Breaking into shipping

Breaking into shipbroking can be competitive, but with your background and upcoming MSc in Shipping, you're on the right track. Based on the most helpful WSO content, here are some actionable tips to help you land a junior/trainee/graduate shipbroking role:

1. Leverage Your MSc Program

• Networking Opportunities: Use your university's alumni network and career services to connect with professionals in the shipping industry. Attend industry events, guest lectures, and seminars to meet potential employers.
• Internships: Seek internships or part-time roles during your MSc program. Even short-term exposure to shipbroking firms can significantly boost your resume.

2. Highlight Your Banking and Maritime Exposure

• Your commercial banking experience can be a strong asset, especially if you emphasize transferable skills like financial analysis, client relationship management, and deal structuring.
• Showcase your maritime exposure, even if limited, to demonstrate your genuine interest and understanding of the industry.

3. Tailor Your Resume

• Focus on skills relevant to shipbroking, such as negotiation, market analysis, and client management.
• Include any coursework, projects, or certifications from your MSc that align with shipbroking.

4. Target the Right Firms

• Research shipbroking firms and create a list of target companies. Look for graduate programs or trainee roles on their websites.
• Use job boards like eFinancialCareers and LinkedIn to set up alerts for shipbroking roles.

5. Cold Outreach

• Identify professionals in shipbroking through LinkedIn or alumni networks. Send personalized messages expressing your interest and request informational interviews.
• If possible, find out who the hiring managers are and reach out directly with your resume and a tailored cover letter.

6. Develop Industry Knowledge

• Stay updated on shipping markets, trends, and key players. This will help you stand out in interviews and networking conversations.
• Consider joining industry platforms or forums to engage with professionals and gain insights.

7. Prepare for Interviews

• Be ready to discuss your motivation for entering shipbroking and how your background aligns with the role.
• Demonstrate your understanding of the shipping industry and its dynamics.

8. Be Persistent

• Breaking into a niche field like shipbroking requires persistence. Keep applying, networking, and refining your approach.

If you'd like a resume review or more personalized advice, consider reaching out to professionals in the field or leveraging your university's career services. Good luck!

Sources: An ex-Goldman Sachs insider’s 10 tips on how to sail through investment banking interviews, Q&A and Yet Another Post On How To Break Into The Buy-side, An ex-Goldman Sachs insider’s 10 tips on how to sail through investment banking interviews, Simplified Guide to Breaking in as Non-Target (EASIER THAN YOU THINK), Q&A : I'm a dry bulk physical freight trader / chartering manager