Junior Trader Commodities salary in Iceland

Average Yearly Salary of Junior Trader Commodities in Iceland is approximately 14,401,295 ISK (100,541 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Junior Trader Commodities do?

A junior trader in commodities is responsible for assisting senior traders in executing trades and managing risk within the commodities market. They analyze market trends, monitor prices, and gather information to make informed trading decisions. Junior traders also maintain relationships with clients and brokers, ensuring smooth execution of trades and timely settlement. They work closely with research analysts to understand market dynamics and develop trading strategies. Junior traders must possess strong analytical skills, attention to detail, and the ability to work under pressure in a fast-paced environment. They should also have a good understanding of financial markets, commodities, and trading platforms.

Skills: Junior Trader, Commodities, Trading, Risk Management, Market Analysis, Financial Markets
Job industry: Commodities trading

How much does Junior Trader Commodities make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Junior Trader Commodities a well paid job?

Yes, our data shows that Junior Trader Commodities is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Junior Trader Commodities?

High salary for Junior Trader Commodities would be somewhere between 15,841,425 ISK and 20,881,878 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Junior Trader Commodities in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 14,401,295 ISK
Estimated Monthly Salary: 1,200,108 ISK
Estimated Weekly Salary: 276,948 ISK per week
Estimated Hourly Salary: 6,924 ISK per hour
By working as Junior Trader Commodities a person can save up to 5,650 USD per month or 67,795 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Junior Trader Commodities

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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