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High Yield Trader Jobs (NOW HIRING)

Progressive

High Yield Portfolio Manager

Stamford, CT · On-site

$250K - $325K/yr

As a high-yield portfolio manager , you'll help manage Progressive's high‑yield bond portfolio ... trades. Compensation * Base: $250,000 - $325,000/year depending on position level and experience

Trading Interview

Analysts are embedded in a strategy-focused trading desk and the analysis you provide will directly ... high yield bonds * Providing real-time opinions on breakingnews on a corporate and macro level

SIG Susquehanna

Analysts are embedded in a strategy-focused trading desk and the analysis you provide will directly ... high yield bonds * Providing real-time opinions on breakingnews on a corporate and macro level

OPERS

Senior Investment Analyst - High Yield Credit Location: Columbus, OH, United States Date Posted ... OPERS Personal Trading Policy is required What OPERS offers * A collaborative, team-oriented ...

New

Deutsche Bank

US High Yield Consumer Analyst

New York, NY · On-site

$135K - $210K/yr

US High Yield Consumer Analyst Corporate Title: Associate - Vice President Location: New York, NY ... Experience working with sell side sales and trading desks * Experience working with buy side ...

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How much do high yield trader jobs pay per year?

As of Sep 11, 2026, the average yearly pay for high yield trader in the United States is $105,750.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,000.00 and $120,000.00 per year, depending on experience, location, and employer.

What is a high yield trader?

A High Yield Trader is a financial professional who specializes in buying and selling high-yield bonds, also known as junk bonds, which offer higher interest rates due to their increased risk. These traders analyze market trends, assess credit risk, and execute trades to maximize returns for their clients or firms. High Yield Traders often work for investment banks, hedge funds, or asset management companies, focusing on fixed income securities in the non-investment grade credit market. Their role requires strong analytical skills, deep knowledge of credit markets, and the ability to make quick decisions in fast-paced environments.

What are the key skills and qualifications needed to thrive as a high yield trader?

To thrive as a High Yield Trader, you need strong analytical abilities, in-depth knowledge of fixed income markets, and usually a degree in finance or a related field. Familiarity with trading platforms like Bloomberg, risk management systems, and relevant certifications such as the CFA are highly valued. Excellent communication, quick decision-making, and resilience under pressure are critical soft skills in this role. These competencies are vital for managing risk, identifying profitable opportunities, and succeeding in fast-moving, high-stakes trading environments.

What are some common challenges faced by high yield traders and how can they be addressed?

High Yield Traders frequently navigate volatile markets and liquidity risks, especially when dealing with less liquid or lower-rated fixed income securities. Staying updated on market trends, maintaining strong relationships with counterparties, and leveraging robust risk management tools are essential strategies for mitigating these challenges. Additionally, effective communication with research analysts and portfolio managers helps traders make informed decisions and quickly adapt to shifting market conditions.

What is the difference between High Yield Trader vs Investment Analyst?

AspectHigh Yield TraderInvestment Analyst
Required CredentialsBachelor's degree, possibly CFA or similar certificationsBachelor's degree, often CFA or related certifications
Work EnvironmentFast-paced trading floors, financial institutionsResearch firms, asset management companies, banks
Employer & Industry UsageInvestment banks, hedge funds, asset managersAsset management firms, banks, research firms
Common Search & ComparisonHigh Yield Trader vs Investment Analyst

The main difference between a High Yield Trader and an Investment Analyst lies in their roles. High Yield Traders focus on executing trades and managing portfolios of high-yield bonds, working in fast-paced trading environments. Investment Analysts, on the other hand, conduct research and analyze securities, including high-yield bonds, to provide investment recommendations. Both roles often require similar educational backgrounds and certifications, but their daily tasks and work environments differ significantly.

How much do high yield traders make?

High yield traders typically earn a base salary ranging from $70,000 to $150,000 annually, with total compensation often exceeding $200,000 when including bonuses and incentives. Compensation varies based on experience, performance, and the size of the firm, with successful traders earning significantly more through performance-based bonuses.
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High Yield Trader jobs near you
Infographic showing various High Yield Trader job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 86% Physical, 1% Hybrid, and 13% Remote job distribution, with an average salary of $105,750 per year, or $50.8 per hour.

High Yield Portfolio Manager

Stamford, CT • On-site

Progressive Casualty Insurance Company
See more jobs at Progressive Casualty Insurance Companyexternal

$250K - $325K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 5 days ago

Progressive Insurance rating

8.6

Company rating: 8.6 out of 10

Based on 601 frontline employees who took The Breakroom Quiz

Job description

Progressive is dedicated to helping employees move forward and live fully in their careers. Your journey has already begun. Apply today and take the first step to Destination: Progress.
As a high-yield portfolio manager, you'll help manage Progressive's high-yield bond portfolio, delivering strong total returns while protecting the company's balance sheet. In this role, you'll set investment strategies, make informed credit decisions, and maintain close connections to markets, issuers, and credit trends. You build and manage portfolios aligned to investment objectives and conduct in-depth issuer and industry research. Additionally, you'll implement buy, hold, and sell decisions across the capital structure and actively manage risk, liquidity, and exposure through market cycles.
Must-have qualifications
  • Bachelor's degree and a minimum of 7 years of relevant work experience.
  • {OR} Master's degree or higher and a minimum of 5 years of relevant work experience.

Preferred skills
  • Knowledge of high-yield strategies, bond math, yield curve dynamics, accounting, corporate credit analysis, covenants, macro-economics, and market regulations.
  • Prior experience presenting investment ideas in an organized and clear fashion.
  • Demonstrated skills defining problems, collecting and analyzing data, and drawing valid conclusions.
  • Ability to assume and manage investment risk.
  • Strong relationship-building skills with the ability to maintain relationships with dealers and complete trades.

Compensation
  • Base: $250,000 - $325,000/year depending on position level and experience
  • Gainshare annual cash incentive payment up to 110% - 180% (depending on position level) of your eligible earnings based on company performance and experience
  • Participation in our restricted stock units plan

Benefits
  • 401(k) with dollar-for-dollar company match up to 6%
  • Medical, dental& vision, including free preventative care
  • Wellness & mental health programs
  • Health care flexible spending accounts, health savings accounts, & life insurance
  • Paid time off, including volunteer time off
  • Paid & unpaid sick leave where applicable, as well as short & long-term disability
  • Parental & family leave; military leave & pay
  • Diverse, inclusive & welcoming culture with Employee Resource Groups
  • Career development & tuition assistance

Equal Opportunity Employer
Sponsorship for work authorization for foreign national candidates is notavailable for this position.
For ideas about how you might be able to protect yourself from job scams, visit our scam-awareness page at https://careers.progressive.com/pages/how-we-hire-faq-job-scams/
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