ess, project engineers should stay abreast of both the industry's latest technological and process developments.Salaries Entry-level salaries are paltry when compared to their senior counterparts, many of whom earn hundreds of thousands of dollars -- or millions of dollars -- per year. Acc ording to the U.S. Bureau of Labor Statistics, securities traders who work in the intermediation and brokerage industry average 111,160 in annua l earnings. Because traders typically work on a bonus structure, a hefty percentage of these earnings comes in the form of an annual bonus. It's forum avatar icons not uncommon for assistant trader salaries to start in the 50,000 to 75,000 range; as the trader gains experience, the percentage of compensati on that is discretionary rises. For example, an experienced trader may earn 150,000 in salary, but earn another 300,000 or more in discretionar poesie on line y, year-end bonus income. The Downside Those who are interested in pursuing trading as a career must be prepared for lean years when trading volu .
ion, buy-side companies --meaning hedge funds, mutual funds and other large investment groups -- expect more in service while paying less in fees . As a result, electronic or algorithmic trading is fast on the rise. Algorithmic trading lessens the need for these funds to pay the traditional securities trader. Working Conditions According to BLS, trading is the most stressful career on Wall Street. One simple mistake may result in mi llions of dollars in losses. Nevertheless, those who thrive under pressure, like competition and enjoy mathematics will find the atmosphere invig free lace textures orating. Trade floors are loud and exciting, and traders typically work shorter hours than their research or investment-banking counterparts. Hou rs vary depending on the market you trade; U.S. traders' days begin at 7 a.m. but end soon after the closing bell, which rings at 4:30 p.m. Some poesie on line travel is required, but not much. Traders don't usually work on evenings or weekends. Additional Information Getting a trading job -- even an ent .
7 takes several months of dedicated study. Traders often go back to school for the Masters of Business Administration, and there are other valua ble professional certifications, too. Most trading jobs are concentrated in and around New York City, although Chicago-area and California busine sses employ thousands of traders as well.1 Don't provide salary details unless the company specifically requires you to do so -- it is not standa rd practice to include salary information in the resume or cover letter. Let the company take the lead in starting the negotiations process. Wait clancy audio books for the company to make an offer first before you start negotiations. 2 Research the market rate for the job duties and industry in advance. Exa mine the data for both your previous job and the new position for which you are applying. Find salary information on the Bureau of Labor Statisti poesie on line cs website and various other compensation websites. Conduct salary surveys within the industry if you work in a specialized or unusual field. Pre .
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