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Topic Review (Newest First)
20-03-2021 01:04 PM
Unregistered This industry so secretive and full of crooks.
19-03-2021 11:50 PM
Unregistered Sorry I’m super new to this industry but recently went for an interview with a bunker company.

May I ask if a sales exec role in a bunker supplier firm is the “broker” or “trader” that you guys talked about here? Is it a good career choice as I’m thinking of making a switch to oil & gas. Is there hope in the industry now that countries are rolling out vaccines and air travel bubble?

Thanks in advance for any replies!
04-02-2021 10:04 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Oil trading is in decline. With the current focus on clean energy, governments and even the ordinary citizen are "punishing" oil consumption. Used to be damn prestigious to be working in those big international oil firms such as Shell, ExxonMobil, BP. No longer the case today. Oil demand has plunged due to covid and these firms have all been hit badly, with many even having to retrench. A good part of the annual salary for these firms come from bonuses. I expect the bonus to be paid out this year (for 2020's performance) to be miserable, potentially zero.
Don't lump Shell and BP together with dinosaur Exxon.

The way BP structures their packages it's not so bad even if you get a 1-2mth bonus payout. Base figures are very competitive already.
04-02-2021 09:58 AM
Unregistered Oil trading is in decline. With the current focus on clean energy, governments and even the ordinary citizen are "punishing" oil consumption. Used to be damn prestigious to be working in those big international oil firms such as Shell, ExxonMobil, BP. No longer the case today. Oil demand has plunged due to covid and these firms have all been hit badly, with many even having to retrench. A good part of the annual salary for these firms come from bonuses. I expect the bonus to be paid out this year (for 2020's performance) to be miserable, potentially zero.
03-02-2021 05:27 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
That's in general for anyone who wants to make their way into trading. For midcareer, depending on how many more years they can continue to be in trading, guess it may be harder to cross over even if the above mentioned all aligns.. right?
Rare to see midcareer professionals cross over, as most would be unwilling to make the lifestyle changes that a commercial role calls for.
03-02-2021 04:33 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Heavily dependent on too many variables eg firm culture (promote internally or hire external traders), whether your traders like you, whether you can make it, whether there is an opening etc. Though it is easier at the smaller Chinese shops.
That's in general for anyone who wants to make their way into trading. For midcareer, depending on how many more years they can continue to be in trading, guess it may be harder to cross over even if the above mentioned all aligns.. right?
03-02-2021 02:11 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Is there an 'unspoken' age limit that one can make the switch to trading within the same org from a support role eg. risk or operator?
Heavily dependent on too many variables eg firm culture (promote internally or hire external traders), whether your traders like you, whether you can make it, whether there is an opening etc. Though it is easier at the smaller Chinese shops.
03-02-2021 02:04 PM
Unregistered Is there an 'unspoken' age limit that one can make the switch to trading within the same org from a support role eg. risk or operator?
16-05-2019 11:31 AM
Unregistered
Keep trying

Quote:
Originally Posted by Unregistered View Post
Work one year then wanna climb in commods. Wrong industry la you. Very naive.
If you think that 1 year is too short of a time for switching around, then the next thing you know will be you are stuck in the bank for 5 years without relevant experience for the next role. The key is do not limit yourself!

1) Try to do more research on the list of relevant companies and roles available within your reach.
2) Prepare yourself well for interview
3) Learn and seek for a bette role
4) Repeat above

= )
19-09-2018 09:12 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Thanks for your reply. I'm open to trade finance or a treasury related role on the client side as I feel it provides more exposure than within a bank. Point taken about justifying my 1 year of exp, but at what point am I not considered a fresh grad? Will it be when I've amassed 2 years or more worth of exp?
Work one year then wanna climb in commods. Wrong industry la you. Very naive.
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