Salary Ranges for Analysts
The average salary range for market analysts is between $50,000 and $100,000 per year. Entry-level positions may start lower while senior roles earn above average. Advanced late-career analysts with 10-19 years of experience can expect to make $69,139. More experienced employees with 20 years earn $77,570 per year.
Trade Analysts
The average trade analyst salary is $78,714 yearly, ranging from $50,000 to $121,000. Location and experience impact salaries. Massachusetts pays the most at $109,560 per year. Sales and trading analysts earn a median salary of $87,500. The middle 50% make between $85,000 and $108,000.
Skills and Success in Trading
Forex trader profits vary greatly month-to-month from a few hundred to millions of dollars depending on trading skills, strategies, capital risked and market conditions. Successful traders often have years of experience and market understanding.
Importance of Analytical Skills
Stock analysts need excellent mathematical, analytical and critical thinking skills. Research shows analysts accurately identify winners over 70% of the time, though their buys tend to win bigger.