Starting Salary+Bonus @ ABCD for entry level merchandiser/junior trader roles
Hoping to get some info on the starting salary+bonus @ ABCD for entry level merchandiser/junior trader roles. Anyone here in the industry care to shed light? Thx.
ADM is 55-65 all in and I believe you get a 5k signing bonus but don’t quote me on that.
Scoular and Lansing (Soon to be part of Anderson’s) aren’t ABCD’s but roughly fall into the second tier in terms of size in grain trading. Their trainee programs pay 55-75k and 55-60k respectively each with a 5k signing.
I’m not sure about the other ABCD’s but from what I’ve heard from guys over there, Bunge is close to ADM. Cargil pays more and Dreyfus pays significantly more though trainee openings at Dreyfus are significantly more rare.
As someone who went through the process of interviewing for trainee positions at several of the above firms, I would recommend you ignore the slight difference in short term pay. Go where you think you’ll learn the most and where you think you’ll make the most in the long run. At a lot of shops your pay can ramp up exponentially within a decade if you’re a high flier.
Thx
I am an incoming ABCD merchant/trader, PM me I can give you some info on the salary.
Done
Used to work at a couple different grain companies. Starting salary was usually in the middle $50ks, well into the $60ks a year or two into it. Bonuses vary by company but in your first couple years usually 4-20% and usually discretionary. The real money comes 5-10 years into it when you get your own P&L and take home a percentage of that.
Would a incoming edible oil or biofuels trader get the same comp + bonus (%) as a grain trader?
Yes
Quick question, would junior traders/merchandisers be first year at the firm or would this be after working in something like scheduling?
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