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Working as a Real Time Trader

There is more than meets the eye when it comes to being a real time trader. For example, did you know that they make an average of $50.02 an hour? That's $104,035 a year!

What Does a Real Time Trader Do

There are certain skills that many real time 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 real time trader, we found that a lot of resumes listed 10.6% of real time traders included nerc, while 10.1% of resumes included caiso, and 9.9% of resumes included market conditions. 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 real time trader job title. But what industry to start with? Most real time traders actually find jobs in the utilities and energy industries.

How To Become a Real Time Trader

If you're interested in becoming a real time trader, one of the first things to consider is how much education you need. We've determined that 55.3% of real time traders have a bachelor's degree. In terms of higher education levels, we found that 29.1% of real time traders have master's degrees. Even though most real time traders have a college degree, it's possible 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 real time trader. When we researched the most common majors for a real time trader, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on real time trader resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a real time trader. In fact, many real time trader jobs require experience in a role such as internship. Meanwhile, many real time traders also have previous career experience in roles such as analyst or senior power scheduler.

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Average Salary$104,035

Real Time Trader Jobs

Average Salary for a Real Time Trader

Real Time Traders in America make an average salary of $104,035 per year or $50 per hour. The top 10 percent makes over $169,000 per year, while the bottom 10 percent under $63,000 per year.
Average Salary
$104,035

Best Paying Cities

City
Average Salary
Portland, OR
Salary Range65k - 124k$90k$89,964
San Diego, CA
Salary Range60k - 124k$87k$87,092
Houston, TX
Salary Range59k - 125k$86k$86,230
Tucson, AZ
Salary Range59k - 123k$86k$85,782
Rapid City, SD
Salary Range58k - 109k$80k$79,688
Edmond, OK
Salary Range53k - 109k$77k$76,559
$53k
$125k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Real Time Power Trader & Generation Dispatch I
Real Time Power Trader & Generation Dispatch I
Black Hills Energy
Black Hills Energy
06/05/2020
06/05/2020
$62,85006/05/2020
$62,850
Real Time Trader I, II or SR.
Real Time Trader I, II or SR.
PNM Resources
PNM Resources
05/26/2020
05/26/2020
$78,19605/26/2020
$78,196
Trader Real Time-Assoc-SR.
Trader Real Time-Assoc-SR.
El Paso Electric Co
El Paso Electric Co
04/24/2020
04/24/2020
$62,30004/24/2020
$62,300
Real Time Trader
Real Time Trader
Omaha Public Power District
Omaha Public Power District
01/29/2020
01/29/2020
$94,80801/29/2020
$94,808
Real Time Trader
Real Time Trader
Black Hills Corporation
Black Hills Corporation
01/23/2020
01/23/2020
$61,60001/23/2020
$61,600
See More Recent Salaries

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Real Time Trader Demographics

Gender

male

66.0 %

female

25.6 %

unknown

8.4 %

Ethnicity

White

72.8 %

Hispanic or Latino

14.1 %

Black or African American

6.4 %

Foreign Languages Spoken

Spanish

75.0 %

Vietnamese

25.0 %
See More Demographics

Real Time Trader Education

Majors

Finance
20.5 %
Business
18.8 %

Degrees

Bachelors

55.3 %

Masters

29.1 %

Associate

5.7 %

Top Colleges for Real Time 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. Western Carolina University

Cullowhee, NC

In-State Tuition
$3,926
Enrollment
9,835

4. Stanford University

Stanford, CA

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

5. SUNY Polytechnic Institute

Utica, NY

In-State Tuition
$8,238
Enrollment
2,120

6. Pennsylvania State University

University Park, PA

In-State Tuition
$18,454
Enrollment
40,108

7. University of Southern California

Los Angeles, CA

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

8. California State University - Long Beach

Long Beach, CA

In-State Tuition
$6,798
Enrollment
31,503

9. Harvard University

Cambridge, MA

In-State Tuition
$50,420
Enrollment
7,582

10. Northeastern University

Boston, MA

In-State Tuition
$51,522
Enrollment
13,760

Entry Level Jobs For Becoming A Real Time Trader

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Real Time 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, 10.6% of real time traders listed nerc on their resume, but soft skills such as analytical skills and math skills are important as well.

Best States For a Real Time Trader

Some places are better than others when it comes to starting a career as a real time trader. The best states for people in this position are Rhode Island, Massachusetts, Connecticut, and New York. Real time traders make the most in Rhode Island with an average salary of $110,196. Whereas in Massachusetts and Connecticut, they would average $109,193 and $108,737, respectively. While real time traders would only make an average of $108,506 in New York, 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. Rhode Island

Total Real Time Trader Jobs:
3
Highest 10% Earn:
$196,000
Location Quotient:
1.16
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 Real Time Trader Jobs:
15
Highest 10% Earn:
$194,000
Location Quotient:
1.61
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. New Jersey

Total Real Time Trader Jobs:
43
Highest 10% Earn:
$193,000
Location Quotient:
1.9
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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How Do Real Time Trader Rate Their Jobs?

Zippia Official Logo

3.0

Real time power traderJuly 2019

3.0

Zippia Official LogoReal time power traderJuly 2019

What do you like the most about working as Real Time Trader?

Like the money and bonus opportunity Show More

What do you NOT like?

The politics Sux balls ... Working in corp America with general population is horrible. The maturity level is really low Show More

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Top Real Time Trader Employers

1. MLB Advanced Media
4.3
Avg. Salary: 
$52,668
Real Time Traders Hired: 
9+
2. Direct Energy
4.8
Avg. Salary: 
$52,358
Real Time Traders Hired: 
6+
3. Williams
4.7
Avg. Salary: 
$49,532
Real Time Traders Hired: 
5+
4. Calpine
4.8
Avg. Salary: 
$72,899
Real Time Traders Hired: 
5+
5. Duke Energy
4.8
Avg. Salary: 
$53,199
Real Time Traders Hired: 
5+
6. Tenaska
4.3
Avg. Salary: 
$72,936
Real Time Traders Hired: 
4+

Recently Added Real Time Trader Jobs

Updated October 2, 2020