Supermajor Physicals Compensation?

Hey guys,

I recently accepted an offer for SA position on the trading floor of a top supermajor O&G firm (Chevron/Shell/BP) in their physical power & gas group. I was wondering what bonuses are like in these groups. I have a buddy who's doing 1st yr analyst in commodities at a BB and their bonuses were 85-100% of base.

I realize that an O&G company won't pay a bonus as large - but I was wondering what the bonus would be close to. I believe 1st year base on the trading floor in question is ~$65k

Thanks for your insight.

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Comments (8)

Jan 8, 2015 - 7:43am

Nobody has any clue? Come on guys...

"Well, you know, I was a human being before I became a businessman." -- George Soros
Jan 9, 2015 - 9:37pm

Off of $65k base? I'm going to guess 10-30% of base, at least for 1st years. Prove yourself and in a few years you could easily be in the 50-75% area with some raises thrown in, but I've never heard of a major paying bank money like that to unproven, new to industry talent.

Jan 11, 2015 - 1:18am

Friends of mine who are in similar positions as those at which OP is looking would concur w/ what you're saying.

Jan 17, 2015 - 12:35pm

This really depends on the company, as some of the supermajors have completely different trading profiles (STUSCO vs Chevron) but at the end of the day compensation typically will be less than your BB/private shop analogs. Compensation will obviously get better as you rise up the ladder and become a trader, though, the old joke I remember from STUSCO is that it's easier to get into Harvard Business school then to make full-trader there. Despite that, I feel these shops give you a great exposure to the physical business and can build a good foundation for future jobs.

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Feb 6, 2015 - 7:10pm

their bonuses are lower than BB. but you also aren't trading in year 1 like you often are at a BB. Phys trading is harder to break into than financial trading so people often take these lower bonuses in the first few years under the assumption it will pay off later

Feb 13, 2015 - 5:26am
Chemically speaking, alcohol is a solution.
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