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I've got a year and a half left before completing my Msc. in Finance (in Continental Europe) and I'm starting to get desperate about a summer internship.I'm in a bit of a predicament right now since BB recruiting has come and gone and I don't have much to show for it. I've wanted to get into something macro for a while and I'm starting to look wider than your typical S&T desks.

I just applied for a summer internship at two ABCD companies and I'm starting to look more into ag/metals/energy trading although ags is probably my first choice. At this point, nothing about me really screams "into physical trading" so I'm wondering what kind of opportunities I could pursue to give myself a better shot. I'm thinking of doing something related like trade finance or shipbroking and maybe making the switch later and was wondering if that's at all realistic. Any suggestions?

Comments (5)

  • contagoman's picture

    Knowing about chartering/logistics and/or trade finance is a definite bonus for moving onto the trading desk at a pysical firm. If you can't get a summer internship with Trafigure/BP/Glencore (only people I know who offer those), then network your ASS off and try and get something at a place that doesn't have an online summer internship application thing; most of the big ag firms still have summer interns (Bunge, Cargill, Nidera, Louis, etc...), they just don't do OCR/online apps.

    If that doesn;t work, hit up shipbroking desks and or banks with trade finance arms. Being in Europe you have a bit of an advantage here. Most commodity trade finance is handled by European banks (BNP, DB and Standard Chartered are particularly big).

    If THAT doesn't work out, you could try either research work with some of the trade publications (Kinsgman for sugar, Metal Bulleting for metals, Platts for Oil & gas, IHS for Coal, etc...), or research at a commodity futures brokerage firm.

    If all esle fails, try warehousing companies (i.e. Steinweig, Henry Bath, etc..). You'll get valuable insight into how commodities are stored, handled, transhipped, etc... Very useful in metals and softs (cocoa, coffe, etc..)

    PM me if you want any more advice

  • contagoman's picture
  • GoodBread's picture

    Silver bananas. Just giving you props for that response (and thank you for the credits, powers that be).

  • contagoman's picture

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