Pros and Cons of a Career as an Equity Trader Equity traders are financial professionals who sell and trade equity securities, commonly called stocks, on behalf of firms. They are typically employed in large metropolitan areas, such as New York, Los Angeles and Chicago. Find out more about this career by reviewing the pros and cons outlined below. Career Information Job Description and Duties As an equity trader, you'll be required to make a range of transactions for clients on behalf of a financial firm. Despite the title, equity traders may do more than trade stocks. They may also be required to buy options sell other securitized instruments, such as commodity futures and currencies. They could be required to create trading strategies, process option purchases, communicate market conditions to other traders and manage customer relations. Although the bulk of equity trading jobs are concentrated in a handful of metro areas, this reality is changing due to the advancement of internet technology. Now, with internet access and a computer, traders may conduct their work online and may not be required to be physically present on exchange floors. Equity traders may be differentiated by their professional emphasis, or the kinds of securities that they choose to deal in. According to the U. The BLS also noted that prospects for commodities traders in particular were expected to be good because of an increase in trading in recent years. Career Skills and Requirements Equity traders are typically required to hold at least a bachelor's degree. Although no specific major or field is required, areas such as finance, business, economics and accounting may provide the best training. Brokers and investment bankers are required to register with the Financial Industry Regulatory Authority FINRA. As a trader, you may also be required to register with the FINRA as a representative for your employer. The specific license that you are required to obtain depend on which securities you work with and the firm you work for. Traders who are highly motivated, intellectually curious, assertive, clever and knowledgeable of industry trends are more likely to thrive options the stressful, fast-paced world of finance. For equity trader positions, experience requirements will vary with each employer. Most will require candidates with strong analytical, technological and mathematical abilities. The following list summarizes several real job postings that were advertised in March How to Stand Out Continuing Education Equity traders who have attained an MBA may be better qualified for advancement in the field, according to the BLS. An MBA program provides you with training in the fundamental aspects of the business process, such as operations management, accounting, finance and business strategy. Most degree programs also allow you to concentrate in a topic that's intimately connected to your career, such as finance or international business. While licensing is mandatory for various trader positions, certification is typically voluntary. As an equity trader, you could earn certification through the CFA Institute equity a Certified Financial Analyst. This certification can help you demonstrate knowledge of subjects like corporate finance, securities analysis, portfolio management and asset valuation. A bachelor's degree and four years of experience is trader to qualify for this certification. Other Careers to Consider Financial Analyst If you are interested in working with people and finances but want a career with better job growth, you may consider becoming a financial analyst. They are required to evaluate the market performance of stocks, bonds, derivatives and other investment instruments. If you are interested in a job that requires less education but still deals primarily in assisting clients to buy and sell, you may consider becoming a real estate broker. These professionals help clients buy and sell property rather than stocks. Also, while licensure and some options are required, only a high school diploma is necessary to become a real estate broker. Get the truth about a stock trader's salary, training requirements and career prospects. Read the job description and see the pros and cons of In a tough economy, you need more than equity a newspaper to find the job you're looking for. Fortunately, the web is full of all sorts of free All other trademarks and copyrights are the property of their respective owners. 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Job Prospects and Salary Info According to the U. Job Postings from Real Employers For equity trader positions, experience requirements will vary with each employer. A New York trading firm advertised for an equities trader with an interest in capital markets. The successful applicant would be able work from home. A financial capital company in New York advertised for an experienced equities trader who would work from its customized trading platform. The job would require analyzing financial information, conducting financial risk assessments and maintaining data files. An investment firm in New York advertised for an equities trader interested in proprietary trading who would conduct research. The employer would sponsor the successful applicant in the licensing process. Certification While licensing is mandatory for various trader positions, certification is typically voluntary. Real Estate Broker If you are interested in a job that requires less education but still deals primarily in assisting clients to buy and sell, you may consider becoming a real estate trader. Related Articles Stock Trader Careers: Top 25 Resources for University Students to Use When Conducting Your Job Search In a tough economy, you need more than just a newspaper to find the job you're looking for. Becoming a Lien Specialist: Popular Schools Online Programs Available. What is your highest level of education? Campus and Online Programs. Program Options Bachelor's Bachelor: Private Sector Accounting Bachelor: Accounting Specialist Associate's - Business Admin. What is your highest level of education completed? Program Options Doctorate DBA - Management. Accounting MS in Accounting MBA MBA and MS in Leadership Dual Degree MBA: Bachelor's Bachelor of Science in Business for Secondary Education BS in Accounting BS in Finance and Economics BS in Applied Management BS in Business Admin. 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