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.
Average Base Pay
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“My internship at JUMP was extremely valuable in preparing me for my future career in finance.”
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“Pay is not the best and good luck getting a raise”
“Very good salary and enjoyed my time”
Frequently asked questions about the role and responsibilities of a trader
When working as a 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.
- Portfolio Manager
- Investment Banking Analyst
- Investment Analyst
- Investment Banking Associate
The most common qualifications to become a 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.