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AndrewHall 14-12-2019 06:28 PM

Oil Majors vs. Trading House
 
Looking for opinions on career progression in oil majors: BP/EM vs. Trading Houses: Glencore/Trafi as a fresh grad.

I'm aiming to progress to an oil trader within 3-6 years of learning the ropes in risk, ops or analytics.

Any industry insiders able to provide some insights on career progression with the above mentioned companies?
Which of the companies, at least for the first few years, would a fresh grad learn the most about oil trading?


To my knowledge,

BP's TDP is the has a trading program with a rather high starting pay for fresh grads. EM has no grad program and is still building its trading division unlike BP with an established IST division. EM's traders in recent times are external hires, not sure if there is a chance for fresh grads in other division to join the trading division later in their careers.

Trading houses obviously have a greater focus on trading in their overall business but also has no trading programs. Trading houses have less E&P/Refining assets but are very much interested in acquiring the refineries.

It seems the majors and trading houses businesses are converging with oil majors are getting into trading and trading houses are getting into refining.

Who would have a better future career prospect and industry mobility? A trading house employee or a oil major employee?

Thanks in advance.

Unregistered 17-10-2020 04:36 AM

Quote:

Originally Posted by AndrewHall (Post 127153)
Looking for opinions on career progression in oil majors: BP/EM vs. Trading Houses: Glencore/Trafi as a fresh grad.

I'm aiming to progress to an oil trader within 3-6 years of learning the ropes in risk, ops or analytics.

Any industry insiders able to provide some insights on career progression with the above mentioned companies?
Which of the companies, at least for the first few years, would a fresh grad learn the most about oil trading?


To my knowledge,

BP's TDP is the has a trading program with a rather high starting pay for fresh grads. EM has no grad program and is still building its trading division unlike BP with an established IST division. EM's traders in recent times are external hires, not sure if there is a chance for fresh grads in other division to join the trading division later in their careers.

Trading houses obviously have a greater focus on trading in their overall business but also has no trading programs. Trading houses have less E&P/Refining assets but are very much interested in acquiring the refineries.

It seems the majors and trading houses businesses are converging with oil majors are getting into trading and trading houses are getting into refining.

Who would have a better future career prospect and industry mobility? A trading house employee or a oil major employee?

Thanks in advance.

Honestly, join a small oil trading firm (hope you are handsome or pretty), and then jump from there. It's infinitely easier than lateral movement to trading inside the big firms.

Unregistered 19-10-2020 07:05 PM

TS english needs some improvement.


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