San Francisco, New York and Los Angeles rank as the top earning cities for trading and finance professionals
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
A new study by DailyFX has revealed which cities in the world are the best for top earnings, as well as looking at the number of career opportunities and which skills and experiences can increase your salary the most.
Best Cities For Professionals Working In The Trading And Finance Industry
For those working in the trading and finance industry, earning potential as well as location of work are often of a high desire. Whether it’s working from your laptop on a sandy beach resort or being in the city where the heart of the action is, finding the perfect location is important.
A study by DailyFX has shown which cities you should look to be working in if a high salary is at the top of your career wish list:
As the graphic above shows, San Francisco dominates the list for highest earning city for various roles within the trading industry. Investor Relations prove to be the highest paid job role with a salary of more than $86,000, followed by Actuaries and Budget Analysts.
New York, Los Angeles and Boston all fall closely behind San Francisco as the US dominates the list.
The Number Of Career Opportunities
In addition to salary potential, DailyFX looked into the number of career opportunities for each city within their study, Looking at the total number of financial roles and graduation finance roles, the research showed the following:
Unsurprisingly, London and New York lead the way with the highest number of roles available. Topping 32,000, London has nearly double that of New York, with 5.79% of those roles being entry level or graduate. This is followed by New York’s 4.54% before we see a big drop in Boston of just 1.16% of roles being entry level.
For those who are looking into trading specific roles, we see a similar correlation. New York, combined with London make up 42% of all trading roles available during the time of research. The US continues to show it’s the capital of the trading world as it makes up the bulk of the locations with the highest number of roles. 59% of the 24,174 trading roles are in the US with only Zurich and Frankfurt providing Europe’s next best locations.
Once again, for those looking for high salary earning positions, New York, Los Angeles and San Francisco lead the way.
Top Locations For High Earnings
As the table below shows, these are the top three locations for where trading roles earn the most:
FX Traders can earn the highest amount of all trading roles at $98,280 in San Francisco, with Los Angeles and New York ranking as the second and third highest paying states.
London makes an appearance ranking as the third best country for both Commodity traders and equity brokers, paying on average $53,000 for both roles.
For more information on which cities offer the highest paying trading and finance roles as well as the cities have the highest opportunities, click here.