What does a 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.

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Education--
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience8+ years

Trader Salaries

Average Base Pay

$73,337 /yr
Same as national average
Not including cash compensation
See More Insights
$40K
Median: $73K
$135K
See More Insights
Glassdoor Estimated Salary

Trader Career Path

Learn how to become a 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
$80,338/yr
L4
Lead Trader
$92,751/yr
See Career Path

Trader Insights

Read what 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.”

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”

Trillium TradingTrillium Trading
Trader
Feb. 15, 2020

“The low compensation early in a trader's career isn't great but it builds character (at least that's what I kept telling myself).”

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Trader Interviews

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Trader jobs