I am currently a third-year undergraduate student in Commerce. I am extremely passionate about Shipping and Physical Commodities. I had applied to Cass's MSc Shipping, Trade, and Finance and have got an acceptance letter. However, I am also interested in History and Economics. I had applied to MSc International Political Economy and MSc Economic History at LSE. I got rejected for MSc IPE and got an acceptance letter for MSc Economic History. I love Shipping, I fell in love with it right after reading lofty tales of Onassis, Niarchos, and Naess but it is an extremely closed and secretive
12 Oct 2021
Hi All, I just graduated from college, and I am near the end of my internship at an ABCD commodity trading house. A few interns and I have been told that we will be receiving our FT offer in the coming 1-2 weeks. Additionally, my mentor at the company told me that the salary would start at approximately $67k per year. I was wondering.... If anyone else has a respectable trading house, has a higher offer for a first job? Could you negotiate your bonus or anything else? Do first-year commodity traders get bonuses? If anyone at an ABCD firm negotiated their first job offer? How did it go? What
04 Jul 2021
Hello everyone! I am very interested in building a career in physical commodity trading, especially in the metal industry, but I am also very keen to work with agricultural commodities. I need advice since I am already 22 years old and have no academic background related to business or science. I am a Master's student in International Affairs in a relatively good UK university, and next year I will finish my two-year program with a full year in Beijing. I strongly hope that this international dimension may constitute an asset, even though I know that is not rare at all. I did an LLB for my
01 May 2021
Hi all, I have accepted a commodity trading internship at an ABCD over the summer. If I get a FT offer, I was wondering what the salary is for year 1, 2, and 3? My friend received an 69k + 9k bonus from another Commodity Firm. Additionally, I received offers from a consulting company (74k + bonus) and IB (80k +20k bonus), but I like this company's training program. Essentially, I am just wondering if I should take the consulting or IB role/$, or does commodity trader pay well too? Whatever insights you can provide would be helpful
09 Jan 2021
I recently received an internship offer from Cargill for their commodities trading desk. I wanted to learn more about the program and its overall reputation. Any information on long-term prospects and growth opportunities is also welcomed. I was also wondering what are the exit ops? One thing that is keeping me from taking the offer is the location, it is in a midwest farmland town. Any thoughts on that? I know there is already a post on wso but it is a few years old and any updated information would be helpful. Thanks in advance
29 Oct 2020
I trade phys gas and recently came across a couple of banks trading physicals on ICE more and more for a larger amount of hubs and regions. What're y'all's thoughts?
25 Aug 2021
I was recently offered a summer internship at an oil major at a certain location, my home town, in their natural gas trading program and accepted it. I am extremely excited about the opportunity! But, I have always been interested in crude oil. Maybe I am a little biased; as I took a certificate program in Global Oil & Gas Management that was strongly focused in crude? Since then, I have been doing quite a bit of reading into the news and the process of crude trading. But, upon receiving my internship offer, I found out that their crude trading is actually at a different location than their
17 Nov 2016
Hi Community, I'm 25 years old, EU citizen with psychology degree from no name university in central Europe. I have been working for 4 years in software development industry, but I feel like I burned out from working in software development and would like to start new carrier path and I find physical commodity trading extremely interesting as I always were interested in financial markets and wanted to work in "real business". The problem (?) is that I don't have any economic or math degree (I have psychology bachelor, but I've never worked as psychologist) and don't know how to start.. I don't
22 Mar 2020
Tough choice ahead of me... I will graduate in 2021 from a non-target, undergraduate uni. I am keen to start a career in commodity trading with a focus on oil/gas/minerals/freight (I worked one year in the trading function of a major European utility), and there are two paths I could follow: 1. I have secured a summer internship within an oil supermajor's gas trading team (England). This would be followed by the MSc Finance & Investments at the Rotterdam School of Management (#25 MSc Finance by the World University Rankings 2021). or 2. Accept a commercial merchandising trainee offer in the
02 Feb 2021
Hello all, I was recently contacted by a firm called ACT Commodities, which specializes in the niche environmental commodities trading space. They are a small Dutch-based firm trading a variety of environmental commodities, such as renewable energy, biofuels, etc. After talking to their HR staff, it sounds like the job is 80% sales (cold calling) and 20% trading. Sales commodities traders must find their own client base, including buyers & sellers, and execute their respective deals. My current background is supporting Procurement/Operations for a large supermajor oil company, however I am
24 Oct 2018
Background: Undergrad student looking to jump into physical metals trading (main interest is in copper, zinc, lead concentrates) Just trying to get a better understanding of the differences in the way these firms are run and, ultimately, which offers better prospects for a grad entering the space. On the surface, it seems as if Trafigura has more opportunities for international exposure earlier on with its Global, Shanghai and Montevideo Graduate programs (willing to go anywhere). Also, my primary interest being in metals, Trafigura has a metals program starting in Geneva or Shanghai. On the
12 Sep 2019
Anyone with some ideas where to find and hire a professional traders or commodities trading bizdev specialist as a freelancer (physical commodities) ? I have some questions related to sourcing, and day-to-day operations. I was trying on different platforms but without success. I have even tried with toptal tailored solutions but wasn't successful either.
28 Jun 2021
I am graduating with my bachelor's degree in Chem Engr from UW-Madison. I will going to Uchicago for Master in Physical Science Division. I was thinking about doing Math for the Master's degree. I once had a phone interviewed with Trafigura during my junior year when I had almost no knowledge about commodity trading. I will work for a BB bank's IBD department in China as my summer internship. I hope someone can shed some light on this and help me identify some of the things I need to do. Or tell me what is the chance of getting a job at companies like Glencore, Trafigura, or energy trading places like BP and Shell Trading with such a background. For example, books that I need to read and skills that I should get.
30 Apr 2014
Seems trading this product is still somewhat niche and that the market still has a ways to go before it becomes as mature as gasoline, heating oil etc. Does anyone know much about what being in the LPG trading business is like in terms of volatility, liquidity and general particuliarities vs other oil products? Looks like some of the usual suspects like Traf and Vitol are big there and trying to get bigger. Anyone else, who is not necessarily a "household" commodity trading name?
09 Oct 2015
Hi all, Wanted to know about Cargill TCM associate program. Little bit of my background- 1 yr exp in Research(similar to junior trader) at ag commodity firm(one of ABD) competitor to Cargill. Expected to become trader in 3-5 yrs timeframe. I really like to be in markets front desk and doesn't want to be a cost centre\back or middle office, that's why confused whether to go forward with this role at Cargill. This is a long 2 year training role wherein they will rotate me in structuring, Risk investors group, Financial trading group and origination. Can anyone connected to Cargill or otherwise
27 Jun 2021
Hello Forum, BACKGROUND: I am a recent (2010) graduate from Imperial College London (University Ranking: 3rd in the UK) with a first class degree (GPA: 3.5+???) in Aeronautical Engineering. My aim is to become a (refined metals) commodity trader. SITUATION: Unfortunately, I have no previous work experience in the commodity industry, so my plan at the moment is to get a job as a traffic operator (or better trading assistant), so as to gather the necessary experience to later get onto a junior trader scheme. QUESTION: What do traffic operators do? / What will you be doing as a traffic operator on a daily basis? This is what I have:
17 Mar 2011
Hi, my dilemma is the following: I joined a commodities trading firm (oil & gas) just three months ago in Switzerland. Had to move from London, which was quite a big move. The salary is really good, the job is challenging and seems to be interesting so far (I'm a trading assistant, fresh graduate), and the growth opportunities are promising. But I was recently contacted by a recruiter from an American BB bank, that is looking for analysts for their commodities team in S&T. It seems to be a once in a lifetime opportunity, and just a few months ago I would've killed for a role like this
22 Jun 2021
Hi all, I used to work in one of those big name IB ops, but now I got a chance to work for Trafigura, starting in Deal Desk, may got the chance move to trading desk, I got couple of things hanging around me.... I never heard of Trafigura, I never have an previous exp related on commodity trading,
25 Jun 2012
For those who don't know the story...back in 1979/80 ex-oil executive Nelson Bunker Hunt and his brother William Herbert Hunt unsuccessfully attempted to corner the silver market. They spent most of the decade stock piling the precious metal, pushed the price up from $11 to $50 per ounce between September of 1979 and January of 1980...and were effectively broke by March of the same year, when the CFTC let the market crash. If the story sounds familiar, you have either: a) looked at Edmundo's avatar lately b) seen the Wall Street cult classic "Trading Places" c) both d) puked when looking at Jamie Lee Curtis' tetas knowing she was born a man, baby. Sorry, couldn't resist that last one.
20 Jul 2010
Hello there fellow hominids! It's been quite a long while since I came through here and a lot has happened since then. Diving right in the story, last I was here, I was a banker working in a commercial bank in the middle east, running an international banking desk. I called it quits a couple of years back to start my own commodities firm trading mainly chemicals and metals (including scraps). I spent the couple of years putting everything in place for the firm (paperworks, office space, etc..) and gathering up info on how to go on about the business. Thing is that the industry I am trying to
25 Dec 2018
Good evening, I am writing to ask this forum for some career advice. Currently, I work for a supermajor oil & gas company doing a variety of operations/procurement-focused roles, however I am looking to potentially move into commodities trading, leveraging my oil & gas supply chain experience and knowledge of the markets. While I do not like my current role with my employer, I enjoy working in a capacity supporting the oil & gas industry. I am interested if anyone has experience or connections that have moved from supply chain/logistical roles or back office positions into energy trading. I am
07 Nov 2018
Tough choice ahead of me... I will graduate in 2021 from a non-target, undergraduate uni. I am keen to start a career in commodity trading with a focus on oil/gas/minerals/freight (I worked one year in the trading function of a major European utility), and there are two paths I could follow: I have secured a summer internship within an oil supermajor's gas trading team (England). This would be followed by the MSc Finance & Investments at the Rotterdam School of Management (#25 MSc Finance by the World University Rankings 2021). or Accept a commercial merchandising trainee offer in the
02 Feb 2021
LOCATIONS: Geneva, Switzerland / Houston, Texas, USA If you have decided not to go to university, you are excited by a career in commodity trading and you are happy to work anywhere in the world, we believe we can offer you an unparalleled opportunity. Even with a couple of years' work experience, if you are hungry, motivated to achieve and want to work at the forefront of physical trading then Trafigura's Commodity Trading Apprenticeship could be for you. Trafigura's Commodity Trading Apprenticeship can offer you the opportunity to join a particular business function (corporate finance, Deals
30 Mar 2015
As I was walking to work yesterday listening to Ludacris "Move Bitch" (great song for NYC walking mindest), I realized that I should be listening to much more enlightening material; material that could be beneficial to me in my job. What do you guys listen to? Any energy sector or capital market specific podcasts that are off the beaten path?
01 Jul 2014
They called me the Commodity Merchant, I prefer "relationship manager". It not just buy low, sell high. It's managing the relationships, structuring the logistics assets and trades from the origin to the destination. We are a regular shipper on the Colonial Pipeline Line 2, Off-Exchange EFP cash settlement & buying from USGC, ship it with CPL and resell it to Greensboro, I also do rail scheduling balance +50 contracts a month. We are not aggressive like some other co, we are not too conservative [like say... Chevron]. The plain truth. Interesting world, but has been tough since 2 years compare
22 Dec 2016
Hi Guys, I've been reading around a bunch about this question but can't find a clear awnser on this one. I've heard Commodity sales in BB is slightly diff from say FX sales in that you'll do a broader range of activities and often work together with the IBD? How does this then relate to commodity trading role? I'm mostly interested in the agricultural side of the commodity business btw. Just to structure things; (1) Whats the difference between a commodity sales analyst position and commodity trading analyst position at say GS/MS. (type of work, team, hours, ...) and could you give an example
31 Jul 2015
Hey guys, So monty already put up a list of all the energy trading firms but what I'm curious for is, aside from Cargill, Louis Dreyfus, Bunge, Glencore, and the other big name shops and banks, who are the other players in non-oil/gas/energy commodities? I've searched and most of the info here is on the said firms.
26 Oct 2010
Hey everyone, I am a scheduler for a small O&G company. I studied economics at a Canadian school and worked a year in an operations role for a Class I railroad after graduation before moving to the customer side. All the people I've heard of going from scheduler to trader on this forum come from pipeline scheduling backgrounds. I schedule refined products and crude oil unit trains by rail for my company. I'm wondering if there is a specific trading shop or oil major that values rail scheduling experience as much as pipeline scheduling? Any shops that have rail movement as a big part of their
31 Aug 2019
Was rejected by this company in 2015. Now I'm here spewing crap haha. But it doesn't change the fact that the crap is true. Marco Ferraz, a Trafigura board member from Argentina. Very close to Trafigura founder Claude Dauphin who was also notoriously corrupt. Claude Dauphin was a Marc Rich protege who spent a few months in an African prison while he was still a billionaire globe trotting around the world in a private jet. http://en.mercopress.com/2017/01/13/corruption-ch… For all my commodity peeps out there, all I can say is be
02 Sep 2017
There is movement currently at Litasco Short Story Russian speakers are OUT, Frenchs Italians get IN. the thesis of the new hiring manager (French) is very inclined in hiring the people she knows. Quite often employees have co-opted with the HR for a while. Remove the HR and see the card games between the traders & the HR to be unfold. The closer you get to the Pharaoh the closer you get to the door ? lol HRs are really the modern Pharaohs Chiefs of Staff but nonetheless, traders should anyway put more dedication to their work than trying to get closer to the HR each day.Their discharge is
04 Dec 2017
Anyone know of a good source which tracks refinery outages? I know IRR and PIRA do but their subscription is about 100k a year. Bloomberg does a decent job at tracking Refinery outages(REFO GO) but is there anything better out there? Any good blogs that write about refineries? Thanks
18 Feb 2011
For a while now, I've been trying to find international hard commodity buyers. So far There has been no luck. Can you suggest an online platform for that? I'm dealing mainly in steel, aluminum, plastics. Your help is most appreciated.
23 Mar 2021
We are talks about commodity futures trade and has expert advice with commodity trading tips for UAE traders and investors. Commodity trading offers a vast horizon for the traders and investors like Commodity Futures UAE. This is so because many commodities are extremely essential for life and therefore, under any circumstances, commodity trade never declines. Read more - http://www.mmfsolutions.sg/blog/top-tips-commodit…
15 Dec 2016
Hello everyone, I am currently a Data Scientist in Fixed Income and just applied for the Tra Graduate in Energy. I have been invited for the Cultural interview which is basically behaviour questions. Do you have any examples on how to respond regarding to the culture of the Trafigura? Like, should I show overconfidence vs humble and things like this. Thank you
01 Oct 2020
I can't seem to be able to get into a Trader role with my current employer because I think I'm good at my current role (procurement) in country elevator & they have no replacement. Keep getting passed over for new grads out of uni with bachelors degree & 0 experience Any advice?
12 Oct 2016
Does anyone know first or second hand how much Trafigura pays its ops or risk/deals desk analysts in their first few years there? Seems like culture there is as tough as it gets in the industry with no job security. Any opinions on that?
22 Nov 2015