Securities and Commodities Traders: Salary, Job Description, How To Be One and More

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Securities and Commodities Traders jobs information
pros and cons of being a Securities and Commodities Trader

Securities and Commodities Traders

Other names for this job might include Bank and Savings Securities Trader, Block Trader, Bond Trader, Broker, Commodities Trader, Commodity Trader, Corporate Bond Trader, Equities Trader, Equity Trader, Fixed Income Director


  • $102860
    Salary
  • 63%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

B



Stock and Commodities Traders: Know It All In 1 Minute


In this career summary, you will find out what the job of A Stock and Commodities Trader is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Securities and Commodities Traders buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.


    Read more about what does A Stock and Commodities Trader really do at work and what is it like being and working as one.


    Become one

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    Salary

    Average salary
    $102860 per year

    Hourly wage
    $49.45 an hour


    Stock and Commodities Traders with little to no experience tend to make between $32680 and $40410 while the more experienced ones make over $135430 per year.

    Top 5 paying statesHourlyAnnual
    NY$72.65$151120
    NH$72$149750
    CT$63.39$131850
    MA$60.51$125870
    KS$56.01$116500

    1 of the easiest ways to increase your salary as A Stock and Commodities Trader is to move to a higher paying state like NY. Right now, the highest paying states for Stock and Commodities Traders are NY, NH, CT, MA and KS.

    However a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be 2x higher than where you are currently at now.

    3 other factors that can increase your salary as A Stock and Commodities Trader is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

    Find out how much do successful Stock and Commodities Traders make and if their salary is high when compared to all the other careers.


    Requirements

    Recommended degree level
    Bachelor’s Degree

    We asked other Stock and Commodities Traders what degree they had when they got the job and most of them said they had a Bachelors degree followed by High School Diploma.

    Other than that we also asked them what did they major in and here are the most popular majors that came up.

    Financial Planning and Services
    Investments and Securities
    Business and Personal/Financial Services Marketing Operations

    Another popular question from our readers is what makes A Stock and Commodities Trader successful or would they be good in this career.

    Well, we found that most successful Stock and Commodities Traders have these 5 skillsets.

    Reading Comprehension
    Active Listening
    Speaking
    Critical Thinking
    Judgment and Decision Making

    In addition to that, 1 common characteristic among successful Stock and Commodities Traders is they are good at Attention to Detail. Here are the top 5 common characteristics.

    Attention to Detail
    Stress Tolerance
    Dependability
    Integrity
    Initiative
    = Hot in-demand that most employers are looking for

    Read more about what it really takes to become A Stock and Commodities Trader and the degree, training and education you need


    Pros and Cons

    Here are some reasons why you should and shouldn’t choose A Stock and Commodities Trader as your career.

    PROS
    Suitable for people who likes to start and carry out projects
    Suitable for people who values achievements and are resultsoriented
    It is easy to get into this career. Some previous workrelated skill, knowledge, or experience is required for this career.
    One of the highest paid careers in the world
    CONS
    Not suitable for people who likes to work with designs


    There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

    A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



    What is the job like

    Job satisfaction
    63%

    Is this job meaningful
    42%


    Working hours
    More than 40 hours per week

    Working schedule
    Regular (Set schedule and routine)


    On a normal working week Securities and Commodities Traders work More than 40 hours per week.

    63% of Stock and Commodities Traders said they were satisfied with their job and 42% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Persuaders and The Organizers


    You can read more about these career personality types here.

    People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

    They also like following set procedures and routines. They like working with data and details more than with ideas.



    How we can help

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    Related to Securities and Commodities Traders Career Information

    Securities and Commodities Traders job description, Securities and Commodities Traders salary, Securities and Commodities Traders information, what is the job of a Securities and Commodities Trader like, pros and cons about Securities and Commodities Traders, colleges and universities for Securities and Commodities Traders, is Securities and Commodities Traders the right career for me, Quite Hard careers to get into, careers in Sales and Marketing

    Additional resources

    http://www.bls.gov/OOH/sales/securities-commodities-and-financial-services-sales-agents.htm
    http://www.gafm.com/
    http://www.sifma.org/
    http://www.finra.org/

    OwlGuru.com
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    Securities and Commodities Traders
    Written by: Stanley Tan
    Stock and Commodities Traders buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.
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