IB exit into commodity trading?
I've seen the job description for a Commercial Analyst Role at Vitol. The role says "enabling strong candidates to get immersed in a P&L driven environment", meaning that strong candidates can get a promotion to real trading.
In their description, they also state "1-2 years in a commercial, analytical role in the energy major, investment bank or consulting firm ideally with a focus on energy sector" as a qualification.
As I really want to work in commodity trading, however, am fully on track to land at M&A at a BB in London (note, not S&T!) and unsurprisingly didn't get into Glencores Graduate program I am wondering if this is a viable exit. I assume that for the Commercial Analyst role straight out of M&A you have to take a hard hit in compensation, and is it even a good option out of M&A or is it only relevant for S&T guys?
What are your guys takes on this as an exit opp?
bump had similar idea
Commodity trading is a good exit op. Make more than all my IB counterparts for 1/2 the hours
Hi thanks for your answer, assuming by ur name you're somewhat familiar with the industry I have some questions:
So would you recommend to leave M&A for a gamble on a seat for trading at Vitol with that concrete Commercial Analyst Role?
How heavy would be the hit in compensation going to Vitol after two M&A years?
How did you break into the industry, especially into trading? I just wonder how people do it as there is no clear path as it exists for banking. It just feels like a huge gamble.
Do you have any other ways in mind how one could exit M&A into commodity trading?
Thanks a lot!!
I'd be careful with Vitol if you have a functioning moral compass. Google recent legal actions against them if you want more color. The kings of bribing foreign governments…
' The role says "enabling strong candidates to get immersed in a P&L driven environment", meaning that strong candidates can get a promotion to real trading.' - This does not mean that…but either way it is true that SOME candidates do get a trading seat but this is after ~4-5 years. This would also likely be on top of the 2-3 years of prior physical experience gained at a major or other trade house.
Also, note that you will be competing with these guys who have real physical experience for these CA roles so how will you swing M&A as an advantage?
Voluptatem ducimus sequi quis libero. Ab nam enim in ipsa ipsa. Quia totam cumque harum. Nobis omnis eligendi a tenetur dolores tempora. Consequatur voluptates corrupti deserunt rerum nisi. Optio porro sed rem provident animi doloribus vel.
Necessitatibus officia id enim. Sit ut explicabo ipsum quo autem. Corrupti ut deserunt nam. Possimus illum sed possimus nemo laboriosam hic velit. Quibusdam cupiditate autem quo numquam quo.
Et consectetur voluptatum voluptatem consequatur velit quasi dolore. In asperiores ex porro consequatur sed saepe. Sit nihil repellat autem dolorum molestias. Earum facere est sed ut. Esse et unde nulla minima quibusdam natus. Et ut dolores non asperiores.
Nesciunt debitis ea exercitationem id doloribus quia. A aliquid vero dolores quia ut assumenda.
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...