Thoughts on these jobs
I recently received an offer at two firms. One is a physical commodity trader of lumber (no futures or series certifications they are market makers of physical lumber. Their clients physically take possession of the timber) and the other is a Middle office role at Fidelity (I know I'm not supposed to include the name of the firm but I didn't know what to describe it as other than an asset manager). I am not sure which to choose. The cultures seem equivalent and the work equally about as interesting. If I went the middle office route I would choose to continue networking and pursuing a CFA to attain a Portfolio Management Role. I have reservations about both positions. For the physical commodity trading role, I am worried that I am pigeonholing myself into the lumber industry and will be screwed if lumber becomes obsolete. Is this true? I am especially concerned with this as the majority of traders at this firm make about 400-500K but spend their entire career at the firm never learning another skill. My concern is that if wood becomes obsolete in say 30 yrs that I will not have transferable skills to make even a lateral move to a different commodity house. Also, this being said, would it be possible to leverage the experience in a trading role at a MM? I am from a non-target. On the other hand in the middle office, I am worried I will never make it to the front office especially considering it is a ' dying' industry. Any thoughts??
Hi Sangisinacoma, don't worry, the WSO Monkey Bot is here.... I'm hoping one of these links will help find your answer:
Fingers crossed that one of those helps you.
Very biased as I am interested in commodities and just a student so take all with a grain of salt. You definitely have routes out of the trading role if things in the industry go south. It will be tangent to the industry so working for one of your customers or companies you hire out such as shipping firms and railroads. As far as concerns about the future of the lumber industry I would be more concerned with the trend towards passive management and as a result, the cutting of pm positions. I personally don't see lumber demand being non existent in 30 years. If I was in your situation I would take the trading role.
Disclaimer: I am a Student
Lol Dude you said 30 years? Based on the average salary you stated for the traders there. With a frugal lifestyle, the proper discipline, work ethic, and a savings plan, you would be financial free well before that 30 years timeline.
Of course, This is based on the premise that you work your way up to their earnings, but, the trading option seems great monetary-wise.
The Fidelity option may be better for branding on your resume and your parents or friends may know about it.
Overall, I say you should try the Trading position.
Your choice.
Just my 2 cents.
Quibusdam sit explicabo magni harum sed. Perferendis iure dolor laborum quas molestias et. Delectus aut rerum aut quidem. Est est impedit asperiores ratione. Voluptatem error asperiores est ut error sequi suscipit.
Animi repudiandae dolores quo quae dicta autem assumenda. Sed quo ut corrupti eaque nemo aut velit a. Sed quaerat excepturi nesciunt omnis. Est omnis dolore harum dolorem illum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...