Trader, Equities Salary
Equities Traders in the United States take home approximately $73K per year on average. With some bonuses approaching $100K and certain profit sharing proceeds approaching $46K, overall incomes of Equities Traders spread between $48K and $226K depending on individual performance. Residence and tenure each impact pay for this group, with the former having the largest influence. For the most part, Equities Traders enjoy their work and report high levels of job satisfaction. Among survey respondents, men are more common than women; 80 percent of Equities Traders are male. Medical benefits are awarded to almost all, and the greater part earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
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
- Develop trading strategies and assess market trends to provide clients with accurate data.
- Evaluate market trends, trader performance, and trading strategies for financial risk.
- 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.
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Pay by Experience Level for Trader, Equities
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although individuals who have less than five years' experience earn $71K on average, people with five to 10 years benefit from a notably larger average of $111K. Equities Traders who work for 10 to 20 years in their occupation tend to earn about $110K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Equities Traders report making only $77K on average.
Pay Difference by Location
With a pay rate for Equities Traders that is 87 percent greater than the national average, New York offers a comfortable salary for those in this profession. Equities Traders will also find cushy salaries in San Francisco (+82 percent) and Boston (+36 percent).