spyrogyra
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#1
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#1
What are the career prospects like?
And salary progression?

Thanks


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Ladbants
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#2
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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
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Trapz99
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#3
Career prospects and salary are alright.
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Mandem67
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(Original post by spyrogyra)
What are the career prospects like?
And salary progression?

Thanks


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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.
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bankingHQ
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(Original post by spyrogyra)
What are the career prospects like?
And salary progression?

Thanks


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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.
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Buttmuffin
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#6
Report 1 year ago
#6
(Original post by spyrogyra)
What are the career prospects like?
And salary progression?

Thanks


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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
Last edited by Buttmuffin; 1 year ago
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