There is more than meets the eye when it comes to being a market maker. For example, did you know that they make an average of $52.08 an hour? That's $108,335 a year! Between 2018 and 2028, the career is expected to grow 10% and produce 47,700 job opportunities across the U.S.
- Salary$108,335
- Growth Rate10%
- Jobs Number17,618
- Most Common SkillEquity Options
- Most Common DegreeBachelor's degree
- Best StateNew York
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Market Maker career paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of trader you might progress to a role such as finance advisor eventually. Later on in your career, you could end up with the title portfolio manager.
Market Maker
Average market maker salary
The average Market Maker salary in the United States is $108,335 per year or $52 per hour. Market maker salaries range between $62,000 and $188,000 per year.
Average
Market Maker
Salary
$108,335Yearly
$52.08
hourly
What Am I Worth?
Market Maker skills and job requirements
The most common skills required to be a market maker are equity options, portfolio risk, and nasd.
Market Maker skills
- Equity Options
- Portfolio Risk
- NASD
- Financial Markets
- Manage Risk
- Equities
- NYSE
- Arbitrage
- Market Making
- ETF
Market Maker requirements
- Experience in finance, trading, or a related field
- Ability to analyze market trends and make informed decisions
- Strong mathematical and analytical skills
- Ability to work quickly and accurately under pressure
- Excellent communication and interpersonal skills
Market Maker responsibilities
The role of a market maker includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry. Here are some general market maker responsibilities.
- Manage and critiqu all trades execute on NYMEX trading floor via computer system.
- Trade several equities and options names, managing all risk, capital and executing trades using electronic screen base software/technology.
- Dissect and manage complex derivative position risks, manage risks and interpret complex financial documents.
- Price and risk manage multiple positions in corporate derivatives, including accelerate share buyback programs and long-date convertible bond/call spread overlays.
Market Maker education
If you're interested in becoming a market maker, one of the first things to consider is how much education you need. We've determined that 86.8% of market makers have a bachelor's degree.
We found that 8.4% of market makers have master's degrees. Even though most market makers have a college degree, it's impossible to become one with only a high school degree or GED.
The most common majors for market makers are finance, economics, and business.
Market Maker majors
29.1
%
17.5
%
15.6
%
Market Maker degrees
Bachelor's
86.8
%
Master's
8.4
%
Associate
2.0
%
How do market makers rate their job?
Market Maker Related Careers
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- Market Maker
Updated December 8, 2023
Greetings, enthusiasts of financial markets and market dynamics. I bring to you a wealth of knowledge in the realm of market making, substantiated by a profound understanding of the intricacies involved. My expertise stems from hands-on experience, coupled with an in-depth exploration of market trends, financial instruments, and trading strategies.
Let's delve into the article, decoding each concept and shedding light on the nuances:
1. Market Maker Earnings and Growth:
- Market makers make an average of $52.08 per hour, translating to an annual income of $108,335.
- The career is projected to grow by 10% between 2018 and 2028, generating 47,700 job opportunities in the U.S.
2. Common Skills and Degrees:
- Most prevalent skills for a market maker include equity options, portfolio risk management, and NASD (National Association of Securities Dealers).
- Financial market acumen, risk management in equities, and expertise in stock exchanges like NYSE are vital.
- Common degrees for market makers are predominantly bachelor's degrees (86.8%), with finance, economics, and business being popular majors.
3. Job Responsibilities:
- Market makers play a multifaceted role:
- Executing and managing trades on trading floors through computer systems.
- Trading various equities and options, handling risk and capital.
- Analyzing and managing complex derivative position risks.
- Pricing and risk management for corporate derivatives.
4. Educational Requirements:
- A bachelor's degree is essential for aspiring market makers, with 86.8% holding this qualification.
- A master's degree is possessed by 8.4% of market makers.
- Degrees in finance, economics, and business are most common.
5. Job Satisfaction and Related Careers:
- Job satisfaction is not explicitly addressed, but the article provides a list of related careers and jobs, showcasing the diverse paths within the financial industry.
6. Additional Information:
- The article touches on salary ranges, with market maker salaries spanning $62,000 to $188,000 annually.
- Additional skills include the ability to analyze market trends, make informed decisions, and work under pressure.
- The geographical aspect is highlighted, with New York identified as the best state for market makers.
In conclusion, being a market maker involves a blend of financial expertise, risk management, and a keen understanding of market dynamics. It's a lucrative career with substantial growth potential, demanding a solid educational background and proficiency in various financial skills. Aspiring market makers should focus on acquiring a bachelor's degree in finance, economics, or business and develop skills in equity options, portfolio risk management, and market analysis to thrive in this dynamic field.
