All About Careers
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser
No Result
View All Result
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser
No Result
View All Result
All About Careers
No Result
View All Result

Financial Trader • Job Description, Salary & Benefits

by All about Careers
25 August, 2021
in Job Profiles
0
Financial Trader • Job Description, Salary & Benefits

Do you regularly have the overwhelming desire to shout “Buy, buy, buy! Sell, sell, sell!” at the top of your lungs? If you do, you should probably avoid doing it randomly on the bus. You wouldn’t want to scare the other passengers now, would you? Instead, you should consider pursuing a career as a financial trader.

Admittedly, financial traders don’t spend their entire day running around trading floors, barging into each other, sweating profusely, panicking, undoing their ties and screaming “BUUUYYYYY!!!!” or “SEELLLLL!!!!” until their heads explode. However, they do work under lots of pressure and they do need to make important decisions quickly and confidently.

Essentially, financial traders buy and sell financial products, such as bonds, shares and assets, on behalf of investors, i.e. investment banks, large companies and wealthy individuals. These dynamic front-office professionals liaise with investment analysts, and use their own analytical skills and financial knowledge to survey the financial markets and make predictions.

They then have to make prompt decisions about when to buy (preferably when the price is low) and when to sell (preferably when the price is high) securities and other financial products. The ultimate aim is to make as much money as possible for their client, whilst reducing financial risk.

Financial traders can typically be divided into three distinct types:

– Proprietary traders

– Flow traders

– Sales traders.

A proprietary trader buys and sells financial products on behalf of the bank that employs them.

A flow trader executes trades on behalf of their bank’s clients.

A sales trader acts as a mediator between the client and the people who are responsible for actually executing the trades. Rather than directly making risky decisions like flow and proprietary traders, sales traders take orders from their clients and communicate them to the traders who are working on the front line.

Check ➤  Higher Education Careers Adviser • Job Description, Salary & Benefits

Generally, a financial trader’s job involves liaising with clients and colleagues, analysing data, making quick fire decisions, and finalising trades online or over the phone. Finally, they also have to complete routine administrative duties to keep track of deals made, assets acquired and money lost.

You can find current vacancies on our Jobs page in the Banking, Finance and Accountancy sector.

Salary & benefits

Entry-level traders tend to earn between £31,000 and £46,000 per annum. Once you have gained sufficient experience, your annual salary will increase to anywhere between £45,000 and £80,000 per annum.

Some senior associates can earn up to £250,000 a year. Traders are also usually paid sizeable bonuses based on performance.

Working hours

Expect early starts. Financial traders tend to start at around 6.30am. Some days you may finish at 5.30pm, but other days you might be in the office for a lot longer. Different markets, however, operate at different times and this will, therefore, have an impact on your working hours.

Aspiring financial traders should be ready for lots of stress and pressure.

You may also be required to travel internationally from time to time.

Entry

Investment banks only tend to recruit the very best graduates. Candidates with a degree in any subject can enter this line of work. However, a 2:1 classification is usually the minimum requirement.

If you study a relevant subject, such as business studies, economics, maths, statistics, operational research or accounting, you may stand a better chance of securing an entry-level position.

Completing an internship or work experience placement with an investment bank is a great idea, and pretty much essential for entry into this competitive area of work. A recent report from High Fliers revealed that 75% of graduate vacancies at top investment banks are filled by students who have previously done work experience or an internship with the company.

Check ➤  Radio Producer • Job Description, Salary & Benefits

Training & progression

Many financial traders start their career as part of a graduate scheme. These training programmes tend to last around two years. If you are accepted onto a graduate scheme, the majority of your training will be done whilst on the job under the supervision of senior traders. You will also have the opportunity to attend in-house training sessions from time to time.

Traders need to be registered with the Financial Conduct Authority before they can start trading, which means passing a number of exams.

As part of your training programme, you will also be given the opportunity to complete the professional examinations required to become a member of the Chartered Institute for Securities & Investment.

As you gain more experience and move up the career ladder, you will become an associate and then a senior associate. Some people eventually move into director-level roles. The international nature of trading means that you may have the opportunity to work abroad at some point in your career.

Click to rate!
[Total: 1 Average: 5]
Related posts:
  1. Educational Psychologist • Job Description, Salary & Benefits
  2. Exercise Physiologist • Job Description, Salary & Benefits
  3. Games Tester • Job Description, Salary & Benefits
  4. Clinical Embryologist • Job Description, Salary & Benefits
  5. Farmer • Job Description, Salary & Benefits
  6. Forensic Psychologist • Job Description, Salary & Benefits
  7. Advertising Copywriter • Job Description, Salary & Benefits
  8. Scriptwriter • Job Description, Salary & Benefits
Previous Post

Cartographer • Job Description, Salary & Benefits

Next Post

Clerical Assistant • Job Description, Salary & Benefits

No Result
View All Result

Contents

  • 1 Salary & benefits
  • 2 Working hours
  • 3 Entry
  • 4 Training & progression

Categories

  • Accounting
  • Apple Pay
  • Apprenticeships
  • Career Industry
  • Career Path
  • Cash-app
  • College
  • Courses
  • Cover Letter
  • Credit Card
  • Degree
  • Insurance
  • Internships
  • Investing
  • Job Profiles
  • Looking for a Job
  • Paypal
  • Postgraduate
  • Rankings
  • Reviews
  • Scholarships
  • Self Employment
  • Social Security
  • Student Discount
  • Student Finance
  • Student loans
  • Taxes
  • UCAS
  • University
  • Work experience

Student Finance:

  • How to get money off netspend account without card
  • Why cant i open a chime account
  • How to transfer from crypto com to bank account
  • Chime cash advance
  • Does publix cash checks
  • Pay later apps

Insurance:

  • Home insurance claim adjuster secret tactics
  • Insurance subscriber number
  • State farm id card
  • Ct scan cost with insurance
  • Benefits for green card holders over 65

Student Loans:

  • $50 000 loan payment for 10 years
  • Average credit score by age
  • $200 000 mortgage payment 30 years
  • How much is the mortgage on a million dollar home
  • Mortgage underwriter salary

Credit Cards:

  • Thd/cbna credit card
  • Goody’s credit card online payment
  • Shell credit card payment
  • Iddeal credit card
  • Victoria secret pay credit card
  • CONTACT
  • TERMS & CONDITIONS
  • PRIVACY POLICY & GDPR COMPLIANCE STATEMENT
  • COOKIE POLICY

© 2004 - 2022 allaboutcareers.com

No Result
View All Result
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser

© 2004 - 2022 allaboutcareers.com