How to break into Commodity Trading and Internship - Summer 2024
Hey, I am pretty new to this forum, so I am not sure if my question has been answered before. A little background info for you guys. Have been interested in commodity trading for some time now, especially physical commodities. I've been connecting with several people in the industry via Linkedin, hoping to structure a network in this field. Have been expressing my interest in the field and asking to connect over zoom/email to learn more about them and their journey. Other than this, and some other posts that I have read, I am not really sure how to break into commodity trading. I know you can join a 2-3 year trainee program or become a scheduler and work your way up. But is there a way to become an analyst right out of undergrad? And if these firms do offer internships, does anyone know when they open up?
If you could specify, what would you like to do? Make markets as a commodity S&T analyst at a BB, or get into a heavy commodity trading firm and start trading right out of undergrad, coz that will be hard to come by without having any markets experience?
I was thinking physical commodity trading at firms like Shell, BP, and Chevron. I read that you need about 3-5 years of experience in the field before they give you a shot at the trading floor. In that case would the TDP at shell or BP be the only option? I have read a little about commodity trading at BB firms but can’t say I’m too familiar with their business. How does their trading differ from physical commodities, is it based on futures and options?
"How does their trading differ from physical commodities, is it based on futures and options?"
One buys, stores, processes, ships, and sells crude and its products and happens to use futures and options to hedge off a portion of their risk. The other makes markets in futures, options, and swaps that physical processors like Shell and BP use at times.
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