What are the job responsibilities of a Stock Trader? What does an individual in this position get paid in Ohio?
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Buy and sell securities in investment and trading firms, or call upon businesses and individuals to sell financial services. Provide financial services, such as loan, tax, and securities counseling. May advise securities customers about such things as stocks, bonds, and market conditions.
In Ohio, the midpoint of salaries reported for the position (50th percentile) is $51,488. The 75th percentile (the rate below which 75% of salary data falls) is $83,264. The 25th percentile (the rate below which 25% of the data falls) is $36,250.
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How much should you pay a Stock Trader?
Compensation.BLR.com, a leading provider of compensation data, scores this job as exempt (not entitled to overtime). According to Compensation.BLR.com's rate ranges, grade 35 has a minimum of $52,687. The midpoint is $70,249, and the maximum is $87,820.
How much should an employer be paying a Stock Trader in Ohio? It depends on many factors, but the most important are the experience and skills of the employee or applicant. Answer these questions: How much experience does he or she have? How highly skilled is he or she? Then, use the table below. Interpolate as necessary.
| Applicant's Skills and Experience |
|---|
| | Beginner | Competent | Expert |
|---|
| Salary Survey | | | |
| National | $39,310 | $66,930 | $118,640 |
| Ohio | $36,250 | $51,488 | $83,264 |
| | | | |
| Rate Range (Grade 35) | | | |
National | $52,687 | $70,249 | $87,820 | | Ohio | $49,254 | $65,672 | $82,097 |