I'm very interested in energy trading at places such as Exxon, BP, Hess and find the industry and work very interesting. If you start out in fixed income trading, would it be possible to transition into energy trading at a big oil company?
Thanks in advance!
I work for one of the major oil companies (not in trading). We hire a lot of our future traders through college recruiting and they develop by working in many operational roles such as scheduling and market risk. It is imperative that one knows how products (clean fuel, NGL, crude, etc) move.
What if you were willing to take the time to work in the operational roles to transition into the trading role. Would that be possible for someone who has worked in trading some other product in his/her career?
You would almost definitely have to do this. Your best bet would be applying (and networking a ton) and then work towards getting placed in one of the 2-3 year rotational programs that (as has been said) focus on scheduling, market risk, etc. That way, by the time you have a chance of trading, you know what you need to about the product you trade.
Also, as has been said, it is absolutely imperative that you know just about everything there is to know about your product.
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