Commodity Grad Program vs Bloomberg Global Data

Hi guys, recent bachelor grad here with 2 outstanding offers. I'd appreciate some experienced advice on which one between the two is the better choice.

The former is at a major global trade house but the catch is that BBG offers 30% more in starting base + sign on bonus.

Which one should I choose, let's say in terms of long term payoff and short-medium term opp cost?

Comments (16)

Most Helpful
Jun 26, 2022 - 10:11pm
oil_quant, what's your opinion? Comment below:

Trade house for sure.  Bloomberg is a client support company and while their reporters are respected for what they do, I'm not sure their analysts or economists get anywhere the same amount of credibility.  I've never seen anyone move from Bloomberg/Reuters move to a commercial role at a major or trade shop. So if you want to trade or be adjacent to it, this is a no brainer.

Jun 26, 2022 - 11:19pm
landandsea999, what's your opinion? Comment below:

Thank you, that was very helpful. Do you know how much total comp will be at the trade houses (for either o&g or ag) after the training program? And maybe 4-5 years down the road?

Jun 27, 2022 - 12:01am
oil_quant, what's your opinion? Comment below:

Not familiar with ags. Energy you should be at 200k and up by then.  Maybe a lot higher, just depends on the circumstances.  
 

Don't worry about pay starting out.  I'm not a huge fan of the Bloomberg role because you are essentially supporting the data needs of the customer which first of all sounds kind of boring and second makes you one step removed from how money is made.  So I have doubts about the long term career prospects about this.  Though happy to be corrected.  The customer service reps at these companies have very high turnover, so I'm not sure it's that rewarding.

Jun 28, 2022 - 12:59am
landandsea999, what's your opinion? Comment below:

How does it sound for one of the ABCD? I've heard it's easier to become a trader there coming from the program vs energy and metals houses like Traf/Glen.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Jun 28, 2022 - 4:55am
Chargeupenergy, what's your opinion? Comment below:

Was in the same shoes, and everyday i thank who and what so ever the fact that i did not take the bbg offer. For me it was harder. as the location in of the trading house is terrible comparing to central of the city.

Bloomberg is not bad, if you long stabilities and good benefits, take it. Else you like to take some risk but have a higher upside. and more fun!( for me at least)

Jun 28, 2022 - 4:57am
Chargeupenergy, what's your opinion? Comment below:

Plus most trading house does give good bonuses even as a grad. + central city allowance and even some have free housing when international rotation. So the pay gap is theoretically smaller than you think

Jun 28, 2022 - 5:06am
landandsea999, what's your opinion? Comment below:

Very cool and yeah I'm leaning towards choosing the trade house much more now. BBG data job seems too mundane for a career and I guess even a switch/promotion to their internal ER wouldn't be nowhere as interesting as on the side of commercial players in like physical trading.

Anyway though, do you think it's wise / possible at all to negotiate at least a higher base (maybe 10-20% more) with the trade house by telling them that I have another competing offer?

Jun 28, 2022 - 8:01am
Chargeupenergy, what's your opinion? Comment below:

grad scheme wise, dont think you can, but worth a try if you are willing to, but think most of them are fixed. Junior non structured role, more possibilities.

Jun 30, 2022 - 1:49pm
landandsea999, what's your opinion? Comment below:

Voluptatem eaque in necessitatibus ratione quas est. Quia aut quam exercitationem. Doloribus quisquam enim labore alias unde a sit. Unde iste vel itaque nobis maxime.

Nulla dolores ut at illo et. Nostrum dolores dolore saepe modi porro nesciunt in. Sit non corrupti incidunt voluptas voluptatem sit.

Ut quo excepturi est. Sed commodi et et occaecati. Quod rem officia fugiat consequatur veritatis exercitationem.

Cum minus quo provident ut dolor. Soluta magni recusandae reiciendis. Quod dicta ut animi ut consequatur. Consequatur atque accusamus magnam. Repellendus at eos ex. Dicta omnis sit voluptas et quibusdam voluptas corrupti tempora.

Start Discussion

Career Advancement Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Lincoln International (= =) 99.2%
  • RBC Capital Markets (▲09) 98.8%
  • Bank of America Merrill Lynch (▲03) 98.4%
  • Macquarie Group Limited ABN (+ +) 98.0%

Overall Employee Satisfaction

August 2022 Investment Banking

  • Jefferies & Company (▲13) 99.6%
  • Lincoln International (▲05) 99.2%
  • Greenhill (▲07) 98.8%
  • PJT Partners (▽03) 98.4%
  • Macquarie Group Limited ABN (▲22) 98.0%

Professional Growth Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • PwC Corporate Finance (▲14) 98.8%
  • RBC Capital Markets (▲11) 98.4%
  • Bank of America Merrill Lynch (▲04) 98.1%

Total Avg Compensation

August 2022 Investment Banking

  • Director/MD (10) $613
  • Intern/Summer Analyst (311) $414
  • Vice President (38) $392
  • Associates (207) $257
  • 2nd Year Analyst (126) $164
  • 3rd+ Year Analyst (18) $159
  • 1st Year Analyst (416) $151
  • Intern/Summer Associate (80) $148