Trade analysts work in the fast-paced world of stock trading. They act as middlemen between buyers and sellers and provide information, execute sales and purchases, and conduct appropriate research. Their jobs are tied to the markets, and they only work when the markets are open.
A day in the life of a trade analyst is quick and variable. It may involve communicating with clients, performing appropriate research, creating reports, or writing company reviews. While performing research, trade analysts usually focus on specific regions to get a quick overview of the financial situation in the area.
Making sales is also a significant part of their role. They communicate with clients, businesses, and potential investors through phone calls, emails, and other forms of telecommunication. Trade analysts have to constantly be on their toes to keep up with their job demands.
To become a trade analyst, you need a bachelor's degree in economics, finance, or a similar field. You'll also need the ability to multitask and stay calm under pressure.
There is more than meets the eye when it comes to being a trade analyst. For example, did you know that they make an average of $33.92 an hour? That's $70,560 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many trade analysts 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 computer skills, detail oriented and math skills.
When it comes to the most important skills required to be a trade analyst, we found that a lot of resumes listed 6.8% of trade analysts included portfolio, while 6.0% of resumes included income, and 5.5% of resumes included front office. 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 trade analyst job title. But what industry to start with? Most trade analysts actually find jobs in the finance and manufacturing industries.
If you're interested in becoming a trade analyst, one of the first things to consider is how much education you need. We've determined that 71.1% of trade analysts have a bachelor's degree. In terms of higher education levels, we found that 14.2% of trade analysts have master's degrees. Even though most trade analysts 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 trade analyst. When we researched the most common majors for a trade analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on trade analyst resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a trade analyst. In fact, many trade analyst jobs require experience in a role such as internship. Meanwhile, many trade analysts also have previous career experience in roles such as analyst or finance analyst.