EU Junior Power Trader comp
I know there are many posts regarding power trading, and I have tried to comb through them to ascess what I can reasonably except as a Junior Power trader in EU. So far the only concrete number I have seen is 75k, but this was from some years ago so not sure if it still holds. I apologise if I have overlooked any other figures and hope this is not redundant.
This will be a graduate position. I am expecting the offer shortly and will be weighing this against a more typical grad finance offer where salary consists of base + discretionary bonus (some % of base). I would therefore love any colour on how many months of training I should expect (this will of course be at the discretion of my boss, but a rough range would be appreciated), % of PnL when I am trading, and a base salary.
Thank you very much in advance.
It varies a lot and depends on many factors. Location, type of company, your exact role etc.
Without knowing any details, very rough guide based on the salary benchmark reports from headhunters I've seen lately for junior traders in western Europe is 70-125k base. Bonus structure again depends on many things - for asset backed traders (e.g. within a utility, no spec activity) it is often a % of base salary (30-200%), for traders running their own risk but working within an asset based system, it is around 5-10% of their net P&L, and for purely speculative traders and asset light firms, can be even as high as 10-30% of net P&L. For fresh graduates, I'd expect something on the very low end of these bonus ranges.
Of course there are many exceptions and I've seen numbers deviating in both directions, so really depends on all the factors mentioned above.
Magnam sit quia odit non rerum delectus. Aliquam sunt nihil quae et libero eos est.
Voluptas qui ea modi quidem laborum quae. Placeat vel maiores fugit a. Rerum voluptatem pariatur voluptas nostrum suscipit dolore id debitis. Repellat nulla pariatur perferendis.
Itaque qui ut optio aperiam. Eum eos fuga veritatis magni. Et labore aut non voluptatem. Quaerat eum atque sed quibusdam error alias explicabo est.
Fugiat fugiat enim velit assumenda corporis aut. Ratione et aut at impedit. Veritatis aliquam quia unde vel laudantium deserunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...