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Stock market dealer / trader
Responsible for:
Stock market dealers or traders buy and sell shares on the international markets.
Average salary:
Starting salaries range from £24,000 to £35,000 a year, with experience, earnings can be £45,000 to £80,000 and some stockbrokers earn over £150,000 a year. Plus you will normally earn bonuses based on personal or company performance.
Typical working hours:
The working day is from about 7.45am to 7pm, which covers the international trading hours.
Qualifications:
Many firms only employ graduates and competition for jobs is fierce. Any degree discipline is acceptable, but a degree in economics, politics, a financial subject or other numerate subject is often preferred. Entry requirements for a degree are a minimum of two A levels/three H grades and five GCSEs/S grades (A-C/1-3), including English and maths, or equivalent qualifications.
General requirements:
- Stock market dealers/traders need to cope under pressure and have good judgement
- Strong communication skills
- Organised and have an aptitude for figures
- Inspire confidence in clients, as the job involves calculating risks and forecasting trends
- Ability to understand and analyse complex information
- Good mathematical and IT skills
- Able to work both as part of a team and on your own initiative
- Drive and determination
- Attention to detail
- Honesty and a trustworthy attitude
- Language skills (especially German, Japanese, French and Russian) can be an advantage if you want to work with overseas clients and markets
Career prospects:
Promotion is achieved on merit and performance. A trainee trader can progress to intermediate trader and then senior trader.
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