Volatile market conditions and disruptive technologies are propelling change in commodities trading. As a result, the sector holds both challenges and rewards for ambitious graduates.
Technology is transforming commodities trading. Emerging technologies from blockchain to artificial intelligence and big data are reshaping business models and products and accelerating rapid changes in cross-border trade financing, production, and supply change management. Increasingly, the commodities sector is harnessing technology to solve longstanding problems. Heightened regulatory requirements and the global call for sustainability and transparency are also reshaping the way commodities traders operate.
As commodities firms strive to remain relevant and sharpen their competitive edge in this evolving business landscape, agility and innovation will be critical to the success of these firms.
Those looking to enter the commodities industry should bear in mind that this is a demanding and fast-paced industry. A career in this industry will involve long hours and frequent international travel. Professionals in the commodities industry must also continually keep abreast of trends and update their skills. However, for driven individuals looking to make a mark in the dynamic arena of international trade, a career in commodities trading offers potential for substantial rewards.
CAREER PROSPECTS AND OPPORTUNITIES
Singapore is the region’s largest commodities trading hub with its strategic position in resource-rich Asia. Home to more than 400 global, regional, and local commodities players, the commodities sector is a highgrowth one. This makes the sector highly attractive to graduates, particularly in the areas of trading, finance, logistics, risk management and technology.
Ambitious graduates with strong technical competencies can launch their careers in the industry by applying for a position in graduate programs offered by major trading companies. These programs allow fresh graduates to gain valuable exposure to diverse business areas across global markets as well as enjoy rich networking opportunities.
- Degree in business, computer science, economics, finance, logistics, international finance, or related disciplines
- Excellent communication skills coupled with the ability to work with diverse stakeholders
- Strong multi-tasking and organizational ability and an eye for detail
- Ability to work under pressure
WHAT RECRUITERS LOOK FOR
- A strong interest in trading, commodity markets, financial markets, shipping, or related industries
- Knowledge of relevant trading platforms and applications for engineering roles
- Analytical skills and familiarity with Excel and programming language (including VBA and Python) for trading roles
- Proactive self-starter personality
- Collaborative and teamwork skills