Trader, Commodities Salary
For Commodities Traders, yearly average wages total $78K annually. Earnings generally vary between $50K and $185K per year. Residence is the biggest factor affecting pay for this group, followed by tenure. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to the greater part. The majority of workers are highly satisfied with their job. Making up 79 percent of those who took the survey, male Commodities Traders greatly outnumber their female counterparts.
|Salary||$48,634 - $147,077|
|Bonus||$2,076 - $68,510|
|Total Pay (||$49,631 - $185,081|
Job Description for Trader, Commodities
Commodities traders facilitate transactions related to commodities such as securities, stocks and bonds, currency, agricultural output, and others. These traders work with clients to evaluate the market, analyze its movements and tendencies, and use this information to develop sound financial advice for clients. Once this information has been shared with clients and these clients decide to make a transaction, the commodity trader does the necessary buying and/or selling.Read More...
Commodity traders may be employees of banks or brokerage firms, or they may work independently with clients of their own. They may choose to conduct most of their transactions and business from an office via computer or telephone, or they may stand on the floor of a stock exchange, handling deals in person.
A bachelor's degree in finance, economics, or a related field is typically the minimum educational requirement for this position, though many traders have post-baccalaureate degrees as well. Employers and clients may require additional studies with a focus on a specific industry, such as agriculture. Additionally, a trader must be licensed through the Financial Industry Regulatory Authority (FINRA). They need to register with the National Futures Association and pass the National Commodity Futures exam; additionally, the FINRA requires licensed traders to continue their education and report at least 12 hours of classroom education every three years to maintain licensing.
Trader, Commodities Tasks
- Derive optimal transaction prices for clients and execute accordingly.
- Create, maintain, and expand relationships with suppliers and clients.
- Research and monitor target companies and investment channels while applying the appropriate strategies for futures, commodities, and trading.
- Evaluate market movements and communicate their importance with clients and coworkers.
Pay by Experience Level for Trader, Commodities
Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. The average beginner in this position makes around $73K, but folks who have been around for five to 10 years see a markedly higher median salary of $119K. Commodities Traders bring in $137K after working for 10 to 20 years. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $150K.
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Key Stats for Trader, Commodities
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