Energy Trader Salary
Six-figure salaries are the norm for Energy Traders in the United States, with median pay hovering around $99K per year. Earnings generally vary between $70K and $177K per year. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Job satisfaction is high and work is enjoyable for most Energy Traders. There are far more male Energy Traders survey respondents than women, making up 83 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Job Description for Energy Trader
Energy traders buy and sell shares of energy stock in order to make profits. This is usually done electronically, and common examples include oil, electricity, and gas. It is important to stay up-to-date with current events and factors which shape the prices of energy, as well as anticipate events which may affect the market.Read More...
Energy traders should be strongly familiar with laws relating to the trading of energy, as they may need to create their own contracts. Strong computer, mathematical, and analytical skills are important to succeed in this business, which can often be stressful, especially when the atmosphere of the market is unfavorable for energy traders. When working on the trade floor, the work day can be long and strenuous, so endurance and the ability to stand and walk for long periods of time are important. The ability to stay calm under pressure is also essential, as it may occasionally be difficult to focus while many activities occur at once on the trade floor.
Energy traders should also be proficient in bargaining, and strong interpersonal skills are important to foster relationships with energy suppliers and make good deals. These traders may buy and sell commodities online or work directly on a trading floor, and a bachelor’s degree in finance, economics, or an energy-related field is generally required for this position. Some employers may require a master’s degree.