How to Become a Trader (Corporate Bonds)

Step 1: Understand the job description and responsibilities of a Trader (Corporate Bonds)

What does a Trader (Corporate Bonds) do?

A Trader (Corporate Bonds) is responsible for the timely buying and selling of corporate bonds. Reviews orders to ensure accuracy, proper record keeping, and conformance to regulations. Being a Trader (Corporate Bonds) carries out trades and maintains the corporation's accounts. Requires a bachelor's degree in area of specialty or in a related area, and may require state licensure. Additionally, Trader (Corporate Bonds) typically reports to a manager or head of a unit/department. To be a Trader (Corporate Bonds) typically requires 2 to 4 years of related experience. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work.

People's Opinions on Trader (Corporate Bonds) responsibilities

Markets such as the National Association of Securities Dealers Automated Quotation system (NASDAQ) use vast computer networks rather than human traders to match buyers and sellers.

01/12/2020: Montgomery, AL

The banks first sell their advisory services to help companies issue new stocks or bonds, and then the banks sell the issued securities to investors.

01/28/2020: Atlantic City, NJ

Investment banking sales agents and traders carry out buy-and-sell orders for stocks, bonds, and commodities from clients and make trades on behalf of the firm itself.

12/07/2019: Mcallen, TX

Slight changes in the price of a trade can greatly affect its profitability, making the trader’s decision extremely important.

02/13/2020: Portland, OR

After a trader places an order for a security, floor brokers negotiate the price, make the sale, and forward the purchase price to the trader.

01/27/2020: Elyria, OH
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Step 2: Learn best tips to become a Trader (Corporate Bonds)

Best tips for those who want to become a Trader (Corporate Bonds)

Here are some tips to become a Trader (Corporate Bonds).

Step 3: View best colleges and universities for Trader (Corporate Bonds)

Best colleges and universities for Trader (Corporate Bonds)

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Trader (Corporate Bonds)

Is being a Trader (Corporate Bonds) Worth it?

People's Opinions on lifestyles

A recent study by the Bank for International Settlements estimated that only 40% of investment-grade corporate bond trading was executed through computers rather than over the phone, compared with 75% in Treasury-debt trading, 80% in stocks and 90% in a broad array of futures contracts.

02/25/2020: Ogden, UT

In corporate bonds, traders working the phone still dominate the market, in part because there are so many various bonds to follow, all with different permutations such as maturity and yield.

02/04/2020: Cheyenne, WY

"We are running with the machines, rather than letting them do the running on their own," said Samik Chandarana, a veteran credit trader who was recently named head of analytics and data science at J.P.

02/10/2020: Greenville, SC

Before launching CSLiveEx, Credit Suisse responded to fewer than 10% of clients' electronic trade requests for the smallest investment-grade corporate bond trades.

12/13/2019: Colorado Springs, CO

The ideal candidate will have experience in the corporate bond sales, trading, or brokerage arenas.

02/26/2020: Waco, TX
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Step 5: Prepare relevant skills for being a Trader (Corporate Bonds)

What skills do you need to be a Trader (Corporate Bonds)?

When looking into a role like this one, you need to take account of your skills and abilities.  The ability to succeed in this role depends upon the possession of the following skills: Customer Service, Order Processing, Securities Laws and Regulations Compliance, Trading.  Although not always necessary, a grasp of these skills can help: Brokerage Trading Software.  During an interview, try to convey your knowledge of these skills.

People's Opinions on Trader (Corporate Bonds) skills

Slight changes in the price of a trade can greatly affect its profitability, making the trader’s decision extremely important.

02/12/2020: Lake Charles, LA

Maintain primary daily communications with brokers, traders and analysts to maintain up to date knowledge of new developments, including issuance and trading flows.

01/14/2020: Harrisburg, PA

EDUCATION/EXPERIENCE Minimum of five years’ experience in fixed income with emphasis on corporate bond trading.

12/10/2019: Albuquerque, NM

Knowledge of corporate bond spreads and bond structure and having the ability to make relative value judgments based on spread and structure of a bond issue.

02/22/2020: Lafayette, LA

The ideal candidate will have experience in the corporate bond sales, trading, or brokerage arenas.

02/21/2020: Portland, ME
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Step 6: View average salary for Trader (Corporate Bonds)

How much does a Trader (Corporate Bonds) make?

The average salary range for a Trader (Corporate Bonds) is from $67,023 to $111,051. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Trader (Corporate Bonds)
$67,023 to $111,051

Average salary for Trader (Corporate Bonds) jobs

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Step 7: Find relevant Trader (Corporate Bonds) jobs, and apply.

Looking for Trader (Corporate Bonds) jobs?

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Step 8: Explore Career Path of Trader (Corporate Bonds)

Step 8: Explore Career Path of Trader (Corporate Bonds)? Trader (Corporate Bonds) II