Weighing up physical commodity trading (agricultural) and a FICC rotation program
Senior at semi target, have been offered two roles last minute and have a about a week to decide. Both located in a large non-NYC city.
The first one is at a MM bank in their FICC S&T rotational program. I am guaranteed at least one rotation across a trading desk, but will otherwise rotate across a number of functions. It's a two year program, with four rotations.
The other job that I have been offered is at a boutique physical trader that trades agricultural products. It would be a logistics/operational role of sorts. I was told in the interview that it could certainly be used as a stepping stone to physical trading, but there are no promises. I would be sitting right next to the traders all day so Im assuming if I make a good impression over the next 12-18 months it would be up for consideration.
I have had some experience agricultural commodities, interning a few days a week at a brokerage house while in college for the past 18 months. My ideal/dream role would be a physical oil trader at one of the majors, I just don't find agricultural products overly interesting in comparison. So, if I were make it as a physical trader at the boutique, how difficult a jump would it be to move to a bigger player trading oil (or metals). There are only three traders there, so I'm worried it would be difficult to make the jump to a larger place after a few years (even if it's still trading ags).
When weighing up the two jobs, I really don't like the idea of ending up in sales at the bank, especially when I could easily end up in retail sales. I don't get a say in the rotations, and every time I asked where I would end up, I was just told that it would depend on the banks needs. However, sales sounds 100X more appealing than being stuck in logistics/operations for my career.
All else equal, when looking at day to day experiences, transferable skills and general job security, I think I would prefer to be trading physicals rather than market making.
tldr: logistics/operations at boutique physical ag trader vs MM FICC rotation? How hard is it to move from ags to oil or metals?