Trading (Crude oil)

Originally Posted by Unregistered

how well does big oil pays?? i know someone in risk and his starting pay was 4k plus, and he wasnt even in shell, exxon or BP. Does support function really pays so well too? If big oil pays a fresh grad so well for a support function, it seems like a better choice to work in oil than banks!

I think you need to be careful with such generalizations. Banks are very homogeneous, i.e. good times all good pay good bonus bad times all retrench, pay cut, no bonus together.

Oil industry is very fragmented, big oil like Exxon & Shell is good times very big bonus bad times not so big bonus. Exxon has 5 months guaranteed for middle & lower levels, Shell has 3 months guaranteed + 3-5 months performance bonus. BP is not that good but still better than most industries. On the other hand there are many other oil MNC/local firms that are very volatile and average payers.

If you ask me in terms of pay package for support department jobs between foreign bank or big oil, big oil pays better. But if compare foreign bank with a normal oil mnc then I would think banks pay better. General impression, of course there will be exceptions here & there.

Originally Posted by Unregistered

I think you need to be careful with such generalizations. Banks are very homogeneous, i.e. good times all good pay good bonus bad times all retrench, pay cut, no bonus together.

Oil industry is very fragmented, big oil like Exxon & Shell is good times very big bonus bad times not so big bonus. Exxon has 5 months guaranteed for middle & lower levels, Shell has 3 months guaranteed + 3-5 months performance bonus. BP is not that good but still better than most industries. On the other hand there are many other oil MNC/local firms that are very volatile and average payers.

If you ask me in terms of pay package for support department jobs between foreign bank or big oil, big oil pays better. But if compare foreign bank with a normal oil mnc then I would think banks pay better. General impression, of course there will be exceptions here & there.

so how much should one expect for oil & gas?? for support functions like risk? how much is the annual package and increment?

Originally Posted by Unregistered

mind sharing your job scope? i believe risk has market, credit risk etc??

Yes..I am in credit risk. I work closely with traders and also other functions like legal, compliance, finance.

some ppl here are also very funny. how abt actually applying and getting interviews & offers first before keep asking about pay & increments?

Originally Posted by Unregistered

some ppl here are also very funny. how abt actually applying and getting interviews & offers first before keep asking about pay & increments?

Those who keep asking are unlikely to get an offer in the first place. For competitive industry like trading in top bank/MNC I suspect those that can get offers already done the required internships and establish the necessary connections before graduating.

can anyone shed more lights on the prospects of risk management? not traders.. gotten an offer but have no idea on oil industry or trading. is the prospects of risk management good?

Originally Posted by Unregistered

can anyone shed more lights on the prospects of risk management? not traders.. gotten an offer but have no idea on oil industry or trading. is the prospects of risk management good?

go banking MO side better, RM is not critical to oil industry & u will be treated like finance/accounting.

Originally Posted by Unregistered

go banking MO side better, RM is not critical to oil industry & u will be treated like finance/accounting.

The base salary that they r offering is quite good (at least to me). But I'm not sure what is the long term prospects of it and the supposedly industry average for this kind of role.. a lot of info r on traders but I'm not looking to become one, and I couldn't find much info on risk

Originally Posted by Unregistered

The base salary that they r offering is quite good (at least to me). But I'm not sure what is the long term prospects of it and the supposedly industry average for this kind of role.. a lot of info r on traders but I'm not looking to become one, and I couldn't find much info on risk

which co. and how much is the offer? u say like dun wanna say then why bother to ask...

anyway u take a look at those graduate survey lor, if ard 3.5-4k for local deg should be abt average lah.

hi all, i'm an accounting grad and have no idea abt all these trading

however i got a call from my agent who wanted to rcmd me for an interview as an accountant at a commodity house

my question is very simple, what's the difference between a commodity house and an oil company like shell and bp? a commodity house doesn't drill for oil right? so they buy it from who? and sell to who?

thank u ^^