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Fixed Income Trading Jobs in Michigan (NOW HIRING)

SAP FICO - Consultant

Dearborn, MI · On-site

$58 - $79.25/hr

Fixed Income Trading and confirmation * Reconciliation * Familiarity with application delivery and the use of test driven, iterative, and Agile development principles and tools * Ability to think ...

Trader

Detroit, MI · On-site

Extensive trading experience across a broad range of asset classes, including equities, ETFs, mutual funds, fixed-income, and structured notes. * Proven expertise trading sleeves (UMAs) in a Trade ...

In-depth understanding of mortgage loan pricing, bond pricing, and fixed income market dynamics ... trading * Capacity to coach and mentor other team members What you'll get Our team members fuel our ...

In-depth understanding of mortgage loan pricing, bond pricing, and fixed income market dynamics ... trading * Capacity to coach and mentor other team members What you'll get Our team members fuel our ...

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Showing results 1-20

Fixed Income Trading information

See Michigan salary details

$37.9K

$94.7K

$170K

How much do fixed income trading jobs pay per year?

As of Jun 30, 2026, the average yearly pay for fixed income trading in Michigan is $94,738.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,200.00 and $114,200.00 per year, depending on experience, location, and employer.

What is the difference between Fixed Income Trading vs Fixed Income Sales?

AspectFixed Income TradingFixed Income Sales
Primary RoleExecuting bond and debt security trades for clients or firmBuilding client relationships and selling fixed income products
Work EnvironmentFast-paced trading floors, financial institutionsClient-facing, relationship management
Required SkillsMarket analysis, trading strategies, quick decision-makingCommunication, client service, product knowledge
CertificationsSeries 7, 63, 65/66 often requiredSeries 7, 63, 65/66 often required

Fixed Income Trading involves executing bond trades and managing market risks, focusing on market strategies and quick decision-making. Fixed Income Sales centers on client relationships and selling fixed income products, emphasizing communication and client service. Both roles often require similar certifications and work within the same industry environment, but their core functions differ significantly.

What is fixed income trading?

Fixed income trading involves the buying and selling of securities that pay fixed interest or dividends, such as government and corporate bonds. Traders in this field analyze economic trends, interest rates, and credit risk to make informed decisions about when to buy or sell these securities. The goal is to generate returns for investors while managing risks associated with interest rate fluctuations and issuer creditworthiness. Fixed income trading can take place in various markets, including over-the-counter and exchange-traded platforms.

What are some common challenges faced by professionals in Fixed Income Trading, and how can they be addressed?

Fixed Income Trading professionals often encounter challenges such as managing interest rate risk, staying updated with rapidly changing market conditions, and ensuring regulatory compliance. Successfully navigating these challenges requires strong analytical skills, real-time market monitoring, and close collaboration with research teams and compliance officers. Building effective communication with sales and portfolio management teams also helps in making informed trading decisions and adapting strategies as market dynamics evolve.

What job makes $10,000 a month without a degree?

Fixed income trading can offer high earning potential, with experienced traders sometimes earning $10,000 or more per month through commissions and bonuses. Success in this field typically requires strong analytical skills, market knowledge, and experience, but a formal degree is not always mandatory if one has relevant skills and certifications like the Series 7 or Series 63. However, such high earnings are usually associated with significant experience and performance in the financial industry.

Is fixed income trading a good career?

Fixed income trading involves buying and selling debt securities such as bonds, requiring strong analytical skills, market knowledge, and the ability to manage risk. It is often considered a competitive field with high earning potential and demanding work hours, especially in investment banks and asset management firms.

How much does a fixed income trader make?

Fixed income traders' salaries vary based on experience, location, and firm size, but they typically earn between $70,000 and $150,000 annually, with senior traders and those in major financial centers earning higher compensation including bonuses. Compensation often includes base salary, performance bonuses, and sometimes profit sharing, reflecting their trading success and market conditions.

What do fixed income traders do?

Fixed income traders buy and sell debt securities such as bonds, government securities, and corporate bonds on behalf of financial institutions or clients. They analyze market conditions, assess risk, and execute trades using trading platforms, often working under tight deadlines and requiring strong analytical skills. Their goal is to generate profit while managing risk within the fixed income market environment.

What are the key skills and qualifications needed to thrive as a Fixed Income Trader, and why are they important?

To thrive as a Fixed Income Trader, you need a strong understanding of financial markets, fixed income instruments, and quantitative analysis, often supported by a finance degree or relevant certifications such as CFA. Proficiency with trading platforms (e.g., Bloomberg Terminal), risk management systems, and financial modeling tools is essential. Strong analytical thinking, attention to detail, and effective communication are vital soft skills for making informed decisions and managing client relationships. These skills and qualifications are crucial for navigating complex markets, optimizing trade performance, and ensuring compliance in a highly regulated environment.
What are popular job titles related to Fixed Income Trading jobs in Michigan? For Fixed Income Trading jobs in Michigan, the most frequently searched job titles are:
What cities in Michigan are hiring for Fixed Income Trading jobs? Cities in Michigan with the most Fixed Income Trading job openings:
Infographic showing various Fixed Income Trading job openings in Michigan as of June 2026, with employment types broken down into 94% Full Time, and 6% Contract. Highlights an 94% In-person, and 6% Remote job distribution, with an average salary of $94,738 per year, or $45.5 per hour.

Fixed Income Portfolio Manager

Fifth Third

Grand Rapids, MI • On-site

Full-time

Posted 8 days ago


Key responsibilities

  • Manages fixed income assets within established investment policy guidelines under direct supervision in a team environment.

  • Implements policies and programs approved by management and the Investment Committee.

  • Conducts and communicates sector and security research analysis.


Job description

Make banking a Fifth Third better
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

Manages fixed income assets for one or more fixed income strategies across Wealth & Asset Management, as needed. Operates within established investment policy guidelines providing investment management, client service, and support of new business efforts. May assist more senior Fixed Income Portfolio Managers with major accounts.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Working directly with the Municipal/Tax Exempt Team.
  • Under direct supervision, manages fixed income assets within established investment policy guidelines within a team environment.
  • Implements policies and programs approved by management and the Investment Committee.
  • Provides support with marketing and relationship management efforts.
  • Builds awareness of new investment strategies, techniques, and products through regular contact with other industry professionals, and through internal and external research.
  • For individually managed accounts, invests fixed income assets according to the applicable investment policy statement to deliver a competitive rate of return relative to the client's benchmarks and/or objectives.
  • Assists more senior Fixed Income Portfolio Managers with larger, more complex relationships.
  • Conducts and communicates sector and security research analysis.
  • Aids in the formation of investment strategies.
  • Aids in the execution of investment strategies.
  • Participates in internal and external communication activities.
  • Supports the Trust Department trading and research functions as necessary.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

  • Bachelor's degree required in a related field. Advanced degree, such as MBA encouraged.
  • Professional certification such as a CFA encouraged.
  • Three or more years' investment experience, including investment decision-making.
  • Solid written, verbal, interpersonal and presentation skills.
  • Effective qualitative, analytical and problem-solving skills.
  • Experience in an environment that stresses both individual accountability and team based performance.
  • Proficient in the use of Microsoft Office software including Word, Excel, and PowerPoint.

WORKING CONDITIONS:

  • Normal office environment with little exposure to dust, noise, temperature and the like.
  • Extended viewing of CRT screen.
Fixed Income Portfolio Manager

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Cincinnati, Ohio 45202

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.