If you’re looking to get into the world of trading, choosing an entry-level position in your chosen industry can be tough.
There are a lot of different elements that go into this decision, which makes it difficult to know where to start when it comes to deciding on one path over another.
While some financial service companies are on the hiring freeze or raising their requirements, entry-level trading jobs are available if you know where to look.
Fortunately, we’ve done some research and compiled this list of 20 entry-level trading jobs you can expect to see in 2024.
These positions will allow you to experience different field areas while still working at the entry-level and earning an average income.
20 Best Entry-Level Trading Jobs in 2024
1. Dental Trader
The dental trading industry is a niche market that has grown exponentially over the past decade.
As such, it has become a great place for entry-level traders to get their foot in the door.
All you need is a good work ethic and basic computer skills. If this seems like something you would be interested in, head over to Indeed.
2. Commercial Bank Trader
Commercial Bank Traders work on the trading floor of a bank, often at the head office.
They monitor and execute the purchase and sale of stocks, bonds, currencies, derivatives, or other securities to ensure that client’s interests are served.
3. Equity Trading
Equity traders buy or sell stocks on behalf of the firm’s clients.
They must be able to analyze financial data and decide when to buy or sell based on what they see.
4. Broker
A broker is a person who buys or sells stocks, bonds, commodities, or other assets on behalf of investors.
Brokers buy at the bid price and sell at the asking price, making a profit on the difference.
5. Physical Trading
One type of entry-level trading job is physical trading.
Physical traders buy and sell stocks, bonds, and currencies by meeting with buyers and sellers.
The physical trader’s goal is to buy low and sell high.
6. Market Maker
The Market Maker buys and sells securities at the bid and ask prices.
They are responsible for ensuring that there is a ready market for both buyers and sellers, as well as providing liquidity to the stock market.
7. Buy-Side Trader
Traders who work for a firm are known as buy-side traders. They make markets and execute trades on behalf of the buy side or investors.
8. Betting Trader
One of the best entry-level jobs for someone who wants to be a trader is as a betting trader.
Betting traders make a living by betting on sporting events and other topics.
9. Proprietary Equities Trader
A proprietary trader is a trader employed by the company they trade for instead of trading independently.
Proprietary traders are compensated with a mix of salary and commission and sometimes receive bonuses based on performance.
10. Foreign Exchange Trader
Foreign exchange traders (FX) buy and sell currencies to make a profit. The process is called trading.
They can trade in all parts of the world, with all types of people, at any time of day or night.
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11. Investment Banking Analyst
As an Investment Banking Analyst, you will research and analyze companies, industries, trends, and other factors to provide your company with insights into the marketplace.
This will help your company make more intelligent decisions regarding mergers, acquisitions, or other deals.
12. Junior Derivatives Trader
Derivatives trading jobs are the most lucrative and well-paying entry-level jobs for people just getting into the business.
Derivatives are financial instruments that derive value from an underlying asset, index, or interest rate.
13. Trade Operations Analyst
The trade operations analyst is responsible for analyzing and executing trading strategies.
They must be proficient with Microsoft Excel and Bloomberg, Reuters, and Tradestation software.
Some companies also require knowledge of VBA, the Python programming language, or C++.
14. Junior Discretionary Trader
An entry-level trading job, one of the best jobs for millennials, is a junior discretionary trader.
A junior discretionary trader needs to have an undergraduate degree and work experience before they can be hired as a junior discretionary trader.
15. Programmatic Trader
A programmatic trader is a person who makes decisions to buy and sell securities automatically based on rules or algorithms.
You will use software to trade stocks, bonds, options, and other financial instruments.
16. Quantitative Researcher
A Quantitative Researcher is responsible for analyzing data and trading signals to determine the best time to buy or sell a stock.
Working as a Quantitative Researcher usually means working with computers and mathematical formulas to analyze complex data sets quickly.
17. Structured Products Trader
Entry-level traders are highly trained to negotiate financial products and instruments on behalf of customers.
A structured products trader is a specialized entry-level trader specializing in analyzing, pricing, and structured trading securities.
18. Risk Management Specialist
Entry-level jobs in the trading industry are typically entry-level trader positions.
A risk management specialist is a role that helps traders and investors manage their exposure to risk by determining which types of trades are appropriate for the portfolio.
19. Credit Derivatives Trader
A credit derivatives trader is a person who trades financial products that are related to the credit market, such as credit default swaps.
A credit derivatives trader may work for an investment bank or financial institution.
20. Fund Accountant
A fund accountant ensures that a company’s funds are being used properly and that the company follows financial regulations.
Fund accountants typically work with private equity firms, hedge funds, and venture capital firms.
SEE ALSO: 10 Best Data Entry Jobs From Home
Conclusion
This list of the best entry-level trading jobs in 2024 is just a suggestion of what you could be doing.
If you have the skills to get one of these positions, then look through the list and find out which would suit you best.
The 20 entry-level trading jobs we’ve outlined are only a small sample of what is available.
There are many different types of jobs and industries that need people with your skillset, so explore and find out which one suits you best.
