#1 - Technical Analyst:
A technical analyst is a person having the skills and knowledge necessary to explore financial markets and identify opportunities to make financial gains. Their responsibilities primarily include analyzing the price action of securities and making predictions concerning their future direction. Usually, they work in investment agencies, brokerage houses, and similar organizations. The average salary of these professionals ranges between $79,381 and $98.,647 per year as of July 29, 2024, in the US.
A list of top companies hiring technical analysts includes Fisher Investments, Bank of America, Citizens, and JMP Securities.
#2 - Trader:
Traders are individuals hired by organizations to make financial gains by making the most of the opportunities available in the market. They carry out thorough research and primarily rely on technical analysis to predict price movements. They even buy and sell financial instruments on the same day in an attempt to generate gains. On average, traders earn $55,947 in the US, on average as of July 29, 2024. However, this figure varies depending on multiple factors, like work experience, size and reputation of the company, etc.
Companies like Bank of America, JPMorgan, Morgan Stanley, and Franklin Templeton Investments hire traders.
#3 - Equity Research Analyst:
Such analyst carries out extensive research and analysis concerning stocks or equity. They conduct thorough analyses of different companies’ financial information. Moreover, they analyze the trends of the stocks to form an opinion regarding future price movements and create a report on their detailed analysis. Simply put, equity research analysts are responsible for giving their verdicts to the clients regarding the former’s investments, helping them make well-informed buy and sell decisions.
The average salary of such analysts in the US is $77,379 as of July 29, 2024.
Some top companies hiring such an analyst include Goldman Sachs, Credit Suisse, JPMorgan Chase, and Morningstar.
Traders
Demonstrate Key Skills