Trader vs dealer

The differences between traders and dealers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a trader has an average salary of $90,179, which is higher than the $39,983 average annual salary of a dealer.

The top three skills for a trader include portfolio, financial markets and derivative. The most important skills for a dealer are guest service, math, and exceptional guest.

Trader vs dealer overview

	Trader	Dealer
Yearly salary	$90,179	$39,983
Hourly rate	$43.36	$19.22
Growth rate	10%	17%
Number of jobs	17,351	2,027
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 37%
Average age	43	45
Years of experience	-	12

What does a trader do?

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. In some cases, traders also act as financial advisors to their clients, providing financial management support, and handling their account investments. A trader must have excellent knowledge of the financial industry and must be highly-analytical, dealing with consistent changes in the stock market and maintain smart decisions to achieve their clients' financial goals.

What does a dealer do?

Generally, a dealer is someone who buys and sells securities for his/her or her account. Dealers act as the principal in trading. In the financial market, dealers purchase and sell financial products within the market. They then trade and distribute financial securities. Dealers in casinos are appointed to assist in the game at a gambling table. They play a significant role in distributing bets and payouts. Good communication skills, attention to detail, and customer service are necessary for performing this job.

Trader vs dealer salary

Traders and dealers have different pay scales, as shown below.

	Trader	Dealer
Average salary	$90,179	$39,983
Salary range	Between $56,000 And $144,000	Between $29,000 And $54,000
Highest paying City	White Plains, NY	Seattle, WA
Highest paying state	New York	Washington
Best paying company	The Citadel	Santander Bank
Best paying industry	Finance	Finance

Differences between trader and dealer education

There are a few differences between a trader and a dealer in terms of educational background:

	Trader	Dealer
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 37%
Most common major	Finance	Business
Most common college	University of Pennsylvania	-

Trader vs dealer demographics

Here are the differences between traders' and dealers' demographics:

	Trader	Dealer
Average age	43	45
Gender ratio	Male, 82.1% Female, 17.9%	Male, 55.7% Female, 44.3%
Race ratio	Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.5% Asian, 12.4% White, 66.2% American Indian and Alaska Native, 0.2%	Black or African American, 8.7% Unknown, 4.3% Hispanic or Latino, 13.7% Asian, 12.9% White, 58.2% American Indian and Alaska Native, 2.1%
LGBT Percentage	6%	7%

Differences between trader and dealer duties and responsibilities

Trader example responsibilities.

Manage Smithtown branch office ensuring compliance with NASD regulations.
Manage and hedge generation within PJM, MISO, and ERCOT.
Manage options trading to ensure a positive ROI within a volatile market.
Initiate and manage financial, physical and virtual trades resulting in a positive PnL.
Manage products with the supply chain warehouses and interface with both corporate logistics and common carriers.
Coordinate MBS and whole loan delivers to ensure settlements are achieve to minimize extension and pair off fees.

Dealer example responsibilities.

Manage and train personnel, manage firms' capital through complex derivative transactions
Demonstrate manual and visual dexterity to complete the shuffle, delivery and pick up of playing cards to each player.
Demonstrate excellent communication skills to deal with irate customers, general manual dexterity and ability to perform simple mathematical calculations quickly.
Entertain guest while dealing casino table games like, blackjack, pai gao , 3 card, ext.
stud, let-it-ride, texas holdem.
Work in a team structure to deal blackjack in accordance to rules and regulations.

Trader vs dealer skills

Common trader skills

Portfolio, 13%
Financial Markets, 6%
Derivative, 5%
Fixed Income, 5%
Equities, 4%
Securities, 4%

Common dealer skills

Guest Service, 17%
Math, 8%
Exceptional Guest, 8%
Work Ethic, 7%
Excellent Interpersonal, 6%
Dexterity, 6%