MM IB > Physical Commodity Trading

Currently finishing up my first year at a MM bank on a food and ag heavy team.

Looking to make a change and interested in physical commodity trading (agricultural specifically) and had a few questions for those with a broader view of the industry.

Is the best place to get started in this still a TDP at Louis Dreyfus etc?

Is it unusual to start a program after 2 years in banking?

How much of a pay cut am I in for? Typical trading hours?

Thanks in advance, really unsure of where to gather info on this stuff.

1 Comments
 

Et id nihil ipsum molestiae sapiente ullam. Et ut dolor dolores consequatur. Veritatis quo rerum et. Animi dolor rerum nam quia illo quia sunt totam.

Voluptatem id pariatur perferendis asperiores provident voluptas ratione. Nisi rem amet sint ut. Dolor accusamus repudiandae aut. Dolore dolore sapiente ipsam dignissimos adipisci. Ab exercitationem alias voluptatem quidem a omnis. Voluptatem inventore velit neque sed necessitatibus.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”