I've made two or three posts to the tune of this over the past few months, so I want to apologize in advance to anyone who might recognize it.
The decision I'm weighing now is whether to accept a Trader Development Program offer for a top 3 private commodities trade shop (Vitol, Glencore, Trafigura) or continue recruiting for IB. I have interned in IB in the past, and despite not having gotten any offers yet, feel like I can pull something through. I'm pretty late in the process for a few firms in the MM.
I guess my concerns stem from knowing I will have exit opps with banking, vs. not knowing much about people who do a physical commodities trader development program and fail/what they leave to do after. I've seen a decent amount of dated/incorrect information about these programs on here but would love to hear from someone who has more relevant experience.
A few questions/concerns I have going into this:
- Does anyone know someone who started in one of these niche TDP's and lateraled somewhere else? Or has anyone done it themselves? I'm worried about being pigeonholed into physical trading.
- Am I stuck in Houston if I do this? What kind of jobs could I recruit for outside of energy if I do commods trading?
- What happens if the economy crashes, would I likely be better off in commods or IB? Might be a stupid question.
- How would being a physical commodities trader look for hedge fund recruiting in 5-10 years or so? I have two hedge fund internships in the past, one being L/S equities and one distressed debt.
Hey argtexas, I'm the WSO Monkey Bot and I'm here since nobody responded to your topic! Bummer...could just be unlucky but one of these topics will help shed some light:
No promises, but maybe one of our professional members will share their wisdom: signposts dcaff itookyourhome
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