Interview with: A BROKER

Our ‘Interview With’ series speaks to people in varying careers to ask about their role and how they got there, to inspire others who may be at the stage of picking a career, or switching up their current one.

This week, we interviewed a broker who deals in the commodity oil and found out the pros and cons of working long(ish) days…

WHAT IS YOUR JOB TITLE?

Commodity broker

  • HOW LONG HAVE YOU BEEN WORKING SINCE LEAVING FULL-TIME EDUCATION?

7 Years

  • WHAT ARE YOU RESPONSIBLE FOR IN YOUR ROLE?

Executing futures and otc (over the counter) trades for clients. Specifically, I broke crude oil swaps and energy futures for my customers. 

  • WHAT DOES A TYPICAL WORKDAY LOOK LIKE?

Start work 7:30-8am (earlier if you’re more junior and trying to prove yourself) usually finish anywhere from 6-8pm. I don’t take a lunch break so the hours are quite long.

We’re on the phone for most of the day, texting customers or using trading platforms’ chat system to speak with our clients. We also prepare and send out morning market runs, market value runs, news flashes, charts and graphs to customers. 

  • WHAT’S THE BEST PART OF YOUR JOB?

It’s a very social job, I get to visit countries where my customers are based, have client lunches at some of the world’s best restaurants and entertain clients on day trips such as golf. Plus every working day is completely different, and we have a lot of fun in the office – no one takes themselves too seriously in this industry, it’s all about being a people person and maintaining relationships.

Also, it can be very financially rewarding.

  • WHAT WOULD YOU TELL SOMEONE LOOKING TO GET INTO YOUR INDUSTRY?

If you can, do it.

  • WHAT ARE THE MAIN QUALIFICATIONS NEEDED FOR YOUR ROLE/INDUSTRY?

Each company is different but the chances are unless you get in at 18 in the most junior role you will need a University degree.

If you can, try to obtain some market experience.

If I were an employer, I’d want to see that a candidate has taken their own initiative and spent their spare time wisely, it would separate them from the crowd.

  • IF YOU COULD GIVE YOUR YOUNGER SELF ANY ADVICE, WHAT WOULD IT BE?

Work harder, be smarter and try to learn another language.

PAY RANGE IN £ (TOTAL PACKAGE): 

A = up to 20k
B = 21-30k
C = 31-50k
D = 50-70k
E = 70k + <<<<<