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Trader Careers

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 $63.05 an hour? That's $131,136 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.

When it comes to the most important skills required to be a trader, we found that a lot of resumes listed 15.1% of traders included portfolio, while 7.5% of resumes included financial markets, and 4.2% of resumes included market research. 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 trader job title. But what industry to start with? Most traders actually find jobs in the finance and manufacturing industries.

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 59.6% of traders have a bachelor's degree. In terms of higher education levels, we found that 26.7% of traders have master's degrees. Even though most 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 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.

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Average Salary
$131,136
Average Salary
Job Growth Rate
4%
Job Growth Rate
Job Openings
2,016
Job Openings

Trader Career Paths

Top Careers Before Trader

Top Careers After Trader

What is the right job for my career path?

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

Average Salary for a Trader

Traders in America make an average salary of $131,136 per year or $63 per hour. The top 10 percent makes over $203,000 per year, while the bottom 10 percent under $84,000 per year.
Average Salary
$131,136

Best Paying Cities

City
ascdesc
Average Salarydesc
White Plains, NY
Salary Range99k - 195k$140k$139,516
Newport, RI
Salary Range99k - 195k$139k$139,351
Canton, MI
Salary Range90k - 174k$125k$125,477
Bridgeport, CT
Salary Range87k - 171k$122k$122,472
Boston, MA
Salary Range85k - 169k$120k$120,300
Jersey City, NJ
Salary Range85k - 166k$119k$119,180
$60k
$195k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Mortgage Trader II Remote Work Environment Available)
Mortgage Trader II Remote Work Environment Available)
United Services Automobile Association (USAA)
United Services Automobile Association (USAA)
01/17/2021
01/17/2021
$66,30001/17/2021
$66,300
Mortgage Trader II Remote Work Environment Available)
Mortgage Trader II Remote Work Environment Available)
USAA
USAA
01/14/2021
01/14/2021
$66,30001/14/2021
$66,300
Trader
Trader
Cybercoders
Cybercoders
01/15/2020
01/15/2020
$90,00001/15/2020
$90,000
Trader
Trader
Nv Energy
Nv Energy
11/26/2019
11/26/2019
$70,40011/26/2019
$70,400
Trader
Trader
Maverick Trading
Maverick Trading
09/30/2019
09/30/2019
$100,00009/30/2019
$100,000
See More Recent Salaries

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Trader Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Trader. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Trader Resume

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

View Detailed Information

Trader Demographics

Gender

male

75.6 %

female

18.0 %

unknown

6.4 %

Ethnicity

White

70.2 %

Asian

11.1 %

Hispanic or Latino

11.1 %

Foreign Languages Spoken

Spanish

32.3 %

French

14.3 %

Chinese

7.6 %
See More Demographics

Trader Education

Majors

Finance
31.8 %
Business
20.6 %
Economics
12.9 %

Degrees

Bachelors

59.6 %

Masters

26.7 %

Associate

4.1 %

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 • Public

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 • Public

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 • Public

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

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

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%
  • See All Trader Skills

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 New York, Rhode Island, New Hampshire, and Delaware. Traders make the most in New York with an average salary of $131,797. Whereas in Rhode Island and New Hampshire, they would average $131,464 and $128,101, respectively. While traders would only make an average of $124,321 in Delaware, 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:
$220,000
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:
$210,000
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. Rhode Island

Total Trader Jobs:
8
Highest 10% Earn:
$220,000
Location Quotient:
0.93
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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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 Fidelity Investments was the best, especially with an average salary of $113,441. IMC Companies follows up with an average salary of $117,529, and then comes Citi with an average of $163,329. 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 USAA, Koch Industries, and Just Energy

1. Fidelity Investments
4.8
Avg. Salary: 
$113,441
Traders Hired: 
63+
2. IMC Companies
4.4
Avg. Salary: 
$117,529
Traders Hired: 
48+
3. Citi
4.8
Avg. Salary: 
$163,329
Traders Hired: 
32+
4. UBS
4.8
Avg. Salary: 
$71,734
Traders Hired: 
26+
5. D. E. Shaw & Co.
4.8
Avg. Salary: 
$142,575
Traders Hired: 
22+
6. DRW
4.9
Avg. Salary: 
$122,007
Traders Hired: 
21+

Trader Videos

Updated October 2, 2020