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Working as a Proprietary Trader

There is more than meets the eye when it comes to being a proprietary trader. For example, did you know that they make an average of $55.6 an hour? That's $115,641 a year!

Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.

What Does a Proprietary Trader Do

There are certain skills that many proprietary traders have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and detail oriented.

When it comes to the most important skills required to be a proprietary trader, we found that a lot of resumes listed 11.4% of proprietary traders included equity, while 8.4% of resumes included technical analysis, and 7.3% of resumes included financial markets. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the proprietary trader job title. But what industry to start with? Most proprietary traders actually find jobs in the finance and retail industries.

How To Become a Proprietary Trader

If you're interested in becoming a proprietary trader, one of the first things to consider is how much education you need. We've determined that 57.7% of proprietary traders have a bachelor's degree. In terms of higher education levels, we found that 33.8% of proprietary traders have master's degrees. Even though most proprietary traders have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a proprietary trader. When we researched the most common majors for a proprietary trader, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on proprietary trader resumes include doctoral degree degrees or associate degree degrees.

You may find that experience in other jobs will help you become a proprietary trader. In fact, many proprietary trader jobs require experience in a role such as trader. Meanwhile, many proprietary traders also have previous career experience in roles such as equity trader or vice president.

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Average Salary$115,641
Job Growth Rate4%

Proprietary Trader Jobs

Proprietary Trader Career Paths

Top Careers Before Proprietary Trader

Trader
18.2 %

Top Careers After Proprietary Trader

Trader
17.2 %

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Proprietary Trader

Proprietary Traders in America make an average salary of $115,641 per year or $56 per hour. The top 10 percent makes over $200,000 per year, while the bottom 10 percent under $66,000 per year.
Average Salary
$115,641

Best Paying Cities

City
Average Salary
New York, NY
Salary Range83k - 186k$125k$125,205
Houston, TX
Salary Range58k - 145k$92k$91,972
Chicago, IL
Salary Range59k - 137k$91k$90,689
Juno Beach, FL
Salary Range54k - 141k$88k$88,018
$54k
$186k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Equity Options Proprietary Trader
Equity Options Proprietary Trader
Gelber Securities LLC
Gelber Securities LLC
05/12/2017
05/12/2017
$73,75705/12/2017
$73,757
Proprietary FX Trader
Proprietary FX Trader
Black Diamond Investment Group LLC
Black Diamond Investment Group LLC
03/30/2017
03/30/2017
$75,00003/30/2017
$75,000
Proprietary FX Trader
Proprietary FX Trader
Black Diamond Investment Group LLC
Black Diamond Investment Group LLC
03/23/2017
03/23/2017
$75,00003/23/2017
$75,000
Proprietary Paper Trader
Proprietary Paper Trader
Tricon Energy, Inc.
Tricon Energy, Inc.
03/23/2017
03/23/2017
$130,00003/23/2017
$130,000
Equity Options Proprietary Trader
Equity Options Proprietary Trader
Gelber Securities LLC
Gelber Securities LLC
06/08/2015
06/08/2015
$66,29006/08/2015
$66,290
See More Recent Salaries

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Proprietary Trader Demographics

Gender

male

89.3 %

female

5.5 %

unknown

5.2 %

Ethnicity

White

69.5 %

Hispanic or Latino

11.4 %

Asian

11.4 %

Foreign Languages Spoken

Spanish

26.1 %

Russian

8.7 %

Mandarin

6.5 %
See More Demographics

Proprietary Trader Education

Majors

Finance
36.7 %
Business
18.6 %
Economics
15.0 %

Degrees

Bachelors

57.7 %

Masters

33.8 %

Doctorate

3.5 %

Top Colleges for Proprietary Traders

1. University of Pennsylvania

Philadelphia, PA

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA

In-State Tuition
$7,488
Enrollment
30,018

7. Stanford University

Stanford, CA

In-State Tuition
$51,354
Enrollment
7,083

8. Boston University

Boston, MA

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info

Entry Level Jobs For Becoming A Proprietary Trader

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Part Time
Internship
Temporary

Top Skills For a Proprietary Trader

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.4% of proprietary traders listed equity on their resume, but soft skills such as analytical skills and math skills are important as well.

Best States For a Proprietary Trader

Some places are better than others when it comes to starting a career as a proprietary trader. The best states for people in this position are Rhode Island, New Hampshire, New York, and Delaware. Proprietary traders make the most in Rhode Island with an average salary of $122,782. Whereas in New Hampshire and New York, they would average $120,401 and $117,365, respectively. While proprietary traders would only make an average of $116,052 in Delaware, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Proprietary Trader Jobs:
37
Highest 10% Earn:
$211,000
Location Quotient:
5.91
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Proprietary Trader Jobs:
2
Highest 10% Earn:
$209,000
Location Quotient:
1.32
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Nevada

Total Proprietary Trader Jobs:
1
Highest 10% Earn:
$201,000
Location Quotient:
1.18
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Proprietary Trader Employers

1. T3
4.5
Avg. Salary: 
$83,169
Proprietary Traders Hired: 
56+
2. PTFS
4.3
Avg. Salary: 
$82,550
Proprietary Traders Hired: 
13+
3. Opus
4.6
Avg. Salary: 
$81,921
Proprietary Traders Hired: 
12+
4. MADISON TRADING
3.6
Avg. Salary: 
$112,493
Proprietary Traders Hired: 
11+
5. Alltech
4.6
Avg. Salary: 
$86,439
Proprietary Traders Hired: 
8+
6. Lynx
4.7
Avg. Salary: 
$30,480
Proprietary Traders Hired: 
7+

Proprietary Trader Videos

Recently Added Proprietary Trader Jobs

Updated October 2, 2020