Post job

Grain trader vs registered representative

The differences between grain traders and registered representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a grain trader and a registered representative. Additionally, a grain trader has an average salary of $107,547, which is higher than the $54,074 average annual salary of a registered representative.

The top three skills for a grain trader include commodities, arbitrage and wheat. The most important skills for a registered representative are financial services, financial products, and securities.

Grain trader vs registered representative overview

Grain TraderRegistered Representative
Yearly salary$107,547$54,074
Hourly rate$51.71$26.00
Growth rate10%10%
Number of jobs1,01717,622
Job satisfaction5-
Most common degreeBachelor's Degree, 85%Bachelor's Degree, 80%
Average age4343
Years of experience66

Grain trader vs registered representative salary

Grain traders and registered representatives have different pay scales, as shown below.

Grain TraderRegistered Representative
Average salary$107,547$54,074
Salary rangeBetween $61,000 And $188,000Between $33,000 And $88,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-New York Life Insurance
Best paying industry-Finance

Differences between grain trader and registered representative education

There are a few differences between a grain trader and a registered representative in terms of educational background:

Grain TraderRegistered Representative
Most common degreeBachelor's Degree, 85%Bachelor's Degree, 80%
Most common majorBusinessBusiness
Most common collegeHarvard UniversityUniversity of Pennsylvania

Grain trader vs registered representative demographics

Here are the differences between grain traders' and registered representatives' demographics:

Grain TraderRegistered Representative
Average age4343
Gender ratioMale, 60.9% Female, 39.1%Male, 77.4% Female, 22.6%
Race ratioBlack or African American, 4.3% Unknown, 4.0% Hispanic or Latino, 8.4% Asian, 9.6% White, 73.5% American Indian and Alaska Native, 0.2%Black or African American, 5.8% Unknown, 4.2% Hispanic or Latino, 12.3% Asian, 10.3% White, 67.2% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between grain trader and registered representative duties and responsibilities

Grain trader example responsibilities.

  • Communicate with brokers to ensure accurate allocations for futures, foreign exchange, and equities between separately manage accounts.
  • Purchase and sell physical commodities in order to capitalize on arbitrage opportunities between various locations, markets and commodities.
  • Automate the trade allocation and reconciliation procedures using VBA programming which is leveraged to systematically detect any trade breaks or discrepancies.
  • Make markets electronically in CME commodity option markets.

Registered representative example responsibilities.

  • Manage variable and fix immediate and defer annuities for wealth accumulation.
  • Develop knowledge of complex financial instruments and successfully communicate strategies for utilizing various securities in achieving client financial objectives.
  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Intern at the NYSE with the M/S floor trader.
  • Provide due diligence for IPO of small cap.
  • Assist companies with development and sale of initial public offering (IPO).
  • Show more

Grain trader vs registered representative skills

Common grain trader skills
  • Commodities, 52%
  • Arbitrage, 30%
  • Wheat, 18%
Common registered representative skills
  • Financial Services, 25%
  • Financial Products, 14%
  • Securities, 6%
  • Annuities, 4%
  • Long-Term Care, 4%
  • Health Insurance, 3%