You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Base Salary + Payout
- Thread starter showtime23
- Start date
Originally posted by Newatthis
Benefits.. Bright, and ETG and FNY have medical insurance available at some cost to the trader.
K-1 avoids FICA but also prevents the setting up of a retirement plan.
But you save 7.65% of your profits in social security taxes when you receive a K-1,which can be invested.
Originally posted by Vinny1
Federal Insurance Contribution Act tax which is 6.2%.Medicare tax is 1.45%.Both of these taxes at 7.65% are part of social security taxes,which traders don't pay.
Actually it's double that amount since all traders are self employed and have to match what are otherwise deductions.
Having the 15% savings from the top works out pretty well, much better than most retirement plans anyway.
Don
just incase you guys were wondering..
Remember, the multiply that amount by roughly 1.3 to get US Dollars.
It's not equities but just a breakdown.
http://www.gtnews.com/articles_se/4367.html
________________-
2002 FX Salary Survey
TITLE AVERAGE SALARY PACKAGE
(in GBP) (incl bonus)
Trading & Sales Senior Management
Treasurer 148,000 240,000
Head of FX Trading 150,000 315,000
Head of FX Sales 125,000 300,000+
Head of Currency Options Trading 125,000 300,000+
Head of Money Markets 98,000 176,000+
Head of Forwards Trading 104,000 217,000
Head of Emerging Markets FX 114,000 232,000
Head of Proprietary Trading 120,000 243,000
Chief Dealer, FX 105,000 210,000
Senior Traders & Sales Dealers
Senior Spot Dealer 82,000 132,000
Senior Forward Dealer 76,000 108,000
Senior FX Sales 86,000 227,000+
Senior FX Options Trader 91,000 197,000+
Senior Proprietary Trader 86,000 193,000+
Senior Derivatives Structurer 94,000 183,000+
Traders & Sales Dealers
Spot FX Dealer 69,000 114,000
Forward FX Dealer 57,000 96,000
Money Market Dealer 52,000 87,000
FX Salesperson 66,000 115,000
FX Options Dealer 74,000 126,000+
FX Economist 93,000 162,000
FX Strategist 87,000 185,000
Remember, the multiply that amount by roughly 1.3 to get US Dollars.
It's not equities but just a breakdown.
http://www.gtnews.com/articles_se/4367.html
________________-
2002 FX Salary Survey
TITLE AVERAGE SALARY PACKAGE
(in GBP) (incl bonus)
Trading & Sales Senior Management
Treasurer 148,000 240,000
Head of FX Trading 150,000 315,000
Head of FX Sales 125,000 300,000+
Head of Currency Options Trading 125,000 300,000+
Head of Money Markets 98,000 176,000+
Head of Forwards Trading 104,000 217,000
Head of Emerging Markets FX 114,000 232,000
Head of Proprietary Trading 120,000 243,000
Chief Dealer, FX 105,000 210,000
Senior Traders & Sales Dealers
Senior Spot Dealer 82,000 132,000
Senior Forward Dealer 76,000 108,000
Senior FX Sales 86,000 227,000+
Senior FX Options Trader 91,000 197,000+
Senior Proprietary Trader 86,000 193,000+
Senior Derivatives Structurer 94,000 183,000+
Traders & Sales Dealers
Spot FX Dealer 69,000 114,000
Forward FX Dealer 57,000 96,000
Money Market Dealer 52,000 87,000
FX Salesperson 66,000 115,000
FX Options Dealer 74,000 126,000+
FX Economist 93,000 162,000
FX Strategist 87,000 185,000
Originally posted by trader99
just incase you guys were wondering..
Remember, the multiply that amount by roughly 1.3 to get US Dollars.
It's not equities but just a breakdown.
http://www.gtnews.com/articles_se/4367.html
________________-
2002 FX Salary Survey
TITLE AVERAGE SALARY PACKAGE
(in GBP) (incl bonus)
Trading & Sales Senior Management
Treasurer 148,000 240,000
Head of FX Trading 150,000 315,000
Head of FX Sales 125,000 300,000+
Head of Currency Options Trading 125,000 300,000+
Head of Money Markets 98,000 176,000+
Head of Forwards Trading 104,000 217,000
Head of Emerging Markets FX 114,000 232,000
Head of Proprietary Trading 120,000 243,000
Chief Dealer, FX 105,000 210,000
Senior Traders & Sales Dealers
Senior Spot Dealer 82,000 132,000
Senior Forward Dealer 76,000 108,000
Senior FX Sales 86,000 227,000+
Senior FX Options Trader 91,000 197,000+
Senior Proprietary Trader 86,000 193,000+
Senior Derivatives Structurer 94,000 183,000+
Traders & Sales Dealers
Spot FX Dealer 69,000 114,000
Forward FX Dealer 57,000 96,000
Money Market Dealer 52,000 87,000
FX Salesperson 66,000 115,000
FX Options Dealer 74,000 126,000+
FX Economist 93,000 162,000
FX Strategist 87,000 185,000
So, let's do some math here.
Head of Proprietary Trading 120,000 243,000
That's about $363K Sterling/Englis Pounds * 1.3 = $471K USD
So, it seems like some of the traders at Worldco or Bright made $2M last year or something? Much better than these gus!
LOL!