There is more than meets the eye when it comes to being a day trader. For example, did you know that they make an average of $56.2 an hour? That's $116,895 a year! Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.
Research Summary. After conducting research on a database of millions of profiles, Zippia's data science team found the following results about day trader careers:
-
The most common job after being a day trader is a account executive.
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There are approximately 3,812 job openings for day traders in the US job market currently.
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The annual salary for day traders ranges from $88,000 to $154,000 per year.
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About 68% of day traders have a bachelor's degree.
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The three most common skills for day traders are technical analysis, equities, and market trends.
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9.5% of day traders are women, while 90.5% are men.
What Does a Day Trader Do
There are certain skills that many day traders have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, customer-service skills and detail oriented.
How To Become a Day Trader
If you're interested in becoming a day trader, one of the first things to consider is how much education you need. We've determined that 67.5% of day traders have a bachelor's degree. In terms of higher education levels, we found that 9.9% of day traders have master's degrees. Even though most day traders have a college degree, it's possible to become one with only a high school degree or GED.
Top
Day Trader
Jobs Near You
Day Trader Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a day trader can determine their career goals through the career progression. For example, they could start out with a role such as account executive, progress to a title such as regional sales manager and then eventually end up with the title senior vice president, sales.
Day Trader
Senior Vice President, Sales
14
Years
Portfolio Manager
7
Years
Senior Relationship Manager
9
Years
Credit Director
11
Years
Vice President And Portfolio Manager
10
Years
Senior Portfolio Manager
10
Years
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Top Careers Before Day Trader
Top Careers After Day Trader
7.5
%
Average Salary for a Day Trader
Day Traders
in America make an average salary of
$116,895
per year or
$56
per hour. The top 10 percent makes over
$198,000
per year, while the bottom 10 percent under
$68,000
per year.
Average
Day Trader
Salary
$116,895Yearly
$56.20
hourly
What Am I Worth?
Roles and Types of Day Trader
There are several types of day trader, including:
Trader
Role:
Markets are important for economic growth and industrial development in a country. However, markets cannot operate without the active participation of traders. Traders encourage a market that is efficient and robust. Just like investors, traders offer a valuable service to markets, while earning money and making profits.
Traders analyze price fluctuations, buy and sell financial equipment for their clients, and monitor stock movements. They may work as financial advisors to people who can't handle their account investments and need financial management support. Traders concentrate on both long and short-term trades, depending on the client's interests and specific requirements.
A successful trader is a highly analytical professional who knows about the financial industry and how to deal with constant market changes. Once becoming a trader, you can demand a salary of $53.26 per hour, on average. Are you intrigued by such an awesome salary? Get at least a bachelor's degree in finance or business and you can earn it as a trader.
- Average Salary: $90,179
- Degree: Bachelor's Degree
Equity Trader
Role:
If you love making money and doing research, an Equity Trader could be a great job for you. Equity traders do research and analysis to determine when to buy or sell shares of a company on the equities market. Duties as an equity trader also may include trading options, futures, and exchanging debt funds and other derivatives. You will need to show a high level of analytical skills, math skills, and detail-oriented skills.
To become an equity trader, you will need a bachelor's degree in business, finance, economics, or another related subject. You may need to earn a graduate degree to have more job opportunities and make more trades and money. Often employers prefer higher degrees. You will also need at least five years of experience in the financial market to be successful.
An equity trader can make an average base salary of $205,000. Also, you can add commissions to your base salary and your pay per year goes higher.
- Average Salary: $101,759
- Degree: Bachelor's Degree
Commodity Trader
Role:
A commodity trader is an individual or business that buys and sells different commodities, including gold, oil, produce, and natural gas, just to name a few. Economic trends, market fluctuations, or arbitrage opportunities usually determine the buying and selling activities of this type of trader.
The main duties of a commodity trader are monitoring international market performance, buying and selling at prices that meet their clients' needs, providing investment advice to clients, analyzing market reports, and developing hedging strategies. A commodity trader's tasks may also include visiting international shippers and researching new business opportunities that they may come across.
This role typically entails at least a bachelor's degree, usually in finance, business, economics, and other related majors. Additionally, a commodity trader must have substantial knowledge of trading techniques, market conditions, and international trading to be successful in this role.
The average yearly salary of a commodity trader is $92,000. Traders can make even more money by making the right calls in buying and selling, as well as securing high-value clients.
- Average Salary: $93,220
- Degree: Bachelor's Degree
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States With The Most Day Trader Jobs
Number Of Day Trader Jobs By State
Rank | State | Number of Jobs | Average Salary |
---|---|---|---|
1 | Illinois | 151 | $106,137 |
2 | California | 135 | $98,162 |
3 | New York | 121 | $150,416 |
4 | Michigan | 104 | $116,898 |
5 | Ohio | 89 | $114,443 |
6 | Florida | 83 | $97,315 |
7 | Massachusetts | 79 | $102,673 |
8 | Pennsylvania | 75 | $95,334 |
9 | Missouri | 72 | $104,934 |
10 | Indiana | 72 | $83,119 |
11 | Texas | 67 | $113,514 |
12 | Georgia | 58 | $110,782 |
13 | Virginia | 51 | $94,643 |
14 | Washington | 48 | $87,423 |
15 | North Carolina | 36 | $100,167 |
16 | Arizona | 34 | $92,358 |
17 | Wisconsin | 34 | $84,672 |
18 | Oklahoma | 30 | $110,590 |
19 | Minnesota | 29 | $106,105 |
20 | New Jersey | 29 | $102,808 |
21 | Maryland | 27 | $101,744 |
22 | Colorado | 27 | $77,451 |
23 | Connecticut | 25 | $128,844 |
24 | South Carolina | 24 | $104,907 |
25 | Tennessee | 23 | $91,083 |
26 | Kentucky | 17 | $104,525 |
27 | Oregon | 16 | $91,614 |
28 | Iowa | 15 | $94,664 |
29 | Nebraska | 11 | $84,764 |
30 | Rhode Island | 10 | $135,645 |
31 | Kansas | 10 | $91,327 |
32 | Nevada | 9 | $131,728 |
33 | Louisiana | 8 | $113,305 |
34 | Utah | 8 | $99,829 |
35 | Alabama | 7 | $78,147 |
36 | Delaware | 6 | $131,339 |
37 | New Mexico | 6 | $116,272 |
38 | Maine | 6 | $101,264 |
39 | North Dakota | 5 | $89,740 |
40 | Idaho | 5 | $85,433 |
41 | Vermont | 3 | $100,597 |
42 | New Hampshire | 2 | $135,890 |
43 | Wyoming | 2 | $98,333 |
44 | Montana | 2 | $99,418 |
45 | South Dakota | 2 | $94,691 |
46 | Mississippi | 2 | $96,288 |
47 | Alaska | 2 | $89,557 |
48 | West Virginia | 1 | $115,015 |
49 | Arkansas | 0 | $98,654 |
50 | Hawaii | 0 | $100,497 |
Day Trader Education
Day Trader Degrees
Bachelors
67.5
%
Associate
13.4
%
Masters
9.9
%
Top Colleges for Day Traders
1. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
2. Northwestern University
Evanston, IL • Private
In-State Tuition
$54,568
Enrollment
8,451
3. University of Southern California
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
4. SUNY at Binghamton
Vestal, NY • Private
In-State Tuition
$9,808
Enrollment
13,990
5. Villanova University
Villanova, PA • Private
In-State Tuition
$53,308
Enrollment
6,819
6. San Diego State University
San Diego, CA • Private
In-State Tuition
$7,488
Enrollment
30,018
7. Bentley University
Waltham, MA • Private
In-State Tuition
$49,880
Enrollment
4,177
8. Boston University
Boston, MA • Private
In-State Tuition
$53,948
Enrollment
17,238
9. SUNY Stony Brook
Stony Brook, NY • Private
In-State Tuition
$9,625
Enrollment
17,407
10. New York University
New York, NY • Private
In-State Tuition
$51,828
Enrollment
26,339
Top Skills For a Day Trader
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.7% of day traders listed technical analysis on their resume, but soft skills such as analytical skills and customer-service skills are important as well.
Day Trader diversity
Day Trader Gender Distribution
Male
91%
Female
10%
After extensive research and analysis, Zippia's data science team found that:
- Among day traders, 9.5% of them are women, while 90.5% are men.
- The most common race/ethnicity among day traders is White, which makes up 66.3% of all day traders.
- The most common foreign language among day traders is Spanish at 36.4%.
Online Courses For Day Trader That You May Like
Advertising Disclosure The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
1. Technical Analysis Mastery Stock Trading, Forex, Investing
4.8
(2,458)
Learn Technical Analysis for Stock Trading, Investing, Forex, Cryptocurrency, Day Trading, Stock Market...
2. Technical Analysis Beginners Guide for Stock Trading & Forex
4.9
(461)
4-course bundle - Fibonacci / Ichimoku Trading / Day Trading Strategies + Technical Analysis for trading stock & forex...
3. Stock Market Trading: The Complete Technical Analysis Course
4.5
(2,332)
Stock Market Technical Analysis, Day Trading, PT Technical Analysis Trading, Candlestick, Options, Swing Trading, Chart...
Job type you want
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Part Time
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How Do Day Traders Rate Their Jobs?
Top Day Trader Employers
Most Common Employers For Day Trader
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Cost Plus World Market | $145,292 | $69.85 | 2 |
2 | Homes.com | $130,082 | $62.54 | 2 |
3 | SMC | $128,088 | $61.58 | 2 |
4 | TD Ameritrade | $126,172 | $60.66 | 6 |
5 | Charles Schwab | $125,661 | $60.41 | 4 |
6 | Forex | $121,863 | $58.59 | 6 |
7 | Opportunity International | $121,300 | $58.32 | 2 |
8 | T3 Trading Group | $118,945 | $57.19 | 5 |
9 | SogoTrade | $118,640 | $57.04 | 2 |
10 | Tower Hill Trading | $118,634 | $57.04 | 8 |
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Day Trader Videos
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What Similar Roles Do
- What Does a Commodity Broker Do
- What Does a Commodity Trader Do
- What Does an Energy Derivatives Trader Do
- What Does an Equity Trader Do
- What Does a Foreign Exchange Trader Do
- What Does a Futures Trader Do
- What Does an Options Trader Do
- What Does a Proprietary Trader Do
- What Does a Securities Trader Do
- What Does a Senior Energy Trader Do
- What Does a Trader Do
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Updated April 6, 2023