Discovering Higher and Degree Apprenticeships with UWE Bristol, get free advice >>

BP IST

What are the career prospects like?
And salary progression?

Thanks

Posted from TSR Mobile

The career prospects are good if you become a trader. But not everyone who does the grad scheme actually becomes a trader, lots of them work in the middle office as well.
Salary is quite good, less than banking but better than the middle office. I've heard that it is £36000 for the graduate scheme

Reply 2

Trapz99

Career prospects and salary are alright.

Reply 3

Mandem67

Original post by spyrogyra

What are the career prospects like?
And salary progression?

Thanks

Posted from TSR Mobile

Do you know what it is? Basically it's physical trading, so nothing like trading at banks. You arrange the shipping and transport costs along with each order you place. Its a normal paid job.

Reply 4

bankingHQ

Original post by spyrogyra

What are the career prospects like?
And salary progression?

Thanks

Posted from TSR Mobile

I had a mate who joined BP on the Trader Development Programme. It's incredibly competitive, only a handful of graduates get onto the trading route. According to him, he was on £55k + bonus + benefits. He did several rotations; started in European Ethanol & Methanol, then hedging of physical Gasoline & Diesel products, then became a Crude Oil Trader - managing BP's North Sea and Baltic books.

So you get the opportunity to move around the different desks and gain exposure to a variety of products; however getting onto the trading scheme is competitive.

Reply 5

Buttmuffin

Original post by spyrogyra

What are the career prospects like?
And salary progression?

Thanks

Posted from TSR Mobile

15 grad spots in total for BP trading & shipping (IST) - 5 analytics, 5 commercial, 5 trading. HR said >5k apps for 5 trading spots = 0.1% offer rate
BP IST: 3 year grad scheme, 3-5 out of the 5 become traders

all-in comp is ~£65-75k first year -> ~£150k if you make junior trader (after grad scheme)
if you're good - move to traf/glencore/vitol as jr. trader (5 years in) = 500k
book leader = >1M
BP head of major desk = 5-8M.... head of cushing desk = ~$40M