Shell vs RWEST - no idea which one to choose
Been a huge fan of WSO for a few years now, would greatly appreciate some help!
I have two grad job offers and no idea which one to go with;
Shell as part of their Commercial scheme, so two 18 month rotations (36 month contract), first one will be in Supply operations and 2nd rotation I can choose where I want to go.
Pros:
Great Pay
Freedom to move around the company and internationally
Good job security after grad scheme
Cons:
Small chance of moving into trading (highly competitive internally)
Very long contract 36 months as a grad
I can potentially be put into the management side of supply (the suck)
RWE S&T as part of their energy trading grad scheme, three 6 month rotations (18 month contract). RWE S&T is big on Power and Coal trading, growing in Gas trading and an ok presence in Oil.
Pros:
I can choose my own job rotations and locations
Great mix of prop and physical trading
Start trading after 2 years
Great future pay prospects
Cons:
LOW pay for energy trading
No job security after the 18 month contract
Not great for Oil trading but big on Power, Coal and Gas
Would really appreciate some input. Cheers!
Go with RWE, it sounds like that will suit you best given all you have told us about your background, your interests and your career goals
I probably should have said something about myself!
I have a masters in Chem Eng and interned at Exxon and IBD BB. I know a decent amount about the physical & prop side of oil and gas. I wanted to start of in the operations side of trading, dealing with shipping, blending and scheduling, which Shell offers but they have separated this part from trading where as RWE hasn't. So my main problem with RWE is that they are very focused in coal and power. I don't really know much about these markets but from what I have read coal and power aren't as exciting. Also, Swindon is a major shithole to live in...
So it is either I take the job I want to do now in a supermajor I want to work for against a job I aspire to have but not the products I want to trade.
I think it's really a choice between crude and products vs. power & gas. Both are top names in their field and I would think that even if you don't get a trader seat at Shell, you could bounce back in scheduling somewhere else. Shell is the King Kong of oil and products trading, they dominate dirty and clean tanker fixtures (Unipec excluded).
Coal is getting more interesting, and it's strongly related to dry freight and iron ore markets which have some room to grow but I don't know whether that justifies going with RWE over Shell. Hopefully guys like monty or marcellus_wallace will have some advice.
My fear with coal is that the growth is limited, with European shale gas taking off, it seems in the next 5-10 years gas will begin to replace many of the Coal plants in Europe. I am more excited by LNG which is set to grow substantially in the next few years with the new potentially arctic routes between europe and asia, which Shell has a good slice of the cake in. Is it generally heard of for people to move from corporate role to physical trading?
I should point out, RWE does do gas trading but it is very weak, the gas-oil indexation helped them net a tidy loss of about $1bill. But the oil & gas team is pretty small and very difficult to get into. RWE does very well in CO2 emissions trading, which is set to grow.
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