Trader, Commodities Salary
Commodities Traders in the United States take home approximately $79K per year on average. Compensation ranges from $49K on the lower end to $185K per year on the higher end. Location and experience level each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The majority of workers are highly satisfied with their job. Male Commodities Traders are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
|Salary||$48,456 - $138,003|
|Bonus||$2,500 - $73,404|
|Commission||$0.00 - $39,871|
|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).)
|$49,481 - $182,653|
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. (Copyright 2018 PayScale.com)
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.
Trader, Commodities Job Listings
Pay by Experience Level for Trader, Commodities
Pay by Experience for a Trader, Commodities has a positive trend. An entry-level Trader, Commodities with less than 5 years of experience can expect to earn an average total compensation of $73,000 based on 66 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Trader, Commodities with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $115,000 based on 38 salaries. An experienced Trader, Commodities which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $141,000 based on 21 salaries. A Trader, Commodities with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $150,000 based on 9 salaries.
Pay Difference by Location
Houston is home to an above-average pay rate for Commodities Traders, 88 percent higher than the national average. Commodities Traders will also find cushy salaries in New York (+66 percent) and Chicago (+14 percent). Trailing the national average by 12 percent, Miami is the market with the smallest paychecks.
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Key Stats for Trader, Commodities
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