How much does a Foreign Exchange Trader I make in Farmington, MI? The average Foreign Exchange Trader I salary in Farmington, MI is $84,176 as of February 26, 2024, but the range typically falls between $46,293 and $107,852. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Foreign Exchange Trader I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Foreign Exchange Trader I Salary $31,746 Farmington,MI February 26, 2024
25th Percentile Foreign Exchange Trader I Salary $46,293 Farmington,MI February 26, 2024
50th Percentile Foreign Exchange Trader I Salary $84,176 Farmington,MI February 26, 2024
75th Percentile Foreign Exchange Trader I Salary $107,852 Farmington,MI February 26, 2024
90th Percentile Foreign Exchange Trader I Salary $129,409 Farmington,MI February 26, 2024
25% $46,293 10% $31,746 90% $129,409 75% $107,852 $84,176 50%(Median) Didn’t find job title? Click
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What skills does a Foreign Exchange Trader I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Mortgage Servicing: A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities.

3.

SAS: SAS (Statistical Analysis System) is a statistical software suite developed by SAS Institute for data management, advanced analytics, multivariate analysis, business intelligence, criminal investigation, and predictive analytics.

Analysis 0.02%
Mortgage Servicing 0.01%
SAS 0.01%
Others 99.96%

Job Description for Foreign Exchange Trader I

Foreign Exchange Trader I is responsible for the timely buying and selling of foreign currencies. Recommends competitive foreign exchange rates based on market performance. Being a Foreign Exchange Trader I reviews orders to ensure accuracy, proper record keeping, and conformance to regulations. Carries out trades and maintains the corporation's accounts. Additionally, Foreign Exchange Trader I requires a bachelor's degree in area of specialty. Typically reports to a manager. The Foreign Exchange Trader I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Foreign Exchange Trader I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Foreign Exchange Trader I in Farmington, MI

Career Path for Foreign Exchange Trader I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Foreign Exchange Trader I, the first career path typically starts with a Foreign Exchange Trader II position, and then Foreign Exchange Trader III.

The second career path typically starts with a Trader (Options) position, and then progresses to Trader (Options), Sr..

The third career path typically starts with a Trader (OTC) II position, and then progresses to Trader (OTC) III.

Additionally, the fourth career path typically starts with a Trader (Corporate Bonds) II position, and then progresses to Trader (Corporate Bonds) III.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Foreign Exchange Trader I salary varies from city to city. Compared with national average salary of Foreign Exchange Trader I, the highest Foreign Exchange Trader I salary is in San Francisco, CA, where the Foreign Exchange Trader I salary is 25.0% above. The lowest Foreign Exchange Trader I salary is in Miami, FL, where the Foreign Exchange Trader I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Foreign Exchange Trader I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
46293
107852
84176

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
51554
188452
109328
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Foreign Exchange Trader I in Farmington, MI. The base salary for Foreign Exchange Trader I ranges from $46,293 to $107,852 with the average base salary of $84,176. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $51,554 to $188,452 with the average total cash compensation of $109,328.
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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

46293
107852

 

Step 3 of 3

How much should you be paid?

About Farmington, Michigan    Farmington is a city in Oakland County of the U.S. state of Michigan. It is one of the northern suburbs of Detroit. As of the 2010 census, the city po....More

Farmington, Michigan  area prices were up 1.2% from a year ago    View the Cost of Living in Farmington, Michigan

Foreign Exchange Trader I Salary in popular cities: DetroitGrand RapidsWarren

Skills associated with Foreign Exchange Trader I: Order Processing, Brokerage Trading Software, FX Regulations, FX Trading ...More

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