Junior Trader, Commodities Salary
A Junior Trader, Commodities earns an average salary of $63,871 per year. Most people move on to other jobs if they have more than 10 years' experience in this field.
|Salary||$41,217 - $89,202|
|Bonus||$2,027 - $29,590|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$43,119 - $112,690|
Job Description for Junior Trader, Commodities
The role of a junior trader in commodities entails pricing and risk management in regards to commodities. The job requires indoor work, usually at a bank, investment firm, or trading house. The role is highly analytical and involves gathering knowledge about specific commodities, as well as monitoring prices and the overall market. Commodities can consist of many goods for which demand is high and prices are fairly standard, such as oil, metals, or sugar.Read More...
Those in this position often have at least a Bachelor’s degree in Accounting, Business, Economics, Mathematics. One to three years of relevant experience in a bank, particular commodities industry, or different trading house are also recommended for applicants.
A junior trader can move on to roles such as trader and associate trader, and eventually to a manager or executive director of trading in a particular area such as commodities. In order to reach these higher positions, a Master’s degree in Business Administration is often required. The role requires both knowledge of databases and good communication skills, and junior traders should be able to watch the market closely and anticipate shifts that will affect prices. They should be able to create new and better algorithms to predict market fluctuations, and are often given the task of presenting the company’s strategy to possible investors, as well.
There is often a good deal of competition for junior trader positions. Traders often work long hours, so they must be very detail-oriented. Compensation is often tied to the success of investments they make for the company, so traders must also be highly-motivated to work successfully and efficiently.
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