| Topic Name: |
What are my chances? |
| Message Name: |
re |
| Date Posted: |
06/11/2003 |
| In Reply To: |
does anyone know the type of salary a energy trader can get including bonuses, from entry level to higher positions. |
| Message: |
I forgot about Constellation being in Baltimore...
I belive PEPCO is around there as well.
On a real-time power desk(which is the entry level trading role) or as an entry level gas scheduler (the entry level job in gas) I would say that $40-45,000 with little to no bonus is the low end of scale. The last guy I know who started on a real time desk straight out of school made $50,000 with a $10,000 bonus his first year. This was before the fall of Enron, Dynegy, El Paso, Aquila, etc... so I'm not sure how accurate these numbers are today.
With some significant experience, I would say a $250,000 salary with a bonus ranging from almost nothing to somewhere in the $X,000,0000 range depending on where you're working and how much money your desk and the company as a whole made for the year.
You can trade for energy for a utility company, trading and marketing company, investment bank, hedge fund, etc... so the money can vary significantly from one shop to the next.
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