Investement bank power vs utility power trading
Hello, I'm pretty deep in discussions with a US BB investment bank about joining as a VP on a powerin London, I'm currently a relatively junior power trader at an EU utility. Anyone familiar with European power markets will know theres a pretty large shortage of power traders atm so we're in demand.
Question is - does anyone have experience trading power in both a bank and utility? and whats the upside to the bank? apart from the obvious prestige that come with trading with a BB I don't see much benefit in power trading where I have significantly more expertise surrounding me in the utility, which I think would benefit be much more as a trader in the long run. If I was a few more years into my career I think the switch would make sense as I would have much more upside financially. But banks have been brutal in cutting their energy desks before so it would seem like theyre just trying to hop on the bandwagon for a while and cut cut it loose pretty quickly if prices take a tumble again.
My current role iseuropean power,gas,carbon and cross-border vs a role that would need to involve a lot of deal flow I imagine since banks can only 'market make'
Anyone else have thoughts on it?