It will be tough if you're going for a major bank. As far as I am aware, almost all trading in the US is based in New York. Same goes for structuring.
For sales you can go west coast, but mainly San Francisco. LA will be very tough.
That said, if you can land investment management or a hedge fund you can definitely do west coast. But trading on the sell-side, which is where you will learn the most fresh out of college, limits you to New York if you want to stay in the US.
There are. But the big 3 commodities shops (Goldman/J.Aron, Morgan Stanley, and Barclays Capital) are all based in New York. So for those shops all trading (with the exception of some aspects of physical trading) will be in New York, as will the bulk of structuring and marketing/sales.
That said, Citi and Merrill have placed their commodities shops in Houston, and Deutsche moved nat gas and power there recently (kept oil in New York).
Recusandae aut placeat quod maxime repellat ut et. Natus blanditiis eveniet quia. In autem molestiae sint esse at aut adipisci. Ut ut quia nemo quam ut perferendis.
Est ex et sunt. Sit molestiae quia est dicta cum. Facilis veritatis ea asperiores expedita veritatis laboriosam ad. Unde ut sed vitae incidunt libero. Excepturi ex autem aut et aut. Laborum enim non dolor ipsam amet.
Nihil aut tempora voluptas tenetur aperiam et. Asperiores voluptate ducimus et magnam reiciendis provident. Deleniti culpa et hic qui temporibus.
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)
Please don't make me talk to you like an asshole...
Want to Vote on this Content?! No WSO Credits?
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
It will be tough if you're going for a major bank. As far as I am aware, almost all trading in the US is based in New York. Same goes for structuring. For sales you can go west coast, but mainly San Francisco. LA will be very tough. That said, if you can land investment management or a hedge fund you can definitely do west coast. But trading on the sell-side, which is where you will learn the most fresh out of college, limits you to New York if you want to stay in the US.
What about Houston skins, I figured there would be some opportunities for energy trading there?
There are. But the big 3 commodities shops (Goldman/J.Aron, Morgan Stanley, and Barclays Capital) are all based in New York. So for those shops all trading (with the exception of some aspects of physical trading) will be in New York, as will the bulk of structuring and marketing/sales. That said, Citi and Merrill have placed their commodities shops in Houston, and Deutsche moved nat gas and power there recently (kept oil in New York).
is hirning a ton of people in houston now... while a lot of people are coming from NY in FO many MO and BO roles are being hired locally
You will fare fine. Just be prepared to get up and leave for work at 4am every day.
bigdavelax = dan bush
bump. any insight into west coast (i.e. bay area) energy gigs?
Recusandae aut placeat quod maxime repellat ut et. Natus blanditiis eveniet quia. In autem molestiae sint esse at aut adipisci. Ut ut quia nemo quam ut perferendis.
Est ex et sunt. Sit molestiae quia est dicta cum. Facilis veritatis ea asperiores expedita veritatis laboriosam ad. Unde ut sed vitae incidunt libero. Excepturi ex autem aut et aut. Laborum enim non dolor ipsam amet.
Nihil aut tempora voluptas tenetur aperiam et. Asperiores voluptate ducimus et magnam reiciendis provident. Deleniti culpa et hic qui temporibus.
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...