Trader Salaries in Minneapolis-St. Paul, MN, United States
US$100K - US$187K/yr
3,383 salaries
in Minneapolis-St. Paul, MN, United States
View as data table
What is the salary trajectory for a Trader?
| Job title | Salary |
|---|---|
| Trader | US$236,304 /yr |
| Senior Trader | US$318,433 /yr |
| Lead Trader | US$188,809 /yr |
What are some related job titles for a Trader?
Hedge Fund
US$88,787
per year
Assistant Trader
US$88,112
per year
Commodities
US$110,091
per year
Commodity Trader
US$138,029
per year
in Minneapolis-St. Paul, MN, United States
View as data table
What is the salary trajectory for a Trader?
| Job title | Salary |
|---|---|
| Trader | US$236,304 /yr |
| Senior Trader | US$318,433 /yr |
| Lead Trader | US$188,809 /yr |
Salaries in Minneapolis-St. Paul, MN, United States
Location
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- Salary: high to low
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Average Base Salary in (USD)
Range
US$120K
US$216K
US$119,589 - US$215,706 Range
US$110K
US$203K
US$110,410 - US$202,532 Range
US$125K
US$228K
US$125,356 - US$228,142 Range
US$151K
US$281K
US$150,726 - US$280,842 Range
US$82K
US$151K
US$81,701 - US$151,446 Range
US$99K
US$181K
US$98,672 - US$180,875 Range
US$110K
US$198K
US$109,587 - US$198,181 Range
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US$116K
US$204K
US$115,535 - US$203,985 Range
US$119K
US$209K
US$119,221 - US$209,432 Range
US$135K
US$245K
US$134,951 - US$245,181 Range
US$108K
US$198K
US$108,275 - US$197,655 Range
Trader in Minneapolis-St. Paul, MN, United States Salaries
Frequently asked questions about a Trader salaries
The average salary for a Trader is US$236,304 per year in Minneapolis-St. Paul, MN, United States. Salaries estimates are based on 3383 salaries submitted anonymously to Glassdoor by a Trader employees in Minneapolis-St. Paul, MN, United States.
The highest salary for a Trader in Minneapolis-St. Paul, MN, United States is US$330,826 per year.
The lowest salary for a Trader in Minneapolis-St. Paul, MN, United States is US$177,228 per year.
Traders can earn extremely high pay, earning compensation that make them into millionares. Self-employed traders face unlimited upside if they chose to invest in a security and its value rises significantly. Alternately, they can lose their investment entirely. Traders working for financial services firms, such as Wall street banks, typically earn starting salaries on par with financial analysts and then receive performance-based bonuses.
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Based on anonymous reports from active traders on Glassdoor, 73% are satisfied with their current salary. Typically, traders with a bachelor's degree and eight or more years of experience can also receive $102,557.25 in additional compensation such as bonuses, commissions, profit sharing, and tuition reimbursement.
Advancing your trader career within a firm is one of the most common ways traders start earning more pay. Another option is to continue your education and earn a master's degree in economics to increase the value you bring to your team. Expand your trading options through additional FINRA licenses, such as a Series 63 to sell in specific states or a Series 65 to offer financial advice to clients for additional pay. Once you have a strong history of successful trading, you can set aside capital or seek out investors to start your own investment firm.
Salary negotiations are part of accepting any trader job, whether it's with a new company or an internal promotion. It's important to stick to talking points highlighting the value you create for your company, such as additional licenses you've obtained or high-performing client portfolios. Remember to also check the current pay offered on active job postings to see where current salaries lie. Use this to approach your negotiation with something simple such as "I've found positions that match my experience and skills are currently paying this amount," to show you understand the market trader salary rate.
About 73.33% of Trader professionals feel satisfied with their salary, according to anonymous Glassdoor ratings. An additional $102,557 in potential pay per year, among other factors, can qualify the annual pay of a Trader in Minneapolis-St. Paul, MN as a good salary.
Trader professionals in Minneapolis-St. Paul, MN have a wide total pay range, between $137,057 and $432,437 depending on experience, with an estimated total pay of $236,304 following the average career path of a Trader.