Offered a Real Time Trader job at a respectable utility with a tricky situation. Thoughts?
So I have been derivatives at a small-mid size prop firm for an year. Recently I got an offer at a utilities firm for a real time power trader position. The only problem is that they are being bought out by another firm and I am not sure if the position might get eliminated in the near future. The regulatory commissions still need to give their verdict. Initially the Managing Director as well as the Director of the Trading floor said that the position will stay. But when I spoke to the Director of Origination, he mentioned uncertainty in the near future and whether I was comfortable with it. Honestly I really liked the trading floor when i visited them and like the culture of the firm as well. This is in addition to my strong desire to switch to the physical side of trading. Any thoughts/comments from the more experienced folks here?
I think monty09 and F430 16rl DankyKong might be able to offer some insight. They have been in the power markets for a while.
Thanks for tagging them!
It's a tough one... If you really wanna get away from the prop side of things, it might be worth the risk. If you're not desperate, it might be wiser to wait, if you can.
Honestly my prop firm isn't doing too well. So its a sinking ship anyway. I am just worried about getting laid off if the acquisition is approved. Any experience being the new hire at a company being acquired? Appreciate your thoughts.
Not exactly, but something similar... It's a pain and lots of stress at a time when you're likely to have little leverage and understanding. An experience to be avoided, all else being equal.
On the one hand, sounds like it's a good opportunity, it's something you wanna do anyways and it sounds like you don't have much to lose. Could be a no brainer indeed.
Obviously, the one risk for you is that you could end up with something that doesn't look too attractive on your CV. Still it sounds like it's worth it.
no brainer. accept the job if you truly believe this statement you made, "Honestly I really liked the trading floor when i visited them and like the culture of the firm as well. This is in addition to my strong desire to switch to the physical side of trading"
Thanks monty09
If your firm is doing badly, "sinking ship" is quite strong, this is a pretty cheap option and I'd make the move
Thanks twoplustwo85, I actually also got offered a risk analyst position at a smaller energy/power firm. So I might just take it and make it work!
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