When starting in the commodity trading sector internships are the first step to take. Internships can aid in gaining work experience and give you the chance to gain the necessary soft skills. It can also show you which type of commodity trading job you want and what challenges you can face.
How To Become a Commodity Trader Without Experience
The first thing to consider is degrees in business, economics, accounting or finance. These courses can offer you business administration, human resource management, sales and marketing strategies and supply management training. A-level entry requirements for a business-related degree programme range from CCC to AAB. After you have the required degrees you may need to get additional five GCSEs with scores above four. You can also complete business apprenticeships to qualify as a commodity trader.
Lastly, you must gain work experience Employers and you can consider beginning with entry-level roles like a trading assistant or analyst that involve working under the guidance of senior traders.
Is It Hard To Become a Commodity Trader?
Getting the qualifications needed to become a commodity trader can be tedious. However, getting a job might be easier than you might think since they are in high demand.
Are Internships Essential for Landing Jobs in Commodity Trading?
Internships in the commodity trading sector are not essential but can aid in your work experience. If you want to find an internship in the commodity trading sector, you’ll need to do a lot of research. These opportunities require perseverance, active engagement, and planning. There are three types of valuable sources you can use to explore the internship opportunities available.
Company Websites
Start by researching prominent commodity trading companies and visiting their official websites. Most companies have a dedicated careers or internships section that provides the necessary information about available positions, including application deadlines, eligibility criteria, and the responsibilities of the internship.
Networking
Building professional connections is a crucial aspect of finding an internship in the commodity trading industry. Network with professors and fellow students, to learn about available opportunities and gain valuable insights.
Job Platforms
Online job platforms are useful resources for finding internships in commodity trading. You can register on various job portals and create a profile that highlights your areas of interest and expertise. Some popular job platforms to explore include Indeed, LinkedIn, Glassdoor, and more.
What Should I Include In My CV for a Commodity Trader Job?
A strong CV will help a lot in finding an internship in a commodity trading company which needs a persuasive cover letter. The following tips will help you create a competitive application:
Tips For Your CV
Constructing a successful CV that showcases relevant skills and experiences is crucial. Here are a few tips to keep in mind when updating your CV:
- Highlight relevant coursework: Mention courses related to finance, economics, and business, as these subjects are typically important to commodity trading.
- Include internships: Emphasise any positions that demonstrate an understanding of finance, trading, or the specific commodities the company trades in.
- Emphasise technical and analytical skills: Commodities trading companies value applicants who are proficient in various programming languages, analytical tools, and platforms.
Cover Letter Strategies
A well-written cover letter that complements your CV can help you stand out among the competition. To create an effective cover letter, follow these tips:
- Address the employer’s needs: Research the company to understand their objectives, culture, and specific requirements, and tailor the cover letter accordingly.
- Demonstrate genuine interest: Explain why you are interested in commodity trading and the company itself. This shows the employer that you’re genuinely enthusiastic about the opportunity.
- Proofread and edit: A cover letter should be error-free and well-organised, reflecting professionalism and attention to detail.
How To Ace the Interview Process
Finding an internship in a commodity trading company can be a rewarding experience. One key element to securing such a position is acing the interview process.
Research and Preparation
Before attending the interview, it is crucial to research the company and the industry. This includes understanding the company’s business model, competitors, and market trends. A well-prepared candidate can use this information to demonstrate their interest and knowledge during the interview.
Prepare for Interview Questions
Employers often use behavioural questions to evaluate a candidate’s ability to handle challenging situations, work well with others, and demonstrate leadership. By preparing for these questions you can demonstrate your suitability for the internship.
Technical Questions
A commodity trading internship may require some knowledge of the financial markets, trading concepts, and risk management strategies. You should review relevant topics to effectively answer technical questions.