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Senior energy trader hiring summary. Here are some key points about hiring senior energy traders in the United States:
Here's a step-by-step senior energy trader hiring guide:
A senior energy trader's main goal is to build financial models so that their company can buy and sell energy shares. They must be extremely experienced in the trading of shares in the NYSE and/or NASDAQ securities. They establish their company in the market and square off deals to ensure profit.
They deal with equities, stocks, and mutual funds.
First, determine the employments status of the senior energy trader you need to hire. Certain senior energy trader roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A senior energy trader's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior energy traders from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of senior energy traders and their corresponding salaries.
| Type of Senior Energy Trader | Description | Hourly rate |
|---|---|---|
| Senior Energy Trader | Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades. | $32-91 |
| Trader | A trader is responsible for buying and selling financial instruments for a firm or an individual, monitoring stock movements, and analyzing price fluctuations. Traders focus on short-term and long-term trades, depending on their customers' demands and best interests... Show more | $26-69 |
| Hedge Fund Trader | A Hedge Fund Trader specializes in developing investment strategies through market research and analysis. Although the extent of their duties depends on their company of employment, it typically includes managing and monitoring market portfolios, trading according to policies and regulations, reaching out to potential business partners through calls and correspondence, discussing terms, and keeping an eye on stock prices... Show more | $32-96 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $160,391 | $77 |
| 2 | Nevada | $131,608 | $63 |
| 3 | Connecticut | $122,397 | $59 |
| 4 | New Jersey | $119,046 | $57 |
| 5 | Texas | $112,308 | $54 |
| 6 | Georgia | $106,829 | $51 |
| 7 | Tennessee | $104,150 | $50 |
| 8 | Missouri | $103,882 | $50 |
| 9 | Hawaii | $102,623 | $49 |
| 10 | Minnesota | $100,905 | $49 |
| 11 | Illinois | $99,957 | $48 |
| 12 | Massachusetts | $99,872 | $48 |
| 13 | Utah | $98,279 | $47 |
| 14 | California | $95,708 | $46 |
| 15 | North Carolina | $93,805 | $45 |
| 16 | Florida | $93,617 | $45 |
| 17 | Maryland | $92,322 | $44 |
| 18 | Virginia | $91,704 | $44 |
| 19 | Nebraska | $82,731 | $40 |
| 20 | Colorado | $76,252 | $37 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Citi | $144,911 | $69.67 | 48 |
| 2 | BNY Mellon | $139,527 | $67.08 | 1 |
| 3 | CTC | $136,449 | $65.60 | 3 |
| 4 | State Street | $133,911 | $64.38 | |
| 5 | Sumitomo Mitsui Financial Group | $131,910 | $63.42 | |
| 6 | NRG Energy | $130,758 | $62.86 | 9 |
| 7 | BTG Pactual | $130,003 | $62.50 | |
| 8 | Bunge | $128,315 | $61.69 | |
| 9 | Calpine | $127,773 | $61.43 | 1 |
| 10 | Cargill | $126,758 | $60.94 | 7 |
| 11 | Florida Power and Light | $126,242 | $60.69 | 2 |
| 12 | Eaton Vance | $125,867 | $60.51 | |
| 13 | ORION | $123,158 | $59.21 | 1 |
| 14 | DRW | $121,231 | $58.28 | |
| 15 | Constellation Energy Partners | $120,887 | $58.12 | 2 |
| 16 | Tower Research Capital | $120,067 | $57.72 | 3 |
| 17 | Northern Trust | $119,898 | $57.64 | |
| 18 | Moore | $119,542 | $57.47 | |
| 19 | American Century Investments | $119,286 | $57.35 | 1 |
| 20 | Ardent Mills | $118,298 | $56.87 |
A good senior energy trader job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a senior energy trader job description:
There are a few common ways to find senior energy traders for your business:
Recruiting senior energy traders requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect senior energy trader candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
Once that's done, you can draft an onboarding schedule for the new senior energy trader. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Recruiting senior energy traders involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $114,420 per year for a senior energy trader, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for senior energy traders in the US typically range between $32 and $91 an hour.