Grain trader vs trader

The differences between grain traders and traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a grain trader has an average salary of $107,547, which is higher than the $90,179 average annual salary of a trader.

The top three skills for a grain trader include commodities, arbitrage and wheat. The most important skills for a trader are portfolio, financial markets, and derivative.

Grain trader vs trader overview

	Grain Trader	Trader
Yearly salary	$107,547	$90,179
Hourly rate	$51.71	$43.36
Growth rate	10%	10%
Number of jobs	1,017	17,351
Job satisfaction	5	-
Most common degree	Bachelor's Degree, 85%	Bachelor's Degree, 78%
Average age	43	43
Years of experience	6	-

Grain trader vs trader salary

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

	Grain Trader	Trader
Average salary	$107,547	$90,179
Salary range	Between $61,000 And $188,000	Between $56,000 And $144,000
Highest paying City	-	White Plains, NY
Highest paying state	-	New York
Best paying company	-	The Citadel
Best paying industry	-	Finance

Differences between grain trader and trader education

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

	Grain Trader	Trader
Most common degree	Bachelor's Degree, 85%	Bachelor's Degree, 78%
Most common major	Business	Finance
Most common college	Harvard University	University of Pennsylvania

Grain trader vs trader demographics

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

	Grain Trader	Trader
Average age	43	43
Gender ratio	Male, 60.9% Female, 39.1%	Male, 82.1% Female, 17.9%
Race ratio	Black 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, 12.4% White, 66.2% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between grain trader and trader 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.

Trader example responsibilities.

Manage Smithtown branch office ensuring compliance with NASD regulations.
Manage and hedge generation within PJM, MISO, and ERCOT.
Manage options trading to ensure a positive ROI within a volatile market.
Initiate and manage financial, physical and virtual trades resulting in a positive PnL.
Manage products with the supply chain warehouses and interface with both corporate logistics and common carriers.
Coordinate MBS and whole loan delivers to ensure settlements are achieve to minimize extension and pair off fees.

Grain trader vs trader skills

Common grain trader skills

Commodities, 52%
Arbitrage, 30%
Wheat, 18%

Common trader skills

Portfolio, 13%
Financial Markets, 6%
Derivative, 5%
Fixed Income, 5%
Equities, 4%
Securities, 4%