Energy Trader
Energy traders are finance professionals who buy and sell shares of energy or energy commodities (electricity, oil, or gas) in the power markets. Energy traders use computer software to predict energy prices, monitor prices, and market conditions. The work is fast-paced as they track prices, predict trends, and follow national and international news that might affect the energy market.
Also known as: Energy Broker, Broker, Equity Trader, Financial Advisor, Investment Representative, Trader, Investments Specialist
Pay Scale
$57,460-114,844 in U.S.
Education
Bachelor’s or Master’s
Projected Opportunities
Unknown
Career Path
The career path to becoming an energy trader begins with a bachelor’s degree and an entry-level trader position or internship. Once an energy trader, advancement routes include becoming a broker- advancing to an account executive, or becoming an analyst- advancing to a consultant and even further to a manager.
Training & Requirements
Training
Energy Traders typically have a bachelor’s degree in finance, business, or related field and may also find a Master of Business Administration useful for advancement to higher level positions within the industry Employers typically provide thorough on-the-job training on job specifics at the time of hire.
Required Skills
- Knowledge of the energy industry and preferably have energy job experience
- Technology skills: able to use customer management software, data base user inquiries, & financial analysis
- Critical thinking and decision making, weighing costs and benefits of potential actions
Responsibilities
- Make bids to buy or sell shares of energy
- Track where the energy is coming from and going to- whether it comes from a renewable source or not
- Monitor markets and positions
- Keep accurate records of transactions