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Grain trader vs trade specialist

The differences between grain traders and trade specialists 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 trade specialist. Additionally, a grain trader has an average salary of $107,547, which is higher than the $36,693 average annual salary of a trade specialist.

The top three skills for a grain trader include commodities, arbitrage and wheat. The most important skills for a trade specialist are customer service, HVAC, and plumbing.

Grain trader vs trade specialist overview

Grain TraderTrade Specialist
Yearly salary$107,547$36,693
Hourly rate$51.71$17.64
Growth rate10%10%
Number of jobs1,01725,669
Job satisfaction5-
Most common degreeBachelor's Degree, 85%Bachelor's Degree, 61%
Average age4343
Years of experience66

Grain trader vs trade specialist salary

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

Grain TraderTrade Specialist
Average salary$107,547$36,693
Salary rangeBetween $61,000 And $188,000Between $27,000 And $49,000
Highest paying City-Minneapolis, MN
Highest paying state-Kansas
Best paying company-Ford Motor
Best paying industry-Finance

Differences between grain trader and trade specialist education

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

Grain TraderTrade Specialist
Most common degreeBachelor's Degree, 85%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeHarvard UniversityUniversity of Pennsylvania

Grain trader vs trade specialist demographics

Here are the differences between grain traders' and trade specialists' demographics:

Grain TraderTrade Specialist
Average age4343
Gender ratioMale, 60.9% Female, 39.1%Male, 67.4% Female, 32.6%
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, 5.5% Unknown, 4.1% Hispanic or Latino, 11.5% Asian, 11.4% White, 67.3% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between grain trader and trade specialist 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.

Trade specialist example responsibilities.

  • Manage the accounts receivables for all commodities assign.
  • Prompt actions on CBP communications, avoiding exposure to fines and penalties.
  • Manage projects and partnerships to advance achievement of FDA's international public health goals.
  • Manage import and export projects, reviewing documentation to identify potential risks and make recommendations for mitigation to upper management.
  • Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
  • Task with providing P.M. maintenance, carpentry, plumbing, electrical, P.M. HVAC, emergency call-outs.
  • Show more

Grain trader vs trade specialist skills

Common grain trader skills
  • Commodities, 52%
  • Arbitrage, 30%
  • Wheat, 18%
Common trade specialist skills
  • Customer Service, 18%
  • HVAC, 11%
  • Plumbing, 10%
  • Hand Tools, 8%
  • CDL, 7%
  • Dump Truck, 4%