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Do you want to keep trading gas, if yes then stick with what your doing. If no, pursue the vc
right, solid enough. just curious about in terms of comp?
Would they be similar in terms of comp ceiling?
I am guessing you have a very unique background (maybe engineering degree or so) to be getting looks that early on. I think they are much different skillsets and really depends what you want to do.
Not at all, I'm a econ degree holder. I'm not sure what I'm interested in long term but I just dont really want to be trading phys molecules in 20 years. Tough one for sure. Do you think it's a bad time to get into VC also given the current market outlook?
Appreciate your thoughts as always Marcellus
Well something in your profile fits "banker" as well as "phys trader". I would say based on the people I know who went that route their skills was very close to being more on the "origination / physical gas trader" side of things.
Meaning they go to all the LDCs, they collect rofrs on pipes and small AMAs to keep rolling forward. They understand the scheduling tricks and so on.
So being a VC is not that different from knowing in two years some pipe could congest and building a business to execute that strategy. That said I think VC (due the day-to-day) will have much more transferable skills to other industries versus physical commodities.
Comp, truly do not know much on comp for VC world that said my impression from outside is that average phys gas trader comp is much stable than VC but as mentioned, less transferable skills so more senoir get harder to move and receive similar comp.
Market environment; if you listen to HCinsider podcasts or follow what some of the banks are doing there is a major glut right now for "energy origination" so would think the VC market outlook would have to be similar since energy transition requires new investment/technologies and so on. Lots of vendors like Orennia have popped up so I assume they have clients who are busy looking at this stuff.
I think this is your answer. I can't offer any insight into if VC will be right for you, but listening to that subconscious voice is never a bad thing.
When you say you don’t want to do phys gas in 20 years. Do you just mean gas trading in general? If not have you ever thought about going to the power side or orig?
Not super interested in strictly power trading either, I think orig is super interesting to me..
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