Bond traders make difficult decisions about the purchase and sale of securities. Their quick thinking can lead to significant profits or losses for their clients. Successful traders can look forward to ample financial rewards, but the income is not guaranteed.
The United States Department of Labor Bureau of Labor Statistics notes that most bond traders have a bachelor's degree in finance or a related field like economics, business or accounting. Many bond traders also earn a master's degree in business administration (MBA).
Bond traders must pass the General Securities Registered Representative Examination, a test administered by the Financial Industry Regulatory Authority (FINRA). This is known as the Series 7 exam.
According to the Bureau of Labor Statistics, the average salary for bond traders was £44,642 in 2008. This figure includes all securities, commodities and financial services sales agents.
The salary of bond traders can vary substantially because most work on commission. The middle 50 per cent of bond traders earned between £26,312 and £79,475 in 2008, according to the Bureau of Labor Statistics. Prospective bond traders should not expect to earn a fixed salary.