Exit Opps Finance at Glencore/Traf/Vitol??
What are the exit ops/career progression after 2/3yrs of a Finance role at a major commodity trading house? can I move into a trading position at these houses/ join commodities desk at an IB?
"can I move into a trading position at these houses/ join commodities desk at an IB?"
Anything is possible if you're savvy enough. Using the experience to transfer within one of the trade shops would be easier than trying to use it to get into a trading seat at an IB though. Also, the cultures of both are going to be completely different and what the trading consists of is going to be entirely different too.
Based on the most helpful WSO content, transitioning from a finance role to a trading position within major commodity trading houses like Glencore, Trafigura, or Vitol is indeed possible. However, it's important to note that this transition would likely require you to gain a deep understanding of the commodities market and the specific operations of the trading desk you're interested in.
In terms of career progression, it's common to start in a support role, assisting senior traders and gradually taking on more risk over a few years. This path can be quite interesting, entrepreneurial, and challenging, and potentially more lucrative than a more derivative-focused, client flow type role.
As for exit opportunities, it's not uncommon for individuals in these roles to move into commodities desks at investment banks. However, this would likely depend on your performance, networking abilities, and the specific opportunities available at the time.
Remember, it's crucial to continue learning and growing in your current role. If you don't feel yourself plateauing any time soon, it might be beneficial to stick with your current position for a little longer before making a transition.
Hope this helps! Swing by anytime you need more advice.
Sources: Stay on commods desk at BB or move to glencore/trafigura?, https://www.wallstreetoasis.com/forum/trading/compensation-at-oil-majors-and-physical-houses-for-traffic-desk-and-traders?customgpt=1, Why the focus on exit opps?
I think the best path forward is to try and get into the middle office at the trade shop you're at or a different trade shop. Going straight from finance to trading is probably going to be a difficult. Finance at a trade shop to trading at a BB are two completely different career paths. It would almost be like starting another career. Getting into the middle office at a trade shop puts you in a seat where you're talking to traders and learning how they approach markets. You can then start pitching trade ideas and strategies and can work your way up into a trader role over time.
I wouldnt necessarily say that the way you demonstrate competence, build rapport is to pitch trade ideas. Especially if you are doing that with a fraction of the experience and having that experience in a different department. I would just say that the rapport is built just by doing a good job, showing interest, and asking good questions.
Rapport is good too. Main goal should be to get in front of them and get them to trust you somehow. Could be trade ideas and strategies, asking good questions, etc.
Voluptatem amet et molestiae cumque est nostrum harum voluptatem. Consequatur voluptas corrupti quos eos non. Ipsum laboriosam est nihil qui aliquid. Cumque voluptas est maxime totam explicabo. Dicta laborum dignissimos aut est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...