Energy trading - Graduate gig at BB
Hello team,
I've got a graduate gig at several BB ib's and a large utility. I am very interested in the utility as I firmly believe energy trading is the future.
The problems I have is being offered ~80k at the BB's and ~45k at utility. Also the two year graduate program for the utility, meaning I would not be considered for bonus or be an actual trader until 2015 (if I start 2013). And the utility is based in the middle of nowhere and not a trading hub, ie NY, Houston etc... (The ultility trades oil, gas, coal, freight, pretty much everything)
My question is where would you go, and how tangible it is to move to a trading house (glencore, vitol etc..) from a utility?
Kind regards, and a merry xmas to all
Curtis
take BB job
Yes, agree, take the BB job
Agree, take the BB. Probably not a better source for this kind of question than Monty
Thanks guys. Any particular reasons, esp considering wanting to make the jump to glencore/ vitol in the future?
To make something a little clearer as I failed to explain it properly above, the BB job's are not in Energy Trading, of the 3 offers I have they are in Rates and Credit.
not many utl traders are going to vitol/glencore...period
I have an offer to as a trainee energy trader with a utility. What do you mean by when you say that not many utility traders are going to Vitol/Glencore. do you mean they wouldn't wont to or wouldn't be able to? I hoping to move to a company like Vitol/Glencore after a few years.
Exactly what he meant. You are not moving to those places, you are not a trader. You are an optimizier. Your next move is to move to a trade shop.
Stop hoping, start performing instead.
Where is it located?
Take the BB and worry about kicking ass/making your PnL first. Everyone wants to go to Vitol/Glencore/Trafigura but focus on point A not point Z
Blender, can you share what a typical path to vitol/glencore/traf trading would be like? I feel like I've heard that their programs for new grads don't lead to trading there and obviously the bp/shell route would only help for oil products.
There really isn't a typical path and if there was, it would be something along the lines of be a great trader at whatever shop you are at with a huge PnL and have a recruiter call you when an opening pops up. I think there is a lot of mystique or prestige chasing on this forum about these physical commodity shops; sure they pay can be great IF you can perform.
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