BP Trading Internship (Chicago) interview advice

Based on the most helpful WSO content, here are some insights and advice for preparing for a technical interview with BP for their ST&S Trading internship:

1. Case-Related Questions:

   • Expect questions related to supply and demand dynamics, fixed price contracts, and potentially commodity risk scenarios. These are common areas of focus in trading-related interviews, especially for roles tied to commodities.

2. Preparation Resources:

   • Brush up on macroeconomic principles that influence commodity markets, such as oil and gas price fluctuations, geopolitical impacts, and market trends.
   • Familiarize yourself with financial modeling basics and how they apply to trading scenarios. WSO's Financial Modeling Resources and Excel Resources could be helpful here.
   • Review case studies or examples of trading strategies, particularly those involving hedging, arbitrage, or risk management.

3. Behavioral and Fit Questions:

   • Be prepared to explain why you are interested in trading and why BP specifically. Highlight any relevant coursework, internships, or personal projects that demonstrate your interest and capability in trading.
   • Practice answering questions about teamwork, problem-solving, and decision-making under pressure, as these are critical skills in trading environments.

4. Mock Interviews:

   • Consider scheduling a mock interview with professionals through WSO to simulate the technical and behavioral aspects of the interview.

5. General Tips:

   • Stay updated on current events in the oil and gas markets, as well as broader commodity trends.
   • Be ready to discuss real-world scenarios where you might need to analyze market data, make quick decisions, or manage risk.

Good luck with your interview!

Sources: Citi Superday Sales and Trading Advice, JP Morgan Global Finance and Business Management Program Internship, Advice: BP IST Finance & Risk Summer Internship, Q&A: Career start and progression across IBD // Restructuring // PE special sits