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Trader Salary (October 2022) – Zippia

Updated August 22, 2022

$90,179yearly

To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More

$43.36 hourly

Entry level Salary

$56,000

yearly

$56,000

10 %

$90,179

Median

$144,000

90 %

How much does a Trader make?

Traders make $90,179 per year on average, or $43.36 per hour, in the United States. Traders on the lower end of that spectrum, the bottom 10% to be exact, make roughly $56,000 a year, while the top 10% makes $144,000.

Location impacts how much a trader can expect to make. Traders make the most in New York, New Hampshire, Rhode Island, Nevada, and Delaware.

Highest Paying State

New York

Highest Paying City

White Plains, NY

Highest Paying Company

The Citadel

What Am I Worth?

Highest Paying State

New York

Highest Paying City

White Plains, NY

Highest Paying Company

The Citadel

What Am I Worth?

Highest Paying States For Traders

The darker areas on the map show where traders earn the highest salaries across all 50 states.

• State View
• County View

Average Salary:

Trader average salary by State

Rank	State	Avg. Salary	Hourly Rate	Job Count
1	New York	$120,415	$57.89	227
2	Delaware	$107,010	$51.45	21
3	West Virginia	$90,058	$43.30	21
4	Rhode Island	$113,200	$54.42	8
5	Connecticut	$102,420	$49.24	31
6	Nevada	$112,738	$54.20	13
7	District of Columbia	$103,407	$49.71	17
8	Ohio	$89,916	$43.23	81
9	New Hampshire	$113,348	$54.49	8
10	New Jersey	$96,942	$46. 61	66
11	Texas	$88,516	$42.56	151
12	Hawaii	$100,098	$48.12	7
13	Wyoming	$84,359	$40.56	6
14	Georgia	$88,364	$42.48	73
15	Michigan	$92,295	$44.37	32
16	New Mexico	$93,556	$44.98	5
17	Louisiana	$87,575	$42.10	21
18	Oklahoma	$88,084	$42.35	13
19	Alaska	$83,638	$40.21	7
20	Vermont	$81,956	$39.40	8
21	Montana	$85,129	$40.93	7
22	South Carolina	$83,039	$39.92	33
23	Arkansas	$79,553	$38. 25	22
24	Missouri	$86,748	$41.71	23
25	Illinois	$81,159	$39.02	132
26	South Dakota	$78,977	$37.97	8
27	Massachusetts	$84,436	$40.59	68
28	Kentucky	$83,061	$39.93	17
29	Maine	$82,051	$39.45	9
30	North Carolina	$77,969	$37.49	98
31	Utah	$82,933	$39.87	17
32	Minnesota	$83,991	$40.38	29
33	Mississippi	$74,647	$35.89	23
34	Iowa	$77,439	$37.23	25
35	Maryland	$80,492	$38.70	53
36	Nebraska	$70,580	$33. 93	32
37	California	$83,061	$39.93	140
38	Pennsylvania	$76,596	$36.83	63
39	Tennessee	$73,209	$35.20	34
40	North Dakota	$72,873	$35.04	5
41	Oregon	$79,142	$38.05	12
42	Kansas	$75,899	$36.49	9
43	Idaho	$72,125	$34.68	11
44	Arizona	$75,465	$36.28	24
45	Florida	$71,535	$34.39	101
46	Alabama	$61,319	$29.48	35
47	Virginia	$73,331	$35.26	47
48	Washington	$75,529	$36.31	21
49	Colorado	$65,140	$31. 32	42
50	Indiana	$65,288	$31.39	35
51	Wisconsin	$66,176	$31.82	27

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Highest Paying Cities For Traders

Rank	City	Avg. Salary	Hourly Rate
1	White Plains, NY	$121,527	$58.43
2	Las Vegas, NV	$112,415	$54.05
3	Stamford, CT	$101,860	$48.97
4	Jersey City, NJ	$97,299	$46.78
5	San Antonio, TX	$90,008	$43.27
6	San Francisco, CA	$88,158	$42.38
7	Atlanta, GA	$88,103	$42.36
8	Saint Louis, MO	$87,776	$42.20
9	Cincinnati, OH	$84,972	$40.85
10	Boston, MA	$84,642	$40.69
11	Minneapolis, MN	$83,955	$40.36
12	Salt Lake City, UT	$82,284	$39.56
13	Evanston, IL	$81,816	$39. 33
14	Baltimore, MD	$80,995	$38.94
15	Raleigh, NC	$79,543	$38.24

Trader Salary Details

Average Trader Salary Graph, Trends, and Summary

What is a Trader’s Salary?

Average Salary By Related Titles

Job Title	Annual Salary	Monthly Salary	Hourly Rate	Job Openings
Finance Service Advisor	$50,706	$4,225	$24. 38	118,612
Finance Representative	$41,765	$3,480	$20.08	124,645
Foreign Exchange Trader	$115,133	$9,594	$55.35	17,829
Hedge Fund Trader	$117,549	$9,796	$56.51	12,689
Commodity Trader	$93,220	$7,768	$44.82	10,906
Options Trader	$110,139	$9,178	$52.95	1,433

Here are the five companies hiring the most now:

1. The Citadel Jobs (72)
2. Citi Jobs (58)
3. Bunge Jobs (21)
4. Virtu Financial Jobs (20)
5. Geneva Trading Jobs (15)

Which Companies Pay Traders The Most?

According to our most recent salary estimates, The Citadel and CITGO Petroleum are the highest paying companies for traders.

Trader Salary Trends

Average Trader Salary Over Time

Compare salaries for individual cities or states with the national average.

Recently Added Trader Salaries

Trader Salaries FAQs

What state pays Traders the most?

New York pays Traders the most in the United States, with an average salary of $120,415 per year, or $57.89 per hour.

How do I know if I’m being paid fairly as a Trader?

You know if you are being paid fairly as a Trader if your pay is close to the average pay for the state you live in. For example, if you live in New Hampshire you should be paid close to $113,348 per year.

What type of Trader gets paid the most?

Hedge Fund Trader gets paid the most. Hedge Fund Trader made a median salary of $117,549. The best-paid 10 percent make $156,000, while the lowest-paid 10 percent make $88,000.

How much do entry-level traders make?

Entry-level traders make anywhere from $45,507 to $195,929 per year. The average salary for an entry-level trader is $96,476 a year. Factors such as location and company impact how much an entry-level trader can make.

How much do traders earn?

Traders earn $102,048 a year, on average. However, there is a considerable range in the earning potential of a trader, starting from as little as $55,000 a year to as much as $190,000 a year. A select few traders earn over a million a year. Factors such as location and company impact how much a trader can earn.

How much does the average Wall Street trader earn?

The average Wall Street trader earns $134,571 a year, but there’s a vast range of salaries ranging from $17,415 to $458,570 a year. Where you fall along this very large pay scale as a Wall Street trader largely depends on the number of years of experience you have.

How much does the average professional trader make?

The average professional trader makes $61,225 a year ($29 an hour). However, there is a considerable range and how much a professional trader can make, starting from as little as $34,000 a year to as much as $190,000 a year. Factors such as location and position impact how much a professional trader can make.

Have more questions? See all answers to common sales questions.

Search For Trader Jobs

Updated August 22, 2022

Highest-Paying Trade Jobs No Bachelor’s Degree

By Michael d’Estries and SkillPointe Editorial Team

Updated October 8, 2021

For decades, earning a bachelor’s degree has been seen as the golden ticket to achieving the American Dream, a kind of cure-all checkbox that guarantees economic success. 

The reality is far less rosy for recent graduates. According to a recent National Association of Colleges and Employers (NACE) salary survey, the general average salary for college graduates is about $50,000 per year. The average student loan debt? A staggering $37,693.

The alternative to college for those looking to secure financial stability fast and without incurring massive debt is the multitude of high-paying skilled trade jobs available. Careers in plumbing, electrical, healthcare, IT and more not only pay extremely well, but are also in high demand. According to the Georgetown Center on Education and the Workforce, there are at least 30 million jobs in the U.S. that pay more than $55,000 per year and don’t require a bachelor’s degree. 

“I’ve been doing this for going on 30 years now, and in those 30 years I’ve seen a constant need,” licensed plumber Mary Thompson, COO of home services platform Neighborly, told CNBC. “It’s a great place for people to earn a good living … [and] a skill that is recession and pandemic resistant.”

Below are just a few skilled trade jobs across the U.S. that are both in high demand and feature a median salary above $50,000 — no four-year college degree required. 

RELATED: Download SkillPointe’s Free Guide to Finding a Skilled Trade Career

Plumbing isn’t just a lucrative skilled trade; it’s a skill you can turn into a business. (Credit: ALPA PROD/Shutterstock)

Plumber (Salary: $56,117*)

Plumbers install, maintain and replace everything from gas and water lines to kitchen and bathroom fixtures. While the job may include unpredictable hours on both nights and weekends, it also comes with a high degree of independence, income stability and flexibility.

• Learn how to become a plumber
• Find plumbing trade schools and training

Electrician (Salary: $56,763)

Electricians plan electrical systems, inspect and maintain circuit breakers and transformers, and install/repair wiring, fixtures and fuse boxes. One of the few career paths with paid on-the-job training, electricians often learn their trade via apprenticeships lasting anywhere from four to five years.

• Learn how to become an electrician
• Find electrician training programs

Pipefitter/steamfitter (Salary: $55,162)

Pipefitters or steamfitters take advanced blueprints for residential, commercial and industrial construction piping systems and turn them into reality. Skills utilized by established craftsmen include cutting, threading or hammering pipes to specifications, as well as assembly through welding, soldering or threading joints.  

• Learn how to become a pipefitter or steamfitter
• Find local pipefitter or steamfitter training options

Civil Engineering Technician (Salary: $53,887)

Employed by engineering firms and government agencies, civil engineering technicians assist with the design of commercial, industrial and residential infrastructure projects. Responsibilities include analyzing blueprints, estimating costs, evaluating site conditions and ensuring projects meet design specifications and codes. 

• Learn how to become a civil engineering technician
• Find civil engineering tech training

A mechanic who knows his way around heavy equipment is invaluable in the field. (Credit: Virrage Images/Shutterstock)

Heavy Equipment Mechanic (Salary: $55,452)

The heavy equipment mechanic is responsible for the inspection, maintenance and repair of excavators, cranes and other large vehicles used in construction, farming, mining and transportation. Often skilled in the use of computerized tools to diagnose problems, these mechanics are also extremely detail-oriented and knowledgeable in engine components and systems. 

• Learn how to become a heavy equipment mechanic
• Find heavy equipment mechanic trade schools

Dental Hygienist (Salary: $77,306)

If you’ve ever spent time in a dentist’s chair, it’s likely the majority of your visit was in the care of a dental hygienist. Skilled in preventative oral care and working under the supervision of a dentist, dental hygienists clean teeth, take X-rays, examine mouths for disease, and provide advice on good oral health.

• Learn what it takes to become a dental hygienist
• Find local dental hygienist training programs

Medical Sonographer (Salary: $62,923)

Medical sonographers are trained in the application of specialized equipment that utilizes high-frequency sound waves to generate images of structures within a patient’s body. These sonograms (or ultrasounds) are used in everything from gauging the health of a fetus to assisting cardiovascular and vascular technologists examine specific areas of the body. 

• Learn about becoming a diagnostic medical sonographer
• Find diagnostic medical sonographer training near you

MRI Tech (Salary: $74,655)

MRI technicians operate a magnetic resonance imaging (MRI) scanner to create complex 3D scans of a specific part of a patient’s body. This job is perfect for those who communicate well and enjoy a fast-paced environment. The role is often based in hospitals, radiology centers or outpatient care centers. 

• Learn how to become an MRI tech
• Find MRI tech training programs

Talented radiology technicians and technologists are in demand. (Credit: Juice Flair/Shutterstock)

Radiology Tech (Salary: $61,910)

Radiology technicians perform diagnostic imaging procedures, such as X-rays and computed tomography (CT) scans, to look inside the human body. Working closely with physicians, they typically operate out of hospitals or doctors’ offices. 

• Learn how to become a radiology tech
• Find radiology tech school programs

Cardiovascular Tech (Salary: $58,469)

Cardiovascular technicians operate special imaging equipment to diagnose heart and blood vessel problems. Working closely with doctors and surgeons, these detail-oriented techs manage everything from electrocardiograms (EKGs) to cardiovascular ultrasounds to help map a complete picture of a patient’s heart. 

• Learn more about being a cardiovascular tech
• Find cardiovascular tech training programs

Respiratory Therapist (Salary: $62,844)

Using a variety of tests to measure both lung capacity and blood oxygen levels, respiratory therapists develop plans to help treat diseases of the lungs and airways. An excellent fit for those who enjoy helping others and communicate well, the position is often located in hospitals, pulmonary rehabilitation clinics, and diagnostic laboratories.  

• Learn how to become a respiratory therapist
• Find respiratory therapist training near you

Electronics or Electrical Engineering Technician (Salary: $67,439)

Have a knack for designing, developing, testing and repairing electronic components? Electrical and electronics engineering tech, working under the supervision of an electrical engineer, help create everything from electrical control systems to basic circuitry and prototypes. This career is best-suited for those who excel at math and science and have a keen eye for detail. 

• Learn how to become an electronics or electrical engineering technician
• Find electronics or electrical engineering tech training programs

Industrial Engineering Technician (Salary: $57,497)

Industrial engineering technicians use observation and creative thinking to assist industrial engineers with improvements in efficiency and standard operating procedures for a variety of businesses. As the position makes heavy use of charts and diagrams to illustrate workflow, it’s ideal for a candidate skilled in communication and problem-solving and who has good attention to detail. 

• Learn more about being an industrial engineering technician
• Find industrial engineering tech training programs.

Industrial Mechanic (Salary: $55,413)

Industrial mechanics, also called industrial maintenance mechanics, utilize their diverse skill sets to maintain and repair a variety of equipment in commercial and industrial facilities. In addition to being proficient with electronics, these specialized mechanics are also familiar with welding, cutting, and the use of manuals and diagnostic equipment to solve equipment failures. 

• Learn more about becoming an industrial mechanic or industrial maintenance mechanic
• Find industrial mechanic trade schools.

Not everyone grasps technology at the same speed. Those who pick it up quickly should consider becoming IT support specialists. (Credit: fizkes/Shutterstock)

IT Support Specialist (Salary: $52,941)

If you’re someone who people repeatedly turn to for help when their technology fails, you might want to consider a career as an IT support specialist. These technical wizards offer personalized front-line support for everything from hardware issues to network repair. This is a great career for people who are patient, personable and not afraid to explore new technologies.

• Learn more about becoming an IT support specialist
• Find IT support specialist training

Graphic Designer (Salary: $53,572)

Graphic designers have a talent for expressing ideas artistically through brochures, logos, packaging, magazines or other marketing materials. While some use their hands, graphic designers increasingly are skilled in a variety of creative software suites and advanced computer applications that help bring their creations to life. 

• Learn what it takes to become a graphic designer
• Find local graphic design schools

Cable or Fiber Optics Technician (Salary: $61,363)

Cable and fiber optics technicians are critical frontline workers in the effort to improve the speed and reach of broadband communications. Also called cable installers, these technicians are responsible for the design, installation, operation, maintenance and repairs on telecommunication networks. This is an excellent career choice for those who both enjoy working outdoors and are not bothered by heights or confined spaces. 

• Learn more about becoming a cable or fiber optics technician
• Find cable or fiber optic technician training

Aircraft Mechanic (Salary: $66,728)

Aircraft mechanics help keep aircraft flying safely and efficiently by performing a variety of scheduled maintenance and repairs. On-the-job responsibilities include diagnosing problems with mechanical and electrical systems, as well as inspecting all aircraft components from de-icing systems to landing gears. 

• Learn more about becoming an aircraft mechanic
• Find aircraft mechanic school programs

Good communication skills are one of the key traits of successful police officers. (Credit: Photographee. eu/Shutterstock)

Police Officer(Salary: $65,646)

One of the most in-demand professions in the nation, police officers prevent and investigate crimes, enforce laws and respond to emergencies. While writing detailed reports and testifying in court are part of the job description, you’ll also spend a large amount of time outside the office patrolling via foot, car or even horse. 

• Learn how to become a police officer
• Find police officer training

Criminal Investigator (Salary: $85,762)

Criminal investigators, which include specializations in forensic science or a specific type of crime, gather facts and evidence to help solve cases. Depending on a criminal investigator’s role within a police department or federal agency, they may either rely upon computers to track down information or perform case work in the field. 

• Learn how to become a criminal investigator
• Find criminal investigator training near you

Real Estate Appraiser (Salary: $58,582)

Real estate appraisers provide an unbiased, objective estimate of the value of a building and the land it resides on. This in-demand profession, ideal for those with great interpersonal skills and attention to detail, offers critical assistance for those who own or manage property or invest in real estate or land holdings. 

• Learn how to become a real estate appraiser
• Find real estate appraiser training

Power plant operators are a key link between an energy source and the electricity that keeps businesses and homes running smoothly. (Credit: curraheeshutter/Shutterstock)

Power Plant Operator (Salary: $84,287)

Power plant operators manage and maintain equipment required to generate electricity. A growing field thanks to advancements in power generation technology, opportunities now exist for operators to manage equipment fueled by coal, gas, nuclear energy, hydroelectric energy, wind or solar power. 

• Learn more about becoming a power plant operator
• Find power plant operator training

Nuclear Technician (Salary: $84,482)

Nuclear technicians ensure that nuclear reactors and other equipment are operated safely and efficiently. In addition to monitoring radiation levels and performance of nuclear power plant systems, these technicians may also repair and maintain equipment at the facility. 

• Learn how to become a nuclear technician
• Find nuclear technician training

Electric Lineman (Salary: $75,115)

If a job with a view sounds appealing, you might want to consider a career as an electric lineman. Also called power line technicians, these specialists install, maintain and repair electric power lines and other equipment critical to electrical distribution and transmission systems. As most all work is done outdoors and in all conditions, it’s a career best-suited for those who enjoy working outside, pay close attention to detail, and have little fear of heights. 

• Learn how to become an electrical lineman
• Find electric lineman training

*Median salary figures provided by Emsi (economicmodeling.com)

Michael d’Estries writes about innovation, arts, and culture for a variety of outlets.  When he’s not online, Michael runs his large apple farm and honey business in the Finger Lakes region of New York.

Fixed Income Trader: Job Description and Salary

Traders play a very important role in the investment and financial industries. They are generally in charge of executing both buy and sell orders and transactions for themselves or, if they work for an investment firm, for their clients. Because they often deal with high volumes when they trade, they normally provide a great deal of the liquidity in the market.

These professionals work in a variety of areas of the industry. Day traders, swing traders, commodity traders, equity traders, and fixed income traders are some of the different styles of traders that exist. This article covers the basics of fixed income traders. Read on to find out more about what these traders do, their duties, the skills they require, as well as the outlook and salary.

Key Takeaways

• A fixed income trader trades on behalf of institutional and retail clients based on equity research relating to fixed income investments.
• Fixed income traders should be well-versed in fixed income instruments such as bonds or corporate bonds.
• Many employers require fixed income traders to have at least a bachelor’s degree and some working experience.
• Some of the skills fixed income traders need are communications skills, technical skills, and the ability to juggle multiple tasks at the same time.

What Does a Fixed Income Trader Do?

A fixed income trader is a financial professional who executes security trades on behalf of institutional and retail clients based on equity research relating to fixed income investments. They generally work for broker-dealers and banks. Similar institutions that attract investment clients also hire fixed income traders.

The fixed income trader draws from knowledge on specific markets to develop a trading strategy that responds to trends in the current market to enact trades on both the sell side and the buy side. They also work with different instruments such as loans and bonds. Employees are expected to develop and monitor assessments on portfolio risk by collaborating with analysts and portfolio managers. The reports that a fixed income trader writes influence trading decisions.

A fixed income trader may not be responsible for developing trading strategies for a firm equipped with a separate department that handles trading strategies. In this case, the trader’s duties may be tailored to dealing with the execution of trades, maintenance of portfolios, and reporting on portfolio strengths and weaknesses to management. The trades executed may be for the primary or the secondary market.

Product Knowledge

As the term implies, fixed income traders are required to have specific knowledge of certain fixed income instruments such as bonds or corporate bonds. These form the basis of the trader’s knowledge base. Traders also research mortgage-backed securities (MBSs) to execute successful trades. The employee must have an understanding of how these securities draw from pools, use prepayments, and respond to liquidity. The trader may also perform trades on asset-backed securities or commercial MBSs.

The fixed income trader must also have a grasp on the future movements of prices caused by shifting trends of supply and demand. To be keenly attuned to the sector, a fixed income trader is expected to maintain or develop relationships with research analysts.

Along with specific product knowledge, fixed income traders must also keep up to date on and monitor market trends, economic news and conditions in order to keep their clients informed about the direction of their investments.

Experience and Education

Fixed income traders generally have a bachelor’s or master’s degree in finance, business administration, economics, mathematics, computer science, or a related field. Some firms may be looking exclusively to hire candidates with finance degrees.

The average amount of experience most firms look for when filling a fixed income trader position is generally three to five years. Firms looking for a junior position may go lower, while the minimum amount of experience for a senior position tends to be about seven years.

Previous work experience is required for the fixed income trader. Candidates must have a strong knowledge of the securities industry, securities products, and portfolio management theory. They must understand how fixed-income securities are affected by economic conditions such as a nation’s interest rate, the health of its housing market, and future changes in the economy that may affect fixed income instruments.

Licensing

Many firms require that candidates have Series 7 licenses to offer clients investment advice. Some firms also want candidates to hold Series 63 licenses. If a firm does not require a candidate to hold a Series 63 license at the time of hiring, it may require the employee to obtain one within a specified timeframe.

Employers may require fixed income traders without a license to obtain one after a certain period of time after they’re hired.

Understanding the trading regulations and business practices regulations for those who hold a Series 7 is mandatory. A fixed-income security trader needs to act in compliance with these regulations for the protection of clients, the broker-dealer and the trader.

Skills

Along with experience, these professionals must have a great understanding of trading analytics and data analysis, as well as the ability to access the meaning and significance of a large amount of information quickly to promote good decision-making and efficiency.

Communication Skills

Because traders are required to explain concepts to retail and institutional clients in a clear manner, they need to have excellent communication skills and be able to maintain and develop relationships. The trader is expected to work directly with clients to achieve their portfolio goals and maintain desired levels of fixed income from instruments used to generate periodic payments.

If a client is dissatisfied with the results of a portfolio, this trader must be able to communicate the risks of investment and present ideas on solutions to clients’ concerns. The fixed income trader often provides quotes to clients and answers questions on a variety of topics including the functionality of products, why the value of bonds and equities increase or decrease, and the risk level of different fixed-income products in comparison to non-fixed income products.

Juggling Tasks

Since the fixed income trader often oversees multiple projects at once while completing additional research about a given sector or factors affecting investment products, they need to have a high attention to detail and the ability to multitask in a demanding, fast-paced environment. Given the precarious nature of the stock market, the trader must be able to make decisions based on logic and reason rather than emotions in stressful scenarios.

Technical Knowledge

Knowledge of spreadsheets and how to navigate them is required, along with high computer literacy skills for the purpose of research. Knowledge of Microsoft Office is a commonly listed requirement for candidates seeking a position as a fixed-income trader.

Salary

While a fixed income trader’s salary can vary widely depending on geographic location and the hiring firm, Glassdoor estimates place the average salary at $126,890 per year, with a low salary of $65,000 and a high salary of $303,000. Many firms offer a salary plus bonus arrangements, which is included in the aforementioned average salaries.

The bonus arrangement is specific to the hiring company. Many companies offer bonuses based on a derivative of portfolio performance for institutional customers or other performance indicators. According to Glassdoor, the average additional compensation package was about $19,306, which makes up roughly 15% of the average total compensation. These figures were current as of August 2022.

Job Outlook

Investment in fixed-income products is on the rise as an aging workforce looks to retire. Fixed income trader positions will continue to open as more retirees turn to bonds over annuities as a means of supplementing and augmenting income streams to replace former employers. The baby boomer generation that is set to retire was the largest group of workers in the U.S. until 2016, when it was surpassed by the younger millennial generation. Regardless, the baby boomer generation still accounts for a large portion of the workforce and as it nears retirement, demand for lower risk instruments such as bonds and other fixed income products will likely continue driving the need for fixed income traders.

15 Best Jobs for Trade School Graduates

Not every career requires a bachelor’s degree. If you’re considering entering a vocation, check out these popular — and lucrative — trade school jobs.

by
Chinh Ngo

Updated August 24, 2022

Share this Article

• The best trade jobs include radiation therapist, web developer, and wind turbine technician.
• Trade schools teach the technical skills needed to pursue a specific occupation.
• Students who attend trade schools may earn a certificate, diploma, or associate degree.
• Unlike traditional four-year colleges, trade schools don’t require you to take gen ed classes.

For many high school graduates, trade school offers a more affordable and secure path to career entry and professional development than traditional four-year university. Also known as technical colleges and vocational schools, trade schools focus on specialized job training in high-demand fields, assisting students in finding gainful employment.

This guide introduces the best trade jobs, detailing each position’s requirements, earning potential, and general duties and responsibilities. We will also go over the projected growth of these top trade school jobs.

www.bestcolleges.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Ready to start your journey?

Trade School vs. Four-Year College

How exactly does a trade school differ from a 4-year college?

Unlike a traditional four-year university, which provides students with a broad education rooted in the liberal arts and humanities, a trade school trains students in the technical knowledge and skills needed for a specific occupation, such as welding and mechanical repair.

Trade schools can be either public or private, with many operating as for-profit businesses. As you research potential postsecondary schools, be sure to check that the institution has been accredited before applying.

Vocational programs normally range from eight weeks to two years depending on whether you want to earn a certificate, diploma, or associate degree. Graduates may then go on to sit for licensing exams, become apprentices, or seek immediate employment.

Vocational programs normally range from eight weeks to two years depending on whether you want to earn a certificate, diploma, or associate degree.

Popular trade school jobs include plumber, electrician, pharmacy technician, and paralegal. Students can also train to become restaurant cooks and private chefs by enrolling in a culinary arts program, or work as auto mechanics by earning a certificate in fields such as automotive technology, service management, or collision repair/refinishing.

Though many community colleges offer technical programs, students are still required to fulfill general education requirements that enable them to transfer to a four-year college or university. Trade schools, by contrast, only ask learners to complete coursework relevant to their chosen occupation. This focus is ideal for individuals with clearly defined career goals.

The 15 Best Trade School Jobs and Salary

In this section, we introduce 15 of the highest-paying trade school jobs. The numbers included below should give you a clear idea of the different earning potential of these vocations. Note that your actual salary will vary depending on several factors, like location, employer, and your own qualifications.

We also discuss benefits like job security, or how likely an employee is to keep their job over many years and maintain a consistent income. Finally, each career profile includes information on its future growth based on projections from the Bureau of Labor Statistics (BLS).

Source: Bureau of Labor Statistics

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Elevator Installer and Repairer

These technical professionals assemble, maintain, and fix elevators, escalators, moving walkways, chairlifts, and other automotive lifts. They read building blueprints to determine what type of machinery and related components to use before installing and testing the elevator for functionality.

Elevator mechanics typically work as contractors.

In addition to troubleshooting problems, elevator mechanics conduct routine maintenance to ensure compliance with building codes and government safety standards.

Elevator mechanics typically work as contractors for private equipment companies and earn a median annual salary of $88,540. The BLS projects that elevator installation and repair positions will grow 6% through 2030, adding about 1,500 new jobs. To become an elevator installer and repairer, you must complete a four-year apprenticeship.

Radiation Therapist

Working with nurses, physicians, and oncologists, radiation therapists treat serious diseases like cancer. These healthcare workers oversee radiation therapy sessions, using machines like linear accelerators to shrink and destroy cancerous tumors. They also monitor patients during treatment for any negative reactions while adhering to strict safety protocols.

Radiation therapist is one of the best-paying trade jobs.

According to the BLS, radiation therapist positions are projected to grow 9% between 2020 and 2030. These professionals earn a median annual income of $86,850, making radiation therapist the best-paying trade job on this list. Around 65% of therapists work for private, public, or state hospitals; the remainder find employment with doctor offices and outpatient care centers.

Radiation therapists must hold either an associate or bachelor’s degree from a school that has been accredited by the American Registry of Radiologic Technologists. Most states require these practitioners to apply for and maintain government licensure as well.

Web Developer

These IT professionals create websites, designing the overall aesthetic and layout of the pages. Depending on their role, web developers also oversee back-end technical aspects, including the site’s performance speed and traffic capacity. Additionally, they can act as webmasters, updating content, monitoring usability, and fixing issues such as broken links.

Most web developers hold an associate degree in web development.

The BLS projects that web development careers will grow 13% between 2020 and 2030, translating to 25,500 new positions. These professionals earn a median annual salary of $77,200. They can raise their pay, however, by working for software publishers and companies that handle proprietary electronic networks.

While some web developers are self-taught, most hold an associate degree in web development that covers both computer programming and graphic design. To pursue a specialized position in an area like full-stack development or to occupy a management role, you will likely need to have a bachelor’s degree in web development or even a graduate degree.

Dental Hygienist

Dental hygienists help patients maintain good oral health through preventative procedures and hygiene education. They use a variety of hand and ultrasonic tools to remove plaque, tartar, and stains, as well as search for signs of oral diseases like gingivitis and oral cancer. Depending on the state, these professionals can complete additional training to become dental therapists who are equipped to extract teeth and install crowns.

Over 9 in 10 dental hygienists work in dentist offices.

According to the BLS, dental hygienist positions are projected to grow 11% through 2030, adding 23,100 new jobs to the U.S. workforce. Over 9 in 10 dental hygienists work in dentist offices, where they earn a median annual salary of $77,090.

To work as a dental hygienist, you must complete a three-year associate degree program that’s been accredited by the Commission on Dental Accreditation. You must also earn licensure through your state’s board of dental examiners.

Diagnostic Medical Sonographer

Diagnostic medical sonographers assist physicians and surgeons with diagnosing illnesses and other medical conditions and preparing patients for operations. Using imaging machines to produce sonograms and ultrasounds, sonographers help detect and identify abnormalities in the human body. These professionals may specialize in a specific area of the body, such as the heart, blood vessels, female reproductive system, or abdominal cavity.

Sonographers help detect and identify abnormalities in the human body.

The BLS projects that jobs for diagnostic medical sonographers will grow 14% between 2020 and 2030. The average sonographer makes about $70,380 a year, with the potential to earn up to $96,780 by working in an outpatient care center.

Medical sonographers typically hold a technical certificate from a school accredited by the Commission on Accreditation of Allied Health Education Programs. Alternatively, they can earn an associate in sonography, which prepares them for advanced academic training down the road.

Respiratory Therapist

Respiratory therapists support patients with breathing difficulties and cardiopulmonary conditions. As medical professionals, they interview patients before assessing their lung function and conducting other diagnostic tests. They also collaborate with physicians to identify treatment plans, which may include aerosol medications and chest physiotherapy.

Respiratory therapy positions will increase a whopping 23% through 2030.

BLS data projects that respiratory therapy positions will increase a whopping 23% through 2030, translating to 31,100 new jobs. Over four-fifths of respiratory therapists work in hospitals, with most earning about $62,810 per year. Just 1 in 10 of these health specialists makes over $89,170 annually.

Respiratory therapists typically hold an associate degree from a trade college that’s been accredited by the Commission on Accreditation for Respiratory Care. You can also prepare for a career in this field by earning a bachelor’s degree in respiratory therapy.

Electrician

Primarily working for contractors, licensed electricians install and test power-based apparatuses, such as communication networks, control grids, and lighting systems. They analyze blueprints to identify the proper placement of circuits and breakers in buildings. When maintaining an existing system, these professionals identify solutions for fixing hard-to-reach wiring, motors, and other electrical components.

Most electricians do a paid apprenticeship that lasts 4-5 years.

Electrician positions are projected to grow 9% through 2030. These technical professionals earn a median salary of $56,900, with the top 10% making over $98,720 a year. They can also pursue self-employment, installing and repairing electrical systems at residential sites.

Most electricians develop their skills through a paid apprenticeship program that lasts 4-5 years. Upon completion, they are considered journey workers and can apply for licensure through their state electrical licensing board.

Plumber

Professional plumbers install and maintain piping systems that carry liquid and gas in homes, office buildings, and industrial facilities. For residential clients, plumbers conduct inspections and prepare cost estimates for tasks like installing a bathtub and replacing a broken pipe or fixture. Construction plumbers work in teams to ensure a site’s plumbing satisfies building codes and federal standards.

Plumbers need to complete a four-to-five-year apprenticeship.

According to the BLS, jobs for plumbers are projected to grow 5% through 2030, translating to roughly 23,400 new jobs. Nearly two-thirds of plumbers work for a contracting company, earning a median annual salary of $56,330.

To become a plumber, you’ll typically need to complete a four-to-five-year apprenticeship. Many plumbers also hold a certificate or associate degree. Most states require plumbers to apply for licensure before they can work independently.

Wind Turbine Technician

Also known as wind techs, wind turbine technicians oversee the functions of turbines that turn wind energy into electricity. Typical tasks include locating and repairing problems related to the major turbine components, such as the tower, three blades, generator, and brake systems. These technicians may also work with substations, fiber optic controls and sensors, and subterranean transmission systems.

Wind turbine technician is one of the most in-demand green jobs.

Wind turbine technician is one of the most in-demand green jobs, with positions projected to grow a staggering 68% through 2030. Wind techs make a median annual pay of $56,230, with most working on rural wind farms.

To establish a career in this area of sustainability, you’ll need to obtain either a certificate or an associate degree in wind technology. Many employers also require wind techs to complete a year of on-the-job training.

IT Technician

Commonly called computer support specialists, IT technicians work on departmental teams to install and maintain WANs, LANs, and internet networks. They also perform security functions, defending against cyber criminals and recovering stolen digital assets. IT technicians may sometimes occupy a customer support role, teaching people to use new software or hardware and helping them troubleshoot common problems.

The highest-paid IT technicians work for telecommunications companies.

Employment for IT technicians in the U.S. is projected to grow 9% between 2020 and 2030. These professionals earn a median income of $55,510. The highest-paid technicians work for telecommunications companies and make a median salary of $74,220 per year.

To become a computer support specialist, you can earn either an IT certificate or associate degree in IT, or complete a professional training program through providers like Google and CompTIA.

Ironworker

Working for contracting companies and construction firms, ironworkers install steel and iron to strengthen buildings, bridges, and roads. These technicians usually work on new construction projects but may also be employed as part of a demolition or rehabilitation team. Ironworkers can specialize in structural steel and iron, erecting and joining columns, girders, and other framework components, or they may focus on reinforcement through rebar and iron mesh.

Ironworkers install steel and iron to strengthen buildings, bridges, and roads.

According to the BLS, ironworker positions are projected to rise 6% between 2020 and 2030, adding about 5,400 new jobs. While the median annual wage is $53,210, these professionals can access higher pay by pursuing civil and heavy engineering construction projects.

Most prospective ironworkers enroll in a certificate program and/or complete an apprenticeship that ranges 3-4 years. They can strengthen their employability by earning professional certification from organizations like the American Welding Society and the National Center for Construction Education and Research.

Legal Assistant

Legal assistants and paralegals support lawyers by performing administrative tasks such as maintaining digital filing systems, creating official documents like mortgages and contracts, and facilitating communication among witnesses, law enforcement, and external vendors. They also assist with trial preparation, conducting research on relevant regulations and personal histories.

Around three-fourths of legal assistants work for lawyer offices and law firms.

The BLS projects that jobs for paralegals and legal assistants will grow 12% through 2030. Around three-fourths of legal assistants work for lawyer offices and law firms, while the remainder find employment with government agencies and financial institutions, like banks and insurance companies. These professionals earn a median annual wage of $52,920.

Legal assistants and paralegals typically hold an associate degree; however, many employers prefer candidates who possess a bachelor’s in paralegal studies and have completed a certificate program backed by the American Bar Association.

Geological and Petroleum Technician

These professionals work on teams with petroleum engineers and scientists to find, identify, and extract natural resources like gas, coal, and oil. Geological and petroleum technicians who work primarily in the field collect material samples for evaluation, whereas those who specialize in lab work analyze these samples for traces of metals and hydrocarbons to assess the productivity of a certain site.

These technicians find, identify, and extract natural resources.

BLS data shows that geological and petroleum technicians earn a median yearly wage of $50,630. They can make $76,120 by working in the oil and gas extraction field and may further increase their pay to $85,530 by advancing into management positions. Geological and petroleum technician positions are projected to grow 9% through 2030.

To access entry-level positions, you’ll need to have at least an associate degree in geosciences or geographic information systems. Many technicians go on to obtain a bachelor’s or master’s degree in petroleum engineering.

HVACR Technician

Heating, air conditioning, and refrigeration technicians install and fix systems that control a building’s air quality and temperature. HVACR mechanics also perform routine maintenance, replacing filters and cleaning ducts so that the system satisfies government regulations. These professionals can hone their skills by specializing in a subfield like commercial refrigeration, solar paneling, and radiant heating systems.

Two-thirds of HVACR technicians work as professional contractors.

HVACR technicians earn a median annual wage of $50,590, with 66% working as professional contractors. They can bolster their pay potential by working in wholesale trade, which offers a median salary of $53,310 per year. The BLS projects that HVACR occupations will increase 5% between 2020 and 2030.

Many HVACR professionals complete either a six-month certificate or two-year associate degree program. They may also work as an apprentice to get the practical experience needed to apply for state licensure.

Licensed Practical Nurse

Also called licensed vocational nurses in certain states, licensed practical nurses (LPNs) provide basic patient care, working under the guidance of registered nurses and physicians to take care of infants, feed patients who have trouble eating, and monitor vitals like heart rate and blood pressure. Experienced LPNs may occupy leadership positions, supervising nonmedical staff and new practical nurses.

Nursing careers enjoy some of the highest growth rates in healthcare.

Nursing careers enjoy some of the highest rates of occupational growth in the healthcare sector, with LPN positions projected to increase 9% through 2030. They earn a median annual wage of $48,820 and usually work at hospitals, home health services, physicians offices, and residential care facilities.

To become an LPN, you must complete a one-year certificate or diploma program. You will then need to earn state licensure by passing the NCLEX-PN examination.

Frequently Asked Questions About Trade School Jobs

How long are trade school programs?

Trade school programs can often be completed within a year or less, a much shorter commitment than a four-year degree. However, earning a vocational certificate or associate degree can take up to two years.

Trade schools are designed to train students in technical knowledge and skills. Unlike four-year colleges, trade schools, also known as vocational schools or technical colleges, do not teach general education courses. Instead, they focus on providing hands-on experience directly applicable to the students’ specific trade. This cuts down the course list significantly.

Can you attend online trade schools?

Trade schools specialize in skilled trades, such as mechanical engineering and welding. Because these types of trades require hands-on training, there are limited options for online trade schools. However, some career fields have a much better chance of being taught online or in a hybrid form, such as healthcare majors, culinary arts, and cosmetology.

What are the highest-paying trade jobs?

The highest-paying trade jobs include construction manager, elevator and escalator installer, and radiation therapist. The median salary in 2020 for a construction manager was $97,180, according to the Bureau of Labor Statistics. Elevator installers made a median salary of $88,540, and radiation therapists earned $86,850. However, some of these higher-paying roles require an associate degree.

What is the difference between trade and technical school?

The differences between trade and technical school are minimal, as both prepare students for careers in the skilled trades. Trade schools often provide more hands-on instruction that benefits the mechanical trades, such as welding, electrical engineering, and HVAC technology.

Technical school focuses on the technical skill sets that lead to careers in healthcare, public service, and math and science fields. Their programs are a mix of hands-on training and theoretical knowledge. Both trade and technical schools offer grants, loans, and scholarships to students. Financial aid can be harder to qualify for if the program is not accredited.

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Sales & Trading Salary Guide: Compensation Structure

• Sales & Trading
• Compensation

Average base and bonus salaries for Sales & Trading from the Analyst and Associate ranks through to Managing Director.

A sales and trading has a similar comp structure to investment banking, comprised of a base and a bonus. For a sales & trading “Analyst 1” (an analyst’s first full year after completing the July-December “stub” period), base and bonus comp is as follows:

• Base: $85,000 is the industry standard at most bulge bracket investment banks
• Bonus: $50,000-$75,000

As a result, a sales & trading analyst will take home all-in comp of $135,000-$160,000 in their first full year.

A note on the stub year:  New Hire S&T Analysts and Associates arrive in the summer after completing undergrad.

Most Investment Banks pay the majority of their staff bonuses on a calendar year cycle (January – December) that matches their annual results.  Investment Banking Analysts are the exception as many are on a two year program and many intend to leave.  Investment Banking analysts are typically paid on a 12 month cycle based on their hire date (but varies by banks).

A New Hire Analyst is typically hired in the summer, goes through new hire training, then takes their FINRA Exams (Series 7, 63) and are usually on their desks by Labor Day. Year end reviews are typically due in October and evaluation committees begin in November. The New Hire Analyst doesn’t have enough time on the desk to rank them versus their peers and differentiate their comp. Instead, all the new hires are given a standard stub bonus in January/February alongside the bonuses everyone else on the desk is receiving.

Below is a table summarizing average compensation for 1st year, 2nd year 3rd year analyst.

Sales & Trading Associate salary (New York)

Most Sales & Trading Associates are promoted from the analyst program.   For new hires joining as Associates (typically either Research or Quants from a PhD program) they have an stub year just like Analysts which we’ve termed “Associate 0”

A sales & trading “Associate 1” (first year for associates promoted to analysts and for new hires full year after completing the July-December stub period), base and bonus comp is as follows:

• Base: $125,000 is the industry standard at most bulge bracket investment banks
• Bonus: $90,000-$130,000

As a result, the first year sales & trading analyst will take home all-in comp of $240,000-$270,000, with second year comp .

Below is a table summarizing average compensation for stub year, 1st year and 2nd year associates.

Sales & trading vice president salary

The base compensation for a sales & trading VP closely tracks investment banking VP’s. However, starting at the vice president level and above, there is a larger variation in compensation levels, much more so than in investment banking. As a VP in sales and trading, you are expected to have a number next to your name (Trading P&L or Sales Credits), whereas a VP in investment banking could still be focused on execution as opposed to revenue generating activities such as originating and sourcing clients. In addition, S&T VP comp can vary significantly between various desks. For example, the average VP in Rates Options Trading makes much more than the average VP in Cash Equities.

What drives sales & trading bonuses

• Individual performance
• Desk performance
• Broader line of business performance

In Sales & Trading, your direct performance and your group’s performance directly impacts your pay. That contrasts with Investment Banking where most Associates and VPs are focused on pitchbooks and execution and do not have a client list and P&L next to their name.

Getting the white envelope

Bonus Time!

Every year, at the end of the calendar year, your performance is ranked against your peers. At the beginning of the year, typically right after the bank’s financial results are released, everyone gets their bonus numbers. At my firm, they arrived in white 8 1/2 by 11 sized envelopes with our names on a label. Inside was one sheet of paper.  It starts off by what you salary was last year, what your bonus was last year. What your salary was this year and what your bonus is this year. If you got promoted, that was when it was official.

On bonus day, I would keep one eye on my Bloomberg chats, and one eye looking for someone from HR walking with a stack of white envelopes. I had a number of different managers each year, and each year I tried to figure out their approach on order. Was it most junior to most senior, was it most senior to most junior, was it by last name in alphabetic order?  Now that the bonus envelopes have arrived, I would keep one eye on my bloomberg chats and one eye on people coming and going.

How did they look? Were they happy or defeated? Most people spent the afternoon getting coffees with each other, talking about how their numbers were and what they felt. No one would schedule client entertainment that night, everyone went with colleagues to the bar at 5pm and celebrated if you were happy, a numbed the pain if you were sad.

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How to Become a Stock Broker or Trader – Career Path, Salary and Job Description

Step 1: Enroll in a Relevant Undergraduate Degree Program

While a graduate-level degree is often helpful for job advancement, most entry-level stock broker and trader positions only require an undergraduate degree. This field does not require a specific major, so you can choose a degree option that suits your specific interests. It is recommended, however, that prospective stock broker and traders major in something finance or business related. Common undergraduate degrees include accounting, business, finance, and economics. The courses generally offered by these programs are preferred by employers, especially larger firms. Bachelor’s degrees usually consist of 120 credit hours of coursework that can be completed in four years by most full-time students. Online programs are also available, but may require five to eight years to graduate for students attending school part-time. Your specific curriculum will depend on the major you choose.

Step 2: Complete an Internship with a Financial Firm

Many undergraduate students interested in becoming stock brokers or traders choose to apply for an internship in the field before graduation. While most degree programs do not require internship completion, the experience and connections gained through these experiences can be invaluable. In fact, large brokerage firms and investment banks frequently hire summer interns and then offer full-time employment after graduation to those individuals who are most successful.

Stock broker and trader internships offer a variety of benefits, including:

• Real-world training and work experience
• Opportunities to apply academic theory and best practice
• Experience working with a financial team
• Access to potential professional mentors
• Skills development
• Networking

You will need to research your college or university’s specific internship application process. These vary per institution. Most schools have a career center and/or career counselor who can provide more information. You may also consider speaking with a finance or business professor who works in your major’s department.

Step 3: Find Professional Employment and Join a Professional Organization

Unlike many other professions, stock brokers and traders must first find employment before they can become licensed. If you are not hired by the firm you interned with, you can begin searching for a job immediately after graduating from your undergraduate degree program.

Students and new professionals should both strongly consider joining a professional organization. These are available at the state, national, and international levels and are open to individuals at every career level. Membership benefits will vary significantly from organization to organization, but often include exclusive access to field resources, discounts, training, certification programs, and networking opportunities.

Some of the most prominent professional organizations, associations, and societies for stock brokers and traders include:

• National Association of Stockbrokers (NAS)
• Security Traders Association (STA)
• National Organization of Investment Professionals (NOIP)
• American Association of Individual Investors (AAII)
• International Business Brokers Association (IBBA)

Step 4: Register as a Representative of Your Firm with FINRA

Every state requires that stock brokers and traders register as a representative of their firm with the Financial Industry Regulatory Authority (FINRA). In order to become fully licensed to buy and sell financial products, you must take and pass a series of examinations. In most cases, your financial firm will offer training to help you prepare for the Series 7 and Series 63 exams, which cover the trading of securities and relevant state rules and laws. After successfully completing the exams and becoming licensed, you will be required to attend computer-based continuing education courses on legal requirements, new financial products, and new financial services.

There are many other licenses available to stock brokers and traders as well. Most will give you the ability to sell different investment products and services. While many additional licenses are not required, earning these certifications can greatly enhance your professional standing. A good example of this is the Chartered Financial Analyst (CFA) certification, which is distributed by the CFA Institute.

Step 5: Complete an Accredited Master of Business Administration Degree

While not required, many stock brokers and traders ultimately choose to pursue a graduate degree. A master of business administration (MBA) is greatly preferred by employers and is often a requirement for high-level positions in the finance industry. An MBA frequently entitles professionals to more advancement opportunities, better compensation, and large signing bonuses when hired.

Finance MBA programs are designed to provide students with a deeper understanding of business, finance, and management topics. They generally consist of 30 credit hours of coursework and can be completed in two years by students who are enrolled fulltime. Some MBA programs allow students to graduate in as little as a single year.

Coursework typically covers the following:

• Management Accounting
• Taxation for Business and Investment Planning
• Data Management and Analytics
• Current Issues in Accounting
• Predictive Analytics

Choosing an MBA program that is properly accredited should be a priority. Attending an unaccredited college or university may make it difficult to transfer credits, apply for higher education, and find suitable employment. Give preference to institutions accredited by the Association to Advance Collegiate Schools of Business (AACSB). Opting for a degree program that is accredited by a regional association may be sufficient if you plan to work locally.

everything about the profession from skills to salary — Work.ua

Merchandiser: everything about the profession from skills to salary — Work.ua

What to be

The merchandiser is the one who controls the presence of the entire range of the company on the shelves of the store and the placement of goods or promotional materials about them in the most attractive places for buyers.

What does a merchandiser do

From the outside, it may seem that a merchandiser only puts goods on empty store shelves. But a specialist of this profile has much more functions, tasks and goals:

• display of products according to a certain scheme developed by marketers; assessment of the inventory of specific items, tracking and timely replenishment of balances;
• conducting an inventory at a point of sale, assistance in moving goods in a warehouse, attaching and changing price tags;
• decoration of counters and other parts of the store with promotional products; conducting promotions or assistance in their organization, price reduction campaigns and informing the administration about the risk of possible loss of inventory and about what measures should be taken in connection with this.

The merchandiser may also participate in the delivery and receipt of the goods and check that the products are in a marketable condition before they are laid out on the stand. The quality of a merchandiser’s work directly affects the sales performance of a particular outlet. As a rule, under the tutelage of a merchandiser – from three to twenty stores. Moreover, for successful work, they often need to be visited almost daily.

How much a merchandiser earns

A merchandiser’s salary depends on experience, scope of work and company level. Often, in addition to the “naked rate”, employers promise bonuses, payment for mobile communications, and if you work on your car, depreciation and fuel compensation.

All Ukraine

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Cherkasy

Chernivtsi

On average, a Merchandiser in Ukraine earns UAH 12,000. This is the median salary of 432 vacancies posted on Work.ua with the title “Merchandiser” and similar queries “Merchandiser”, “Merchandiser”, “Product Display Specialist”, etc. over the last 3 months. The range that contains the median is highlighted on the graph.

What skills a merchandiser needs

Advantages and disadvantages of a merchandiser

How merchandisers themselves evaluate their profession

According to a survey by Work.ua among registered applicants with experience as a merchandiser.

Career growth

4.0

Salary

3.0

Profession

Security 9000 9000 9000 9000 9000 9000 9000 9,000 4.04 4.04 4.04 merchandisers

The specialty of a merchandiser is in demand in any company that is engaged in wholesale or retail sales – whether it is chemicals, medicines or food. The success of the company directly depends on the professionalism of the merchandiser, namely, the ability to compete with companies of the same profile.

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vacancies on the site

Where to study as a merchandiser

Higher educational institutions do not teach merchandisers. But some companies prefer candidates with higher education or secondary vocational education. Anyone. Marketers and sales managers are especially in demand. Other companies, on the contrary, try to invite students and graduates, teaching them from scratch.

More information about courses and educational institutions.

Tuesday, October 25

Other professions

A dentist is a doctor who treats the teeth, jaw, soft tissues, and other organs of the oral cavity.

A travel manager is a professional in travel planning and organization.

Seafarers’ salary: trend analysis from Maritime-zone.

com

The salaries of seafarers are of constant interest and become a topic of discussion both within the maritime community and among the inhabitants. Working at sea has a romantic aura due to the abundance of travel and apparent diversity. At the same time, everyone understands that the maritime profession is difficult and involves separation from loved ones. A lot of people wonder how well seafarers are paid for their hard work? Is it worth it to go to sea, giving up the comfort of home?

We have compiled a salary rating for marine specialists based on job postings posted on the site. With its help, you can get an idea of ​​the income of seafarers in almost all positions employed on different types of ships.

Credits to Havila Shipping

What determines a sailor’s salary?

First of all, it is necessary to highlight the laws that determine the salary of seafarers. In the maritime industry, crew wages are affected by the following set of factors:

• Position;
• Type of fleet: merchant or offshore; hence the type of vessel in the selected category;
• Job experience;
• Nationality (citizenship). It is common knowledge that officers and ratings who are citizens of the European Union or the United States receive more, all other things being equal.
• Loyalty to the company. Many shipowners provide special bonuses for seafarers who work for the company for more than a certain period of time.
• Previous experience on various types of ships is also valued. Having gained a wide range of experience, seafarers have the skills to work with various equipment.
• CBA (Collective Bargaining Agreement). All conditions of your employment, including the amount of wages, are determined by the Collective Agreement, which is in force on the ship. Review your terms of employment document to know your rights.
• Communication skills. If the interview is with a representative of the shipowner, you may be able to negotiate a higher salary. Crewing managers also usually have a range of salaries, and you can convince them that your professional merit deserves the highest rate.

Highest salaries for seafarers

As can be expected, the highest salaries in the industry are paid to Masters, Technical Superintendents and Chief Engineers. During the last quarter of 2019, the maximum salary offered to the Captain was 18,000 USD per month (Seismic vessel). Although one thing to consider, according to other vacancies, the minimum rate for the same position was around $9,500 per month. A lot depends on the ship.

Next, with a salary of 12,000 to 15,000 USD per month, are Captains and Chief Engineers working on gas carriers, VLCCs, oil and chemical tankers, as well as on various offshore vessels.

On the next line are Staff Engineers, Mooring Masters, Senior Officers, 2nd Engineers, Port Engineers with a salary of 9000 to 12000 USD per month. Similar working conditions can be found on the same types of ships, plus large cruise ships and superyachts.

Meanwhile, vacancies for 2 Assistants and 3 Mechanics for tankers offer no more than 4200 – 4300 USD per month. Rates for 3 Mates and 4 Mechanics drop even lower to $2,800 – $4,500 depending on experience and vessel type.

An interesting fact is that over the past 6 years, the wages of merchant seamen have not changed significantly; while the salaries of offshore professionals first rose and then plummeted along with oil prices. Nevertheless, salaries in the oil and gas segment are still high and remain a worthy goal for many professionals.

Below is a chart that shows the salary fluctuations of 2 mechanics (illustration) for different ship types. The most effective growth was observed in the sector of gas carriers. The growing demand for natural gas worldwide and the development of port infrastructure have ensured a steady increase in the number of LPG / LNG ships and improved working conditions on them.

Salary of 2nd Engineer, Various ships, 2013-2019, USD

passenger fleet depend not only on the price of goods or services with which they work. The high pay is proportional to the level of responsibility seafarers take along with the position, as well as the skill level that allows them to achieve the desired position.

In one of our recent articles, we detailed how to make a successful career at sea . The article provides guidance on how to move from the merchant fleet to tankers or offshore vessels, get promotions and achieve financial success at sea.

Merchant seafarer wages

Besides the general laws described in the first paragraph, bulk carrier wages depend on the same complex set of factors that governs the oil and gas sector. One of them – the larger and more complex the vessel, the better the work of the crew of this ship will be paid.

Thus, seafarers on bulk carriers, container ships and heavy lifts are paid more than the crews of small bulk carriers and multipurpose ships. For example, Captain and Starmech on Bulk Carrier at the end of 2019 were offered from 8500 to 8800 USD, a little less (7900 USD per month – 8400 USD per month) on container ships and heavy lifts. For comparison, on a General Cargo or similar vessel, the Captain and Starmech receive between $5,300 and $6,200.

Bulk Carrier; Credits to Baird Maritime

First mate and 2nd engineer can expect a salary of 6400 – 6800 USD per month on container ships and bulk carriers, while their colleagues on bulk carriers are offered from 3800 to 4500 USD per month. Second mates and third mechanics on bulk carriers earn around $3,200 and slightly less on container ships. Meanwhile, the gap with bulk carriers, universal ships, etc. (coasters, small passenger) is significant – about 1700 US dollars per month.

Currently the job market is overflowing with 3 Assistants and 4 Mechanics of all nationalities. This was due to the increase in the number of maritime universities around the world. It is quite difficult for junior officers to find a job, however, quite a lot of vacancies are published for them. Salary varies from 2500 to 2900 USD on container ships and bulk carriers, dropping to 1300-1700 USD per month on universal vessels. Statistics show that 3rd Mates and 4th Engineers are the most actively looking for work at sea, so we have compiled a chart showing the level of wages on various merchant ships.

How much do Electromechanics earn?

As you know, there is a hierarchy among ship’s Electricians. A Senior Electrical Engineer on a gas carrier or rig will earn in the order of USD 10,000 per month, while merchant marine pay rates start at a reasonable USD 6,000. Electrical engineers and technicians also receive between 5,000 and 6,000 USD per month, depending on the skill and size of the vessel, and therefore the number of duties on board. Jobs for Electricians on small boats typically offer from $2,000 per month (crew boat, tugs) and go up to $5,000 for larger boats with multiple generators.

How much do privates get paid

An important fact about the salary of privates: the amount depends both on the type of vessel and on the qualifications of a particular seafarer. For example, AB Seaman’s (and by extension, Oiler’s) wage rate is around $1,200 for a bulk carrier, $1,500 per month for an oil tanker, or $2,500 for a drilling rig. At the same time, AB-Cook earns $1,800 on a bulk carrier, $2,000 a month on a tanker, and $3,000 offshore. Therefore, get additional qualifications to earn more.

Credits to Mariteam Personnel Services B.V

Incidentally, Kok’s salary is $1,800 for medium-duty ships and goes up to $5,000 a month for Offshore Chefs. However, the industry average salary for a cook is around $2,500 for any type of vessel.

Sailors and mechanics 2nd class (OS and Wipers) can expect about 1000 USD per month on bulk carriers and conventional tankers, and a little more (1200 USD) on gas carriers. The wise decision is to qualify as a welder, this will significantly increase both your salary and chances of getting a job. By the way, mechanics and welders are offered from 2,000 to 2,200 US dollars per month, depending on the complexity of the work on board.

At sea for big money

01/30/2020

For ordinary people, the profession of a sailor is shrouded in romance. But is everything really so romantic, besides the opportunity to conquer endless spaces, see other countries, marine life and receive high salaries? How well are seafarers paid for their hard work? The MaritimeZone agency compiled a salary rating for marine specialists based on job postings posted on the site. With its help, you can get an idea of ​​the income of seafarers in almost all positions employed on different types of ships.

What does a seafarer’s salary depend on?

First of all, it is necessary to highlight the laws that determine the salary of seafarers. In the maritime industry, the crew wages are affected by the following set of factors:

• Position;
• Type of fleet: merchant or offshore; hence the type of vessel in the selected category;
• Job experience;
• Nationality (citizenship). It is common knowledge that officers and ratings who are citizens of the European Union or the United States, other things being equal, receive more.
• Loyalty to the company. Many shipowners provide special bonuses for seafarers who work for the company for more than a certain period of time.
• Previous experience on various types of ships is also valued. Having gained a wide range of experience, seafarers have the skills to work with various equipment.
• CBA (Collective Bargaining Agreement). All conditions of employment, including the amount of wages, are determined by the collective agreement that is in force on the ship. To know your rights, you need to study the document that defines the conditions of your work.
• Communication skills. If the interview is with a representative of the shipowner, it is possible to negotiate a higher salary. Crewing company managers also usually have a range of salaries, and the candidate may try to convince them that his professional merit deserves the highest rate.

  The highest salaries of seafarers

  As can be expected, captains, technical superintendents and chief engineers receive the highest salaries in the industry. During the last quarter of 2019year, the maximum salary offered to the captain was $18,000 per month (Seismic vessel). Although it should be taken into account that, based on other vacancies, the minimum rate for the same position was about $9,500 per month. A lot depends on the ship.

  Next, with salaries ranging from $12,000 to $15,000 per month, are captains and chief engineers working on gas carriers, mega-container carriers (VLCCs), oil and chemical tankers, and various offshore vessels.

  On the next line are Staff Engineers, Mooring Masters, Chief Officers, Second Engineers, Port Engineers with a salary of $9 or more000 to $12,000 per month. Similar working conditions can be found on the same types of ships, as well as on large cruise ships and superyachts.

  Second officers and third engineers on tankers are no longer offered more than $4200-4300 per month. Rates for third mates and fourth engineers drop even lower, to $2,800-4,500, depending on experience and vessel type.

  An interesting fact is that over the past 6 years, the wages of merchant seamen have not changed significantly, while earnings in the offshore segment first grew and then fell sharply along with oil prices. However, salaries in the oil and gas sector are still high and remain a worthy goal for many professionals.

  The most noticeable growth was observed in the sector of gas carriers. The growing demand for natural gas worldwide and the development of port infrastructure ensured a steady increase in the number of LPG/LNG tankers and improved working conditions on them.

  It should be taken into account, however, that the high salaries paid to officers of offshore vessels, tankers and, more recently, the passenger fleet depend not only on the price of the goods or services with which they work. The high pay is proportional to the level of responsibility seafarers take along with the position, as well as the skill level that allows them to achieve the desired position.

  Merchant seafarers’ salary

  In addition to general laws, dry cargo wages are subject to the same complex set of factors that govern the oil and gas sector. One of them is that the larger and more complex the vessel, the better the crew will be paid.

  Thus, seafarers on bulk carriers, container ships and heavy lifts are paid more than on small bulk carriers and multi-purpose ships. For example, the captain and the chief mech on the Bulk Carrier at the end of 2019years they were offered a salary from $8500 to $8800, a little less ($7900-8400 per month) – on container ships and heavylifts. For comparison, on a General Cargo or a similar vessel, the captain and chief mechanic receive from $5,300 to $6,200.

  Chief mates and second engineers can expect a salary of $6400-6800 per month on container ships and bulk carriers, while their colleagues on bulk carriers are offered from $3800 to $4500 per month. Second mates and third mechanics on bulk carriers earn about $3,200 and slightly less on container ships. Meanwhile, the gap with bulk carriers, universal ships, etc. (coasters, small passenger ships) is quite significant – about $ 1,700 per month.

  The job market is currently overflowing with third assistants and fourth mechanics of all nationalities. This was due to the increase in the number of maritime universities around the world. It is rather difficult for junior officers to find a job, however, quite a lot of vacancies are published for them. Wages range from $2,500 to $2,900 on container ships and bulk carriers, dropping to $1,300-1,700 per month on general purpose ships. Statistics show that third mates and fourth engineers are the most actively looking for work at sea.

  How much do electromechanics earn

  As you know, there is a hierarchy among shipboard electricians. A chief electrician on a gas carrier or drilling rig will make about $10,000 a month, while salaries in the merchant marine start at a reasonable $6,000. Electrical engineers and technicians also receive between $5,000 and $6,000 per month, depending on the skill and size of the vessel, and therefore the number of duties on board. Vacancies for electricians on small vessels usually contain offers from $2,000 per month (crew boat, tugs), for large vessels with several generators, rates reach up to $5,000.

  How much do private sailors get paid

  An important fact about the salary of privates: the amount depends both on the type of vessel and on the qualifications of a particular sailor. For example, AB Seaman’s (and by extension, Oiler’s) wages are around $1,200 on a bulk carrier, $1,500 per month on an oil tanker, or $2,500 on a drilling rig. At the same time, AB Cook earns $1,800 a month working on a bulk carrier, $2,000 on a tanker and $3,000 offshore. Therefore, it makes sense to get additional qualifications in order to earn more.

  By the way, a cook’s salary is $1,800 on medium-duty ships and goes up to $5,000 a month for chefs on drilling platforms. The industry average salary for a cook is about $2,500 for any type of vessel.

  Class 2 sailors and mechanics (OS and Wipers) can expect about $1,000 per month on bulk carriers and conventional tankers, and slightly more ($1,200) on gas carriers. A smart decision would be to qualify as a welder, which will significantly increase both the salary and the chances of getting a job. By the way, locksmiths and welders are offered from $2,000 to $2,200 per month, depending on the complexity of the work on board.