PwC Management Consulting vs ExxonMobil Trading Analyst
I currently have two different offers for a summer internship, one offer from PwC to intern in their Houston office as a management consulting intern, and the other from Exxon to work as an analyst on their up and coming trading floor. I have experience working on another energy trading floor, and know that I really enjoy the industry.
It sounds like there's a variety of projects at PwC, but given my background there's a good chance I'd be working in their commodities trading/advisory practice or else on some oil and gas project. I'm posting this in both the sales and trading as well as the consulting forum to get a perspective from different people. I know that historically Exxon has been nonexistent in the trading world, however I've heard/seen first hand that they're really ramping up their trading activities, and it seems like an incredible opportunity to get in early and learn with some of the talent that they've pulled from other firms.
At the same time, interning as a management consultant would give me a bit of a different experience, building maybe a little more breadth instead of depth. Plus, management consulting seems to be a really good place to start a career and I think I'd enjoy the work a lot. Does anybody know what the reputation of the Houston PwC office is for management consulting? One concern is that I'd end up getting some project that I'm not super interested in, whereas at Exxon at least I know that I'll be interested in the work they're doing.
energy_career, sorry about the lack of response. Maybe one of these topics will help:
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You're welcome.
First of all, congratulations on having two opportunities at very good firms for things that seem to both interest you.
That said, these are vastly different opportunities. Management consulting and trading have little to no overlap. Not to say that you can't have a great opportunity in both and learn a lot the biggest question is where are you looking to see yourself in 2-3 years, or even 5-10. This can be very difficult as a junior in college.
Trading will build a specified skillset, and especially commodities trading which is different from equities or FX. Is your interest in macro trends in oil/gas and news and how it moves the market? Or are you interested in the management of an oil and gas company?
PwC and Exxon are both great firms, and being in the Houston office would give you the exposure to O&G companies so you're likely correct that your projects would be staffed there and is a good opportunity if you think that consulting is the right fit but you're not sure about the firm. Remember you're still a junior and will have time to recruit FT when you return to school. With that said, having trading experience will not necessarily bode as a perfect fit for Management Consulting FT hires so be prepared to explain why MC vs Trading if you decide to go that route and are considering the switch for full time but if recruiting for Houston offices O&G industry experience will be a help, but trading is the least like MC. Feel free to PM if you have any other questions.
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