Non-Trading Role in Commodity Trading (ops, marketing, deal origination, etc.)
[Posting this in here because I know a lot of people here work within commods]
I’m currently a senior (set to graduate in May) and I didn’t lucked out with commodity trading trader development programs. Made it to BP’s technical round but didn’t ultimately get an offer. I also got rejected from Guvnor and Shell as well. I’m mainly interested in metals and energy (mainly energy), and id still love to work within the commodities space in an operations or deal finance type of role. Wondering a few things though:
- What are some good roles that feed into this path? Any specific analyst paths / roles?
- Where are these roles usually located? (I prefer to live in a LCOL / MCOL city, so Houston checks that box pretty well and I know a lot of firms are based there within energy)
- What does entry level pay look like for an analyst straight out of school?
- How competitive are these roles for hiring? I have a 3.4 from a decent B1G school (T50) w/ an econ major. I obviously don’t stack up well for certain high finance roles (IB, MBB consulting, PE out of school, etc), but wondering how i’d stack up for these roles?
Any insight would be very much appreciated!
Based on the most helpful WSO content, here's what you need to know:
Good Roles That Feed Into This Path:
Locations for These Roles:
Entry-Level Pay:
Competitiveness of These Roles:
To improve your chances, consider gaining relevant certifications (e.g., CFA Level 1 or energy-specific certifications) and highlight any internships or projects that showcase your quantitative and problem-solving skills. Good luck!
Sources: Best entry level jobs out of 4 years college, Operations - Good & Bad, State School to Trading Physical Gas My Story (Long), Trading Power, Carbon & NGOs, Is IB not as attractive anymore?
I work for a diversified energy company that has a large presence downstream; certainly different from the majors. Many folks may start as a scheduler or an analyst before shadowing and becoming a trader. I myself was an energy market analyst; 'gov adjacent for a few years while in college before becoming a trader, technically before I graduated. I do think my case was rather unique though and usually a degree is a bare minimum requirement.
Schedulers might make max ≈80 while certain analysts might make ≈90. Depending on location.
Frankly, many college grads who apply truly don't understand the basics of the market. So for certain entry level roles, there may be far less competition compared to others.
Hiring young hungry folk in Houston. Dm me
just sent a DM
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