Good idea to move to Calgary for Commodities internship?
Rising sophomore
I believe I can get a big4 audit/assurance, maybe f500 finance internship, anything more is uncertain/unlikely.
Would it be a good decision to move to Alberta for a sophomore summer internship for commodities marketing(Oil & Gas?).
PROS: Would involve generating pricing/commodity commenting reports, tracking commodity prices, pipeline flows, inventory levels, updating supply/demand models, and related stuff.
CONS: I would have to eat rental costs, wouldn't lose money over the summer but the take-home would be limited
Hoping to get into a pension fund/bank, currently nothing specific but I need a better internship to get there.
Commodities marketing is great and definitely a strong pipeline into capital markets roles (seen both S&T and IB). You’ll probably be an especially strong candidate for capital markets in Calgary due to the energy exposure, but I’m sure roles in Toronto (particularly S&T) would be possible as well if you have a strong network there.
Based on the most helpful WSO content, here are some insights regarding your situation:
Pros of Moving to Calgary for a Commodities Internship:
Cons of Moving to Calgary:
Additional Considerations:
Conclusion:
Moving to Calgary for a commodities internship could be a strategic move if you are looking to build a career in commodities trading or finance. The specialized experience and industry exposure could outweigh the financial costs, especially if it aligns with your long-term career goals. However, carefully consider your financial situation and weigh it against other potential opportunities.
If you need more personalized advice, consider discussing this with mentors or professionals already working in the field.
Sources: Calgary IB Rankings, Can we get a list going of sophomore summer 2019 programs/internships? (Confused), Oil and Gas IB Future, Advice for a 21-year-old entering BB S&T?, A Warning on the Wells Fargo Securities Investment Banking Summer Analyst Program
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That sounds like a truly great opportunity. I would do it if I were you.
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