/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;It wasn&#39;t that long ago that landing a job at a hedge fund (and/or starting one) was the gold at the end of the financial services career rainbow. Today, though, while some hedge funds are adding assets, others are losing their luster -- many are currently involved in alleged insider trading investigations. In the meantime, previously underappreciated jobs like trading gold, silver, copper, tin, nickel and other metals have gained in desirability. As well is in pay.&lt;/p&gt;&lt;p&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/dloos/folders/Jing/media/89eda853-37bc-4d1b-8a12-1f27946398da/00000146.png&quot; border=&quot;0&quot; alt=&quot;&quot; width=&quot;284&quot; height=&quot;211&quot; align=&quot;left&quot;&gt;Metals traders &quot;earned as much as 20 percent more&quot; in 2010 versus 2009, &quot;with the most-profitable getting $2 million to $3 million.&quot; And they&#39;re &quot;setting up for another banner year.&quot;&lt;/p&gt;&lt;p&gt;&quot;Zinc will gain as much as 21 percent this year and copper 12 percent, according to the median estimates of as many as 27 analysts surveyed by Bloomberg News in December.&quot; As a result, more metals traders will be &quot;earning seven figures than normal.&quot;&lt;/p&gt;&lt;p&gt;There&#39;s already been an increase in commodities trader hiring on Wall Street. At the end of 2010, UBS said it &quot;would double the size of its commodities group, while Citigroup Inc. and Standard Chartered Plc said they also plan to hire. Australia &amp;amp; New Zealand Banking Group Ltd. expanded its team last year and Societe Generale SA secured 130 power and gas specialists after buying assets from RBS Sempra Commodities LLP. Sempra sold other commodity businesses to JPMorgan.&quot;&lt;/p&gt;&lt;p&gt;Of course, not all commodity traders have been hitting it out of the park as of late. Due to that Volckin&#39; Volcker Rule, &quot;some commodity units were diminished by curbs on proprietary trading.&quot;&lt;/p&gt;&lt;p&gt;Still, given that &quot;metals traders are an exception when there&#39;s pressure on banks to cut remuneration,&quot; according to Peter Henry of Commodity Search Partners Ltd, and thus these traders are &quot;making more money than other parts of the banks and the bonuses reflect that,&quot; it could be time to ditch your dreams of hedge fund glory and consider a career in aluminum.&lt;/p&gt;&lt;p&gt;(Bloomberg)&lt;/p&gt;

Derek Loosvelt

Article

Investment Banking Internships for Summer 2027 Are Open: How, When, and Where to Apply

MBA vs. CFA: Which Pays Off More for Banking and Finance Professionals?

How AI is Changing Careers in Banking and Finance

Where the Vault Fintech 100 Firms Are Headquartered

The Library