Trading executives working within the London Stock Exchange are amongst the most highly paid and hard working members of the financial community.
A good degree in economics can lead to entry level employment as a trader, at a wage between £50,000 p.a. and £70,000 p.a. provided the candidate has the mental strength to cope with the enormous pressures involved. For more experienced traders, salaries rise to £80,000 p.a. to £100,000 p.a. and for those in management, the salaries become negotiable.
Tasks which traders are expected to perform might be to maximise profits by managing returns and minimising costs. They would be expected to trade on behalf of the company and its clients and in some circumstances, to devise hedging strategies for their businesses. Interpreting and analysing market reports, as well as constructing them, is key to the job. Contacts across the world are all important, so for entry level workers, it is important to network effectively and to travel wherever possible.
Recruitment agencies and employers look for traders who not only have an excellent academic record, but who have outstanding abilities in communication and negotiation (as well as knowledge of the relevant markets) and are prepared to put a big bit extra into the job.