What does an Oil Trader do?

Traders are responsible for buying and selling stocks, securities, and other financial instruments. They commonly work at financial services firms and investment banks. One of their most important obligations is to ensure total compliance with all federal regulations, industry standards, and other requirements. They work in close collaboration with advisors, asset managers, and other financial professionals. They perform daily reconciliations and create activity reports and other documentation. They perform many of their daily tasks using trading platforms and investment software programs.

Traders typically have a bachelor’s degree in finance, accounting, or a related business field. They must have an in-depth understanding of trading policies, tactics, and regulations. Extensive knowledge of financial instruments is required. A variety of financial licenses are generally mandated. Proficiency with trading platforms and software programs is helpful.

EducationBachelor's Degree
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience8+ years

Oil Trader Salaries

Average Base Pay

$67,995 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
$39K
Median: $68K
$120K
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Glassdoor Estimated Salary

Oil Trader Career Path

Learn how to become an Oil Trader, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L2
Trader
$73,337/yr
L3
Senior Trader
$78,704/yr
L4
Lead Trader
$92,751/yr
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Oil Trader Insights

Read what Oil Trader professionals have to say about their job experiences and view top companies for this career.
The Travel Network Group
Trading Manager
Feb. 4, 2020

“Great place to start your career with opportunity to grow and build your profile within the travel industry.”

TranscribeMeTranscribeMe
Learner Equity Trader
Sep. 13, 2021

“It gave a good experience of working online and from home and a good kick to my career.”

ExelonExelon
Trader
Mar. 15, 2020

“Pay is excellent as long as you don't do real work and are good at sucking up to your boss.”

JUMP Investors
Venture capital intern
Oct. 10, 2019

“My internship at JUMP was extremely valuable in preparing me for my future career in finance.”

JUMP Investors
Venture capital intern
Oct. 8, 2020

“I believe the principles taught at JUMP will serve me great benefit in future experiences.”

PEAK6PEAK6
Trading
Mar. 27, 2020

“I really liked the majority of the people who I met and worked with there and I made some good friends in my time there.”

City of West Palm BeachCity of West Palm Beach
Skilled Trades Worker
Apr. 10, 2021

“Pay is not the best and good luck getting a raise”

Goldman SachsGoldman Sachs
Junior Trader
Aug. 30, 2019

“Very good salary and enjoyed my time”

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Oil Trader Interviews

Related Careers

Portfolio Manager
$107,670
13% skills overlap
Investment Banking Analyst
$87,123
13% skills overlap
Investment Analyst
$64,609
13% skills overlap
Investment Banking Associate
$105,291

Oil Trader jobs

Frequently asked questions about the role and responsibilities of an oil trader

When working as an oil trader, the most common skills you will need to perform your job and for career success are Programmatic, Excellent Communication, Derivatives, Mechanical Drawing and Negotiation.

The most similar professions to oil trader are:
  • Portfolio Manager
  • Investment Banking Analyst
  • Investment Analyst
  • Investment Banking Associate

The most common qualifications to become an oil trader is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.