The Salary of a Money Market Trader


Working as a trader means split-second decisions can be the difference of thousands, and in some cases millions, of dollars lost or won for a bank or client. Traders often work on the floor of an exchange, making quick buy and sell deals with other traders. Though there is much stress put on a trader, the reward is a six-figure average salary.

Average Salary

  • As of 2011, the average salary of a money market trader is $109,784, according to, a job listing website. The site says that the average salary range for those working as money market traders stretches from $87,173 to $177,109.

Salary by Region

  • Those money market traders who work in Manhattan have an average income higher than the national average. According to, the average annual salary of a money market trader working in the Big Apple is $149,150. However, New York is not the only place with traders making above the national average -- Charlotte, North Carolina ($131,683), Chicago ($119,953), Atlanta ($119,230) and Boston (117,917) report better-than-average earnings. Cities with below-average earnings include Orlando ($87,961), Phoenix ($92,798) and Houston ($99,453).

Education Criteria

  • At the very minimum, a money market trader will need to have a bachelor's degree with a concentration in finance, economics or other related business discipline, says the U.S. Bureau of Labor Statistics. However, the bureau reports that those who want to advance in the finance sector should pursue a master's degree in business administration (MBA).

Job Outlook

  • The outlook for those working as money market traders is expected to grow at a rate of 9 percent through the year 2018, according to the Bureau of Labor Statistics. The growth rate is about equal to that of the average for all job sectors.

Related Searches


  • Photo Credit Jupiterimages/Goodshoot/Getty Images
Promoted By Zergnet


You May Also Like

  • Trade Marketing Manager Job Description

    Professionals seeking a career in marketing management can pursue positions that focus on different functional areas in corporate marketing. For example, some...

  • What is a Stock Trader's Salary?

    A stock trader's job can be fast-paced and hard to keep up with. However, the more stock traders learn about keeping up...

  • The Average Salary of a Marketing Coordinator

    Marketing coordinators research the demand for products and services the company currently offers or plans to begin offering in the future. They...

  • Salary of a Currency Trader

    Whether they're trading U.S. dollars for euros, pounds or Japanese yens, currency traders, also known as foreign exchange traders, are hired to...

  • The Average Money Market Interest Rate

    A money market rate describes the interest percentage set in actively traded markets rather than the predetermined rate of interest your bank...

  • Salary of an Oil Trader

    Processed petroleum - what we know as gasoline or oil - is used to power everything from diesel trucks to gas stoves...

Related Searches

Check It Out

4 Credit Myths That Are Absolutely False

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!