Securities Trader Salary
A big portion of take-home pay for Securities Traders — over three-quarters, in fact — arrives through commissions. This profession's median overall income is approximately $62K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Generally, women make up less than a third of all Securities Traders who answered the questionnnaire. Medical benefits are awarded to a large number, and the larger part earn dental coverage. This snapshot results from replies to PayScale's salary survey.
Job Description for Securities Trader
Securities traders are responsible for trading securities on behalf of their company's clients. They are in charge of buying and selling options such as stocks or bonds, gathering order information such as purchasing and selling details, and using their financial knowledge to recommend trading movements and develop effective strategies to increase client satisfaction. They provide advice to people who inquire about their services, as well as analyze market trends and provide relevant information to clients and upper management staff as required.Read More...
One of the securities trader's main responsibilities includes placing securities orders at specific times for better prices. They utilize a personal computer to record securities transactions and keep an accurate record for future reference. They are also in charge of enhancing financial processes and accountability, as well as improving trading performance to increase company profitability while minimizing the use of company resources.
At least a bachelor's degree in economics, finance, or a related field is generally required for this job, and previous experience as a securities trader is required or preferred as well. Securities traders need to possess strong communication skills, be organized, and pay close attention to detail. They need to be able to work under strict deadlines as well. Securities traders' schedule may vary; however, most securities traders work in an office setting during the hours in which the stock market is open for business.
Securities Trader Tasks
- Receive buy and sell orders for securities from clients and carry out the transactions.
- Follow changes and trends in the securities and financial markets.
- Ensure security transfer paperwork is completed correctly and proper transaction records are kept.
- Advise clients on how to meet their financial goals.
Securities Trader Job Listings
Search for more jobs:
Pay by Experience Level for Securities Trader
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average worker who claims fewer than five years of experience earns around $61K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $77K. The average pay reported by folks with 10 to 20 years of experience is around $84K. For some reason, Securities Traders with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $51K.
Related Job Salaries
Key Stats for Securities Trader
Rated 4 out of 5
based on 12 votes.