Junior Trader Job Description

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Author: Albert
Published: 22 Jan 2020

Trader's key pressed F9, Hiring a Junior Data Analyst, A Computer Scientist, The Benefits of Junior Trading, The Careers of Junior Trader and Investment Bankers and more about junior trader job. Get more data about junior trader job for your career planning.

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Trader's key pressed F9

Job candidates can submit their applications directly on the career opportunities page of corporate websites, where they can find training programmes for young graduates to become traders, sales people, structuring people and analysts, in short, the firm's future managers. Market making is the least interesting and repetitive task of the 10% that is spent on it. The trader uses an excel spreadsheet with the "pricer" functions invented by quantitative research to correspond to the market and then pushes the F9 key each time a client asks for a price.

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Hiring a Junior Data Analyst

Junior data analysts work in various sectors of the economy because they depend on data to make sound decisions and thrive. If you are a HR manager or a shiring agency looking to hire a junior datanalyst, you need to make a detailed description of the job to help interested persons understand the duties and responsibilities of the job.

A Computer Scientist

The junior accountant is responsible for preparing financial statements and reporting. The ideal candidate will be well-versed in accounting principles and be able to work comfortably with numbers and attention to detail.

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The Benefits of Junior Trading

Junior traders work for large firms. Junior traders don't need to have any education to become one. Junior traders are often assisting senior traders.

The junior trader is taught the job details by the senior trader. Most junior traders have college degrees, which is not required. Junior traders don't have stock market experience.

Some firms and funds hire people with no college degree. College degrees in unrelated fields may help improve an applicants chances of being hired. The preferred applicants are usually people with years of experience.

Junior traders earn between $40,000 and $55,000 a year. A junior trader's salary is dependent on their experience. Junior traders may get bonuses or raises after years of experience.

The Careers of Junior Trader and Investment Bankers

A junior trader is a person who works for an investment bank. Senior traders are assisted in executing trades by many people. Tracking and reporting trades and price fluctuations are some of the duties of a junior trader.

An aspiring trader may choose to trade his or her own capital in order to establish a positive trading record, as an alternative to working for a prestigious investment bank. Junior traders can be trained by investment banks to present their investment strategy to potential investors. The presentation skills gained by the trader will allow him or her to understand the core business model of the firm.

The trader will often be responsible for trading a small amount of investment capital. Senior traders help the trader execute the firm's investment strategies. Junior traders can be promoted to senior traders after establishing a successful trading record.

Junior traders are very competitive and anyone considering a career investment banking will need to have a formal education. A bachelor's degree in finance, accounting, or business is required for most traders. Individuals who want to move up the corporate hierarchy will often have a master's degree in business administration.

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Trading Assistants

There are many ways to enter the world of commodities trading. Junior trading jobs give you the chance to learn how to be the best trader through close contact with experienced traders. As a trading assistant you will be learning your craft through carrying out tasks, which initially may be mundane, but will eventually lead to gaining a full and valuable understanding of the world of trading. The support of traders on the floor will be the core of your work.

Why a Conference is Better than an Event: A Case Study

Local meet ups are more cost-effective than conferences for junior developers. If your company finances your trip, go for it. Don't expect to benefit from conferences as a junior developer.

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Energy Traders

An energy trader is a finance professional who facilitates deals between buyers and sellers of energy assets like natural gas, liquid gas, oil, petroleum and shares of the energy grid. They can be fast-paced as they track prices, predict trends and follow national and international news that might affect the energy market. Energy traders can work for companies that trade in energy.

Energy traders help arrange deals and maximize delivery and cost for maximum profit at oil refinery locations. A trading floor can be used to involve anything from crude oil purchases to the later sale of processed product. Some companies seek traders with non-financial background.

A major in petroleum engineering can help you get a job with an energy company after you graduate. Before pursuing the role of energy trader, you need at least a year of experience. Try to get experience with the product.

Midstream jobs, which include jobs handling petroleum resources after purchase and during processing, can give you an understanding of how companies trade and why. If you work as an engineer on an oil rig or a frack site, you can understand how the market interacts with oil production. Engineers at refineries blend different grades of product to maximize profit.

You can also apply for roles in finance and logistics. An energy company uses a scheduler to manage their oil assets. A junior trader position can help you learn the ropes.

Fixed Income Traders: Experience, Qualification and Experience

The investment and financial industries rely on traders. They are usually in charge of executing both buy and sell orders for themselves or for their clients. They provide a lot of the market's liquidity because they deal with high volumes.

A fixed income trader is a financial professional who executes security trades on behalf of institutional and retail clients based on equity research relating to fixed income investments. They work for banks. Fixed income traders are hired by institutions that attract investment clients.

The fixed income trader draws from knowledge on specific markets to develop a trading strategy that responds to trends in the current market to act on both the sell side and buy side. They work with a variety of instruments. Employees are expected to work with analysts and portfolio managers to develop and monitor assessments of portfolio risk.

Fixed income trader reports influence trading decisions. The fixed income trader needs to be aware of the future movements of prices due to supply and demand trends. To be well-versed in the sector, a fixed income trader is expected to maintain or develop relationships with research analysts.

Fixed income traders must keep up to date with market trends, economic news and conditions in order to keep their clients informed about the direction of their investments. Fixed income traders usually have a bachelor's degree in finance, business administration, economics, mathematics, computer science, or a related field. Some firms may only hire candidates with finance degrees.

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The Challenge of Finding a Price in the Hedge Fund Career

Many people are drawn to the hedge fund career path because of the money, even junior-level employees can earn up to $1 million. The challenge is similar to what traders at investment banks deal with, they must split up larger orders and find buyers and sellers in a way that avoids price fluctuations.

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