Commodity trading career path
I am a new graduate who has recently received a job offer from one of the leading energy companies in the APAC region, especially strong in LNG. My major was in finance. I have several questions about career paths.
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I have repeatedly expressed my desire to become an LNG trader to the company's MD and HR, but I wonder if my initial role will primarily involve LNG research.
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As a step up, I am interested in challenging myself at major companies like Big Major, Trafigura, or Mercuria. Are there currently openings for LNG traders/analysts in recent years? I would like to know about future demand and such.
Thank you.
Congratulations on your job offer! It sounds like you're on an exciting path towards a career in LNG trading. Based on the most helpful WSO content and insights from industry professionals, here's some guidance for your questions:
Starting in LNG Research: It's quite common for new graduates, especially those with a finance background, to start in research roles within the commodities sector. This foundational step allows you to gain in-depth knowledge of the LNG market, including supply and demand dynamics, pricing trends, and regulatory impacts. Expressing your desire to become an LNG trader is a good move, as it shows your ambition and interest in the trading aspect. Starting in research can be a strategic move, as it equips you with the necessary knowledge and analytical skills that are crucial for a successful trading career. Keep showing initiative, learn as much as you can, and look for opportunities to get involved in trading activities, even if it's just shadowing traders or assisting with analysis for trading decisions.
Career Progression to Major Companies: Major companies like Big Major, Trafigura, or Mercuria are always on the lookout for talented individuals, but the openings for LNG traders or analysts can vary from year to year, depending on market conditions and internal needs. The demand for LNG traders and analysts is influenced by the global energy market, LNG supply and demand dynamics, and geopolitical factors. To increase your chances of moving to these companies in the future, focus on building a strong track record in your current role, network with industry professionals, and continuously enhance your trading and analytical skills. Keep an eye on job openings at these companies and consider reaching out to recruiters or employees within your network to express your interest and learn more about potential opportunities.
Remember, the path to becoming an LNG trader involves gaining experience, building a network, and continuously learning about the market. Stay proactive, seek out mentorship, and take on challenges that come your way. Good luck on your journey!
Sources: Q&A: LNG trader, Q&A: LNG trader, Q&A: I'm an Agricultural Commodities Trader, Q&A: Commodity Energy Merchant, Refined fuels trading experience but lackluster Engineering GPA
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