Equities Trader to Fixed Income/Bond Trader

Summary: 1 of the 6 core skills listed for Fixed Income/Bond Trader carry over directly from Equities Trader, and 2 more build on related experience. The US median salary changes by +13% ($150K → $170K). Difficulty: Challenging, typically around 9 months of focused upskilling.

The two roles

Equities Trader: Execute buy and sell orders for stocks and equity securities on behalf of clients or proprietary accounts.

Fixed Income/Bond Trader: Trade government and corporate bonds, managing fixed income portfolios and interest rate risk. Growth outlook +2%; AI-augmented (AI changes how the work is done, not whether it exists). Typical education: bachelor. Typical experience: 3-7 years.

Skills that carry over

• Bloomberg Terminal

Builds on related experience

• Fixed Income Analysis — builds on Bloomberg Terminal
• Credit Analysis — builds on Bloomberg Terminal

Skills to learn for Fixed Income/Bond Trader

• Interest Rate Risk
• Pricing Models
• Relationship Management

Salary comparison (median, estimated)

Salary figures are estimates benchmarked against public compensation data — see methodology.

Next steps

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Related

Equities Trader career guide | Fixed Income/Bond Trader career guide

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• Equities Trader to Portfolio Manager — 5 of the core skills carry over
• Credit Analyst to Fixed Income/Bond Trader — 3 of the core skills carry over
• Portfolio Manager to Fixed Income/Bond Trader — 3 of the core skills carry over
• Risk Analyst to Fixed Income/Bond Trader — 3 of the core skills carry over
• Investment Banker to Fixed Income/Bond Trader — 3 of the core skills carry over