Maybe not the best time to take a banks FT offer?

I see that this topic has been touched on before but...I currently have a commodities trading related offer from one of the large energy/oil companies and with one of the large banks which has faired well thus far. I'd prefer to go with the bank which offers better compensation and a greater range in opportunities but with things so shaky right now, are the benefits of Wall Street worth the risk? Maybe this isn't the best time to be betting my future on an industry in distress right now if I don't have to. I'm not looking for a miracle answer here, but if anyone has an opinion I'd be interested in hearing it.

Comments (9)

Sep 14, 2008 - 11:54pm
aachimp, what's your opinion? Comment below:

don't listen to xqtrack. i would seriously consider the oil company. unless the bank is GS, Barclays, RBS, or some other bank which hasn't been cut open by subprime, i would go with the oil company. i think you'll have plenty of opportunities to jump to a HF after the oil company gig.

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Sep 15, 2008 - 1:46am
Anonymous Monkey, what's your opinion? Comment below:

Jamie Dimon won't think twice about fucking you over.

Sep 15, 2008 - 1:55am
trade4size, what's your opinion? Comment below:

Energy companies have better traders than banks. Take the energy trading offer.

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
Best Response
Sep 22, 2008 - 1:31am
N_ergy trader, what's your opinion? Comment below:

Thanks for the advice everyone. The bank is one of the above mentioned and there are really no concerns over it's continued existense. However, under FERC guidelines, a commercial bank or related company isn't even allowed to hold physical energy assets which most of the BB's do leading me to believe that commodities (and quite possibly S&T as a whole as a result of upcoming regulations) will be downsized in the near future. These groups have generally been profitable parts of the bank though so I can't imagine they would simply be dissolved; maybe sold or spun off. The offer is a rotation through commodoties after partaking in the regular S&T training program which I really like the idea of because I'm not well versed in finance and would like to learn more about markets in general. With all the unknowns though, it just may not be worth the risk anymore.

Nov 9, 2014 - 12:59am
bigsky009, what's your opinion? Comment below:

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