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What is a Trader

Markets are important for economic growth and industrial development in a country. However, markets cannot operate without the active participation of traders. Traders encourage a market that is efficient and robust. Just like investors, traders offer a valuable service to markets, while earning money and making profits.

Traders analyze price fluctuations, buy and sell financial equipment for their clients, and monitor stock movements. They may work as financial advisors to people who can't handle their account investments and need financial management support. Traders concentrate on both long and short-term trades, depending on the client's interests and specific requirements.

A successful trader is a highly analytical professional who knows about the financial industry and how to deal with constant market changes. Once becoming a trader, you can demand a salary of $53.26 per hour, on average. Are you intrigued by such an awesome salary? Get at least a bachelor's degree in finance or business and you can earn it as a trader.

There is more than meets the eye when it comes to being a Trader. For example, did you know that they make an average of $54.36 an hour? That's $113,076 a year!

Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.

What Does a Trader Do

There are certain skills that many 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, Customer-service skills and Detail oriented.

Learn more about what a Trader does

How To Become a Trader

If you're interested in becoming a Trader, one of the first things to consider is how much education you need. We've determined that 78.2% of Traders have a bachelor's degree. In terms of higher education levels, we found that 12.5% of Traders have master's degrees. Even though most Traders have a college degree, it's impossible 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 Trader. When we researched the most common majors for a Trader, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Trader resumes include Associate Degree degrees or High School Diploma degrees.

You may find that experience in other jobs will help you become a Trader. In fact, many Trader jobs require experience in a role such as Internship. Meanwhile, many Traders also have previous career experience in roles such as Equity Trader or Vice President.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

And if you’re looking for a job, here are the five top employers hiring now:

  1. Citigroup Jobs (42)
  2. Virtu Financial Jobs (14)
  3. Fidelity Investments Jobs (63)
  4. Oppenheimer & Co Jobs (10)
  5. Jane Jobs (50)
Average Salary
$113,076
Average Salary
Job Growth Rate
4%
Job Growth Rate
Job Openings
15,046
Job Openings
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Trader Career Paths

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Average Salary for a Trader

Traders in America make an average salary of $113,076 per year or $54 per hour. The top 10 percent makes over $180,000 per year, while the bottom 10 percent under $70,000 per year.
Average Salary
$113,076
Find Your Salary Estimate
How much should you be earning as an Trader? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.
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Use Zippia's Salary Calculator to see how your pay matches up.

12 Trader Resume Examples

Learn How To Write a Trader Resume

At Zippia, we went through countless Trader resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Trader Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. Citigroup Jobs (42)
  2. Virtu Financial Jobs (14)
  3. Fidelity Investments Jobs (63)
  4. Oppenheimer & Co Jobs (10)
  5. Jane Jobs (50)

Choose From 10+ Customizable Trader Resume templates

Zippia allows you to choose from different easy-to-use Trader templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Trader resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
Trader Resume
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Trader Resume

Trader Demographics

Trader Gender Distribution

Male
Male
82%
Female
Female
18%

After extensive research and analysis, Zippia's data science team found that:

  • Among Traders, 17.9% of them are women, while 82.1% are men.

  • The most common race/ethnicity among Traders is White, which makes up 71.5% of all Traders.

  • The most common foreign language among Traders is Spanish at 32.3%.

Job Openings

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Trader Education

Trader Majors

26.3 %
22.0 %
14.7 %

Trader Degrees

Bachelors

78.2 %

Masters

12.5 %

Associate

4.8 %

Top Colleges for Traders

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

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

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Stanford University

Stanford, CA • Private

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

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
Job Openings

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Online Courses For Trader That You May Like

Comprehensive Guide to Financial Markets, Investing & Trading
udemy
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A comprehensive (advanced) introduction to global financial markets, investing and trading in all financial assets...

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Technical Analysis For Stock Options & Binary Options Trading - How to Win The Stock Trading Game Like a Pro!...

Stock Market Trading: The Complete Technical Analysis Course
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Top Skills For a 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, 15.1% of Traders listed Portfolio on their resume, but soft skills such as Analytical skills and Customer-service skills are important as well.

  • Portfolio, 15.1%
  • Financial Markets, 7.5%
  • Market Research, 4.2%
  • Foreign Currency, 4.0%
  • Bloomberg, 3.8%
  • Other Skills, 65.4%

Best States For a Trader

Some places are better than others when it comes to starting a career as a Trader. The best states for people in this position are Nevada, Hawaii, Louisiana, and New York. Traders make the most in Nevada with an average salary of $143,896. Whereas in Hawaii and Louisiana, they would average $132,226 and $130,133, respectively. While Traders would only make an average of $128,320 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. New York

Total Trader Jobs:
227
Highest 10% Earn:
$208,000
Location Quotient:
2.5
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. Delaware

Total Trader Jobs:
21
Highest 10% Earn:
$201,000
Location Quotient:
2.37
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. Nevada

Total Trader Jobs:
13
Highest 10% Earn:
$220,000
Location Quotient:
0.88
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
Full List Of Best States For Traders

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Top Trader Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Traders and discovered their number of Trader opportunities and average salary. Through our research, we concluded that Tower Research Capital was the best, especially with an average salary of $105,009. Susquehanna Services follows up with an average salary of $104,662, and then comes Fidelity Investments with an average of $108,868. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Trader. The employers include Northstar Financial Services Group, Continental Metal Products, and Targray

Most Common Employers For Trader

RankCompanyZippia ScoreAverage Trader SalaryAverage Salary
1$176,715
2
2.D. E. Shaw & Co.
$119,198
3$112,652
4$108,868
5$108,600
6$108,312

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Becoming a Trader FAQs

Can anyone be a trader?

Yes, anyone can be a trader. Anyone with a little money and patience can become a trader. However, not everyone can be a successful trader. The skill and patience required to become a profitable trader require limiting losses while identifying good trade setups with a positive risk: reward set up.

How do traders make money?

Traders make money by employing trading strategies that try to predict when a market is likely to advance or decline and then place orders accordingly to catch that move. Basically, you want to buy stocks when they are low and sell when they are high, and this difference is what a trader makes.

How long does it take to become a trader?

It takes about 6 to 12 months to become a trader. That is the time it takes to develop enough consistency to see a profit for the month. Others feel that it takes at least two years to really understand the market and constantly return profit month and month.

Is being a trader a good career?

Yes, being a trader is a good career. Working as a trader is a very lucrative career for those who are successful at it -- however, only about 10% of those who try trading end up making a decent profit.

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