Offer Help: Tier 3 S&T vs Commodity Trading Shops
Hi peeps, I would like some advice from yall. Recently I got an s&t grad offer at a tier 3 bank as well as a grad offer at one of the top commodity trading shops. I don't have a strong preference over either one. Could some wisemen/women out there give me some insights regarding the following aspects:
- career progression and exit opportunities(I understand that it takes maybe 3-5 or 7 years to become a commodity trader from a grad position and not everyone could make it, perhaps 1-2 in 10 people? If I did not make it, what would be some of the opportunities for me other than being stuck in the ops/risks etc? Can I still join the S&T at banks or my only options would be some oil majors? What about the other way round: S&T at banks first and then switch to commodity trading? which way of switching would be possible?)
- pay (A lot of people arguing that S&T pays better at banks at the very beginning than the commodity shops but this is not really a strong argument in my case. In fact, the commodity shop offers higher pay for the grad scheme. Also, what if I did not make it to be the commodity trader and end up in ops/risks etc, what would be the pay like?)
- work-life balance?
- How are commodity traders differ from paper traders in terms of skills and characteristics required? (How much people skill is required for a commodity trader?)
Thank you all in advance!
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