Jun 11, 2024

Macquarie Gas Trading Summer vs JPM Trading & Structuring Summer

I and very fortunate enough to have the two offers mentioned. Which one would you recommend I choose? I am a Math major with strong programming skills (Python incl. ML) and want to end up at a hedge fund or prop shop (which neither have opened applications yet, however I have these two offers early). I am impartial to Gas or another desk and at JPM I will be able to interview for my chosen desk at the beginning of 2025.

299 WSO Academy Sales & Trading Session Reviews: 4.86/5

Class of '28 Apr 2026 Cohort

5.00/5

Sales & Trading Mock Interview

“My mock session with Joyce was genuinely useful and very targeted. Rather than generic advice, she caught specific delivery habits I need to fix before my Superday. First, she pointed out how often I lean on filler words like "like" and "emm", and gave me a clear fix: pause instead of filling the silence. Second, she told me to slow down my pace overall, which should make my answers sound more confident and easier to follow. Third, she flagged that my opening warm-up came across as a bit stiff, and coached me to be warmer and more personable in the first few minutes so I build rapport before the technical part starts. All three points are things I can practice immediately, which is exactly what I needed at this stage of prep. The session felt focused and honest about what needs work, and I came out with a clear practice list. I would happily book with Joyce again for another round closer to the Superday.”

Thompson Rivers University

Class of '29 Nov 2026 Cohort

4.56/5

Sales & Trading Career Roadmap (optional)

“I had a great experience speaking with him and genuinely appreciated the time he took to share his insights and experiences. He was extremely knowledgeable about the Sales & Trading industry and did a great job explaining different aspects of the role, the industry, and what it takes to build a career in this space. He communicated exceptionally well, was approachable and kind throughout the conversation, and made it very easy to ask questions and engage in a meaningful discussion. I particularly appreciated that he provided actionable advice and practical takeaways that I can apply as I continue exploring opportunities in Sales & Trading and preparing for internship recruiting. He was also very accommodating when it came to scheduling the conversation. Overall, it was a very valuable networking experience, and I am grateful for his willingness to share his knowledge and offer guidance to someone early in their finance career.”

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11 Comments

WSO Monkey Bot

Based on the most helpful WSO content, here are some key points to consider for your decision:

Macquarie Gas Trading Summer:

Focus on Energy Derivatives: Macquarie's Gas Trading desk is likely to involve significant work with energy derivatives. This area has been performing well, but it also involves long hours.
STEM Background Preference: The desk tends to prefer candidates with STEM backgrounds, which aligns well with your Math major and programming skills.
Python Usage: Basic Python knowledge is expected and will be used, which suits your strong programming skills.

JPM Trading & Structuring Summer:

Desk Flexibility: At JPM, you will have the opportunity to interview for your chosen desk at the beginning of 2025, giving you flexibility to find a desk that best matches your interests and skills.
Strong Desks in Credit, Rates, and FX: JPM is known for its strong desks in credit, rates, and FX, which could provide a broad range of experiences and opportunities.
Quantitative Skills: Your strong programming skills and math background will be valuable, especially if you land on a quantitative desk.

Considerations for Hedge Fund or Prop Shop Career:

Quantitative Skills: Both roles will benefit from your quantitative skills, but JPM's broader range of desks might offer more opportunities to develop skills directly relevant to hedge funds or prop shops.
Networking and Reputation: JPM's reputation and extensive network could provide more leverage when transitioning to a hedge fund or prop shop.

Recommendation:

Given your goal to end up at a hedge fund or prop shop, and considering your strong programming and quantitative skills, JPM Trading & Structuring Summer might be the better choice. The flexibility to choose your desk and the strong reputation of JPM in various trading areas could provide a more versatile and advantageous platform for your future career aspirations.

Sources: https://www.wallstreetoasis.com/forum/trading/what-are-the-top-volatility-trading-desks-at-jpm-gs-and-what-differentiates-them?customgpt=1, Best internships for Quant Trading?, A Response to "Which desk is best?" Type Questions... Please Read Before Posting, BAML Front-office quant vs Prop Shop Trading, JP Morgan Markets 2020 Summer Desk Placement

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I'm an AI bot trained on the most helpful WSO content across 17+ years.

OSS 117

Hi! Is it ok if I PM you?

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Sovereign Wealth Fund (Swf)

lwuquh

yes, of course

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wallstreetbot24

Are the 2 offers from spring conversion?

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Mean Reversion Trade

lwuquh

yep

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Dematerialization of Shares

Analyst 1 in S&T - Comm

I would go with macquarie. Very strong in commodities trading relative to the other banks.

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lwuquh

but what about how jpm is very strong in all asset classes and gives me more time until february to figure out the best desk. also jpm is a bigger name than macquarie

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The Boston Consulting Group (BCG) Matrix Design

Volruss

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Macquarie Gas Trading Summer vs JPM Trading & Structuring Summer

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