I am looking for some advice concerning an internship I may have this summer. I am an undergraduate student with a background in mathematics.
While my original plan was to find something at a, it turns out that I have a very good shot at an internship at a big commodities house in the risk department. Maybe other opportunities at BBs will come, but I already got some rejections and therefore I don't have much hope in the remaining open applications.
Originally I wanted to find something in the Sales and Trading department in commodities and I know that some oil supermajors do offer a program like this (BP and Shell as far as I know) and some others don't. However after discussing this topic with HR at an oil supermajor that doesn't, they assured me that they wouldn't have interns in the, should it be a case or even for a longer internship as a graduate. In addition to that, what I have been reading on WSO indicates that in commodities trading it is usual (and sometimes even preferred) to begin somewhere else, should it be risk, operations or logistics.
- Considering this, what do you guys think of my opportunity of summer internship as an undergraduate in the risk department? I believe, that the fact that I may get an internship there as an undergraduate is pretty unique and rare, isn't it?
- While I know that this is only a summer internship and that I will be doing at least my masters between this and the launch of my career, I was wondering what such an internship might indicate: If I plan to reapply in the commodities world, what would be more valuable: a sales and trading internship at one of the oil supermajors or my risk internship (considering of course, that they would not offer anyone something front office)?
- What is the best background to get into logistics? HR told me that they would rather place me in something else that involves more numbers crunching and programming.
- How hard is it to make a transition from risk to logistics (or even better Trading)?
- What is the specific risk management in commodities knowledge that I should be aware of?
- This one is less related to this particular internship: Having been studying mathematics, I have been hearing my whole life that I could manage to get into finance in not such a difficult way. However, my experience this last year has been the opposite! What do you guys think should I add to my profile? If you ask me, I believe that probably my profile does not reflect enough financial interest and I will definitely try and fix this issue in my further studies. What would be your suggestions concerning this matter? Is there any way to get a Sales and Trading job with a mathematics background or is one directly classified as more fitting to risk, technology or finance division? I am trying to make sense of my rejections and this is a tough thing to do, I am sure a lot of you have better insights than me!
- The last question is concerning the importance of previous internships to get a job. I am considering postponing my master for a few month if I get other relevant internship opportunities. Would you consider this a good move or not necessary?
Thank you in advance for the long read! Looking forward to your answers!