Trader Traineeship at ABCD vs Junior Ags Commodity Broker
Which one would you choose to start your career? Location would be continental Europe, probably Switzerland at some point
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Hey deesigner, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:
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They are very different jobs. If you want to be a trader do the trader traineeship. Lastly, if you're no good at trading, its a breeze to go then get a job in broking. It's 1000x easier to go from trading to broking rather than broking to trading.
agree 100%
Thanks for you reply. That's why I thought too.
In terms of work life balance and compensation, I guess trading is better than broking (at least in the first few years). I'm pretty sure you have to grind a lot as a junior broker to build relationships.
To be honest I don't know too much about the Ags space but i am in commodities.
In terms of work/life balance there are pros and cons of either. From the outside I'd say the broker life seems less stressful to me (but I'm a trader and the grass is always greener). My broker friends complain about weeks where they haven't earned any commission, whereas a bad week for me is losing a few million (in those weeks I'd do anything to have been flat on the week). My broker friends have no idea what its like to sit on mega risk overnight you didn't even want and wake up with the market going very against you... but... the broker lifestyle is hard to keep up as well... Entertaining clients several nights a week, flying to Geneva/London on Thursday, going out with a client until 4am, getting the 6am flight back to be at the desk at 9am then to be abused by a "customer" because something happened out of your control. I don't think that's a lifestyle I could keep up.
I'd assume the base salary in a trading role is higher, but I wouldn't discount the pay potential of being a broker... I know a lot of commodities brokers earning a LOT of money, although a lot of the time its being in the right product at the right time.
I've spoken with brokers and they all told me the first few years are tough, you don't earn a lot of commissions and your base salary is pretty low and London/Geneva are definitely not the best places to start your career since they're very expensive cities
But what I'm wondering is if corn and wheat brokers can still make good money
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