Q&A COMMODITY TRADING: Commodity Hedge Fund from Physical Commodity Trading// Exit Ops//Compensation
1- how do you break into a Commodity Hedge Fund from a Physical Commodity Trader (e.g Vitol) after having been trained in Mid Office (Deals Desk/Traffic) as a junior?
2- what are generally the exit opps from Commidity trading? How easy is it to move from a Phy.Trader to IBank Comm. Trading/Sales desk? Can you make a career "jump" from 2 years junior at Phy.Trader to Associate/VP in IBank? Do you need an MBA?
3- What is the Compensation like for a junior TRADER (3rd year analyst) at Vitol?
Cheerio
im just a student interested in the area but will try to shed some light... 1. main way is to do a trader trainee program. there is usually some formal method to become a trader after 3ish years as an analyst 2. commodity trading is the exit opp. this isn't IBD. people actually enjoy doing it. Generally people want to leave a bank and go to a trading house, not the other way. The training at an oil major/trading house is far superior to what you'll get at a bank. Nobody cares about your MBA.
All spot on. Very misguided questions...
more on q 1- commodity hedge funds will recruit from the trading shops, but keep in mind running a book at these shops is like running a small hedge fund. good traders do speculative trading, you keep a % of the earnings.
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