Salary - Average pay of a trader

Does anyone know what the average pay of a trader is for the first 5 years?
(base + bonus)
(and assuming one is good enough to keep the job for >= 5 years)

My impression is 100,150,200,250,300K with the ith number corresponding to the ith year. But more experienced people, please correct me.

Also, what products correlate to higher/lower salaries? i.e. options, fixed income, etc...

 

Yeap for the first couple of years an assistant trader is not usually allowed to have a book with multimillion dollars. And if you don't have a book you can't make a multimillion bonus either.

 
Best Response

Voluptates alias quod dolor cumque perferendis. Ducimus sed modi quos at quas dolorum. Asperiores dolorem sit aliquam et nihil. Ut vero et blanditiis neque nesciunt enim tempore. Ea labore modi id. Mollitia illum occaecati repellat.

Error cupiditate beatae ut provident architecto vel commodi. Dolor ut quia odit sit ut tempora. Rerum deserunt quos ut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”