I was wondering what pays more in the long term and the skillset required in each of the positions?
I'm not really interested in coding hence I guess Origination/Structuring would be a better fit. However, as I'm currently in ER i would take neither job is my earnings prospects are lower...
Commodity trading at a physical shop has a higher ceiling than origination at a physical shop. No idea about banks.
What's the difference between a trader in physical and an originator? To me they almost feel like the same role
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Truly its a “it depends”. Some shops set it up that one side makes more than the other. While most merchants do not designate between the two.
For instance a financial driven trader may stare at the screen daily and reprice their risk. While originator/trader type may close a 5 year deal and know the rfps and assets they need to serve it and be out at dinners every night securing them.
Desk heads get paid more than anyone consistently and both types can get there.
both can do very well.
I have a friend who runs trading for a BB and he told me few years back.. his two highest paid staff members were in orig
Two different roles really, none of which involves coding.
Tou are asking whether you want to be a trader vs investment banker (that’s what origination and structuring are, bankers). Syndicate structured risk - that’s why they sit on trading floor
I agree with Marcellus and Monty, both can do very well. In my co its usually orig that has the bigger numbers each year but trading has its years aswell. Big payouts are pretty common on both sides.
Skill sets are different and preference plays a big role, do you prefer working on a few big deals with a couple of counterparties for a few months with more travel and meetings or would you prefer a faster pace of screen trading where you dont have to interact/entertain as many people?
Berran doesn't know what he's talking about here - I'm a Power and Gas trader and I spend 50% of my day coding - I have colleagues who do none but they are the older guys. Most jobs I have interviewed for in the last few years require coding but my oil, coal, freight trader colleagues do very little - they have 2/3 analysts doing it for them.
If you're at a physical house than originators aren't bankers either - they might be doing a bit matchmaking but they are actually dealing in physical product , warehousing risk at times, getting to the know the consumers and the product they need.
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Hi - I'm far more interested in the screen trading aspect. My question is if that's what a trading role in something like crude or refined products would look like, or if it's still more relationship-centric. My primary interest is gas/power but am joining a trade shop and may get put on other desks
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