Grain merchandiser trainee
Hey guys I got two job offers for grain merchandiser trainee. CGB and the Anderson’s inc have both offered me a gig. I don’t know which one to pick from. Both are equal on salary/sign on/relocation package.
I’m a recent graduate and looking to choose this career path. Do you know anything about the entry level grain merchandiser for these two companies? What to expect? How much opportunity there is? Pros and cons amongst the two?
No idea about CGB but the Andersons seemed to have a solid trainee program when I interviewed, they rotate you through 2 different commodities with very different liquidity and pricing profiles and they will give you some trading and scheduling responsibilty. The great thing about the Andersons is they are asset light and as a result they pay out at a linear rate on individual teams so within your team of 3-15 people the revenue that single group produces determines your teams bonus pool. There is still room to get screwed on bonus within the team but it seems very unlikely. Trading with them I found them to be some of the smarter folks in the room when it came to knowing the freight market. All said I got an offer from them and balked at the low base which seems to be 60 grand first year before bumping up after the traineeship at only a bit higher level. No idea what CGB is but there are better paying ops at folks like Cargill who have much more rigorous trainee programs but will have a worse culture. Take it as you will
Great advice- Yeah they sent me an offer at 60k today. I countered them for more, haven’t gotten the reply yet on that status.
Go ANDE. you will actually get paid. Make sure they don't assign you to vermont tho Lol
I got assigned to Overland Park, KS first assignment. What’s up with Vermont location?
Solid location! I met a few of their guys (all former Lansing) at an industry conference a few months back and only have positive things to say. Great group of people. I know of CGB and certainly respect them as a competitor, but would say I (as well as those I work with) hold Lansing/Andersons in really high regard.
Good on the OP office. That is the one you want.
Nothing wrong with VT, its mainly just north east truck biz which isn't super transferable
Are the Anderson’s trading desks mostly the former Lansing folks?
Yes
From the seven video interviews I had to go through. Four were former Lansing employees
I participated in Lansings trainee program for a hot second years ago. Felt like it would have been a solid place to start a career in trading.
At the time they were hiring a class of a handful of kids each year and paying everyone pretty much the same. I think the base was 50-55k a year + they paid for housing for the first year. I got 1.5k “signing/relocation” given I was moving from the northeast. When the housing benefit rolled off after a year they increased everyone’s salaries by ~15k. Pods were setup around specific commodities/geographies and if I remember and it was pretty obvious who the rainmakers were. Speaking of Vermont, I think the guy who runs/was a big shot in their DDGs business relocated from Vermont to Overland Park after they bought that office and was one of the people who did really well.
Approximately what does a trader 5 years in make at the Andersons? I imagine it varies greatly upon product.
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