Zurich, Thursday, 21. June 2018. Energy traders earn the highest remuneration of all commodities traders according to the latest Michael Page Commodities Trading Salary Survey. They were followed by metals traders, with the agricultural sector generally offering the lowest compensation packages.
Across the industry the number and remuneration of support roles has declined. This is principally due to companies consolidating and streamlining their processes within shared service centers in lower cost locations such as India, and Eastern Europe and impacts roles such as operations, execution, finance and administrative functions.
Trading jobs in Geneva were most impacted by such market forces. Geneva is facing intensifying competition from other international trading hubs such as Singapore, London, Rotterdam and Dubai. In addition, companies in the German speaking region are aggressively seeking to attract candidates and relying heavily on bonus schemes in order to attract the top traders.
"Energy is still king and metals are catching up. There is considerable variation in packages across the industry but it is the appetite and risk tolerance, which makes the difference”, explains Emmanuelle Doux, Senior Consultant, Commodity Trading, Michael Page. For example, Energy traders with a base salary of CHF 350,000 and a bonus of 150% can earn CHF 875,000, while others with a lower bonus and risk appetite will earn considerably less. "On the support role side, we advise candidates to be extremely flexible in relation to their packages as well as expanding their responsibilities".
Key Compensation Packages: Commodities Trading 2018
Minimum | Average | Maximum | Bonus (% of base salary) | |
TRADING | ||||
Boutique Houses | ||||
Soft Commodities Trader | 110'000 | 140'000 | 180'000 | 30 to 80 |
Freight Trader | 110'000 | 140'000 | 180'000 | 30 to 80 |
Metals Trader | 130'000 | 150'000 | 200'000 | 40 to 80 |
Energy Trader | 120'000 | 160'000 | 250'000 | 40 to 120 |
Blue Chip Companies | ||||
Business Developper - Marketer | 120'000 | 150'000 | 180'000 | 30 to 120 |
Freight Trader | 110'000 | 160'000 | 230'000 | 30 to 120 |
Soft Commodities Trader | 120'000 | 160'000 | 230'000 | 30 to 120 |
Metals Trader | 130'000 | 180'000 | 280'000 | 40 to 130 |
Energy Trader | 140'000 | 200'000 | 350'000 | 40 to 150 |
Head of Commoditities Platform | 160'000 | 200'000 | 350'000 | 40 to 150 |
SUPPORT FUNCTIONS | ||||
Finance | ||||
Senior Accountant | 95'000 | 105'000 | 120'000 | 5 to 10 |
Accounting Manager | 120'000 | 130'000 | 160'000 | 5 to 15 |
Trading Accountant | 90'000 | 120'000 | 150'000 | 5 to 15 |
Financial Controller | 100'000 | 140'000 | 180'000 | 10 to 20 |
Head of Finance | 160'000 | 200'000 | 250'000 | 30 to 50 |
Tax Manager | 110'000 | 150'000 | 200'000 | 10 to 25 |
Tax Director | 160'000 | 180'000 | 240'000 | 20 to 40 |
Internal Auditor | 95'000 | 120'000 | 150'000 | 10 to 20 |
Head of Internal Audit - Compliance | 160'000 | 180'000 | 230'000 | 15 to 30 |
Operations & Execution | ||||
Commodities Trading Analyst | 70'000 | 80'000 | 95'000 | 10 to 20 |
Commodities Trading Operator | 90'000 | 110'000 | 125'000 | 10 to 20 |
Senior Operator | 100'000 | 120'000 | 140'000 | 10 to 30 |
Operations Manager | 120'000 | 140'000 | 170'000 | 10 to 40 |
Demurrage Specialist | 70'000 | 110'000 | 120'000 | 10 to 20 |
Scheduler | 80'000 | 110'000 | 130'000 | 10 to 20 |
Take a look at the salary factsheet
Michael Page
Michael Page is a leading brand of the PageGroup, one of the world's pre-eminent professional recruitment consultancies. Listed on the London Stock Exchange (“PAGE”), PageGroup was established in Switzerland in 2001. The Michael Page team works closely with its clients to identify and place the best candidates for management positions. It also collaborates with PageGroup’s other operational brands to ensure that all client needs are met. This includes Page Personnel (graduates and first level specialists), and Page Executive (senior and executive management). Page Group has more than 152 offices worldwide including three Swiss offices in Zurich, Geneva and Lausanne.
Michael Page 2018 Commodities Trading Salary Study
The information provided in this survey derives from three sources: the PageGroup database with over 450,000 candidate profiles, over 30,000 interviews conducted by PageGroup consultants every year and more than a decade of experience in the Swiss market.
Media Contacts:
C-Matrix Communications
Vicki Tanner
043 300 56 67
[email protected]
PageGroup
Sophie Kubik, Marketing Manager
044 563 95 83
[email protected]
Michael Page is a brand of “Michael Page International (Switzerland) SA”.
