Trade Shop vs Supermajor
Hi,
I have a FT time offer at a supermajor (Shell/BP) for their development program I also recently received an in-person interview with Glencore for their oil grad scheme(2nd round). I have time to accept the supermajor offer. I want to become a trader but living in NYC would be preferable to Houston (though becoming a trader is the goal). Would you recommend I accept the offer (I don't want to piss them off and it's a great opportunity) or continue with Glencore and try to get both offers before deciding?
I gotta side with supermajor on this one - especially since it sounds like you're a relatively fresh grad type. A BP rotational is top of the charts when you're first stepping into commodities trading (whether a trading job, front office generally, or any supporting group). I wish I had done a supermajor rotational but now I'm too far in, it'd be an awkward step down. So with my bias now obvious, take advantage of having the opportunity now, do it, and then go on to take pretty much any role in the space at any shop afterwards, esp. so if said supermajor tries to hardball you on a trading seat. BP rotational grads typically go wherever afterwards I've noticed.
Appreciate the input. I was leaning that way as well but FOMO took hold.
well said.
Would second the comments from EnergyHOU. Supermajor trading programs are much more established than the trade shops that are beginning to start up new grad programs. Historically the trade shops would poach talent from majors rather than developing grads internally. As mentioned a major should be a better place to learn the business. However, I would suggest continuing with Glencore for as far as you can since there's nothing to lose?
If you're open to opportunities in the oil trading world there will be chances in the future as well to move between NYC/Houston/Chicago/London/Singapore.
Thanks. My only worry (which may be unfounded) is that the Supermajor somehow finds out.
I would also say the same as the posters above. Take the Supermajor offer and if you want to get back to NYC after your rotation program you will have a ton of different options to do so.
Agree with the major. The development schemes are brilliant and if you’re decent you’ll be placed in a seat soon enough, analyst or trader.
Congrats on the offer.
The impression I get from Glencore's oil grad scheme is that there is a lot of turnover with people doing their 2 years and then leaving. Second the supermajor comments above.
Thanks for all the responses, I ended up accepting the supermajor offer.
Smart man.
Good decision, keep us posted
Best of luck
if BP take it, if shell take Glencore
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