Front Office Internship + MSc in Finance or Full-Time ABDC?

Income Investing

M-Commodity

ST

3y

Thanks for the reply! May I know why I should discard Option 2 in your opinion?

Stonks are only going down

ER

3y

Most Helpful

Option 1, for sure.

What I guess your background is - Loughborough/Surrey-kinda University with a placement year, and you're either joining Cargill's Commercial Merchandising Trainee scheme in Lincoln or doing a summer at BP (?) and studying the master's.

The master's will offer better opportunities down the line, with a good possibility of landing a commodity trading gig in London/Switzerland instead of Lincoln where you'll be paid peanuts and simply won't have the exposure that would be beneficial down the line.

Yes there's uncertainty that you won't get anything good after the master's, but the risk/reward payoff here skews towards trying it.

Authored by: Certified Equity Research Professional - 1st Year AssociateCertified Equity Research Pro

Matsby

IB

1y

Is there any program to start as a trader assistant or trading trainee directly? Instead of staying at the middle office for almost 10 years?

Stonks are only going down

ER

1y

BP, Glencore, Trafigura and a few others have "grad trading" schemes where you rotate for 1-3yrs before "very likely" directly joining a phys trading role

Shell has one for experienced (2-5 yrs post grad) peeps

Authored by: Certified Equity Research Professional - 1st Year AssociateCertified Equity Research Pro

Matsby

IB

1y

I was told that these programs are extremely competed, however, the salary seems less decent than the S&T in banks. Are these kinds of programs crowded now?

Giffen Good vs Veblen Good

Stonks are only going down

ER

1y

programs are always crowded as they hire a literal handful (far less than banks) and receive lots of apps

Authored by: Certified Equity Research Professional - 1st Year AssociateCertified Equity Research Pro

thoroughbell

ST

3y

I'm biased but option 2. Having covered two very different commodity groups in the past I am of the belief that most commodities require the same kind of mentality just a matter of specifics regarding say what mode of transport is preferred or how storage works and the effects that has on your market. If you got a merchandising offer you are cash trading which won't be you swinging big risks and will be a small universe but you at least have some semblance of a book as opposed to energy where you will have to slug it out in ops for a few years before trading even if you are in a trader trainee program. So I think taking a masters would be a bit like putting your life on pause for a year or two to improve your chance to get into a trainee program where you will wait a few more years to have a chance to trade. That said, tough to spend the prime of your dating life in a sleepy small town so if you think you will hate it that much then go with the masters just be aware of the time opportunity cost.

Authored by: Certified Sales & Trading Professional - Junior TraderCertified Sales & Trading Pro

ST

VP in S&T - FI

Anonymous

1y

Repellendus suscipit sed voluptates consequatur rerum. Cum non minima non ex numquam facere nemo. Quas qui perspiciatis suscipit sit aut. Explicabo iure asperiores recusandae mollitia sint cum. Est aperiam eum minus possimus sit deleniti.

Fugiat sequi nobis non enim harum nostrum. Suscipit eos sed non a quia eius est. Non minus sed veniam quia numquam itaque ut. Deleniti error doloribus in eos vitae.

Ut voluptas qui incidunt. Et impedit aspernatur ipsa quis eum rerum. Eligendi quia magni eum occaecati ab. Voluptas voluptatibus cupiditate officia. Corrupti ullam hic est aliquid fuga quae.

Et quis nulla illum rem. Tempore qui aut ea ipsam temporibus. Expedita iste et voluptas quaerat. Excepturi pariatur voluptatem illum consequatur. Blanditiis et consequatur ut officiis voluptatibus dolorum. Reiciendis molestiae saepe consequuntur quia magnam sequi rerum. Vitae eveniet aut nihil fugit eos nisi consequatur.