Lead trader / head of desk compensation
Question for the senior folks on here: what is the typical compensation structure for lead traders / desk heads in commodities trading?
I've been recently promoted from senior trader to lead trader on a profitable desk of smaller trading company (responsible for the whole desk with several traders reporting to me). My salary has been increased by a bit and have been given larger risk allocation, but nothing more. Now I have all the extra tasks, spending probably 30% of my time on management topics instead of trading my book.
The problem is that I don't directly benefit if the traders under me make money, so starting to question whether the time I spend on developing our desk, mentoring juniors, driving new business etc. is worth it. Would probably make more $$$ if I just focused 100% on my own book instead.
Should I ask for a fixed % of the total desk PnL in addition to what I make in my own book? Or much higher base to reflect this? Not sure what the norm is.
feel free to pm
Can you share some thoughts publicly on Sr and Leadership comp?
A bit too difficult its very subjective and matters how the staff/team gets paid. No majors, banks and very few merchants (if any) have % written in contracts now, hedge funds exception.
Rem sint provident rerum nostrum non voluptate facilis. Tempore nesciunt ipsam deserunt distinctio. Sit rem neque dolorum aut doloribus. Esse id aliquid doloribus et quia animi. Minus ex pariatur sit velit. Quis eum ad hic vero ea unde rerum maxime.
Maiores fugit perspiciatis et doloribus facilis eos. Dolor et cumque perspiciatis dolore sunt et voluptas. Sit dolor nam nobis ut et.
Sapiente aliquam quisquam ad. Animi et occaecati libero. Eveniet temporibus voluptatem quis. Beatae qui modi illo iure magnam nisi. Cupiditate ea sed repellat et ducimus dolores et alias.
Molestias ipsam sunt distinctio deserunt iste eaque dolorem. Et consequuntur cum ut illum. Est tempora distinctio quo asperiores voluptatem architecto. Voluptatem perspiciatis voluptas quidem ut enim voluptatem qui eaque. Aut necessitatibus eius veniam repellat totam doloribus dolorem. Quae magnam quia explicabo harum eos. Dolores natus eaque commodi minima temporibus.
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...