For the more senior people on WSO (probably wrong forum),
Would you rather take a full-time offer w/ the Finance Division at an Investment Bank (Barclays/Deutsche/UBS level)
or
a Electric Trading Analyst gig at Hess/ExxonMobil/BP
assuming that I may want to eventually move into some sort of trading...just gauging the crowd...it's name + risky exit opps vs. no name and transferable skills.
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Definitely electric trading. In fact, my friend wants to do this specifically.
Your case is much stronger in a trading role than a middle/back office role. Name isn't everything: your best chances of lateraling/great exit opps are probably in the trading role. I think you'll find no one will suggest the finance role, but if anyone has any arguments otherwise, definitely please do tell.
Good luck!
If your goal is to get into trading, than why start middle office when you have to chance to be a trading analyst? Energy traders at the energy/oil companies are well respected in the industry and usually have the chance to move to a bank/HF anyway if they want (most of the energy traders at banks were once with an energy/oil company). On top of all that, electricity is a very interesting and complex area to trade and a very promising area for the future. One of the areas within commodities I'm most interested in myself.
For the advice so far...I am definitely giving it thought. Not only that, the location of the Trading Analyst is literally a 7 minute drive from my house.
all it comes down to is salary...
I will keep you posted, but do let the opinions continue.
Double Post Sorry
If you want to make more money and are very risk-tolerant, then trading.
If you are more risk-averse, detail-oriented,want stability in a job, and like a more relaxed environment, then finance.
If you were to go the finance route, it's probably much better to go Big 4 Audit initially and then lateral into the finance dept of a bank.
It's not EXACTLY trading yet...any thoughts?
The ideal candidate for our Energy Marketing business will support traders and marketers on the wholesale electric desk with transaction valuation and market analysis. Provide electric trading desk with transmission and congestion related analysis. Develop models to value and price electricity derivatives and other structured products. Recommend hedging strategies. Analyze and advise traders and marketers on the risks associated with proposed transactions. Analyze and monitor market risk of wholesale electric portfolio, and identify positions that pose a significant risk. Analyze and evaluate various transmission paths and assist the trading desk with congestion <span class="keyword_link"><a href="/company/management-strategies" target="_blank">Management Strategies</a></span>. Learn and become proficient in the use of the wholesale electric trading system and in the use of the production costing, transmission and power flow analysis software. Develop expertise in energy markets. Develop an in-depth knowledge of the bulk power system.Quis ipsum dolore unde. Non maiores quia exercitationem rem. Voluptate animi est et facere natus corporis reprehenderit. Omnis doloribus tenetur voluptas rerum provident natus ea. Tempora pariatur quis culpa consectetur. Voluptatem nobis voluptate illo corporis. Est dolorem nisi asperiores eos itaque explicabo expedita.
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