Glencore/Vitol Commercial Graduate Programs - Advice for recent grad
I recently graduated from an Ivy a couple of months ago. My current albeit limited experience was really geared towards landing an IB position and I ultimately ended up securing a buyside SA offer in a distressed role for a well-known shop to be in contention for a FT spot meant to lead a PM spot later on. Though I received all positive feedback and was told I was on track to return during my midsummer review and during the internship, they ended up only taking 1 intern. After this, I decided to redirect my focus to law school for an eventual law RX practice group (adjacent to my finance interests) given that I have the requisite LSAT/GPA stats for a T10 school.
I planned and am currently spending the year before I formally apply to LS to helping my dad out with his small blue collar shop (building out a website, contacting and negotiating with clients, dealing with contractors, sourcing low cost materials, etc.) so he can develop and attractive business to sell and retire on. During one of the conversations, I had with a client, a petroleum engineer, he mentioned something about commodities trading, specifically something about Glencore (physical trading). I looked more into it on here and online and am very interested in it. I plan to apply to the Glencore and Vitol Commercial Graduate Programs for the Houston office (given that I am based there now). I understand I would start in sort of a BO/MO in risk/ops and would need to work my way up to trading and prove myself. I was wondering what materials I would need to begin studying to secure these roles and ensure I am the most prepared. From reading around, I see people mention Oil 101, King of Oil, and The International Copper Industry for oil/metals but I imagine the focus in Houston would be oil trading. Any further information on what to study, how to ensure I could get these roles, and general advice on how to best position myself to get into a physical trading house would be greatly appreciated! I also wonder if the cold-emailing/networking approach used by students for IB is industry standard to break in to these firms. I am a complete novice at this but hungry and open to realistic advice.
You sound like a smart guy that knows how to do your research. I would get on LinkedIn and try to find people with your background in Houston that work in trading and network as much as you can. Read the whitepapers from Trafi. Put on your trading hat and ask yourself how you would go about putting together a big deal like you read about in King of Oil. Now imagine you're trying to sell yourself instead of crude and get crafty on how to put yourself in the right place at the right time.
Thanks for the insight!
Cum pariatur vel natus ea. Aperiam deserunt sed quasi in excepturi porro voluptatem. Velit architecto quis rem sint itaque. Ut nihil eos dolores qui impedit vel hic. Non voluptas sit eos dicta blanditiis ad. Quisquam qui ut qui sed accusantium dicta quis. Soluta quidem sunt eum quam.
Sit occaecati quis maiores nihil. Perferendis in nobis sed eum. Voluptatum sit provident quas. Eos placeat laborum eveniet id et.
Voluptas non odio eveniet et accusantium error assumenda. Temporibus est ipsa recusandae.
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...