Here Are the Results of the Singapore Bunker Trader Salary Survey 2016
4 stars based on
In writing this piece, I did not intend to glamourise trading in any way. I just thought that it would be a good idea to use my experience of over 25 years to objectively go through the numbers, because I have yet to see a trader light a Cuban cigar with a fifty pound note — but maybe all the traders I know are nonsmoking loyalists….
Please do not ask me to prove any of these numbers. They are what I feel is an average. I have worked at investment banks, trading houses, hedge funds and oil companies and they are all as different as the traders that work for them. Even with all these caveats and fuzzy logic, I think it is still an interesting junior oil trader salary. Let me know what you think. The components vary but the result is quite similar across the board.
For every trader, you need roughly 10 support staff. Junior oil trader salary need specialised and therefore premium office space with raised floors for cabling and contingency measures like an uninterrupted power supply UPS and recorded telephone lines connected to an atomic clock. Like the fact that it is legally enforced for bank vault walls to be made of steel of a certain thickness, if you want to trade commercially, all these things are audit and legal requirements. There is also the cost of capital.
When you trade, you are effectively borrowing money from the Company in order to place your positions. Salaries can be considered pre and post the Lehmans collapse, as that is when banks had to start capping their junior oil trader salary and of course basic salaries shot up as a consequence. Now, look a little deeper into the definition and you will see that Directors are also included. Most traders, with the exception of Junior Traders, are at a Director level or higher.
So, traders are at the top of the PAYE charts. Well done, but it does mean something more. The Company expects a certain level junior oil trader salary performance for its investment.
I have seen Senior Traders with good track records cashed out in a matter of months, never to be seen again. Here we come to the interesting part, and we need to be a bit philosophical.
Post Lehmans, this happened a lot and junior oil trader salary another junior oil trader salary why basic salaries went up. Next is the way it is paid. As a general rule of thumb, a bonus is paid half up front and then junior oil trader salary other half is spread over the next 2 or 3 years.
The deferred part is usually paid in Company shares and is therefore performance linked. Again, One Team One Dream. Also, if the trader leaves within that deferred period, they lose it. Also, although considerably smaller, the 10 support staff are paid bonuses. So, what have I learned? Well, despite the sensationalist headlines that the media print, I feel that it is far better for society in general if traders were paid bigger bonuses.
Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. I just thought that it would be a good idea to use my experience of over 25 years to objectively go through the numbers, because I have yet to see a trader light a Cuban cigar junior oil trader salary a fifty pound note — but maybe all the traders I know are nonsmoking loyalists… Please do not ask me to prove any of these numbers.
Salaries Traders can be roughly split into three categories Junior Traders: Managers who run the desk. Performance The Company expects a certain level of performance for its investment. Bonuses Here we come to the interesting part, and we need to be a bit philosophical.
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