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Floor trader vs specialist

The differences between floor traders and specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a floor trader has an average salary of $102,024, which is higher than the $58,013 average annual salary of a specialist.

The top three skills for a floor trader include futures markets, CME and equity options. The most important skills for a specialist are patients, customer service, and work ethic.

Floor trader vs specialist overview

Floor TraderSpecialist
Yearly salary$102,024$58,013
Hourly rate$49.05$27.89
Growth rate10%10%
Number of jobs33,369358,433
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 49%
Average age4342
Years of experience-2

Floor trader vs specialist salary

Floor traders and specialists have different pay scales, as shown below.

Floor TraderSpecialist
Average salary$102,024$58,013
Salary rangeBetween $59,000 And $174,000Between $32,000 And $104,000
Highest paying City-Jersey City, NJ
Highest paying state-New Jersey
Best paying company-The Citadel
Best paying industry--

Differences between floor trader and specialist education

There are a few differences between a floor trader and a specialist in terms of educational background:

Floor TraderSpecialist
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 49%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Floor trader vs specialist demographics

Here are the differences between floor traders' and specialists' demographics:

Floor TraderSpecialist
Average age4342
Gender ratioMale, 94.8% Female, 5.2%Male, 47.5% Female, 52.5%
Race ratioBlack or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.7% Asian, 11.2% White, 67.2% American Indian and Alaska Native, 0.2%Black or African American, 11.4% Unknown, 5.4% Hispanic or Latino, 16.4% Asian, 10.5% White, 55.9% American Indian and Alaska Native, 0.4%
LGBT Percentage6%11%

Differences between floor trader and specialist duties and responsibilities

Floor trader example responsibilities.

  • Manage business, sales, marketing, international negotiation and communication for a commodities business.
  • Lead arbitrage trader with the highest return on investment.
  • Demonstrate outstanding performance and become recognized as one of the top producing firms on the NYSE.
  • Facilitate trades, generate commission dollars, and reduce risk for clients by reflecting liquidity on the NYSE to senior traders.
  • Automate the trade allocation and reconciliation procedures using VBA programming which is leveraged to systematically detect any trade breaks or discrepancies.
  • Integrate into an existing trading pit on the CBOE, illustrating success in new, challenging work environments.

Specialist example responsibilities.

  • Create, manage, and assist users with SharePoint sites.
  • Manage an on-site IRB and company good clinical practice (GCP) inspection.
  • Manage SharePoint sites by creating, editing, and customizing company sites, libraries and security.
  • Manage the building of accounts, assigning of static IP's, and scheduling of business class installations.
  • Convert servers from UNIX to Linux, all hardware diagnostics and repair including printers/plotters/desktops etc.
  • Follow safety procedures such as maintenance of all equipment (Telxon scanners, terminals and ladders).
  • Show more

Floor trader vs specialist skills

Common floor trader skills
  • Futures Markets, 31%
  • CME, 7%
  • Equity Options, 7%
  • NYSE, 6%
  • Futures Contracts, 6%
  • Manage Risk, 5%
Common specialist skills
  • Patients, 15%
  • Customer Service, 11%
  • Work Ethic, 5%
  • Patient Care, 4%
  • Exceptional Client, 4%
  • Troubleshoot, 4%