As of January 01, 2025, the average annual salary for a Trader (Options) in Michigan is $71,814. According to Salary.com, salaries can range from a low of $45,789 to a high of $92,426, with most professionals earning between $58,192 and $82,603.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $83,691 | $6,974 | $1,609 | $40 |
| Average | $72,759 | $6,063 | $1,399 | $35 |
| 25th Percentile | $58,958 | $4,913 | $1,134 | $28 |
An entry-level Trader (Options) with under 1 year experience makes about $66,946. With less than 2 years of experience, a mid-level Trader (Options) makes around $67,351. After 2-4 years, the Trader (Options) pay rises to about $69,979. Those senior Trader (Options) with 5-8 years of experience earn roughly $75,394, and those Trader (Options) having 8 years or more experience are expected to earn about $76,994 on average.
| Levels | Salary |
|---|---|
| Entry Level Trader (Options) | $66,946 |
| Intermediate Level Trader (Options) | $67,351 |
| Senior Level Trader (Options) | $69,979 |
| Specialist Level Trader (Options) | $75,394 |
| Expert Level Trader (Options) | $76,994 |
| Entry Level | 8% |
| Mid Level | 7% |
| Senior Level | 4% |
| Top Level | 4% |
| Experienced | 6% |
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Trader (Options) salary varies from city to city. Compared with national average salary of Trader (Options), the highest Trader (Options) salary is in San Francisco, CA, where the Trader (Options) salary is 25.0% above. The lowest Trader (Options) salary is in Miami, FL, where the Trader (Options) salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $90,949 |
25.0%
|
| Washington, DC | $80,981 |
11.3%
|
| Miami, FL | $70,213 |
|
| Chicago, IL | $76,325 |
4.9%
|
| Boston, MA | $81,563 |
12.1%
|
| New York, NY | $84,983 |
16.8%
|
