Trader, Equities Salary
Median pay for Equities Traders in the United States lies in the neighborhood of $76K per year. Cash earnings of Equities Traders can occasionally include $100K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $46K to almost $204K. Residence and career length each impact pay for this group, with the former having the largest influence. The vast majority of Equities Traders (84 percent) who took the survey are men. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to more than half. Most workers in this position report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$45,716 - $147,508|
|Bonus||$2,936 - $100,671|
|Profit Sharing||$3,516 - $33,157|
|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).)
|$46,199 - $202,733|
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. (Copyright 2017 PayScale.com)
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.
Trader, Equities Job Listings
Pay by Experience Level for Trader, Equities
Pay by Experience for a Trader, Equities has a positive trend. An entry-level Trader, Equities with less than 5 years of experience can expect to earn an average total compensation of $69,000 based on 45 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Trader, Equities with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $111,000 based on 48 salaries. An experienced Trader, Equities which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $103,000 based on 23 salaries. A Trader, Equities with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $77,000 based on 13 salaries.
Pay Difference by Location
Equities Traders will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 89 percent. Equities Traders will also find cushy salaries in New York (+86 percent) and Boston (+41 percent). Those in the field find the lowest salaries in Dallas, 19 percent below the national average.
Key Stats for Trader, Equities
Rated 5 out of 5
based on 14 votes.