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Proprietary trader vs bond trader

The differences between proprietary traders and bond traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a bond trader has an average salary of $109,526, which is higher than the $100,019 average annual salary of a proprietary trader.

The top three skills for a proprietary trader include technical analysis, equity markets and equities. The most important skills for a bond trader are bonds, treasury, and fixed income.

Proprietary trader vs bond trader overview

Proprietary TraderBond Trader
Yearly salary$100,019$109,526
Hourly rate$48.09$52.66
Growth rate10%10%
Number of jobs541567
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 79%
Average age4343
Years of experience--

Proprietary trader vs bond trader salary

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

Proprietary TraderBond Trader
Average salary$100,019$109,526
Salary rangeBetween $60,000 And $165,000Between $62,000 And $190,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyD. E. Shaw group-
Best paying industryFinance-

Differences between proprietary trader and bond trader education

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

Proprietary TraderBond Trader
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 79%
Most common majorFinanceFinance
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Proprietary trader vs bond trader demographics

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

Proprietary TraderBond Trader
Average age4343
Gender ratioMale, 95.7% Female, 4.3%Male, 81.0% Female, 19.0%
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, 5.6% Unknown, 4.1% Hispanic or Latino, 11.8% Asian, 11.2% White, 67.0% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between proprietary trader and bond 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.
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Bond trader example responsibilities.

  • Manage traders in training and help teach derivatives theory classes.
  • Manage risk of firm capital in directional, basis and arbitrage trading
  • Manage business, sales, marketing, international negotiation and communication for a commodities business.
  • Train junior traders on modeling and relative value analysis of convertible bonds and structure derivative arbitrage trading strategies.
  • Utilize equities and options to hedge bond risk.
  • Research equities and design trading schematic to find investment opportunities.
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Proprietary trader vs bond trader skills

Common proprietary trader skills
  • Technical Analysis, 12%
  • Equity Markets, 10%
  • Equities, 9%
  • Financial Markets, 8%
  • Portfolio, 8%
  • Fundamental Analysis, 4%
Common bond trader skills
  • Bonds, 22%
  • Treasury, 13%
  • Fixed Income, 11%
  • Securities, 11%
  • Trade Ideas, 5%
  • Hedge Funds, 5%