Over the past summer I took an internship in Washington D.C. where I began learning the expanse of energy markets across the U.S. In this role I was able to view commodity trading from the perspective of a midstream energy supplier, WGL Midstream. Through reviewing the strategies being utilized, I would consistently monitor natural gas, wholesale electricity contracts and futures on the Intercontinental Exchange (ICE) to determine potential value and risk to WGL’s utility and midstream portfolio.
HOW DID YOU FIND THE OPPORTUNITY?
I came about this opportunity from a colleague at Morgan Stanley on the commodities desk. From our various conversations and my sights being set on trading in commodities he advised me to take a role at an energy supplier. Through my connections and countless nights of research the opportunity arose in March of the spring semester and I secured it.
WHAT WAS YOUR EXPERIENCE LIKE AND WHAT DID YOU LEARN?
The experience was fast paced as any trading environment would be. Daily, I would run analysis of large quantities of data to capitalize on market inefficiencies through location and pricing spreads. By the conclusion of my internship I was able to understand and aggregate a database of WGL’s Natural Gas pipelines and storage contracts to aid supply forecasts for future EIA storage reports. It was in this role that I was given a deep dive into how weather, geopolitical events and cyclical pricing adjustments affect underlying assets being traded.
WHAT ADVICE DO YOU HAVE OTHER STUDENTS?
Advice for students at Isenberg that are looking for either a full time role or an internship; first make sure your resume is spot on, drop it by the Chase Career Center or at the very least have another student read it over. Second, do not think you have applied to one institution just because you have submitted an online application. Reach out to those you know at the firm or cold Inmail via LinkedIn, this is where your networking can beat out another candidate with a higher GPA and a faceless resume. Third, and this is for those going into any field; make sure you talk to everyone. There is too much information in the world that we miss out on even the smallest hint that could have the largest impact on your career or education. Fourth, get involved; employers look for those who pursue their career aspirations outside of the classroom. Take time to apply to the family of student run funds at Isenberg (MAIF, MEF, MFIF) and gain exposure to the live markets you wish to follow.
Lastly, for those looking to pursue a career in trading know that trading in any asset class will take a lot out of you. You will learn to go to bed at 12:45AM wake up at 5:45AM and function like an engine. It will inundate you with so much information that you will miss out on important notes; so bring your 'A' game every day and don't act as though you know or have seen it all.