Trader, Equities Salary
Equities Traders in the United States take home approximately $72K per year on average. Total cash compensation to Equities Traders ranges from $48K on the lower end to $216K on the higher end; the final number includes potential for approximately $101K each from bonuses and profit sharing in exceptional cases. Location and years of experience each impact pay for this group, with the former having the largest influence. A large number enjoy medical while the greater part get dental coverage. Vision coverage is also available to a little more than half. The vast majority of Equities Traders (83 percent) who took the survey are men. Job satisfaction for Equities Traders is high.
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|Salary||$46,154 - $138,220|
|Bonus||$2,416 - $100,671|
|Profit Sharing||$1,030 - $96,958|
|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).)
|$48,297 - $216,381|
Job Description for Trader, Equities
Equity traders are in charge of executing purchases and selling activities of equities on behalf of their company or clients. They are responsible for providing accurate advice on trading matters and explaining terms and procedures to customers. They conduct complex transactions using established guidelines and must possess strong communication skills to interact with other traders, clients, and company representatives. These traders analyze huge amounts of financial information, market research trends, and company statements to drive their recommendations and decisions.Read More...
Equity traders' primary responsibilities include exchange stocks or bonds into cash or to acquire other equities, as indicated by their company or customers. Equity traders also strive to reduce transaction costs and increase company recognition. Additionally, they manage orders and trade flow based on importance rating, as well as timing during trading hours. In addition, one of their main duties is providing investment teams with financial intelligence and expert advice as required. They strive to develop strong business relationships to increase company profitability and loyalty. Equity traders must follow trading and privacy regulations at all times.
A bachelor's degree in finance, economics, or a related field is generally required for this position. Previous experience in a trader capacity is often required or preferred as well. Equity traders need to work well in a team environment to reach all trading objectives in a timely manner, as well as be organized and pay close attention to detail. They also must have excellent multitasking abilities to handle and prioritize trading transactions effectively. They use a personal computer to keep an accurate record of their trading activities, as well as client information and financial statements.
Trader, Equities Tasks
- Conduct client transactions, such as buying and selling stock, properties, and other equity products.
- Perform transaction analysis to ensure integrity of data and compliance with all government regulations.
- Develop trading strategies and assess market trends to provide clients with accurate data.
- Evaluate market trends, trader performance, and trading strategies for financial risk.
Pay by Experience Level for Trader, Equities
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although inexperienced employees take home approximately $69K, those who have five to 10 years under their belts benefit from a six-figure median of $111K. Equities Traders claiming one to two decades of experience make an estimated median of $103K. Equities Traders who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $77K.
Pay Difference by Location
For Equities Traders, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Equities Traders will also find cushy salaries in New York (+87 percent) and Boston (+42 percent). Dallas is home to the smallest salaries in the field, lagging the national average by 18 percent.
Key Stats for Trader, Equities
Rated 5 out of 5
based on 13 votes.