There are currently an estimated 482,200 stock traders in the United States. The stock trader job market is expected to grow by 7.4% between 2022 and 2032.
How employable are stock traders?
CareerExplorer rates stock traders with a B+ employability rating, meaning this career should provide good employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will need 40,000 stock traders. That number is based on 35,500 additional stock traders, and the retirement of 4,500 existing stock traders.
Are stock traders in demand?
Although the U.S. financial sector has undergone significant consolidation and noteworthy crises in the last decade, the Bureau of Labor Statistics reports that growth is resuming. General demand for investment banking and commodities trading advisory services and increased opportunities for people of average means to invest in mutual funds and trade stocks could accelerate the availability of trader positions. Some of this projected growth may be countered by individuals trading stocks online, without professional assistance. In general, competition for jobs will continue to be strong as the profession’s potential for high pay attracts many applicants.
What’s the supply of stock traders?
The stock trader industry is concentrated in New York, California, Texas
Stock Trader job market by state
| State Name | Employed Stock Traders |
|---|---|
| New York | 61,270 |
| California | 49,230 |
| Texas | 40,790 |
| Florida | 27,910 |
| Illinois | 19,870 |
| New Jersey | 14,500 |
| Pennsylvania | 12,290 |
| Colorado | 11,920 |
| Massachusetts | 11,500 |
| Ohio | 10,580 |
| North Carolina | 9,510 |
| Minnesota | 8,740 |
| Michigan | 7,970 |
| Georgia | 7,770 |
| Arizona | 7,670 |
| Connecticut | 6,560 |
| Washington | 6,440 |
| Missouri | 6,430 |
| Virginia | 6,320 |
| Wisconsin | 4,490 |
| Maryland | 4,460 |
| Indiana | 4,420 |
| Utah | 3,960 |
| Oregon | 3,890 |
| Tennessee | 3,760 |
| Kentucky | 2,980 |
| South Carolina | 2,600 |
| Iowa | 2,600 |
| Nevada | 2,500 |
| Louisiana | 2,290 |
| Delaware | 2,140 |
| Kansas | 2,070 |
| Nebraska | 2,030 |
| Alabama | 2,020 |
| Rhode Island | 1,890 |
| New Hampshire | 1,770 |
| Oklahoma | 1,650 |
| District of Columbia | 1,560 |
| Arkansas | 1,510 |
| Idaho | 1,190 |
| New Mexico | 1,120 |
| Maine | 900 |
| Montana | 690 |
| Hawaii | 690 |
| Mississippi | 580 |
| North Dakota | 560 |
| West Virginia | 550 |
| South Dakota | 520 |
| Vermont | 510 |
| Wyoming | 250 |
| Puerto Rico | 240 |
| Alaska | 190 |
