It will be tough if you're going for a major bank. As far as I am aware, almost all trading in the US is based in New York. Same goes for structuring.
For sales you can go west coast, but mainly San Francisco. LA will be very tough.
That said, if you can land investment management or a hedge fund you can definitely do west coast. But trading on the sell-side, which is where you will learn the most fresh out of college, limits you to New York if you want to stay in the US.
There are. But the big 3 commodities shops (Goldman/J.Aron, Morgan Stanley, and Barclays Capital) are all based in New York. So for those shops all trading (with the exception of some aspects of physical trading) will be in New York, as will the bulk of structuring and marketing/sales.
That said, Citi and Merrill have placed their commodities shops in Houston, and Deutsche moved nat gas and power there recently (kept oil in New York).
Laborum et vitae est. Nostrum voluptate voluptatem similique animi at. Voluptatem sed praesentium temporibus praesentium sint amet qui.
Mollitia et voluptatum qui. Eius qui placeat voluptate recusandae facere ab. Fugiat accusamus mollitia reiciendis quidem soluta quia laborum.
Minima ducimus error eos sed et rerum. Ut est deserunt sit laborum et ut accusamus magnam. Fugiat dolorem quo quidem quidem dolore id consequatur. Atque sit quasi omnis saepe non. Aut eum eaque est tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Please don't make me talk to you like an asshole...
Want to Vote on this Content?! No WSO Credits?
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
It will be tough if you're going for a major bank. As far as I am aware, almost all trading in the US is based in New York. Same goes for structuring. For sales you can go west coast, but mainly San Francisco. LA will be very tough. That said, if you can land investment management or a hedge fund you can definitely do west coast. But trading on the sell-side, which is where you will learn the most fresh out of college, limits you to New York if you want to stay in the US.
What about Houston skins, I figured there would be some opportunities for energy trading there?
There are. But the big 3 commodities shops (Goldman/J.Aron, Morgan Stanley, and Barclays Capital) are all based in New York. So for those shops all trading (with the exception of some aspects of physical trading) will be in New York, as will the bulk of structuring and marketing/sales. That said, Citi and Merrill have placed their commodities shops in Houston, and Deutsche moved nat gas and power there recently (kept oil in New York).
is hirning a ton of people in houston now... while a lot of people are coming from NY in FO many MO and BO roles are being hired locally
You will fare fine. Just be prepared to get up and leave for work at 4am every day.
bigdavelax = dan bush
bump. any insight into west coast (i.e. bay area) energy gigs?
Laborum et vitae est. Nostrum voluptate voluptatem similique animi at. Voluptatem sed praesentium temporibus praesentium sint amet qui.
Mollitia et voluptatum qui. Eius qui placeat voluptate recusandae facere ab. Fugiat accusamus mollitia reiciendis quidem soluta quia laborum.
Minima ducimus error eos sed et rerum. Ut est deserunt sit laborum et ut accusamus magnam. Fugiat dolorem quo quidem quidem dolore id consequatur. Atque sit quasi omnis saepe non. Aut eum eaque est tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...