Glencore - How true is this?
Definitely one of the toughest bunch of traders on the street. I'm doing a little bit of research into these guys before recruitment season, and from what I've read they're aggressive but have a real 'boutique' feel. How true is this?
You'd imagine the whole culture could change once the IPO finally settles. The guys at the very top will cash out & make their ungodly amounts of money, but that same get-life changingly-rich opportunity won't be there for the senior managers and other guys who joined over the past 5 years under that same dream.
Unclear how this could affect the 'boutique' feel, but overall they're a good firm and have some damn strong trading talent.
I know they screwed some of the houston guys over when they moved -- ie: they didn't say anythign about closing down the Houston office and were still hiring, then BOOM, a month later the new hires have to either relocate or find yet another job.
Do realize what you're going into. It's a hell of a lot less structured than a bank. And there's 2 years of "traffic" (back office stuff, trade finance, credit risk, hedging, booking freight, etc.) before you get to "trade" (I would argue it is very necessary even if 2 years is long for the industry). The big money, like say the head of ags banking 1bn+, is now gone for new starters since they have already IPO'ed (we are in 1999 and this is Goldman Sachs). At most you are looking at making a buck or two a year. By going into commodities now you are going long China, is this a trade you want to take on?
The upside: beats equities for sure, more aggressive, less BS culture, still the best in most commodities and becoming the best in the remaining. And most importantly, at least over here in CH, the calibre of applicants to this industry is WAY lower than for IB/S&T in bulge brackets. Helps that we keep a low profile.
Glencore Info? (Originally Posted: 02/02/2011)
Does anyone have any knowledge/ experience of this "secretive" company? I am aware of their potential IPO this year, but I'd like to get a feel for their work culture, compensation for entry-level guys, etc...How tough is it to obtain a trader position? I read that they start the new guys in accounting, finance, and operation/traffic roles, and make you work your way to a trading position. Is one position more favored than the other to become a trader? Any other input would be greatly appreciated. Mucho Gracias Monos
You have to have alot of experience to get in there as a trader. Your better off applying as a ops person and moving up the ranks..
Glencore - Anything about working at the firm? (Originally Posted: 10/06/2011)
Just wondering if anyone know anything about working at Glencore. Seems to be very hard to find anything about it. Is it really hard to get a job there? Seems like it's harder than Goldman to get intouch with anybody.
Have you tried this? http://www.milkround.com/jobs/404058/glencore-graduate-opportunities
From what I hear from the one or two ppl I know there, it's a pretty sweet gig. Are you into oil, ags, or base metals?
I have been in ags...I would like to get into base metals. From what I here Glencore is the very best in physical trading. Any thoughts?
Best in metals and oil. Cargill is the undisputed ags king. Earning opportunities at senior level smaller now as IPO has happened. Culture fantastic.
what do you mean by culture fantastic?
What sorts of degrees do they look for?
They hired an engineering major from my school recently. Monty09 would certainly know a lot more about recruitment.
What school do you go to?
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