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Old Apr 19th, 2006, 06:01 PM   #1
BudFoxx
 
 
Join Date: Jul 2003
Posts: 231
Whats the avg salary with yr experience trading for one of the big banks?
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Old Apr 19th, 2006, 06:01 PM   #2
BudFoxx
 
 
Join Date: Jul 2003
Posts: 231
trader monthly had some big #'s, but what do the avg make or whats the range?
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Old Apr 19th, 2006, 06:08 PM   #3
acrary
 
 
Join Date: Apr 2002
Location: Primary home in WY also NE and FL
Posts: 730
Trader's don't get a salary. Just a draw against anticipated profits. Support staff get salaries. Is that what you meant?
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Old Apr 19th, 2006, 06:11 PM   #4
BudFoxx
 
 
Join Date: Jul 2003
Posts: 231
average trader's payout
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Old Apr 19th, 2006, 06:17 PM   #5
Surdo
 
 
Join Date: Sep 2005
Posts: 4,539
A trader gets paid a salary on an IB desk.
Usually $100K for someone with a few years experience plus a few hundred bonus. If you are a top trader you might make 7 figures. It all depends. Times are a bit leaner these days compared to the 90's.
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Old Apr 19th, 2006, 06:27 PM   #6
acrary
 
 
Join Date: Apr 2002
Location: Primary home in WY also NE and FL
Posts: 730
If you're a risk bearing trader the total comp. is negotiated between the Sr. MD for the desk and the trader. A dollar allocation will be made for the trader with a expected return net of all expenses. Based on the amount of the allocation, the trader can be paid peanuts 100-300k or serious money 15-25 mill.
But as usual...no performance...no pay.

The non-risk bearing positions have salary and bonus pools but never really make the serious money.

Here's some of those:

http://www.careerjournal.com/salaryh...tment-tab.html
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