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Proprietary trader vs block trader

The differences between proprietary traders and block traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a block trader has an average salary of $111,384, which is higher than the $100,019 average annual salary of a proprietary trader.

Proprietary trader vs block trader overview

Proprietary TraderBlock Trader
Yearly salary$100,019$111,384
Hourly rate$48.09$53.55
Growth rate10%10%
Number of jobs541567
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 88%
Average age4343
Years of experience--

Proprietary trader vs block trader salary

Proprietary traders and block traders have different pay scales, as shown below.

Proprietary TraderBlock Trader
Average salary$100,019$111,384
Salary rangeBetween $60,000 And $165,000Between $63,000 And $195,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyD. E. Shaw group-
Best paying industryFinance-

Differences between proprietary trader and block trader education

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

Proprietary TraderBlock Trader
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 88%
Most common majorFinanceFinance
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Proprietary trader vs block trader demographics

Here are the differences between proprietary traders' and block traders' demographics:

Proprietary TraderBlock Trader
Average age4343
Gender ratioMale, 95.7% Female, 4.3%Male, 89.5% Female, 10.5%
Race ratioBlack or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.6% Asian, 12.5% White, 66.1% American Indian and Alaska Native, 0.2%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%
LGBT Percentage6%6%

Differences between proprietary trader and block trader duties and responsibilities

Proprietary trader example responsibilities.

  • Manage business, sales, marketing, international negotiation and communication for a commodities business.
  • Perform qualitative research on potential risk arbitrage positions and subjectively choose equities for inclusion in a risk arbitrage portfolio.
  • Research market strategies and trends using Bloomberg.
  • Develop quantitative driven proprietary models by Bloomberg BLP / API and VBA programming.
  • Research and develop convertible bond pricing application for convertible arbitrage trades.
  • Assess market conditions within the equities market in order to maximize profitability.
  • Show more

Block trader example responsibilities.

  • Communicate with brokers to ensure accurate allocations for futures, foreign exchange, and equities between separately manage accounts.
  • Screen equities for possible investments.
  • Assist senior traders on the block desk in trading all list securities.
  • Automate the trade allocation and reconciliation procedures using VBA programming which is leveraged to systematically detect any trade breaks or discrepancies.
  • Trade firm capital using a market neutral long short programme momentum proprietary trading strategy.

Proprietary trader vs block trader skills

Common proprietary trader skills
  • Technical Analysis, 12%
  • Equity Markets, 10%
  • Equities, 9%
  • Financial Markets, 8%
  • Portfolio, 8%
  • Fundamental Analysis, 4%
Common block trader skills