Junior Trader Job Description

The Benefits of Junior Trading

Junior traders work for large firms. Junior traders don't need to have any education to become one. Junior traders are often assisting senior traders.

The junior trader is taught the job details by the senior trader. Most junior traders have college degrees, which is not required. Junior traders don't have stock market experience.

Some firms and funds hire people with no college degree. College degrees in unrelated fields may help improve an applicants chances of being hired. The preferred applicants are usually people with years of experience.

Junior traders earn between $40,000 and $55,000 a year. A junior trader's salary is dependent on their experience. Junior traders may get bonuses or raises after years of experience.

The Careers of Junior Trader and Investment Bankers

A junior trader is a person who works for an investment bank. Senior traders are assisted in executing trades by many people. Tracking and reporting trades and price fluctuations are some of the duties of a junior trader.

An aspiring trader may choose to trade his or her own capital in order to establish a positive trading record, as an alternative to working for a prestigious investment bank. Junior traders can be trained by investment banks to present their investment strategy to potential investors. The presentation skills gained by the trader will allow him or her to understand the core business model of the firm.

The trader will often be responsible for trading a small amount of investment capital. Senior traders help the trader execute the firm's investment strategies. Junior traders can be promoted to senior traders after establishing a successful trading record.

Junior traders are very competitive and anyone considering a career investment banking will need to have a formal education. A bachelor's degree in finance, accounting, or business is required for most traders. Individuals who want to move up the corporate hierarchy will often have a master's degree in business administration.

Energy Traders

An energy trader is a finance professional who facilitates deals between buyers and sellers of energy assets like natural gas, liquid gas, oil, petroleum and shares of the energy grid. They can be fast-paced as they track prices, predict trends and follow national and international news that might affect the energy market. Energy traders can work for companies that trade in energy.

Energy traders help arrange deals and maximize delivery and cost for maximum profit at oil refinery locations. A trading floor can be used to involve anything from crude oil purchases to the later sale of processed product. Some companies seek traders with non-financial background.

A major in petroleum engineering can help you get a job with an energy company after you graduate. Before pursuing the role of energy trader, you need at least a year of experience. Try to get experience with the product.

Midstream jobs, which include jobs handling petroleum resources after purchase and during processing, can give you an understanding of how companies trade and why. If you work as an engineer on an oil rig or a frack site, you can understand how the market interacts with oil production. Engineers at refineries blend different grades of product to maximize profit.

You can also apply for roles in finance and logistics. An energy company uses a scheduler to manage their oil assets. A junior trader position can help you learn the ropes.

Fixed Income Traders: Experience, Qualification and Experience

The investment and financial industries rely on traders. They are usually in charge of executing both buy and sell orders for themselves or for their clients. They provide a lot of the market's liquidity because they deal with high volumes.

A fixed income trader is a financial professional who executes security trades on behalf of institutional and retail clients based on equity research relating to fixed income investments. They work for banks. Fixed income traders are hired by institutions that attract investment clients.

The fixed income trader draws from knowledge on specific markets to develop a trading strategy that responds to trends in the current market to act on both the sell side and buy side. They work with a variety of instruments. Employees are expected to work with analysts and portfolio managers to develop and monitor assessments of portfolio risk.

Fixed income trader reports influence trading decisions. The fixed income trader needs to be aware of the future movements of prices due to supply and demand trends. To be well-versed in the sector, a fixed income trader is expected to maintain or develop relationships with research analysts.

Fixed income traders must keep up to date with market trends, economic news and conditions in order to keep their clients informed about the direction of their investments. Fixed income traders usually have a bachelor's degree in finance, business administration, economics, mathematics, computer science, or a related field. Some firms may only hire candidates with finance degrees.