I am trying to get an idea of the career progression timeframe of a physical trader working at a shop like Trafigura/Glencore. If you join a company like this as a graduate, complete your 2 year rotational program, how much more experience would be required before you get a shot at trading?
I understand that there are no guarenteed slots waiting for you when you finish the rotation, and you have to wait for a slot to free up and be good enough at your job etc for them to take a chance on you. But assuming a trading slot has opened up, is it reasonable to be a junior trader within 5 years of joining the company? Thanks for any advice.
5 years to be given a shot to book some P&L on your own seems very reasonable to me. If you are good could probably come sooner than that. But as to when you actually live and die solely by your P&L, it's kind of organic. You either grow your own book or someone ahead of you quits. Other option is to get poached somewhere smaller.
Thanks for the reply very helpful
I'd say 5 years is a pretty realistic time frame. So much of this is having the right skills at the right place at the right time and 5 years should be long enough to tick that first box.
I agree with the previous comments, 5-7 years is reasonable. The fastest I've ever seen is 3 years, and as slow as 15 years.
5-7 years if you are good. 3 extremely lucky, 5 pretty lucky, 7 lucky. Slots opening up (either cause someone leaves or biz grows) plays a much, much larger factor than I thought when I first joined the biz
5-10 seems normal..... you also need a growing biz cause most shops run lean.. if they lose a good person they are prob gonna hire someone on par, not give someone a shot
very true on hiring someone on par vs give someone a shot, was why i left my old shop
If you start with one of those shops it's less a question of time (five years should be perfectly realistic) and more a question of probability. Even at places like Trafi or Glencore which have graduate programmes. FWIW, places like the BP programme will increase your chances to secure a trading position, and to do so sooner.
5 years is on the lower end of average, but close enough
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