Oil Broker Career


The oil broker career involves crude oil trade.  The oil broker is tasked to match sellers with buyers, buy and sell oil futures, arrange and facilitate trade of oil products, look for probable clients, monitor market movement, and analyze oil trade.  Being in an oil trade entails one to decisions that are immediate and wise based on the market data or figures.  This type of career entails one to travel and attend seminars as well as business meetings and transactions.  One may work in the trading floor or do office work and make phone calls.

An individual with this type of career must be good with numbers.  One must have excellent skills in communication, analysis, negotiation, and human relations. A business-related background will prepare one for the different challenges.

How to become an Oil Broker

To become an oil broker, one must earn a degree in business, finance, economics or any business-related degree.  An individual with degrees related to the oil industry are also qualified.  Get employed in a company or organization registered under the Financial Industry Regulatory Authority.  One’s employer may pay for his examination fee at the Financial Industry Regulatory Authority.  Successfully pass the exam to become a full-pledged oil broker or commodities broker.  One may then work for the company that had sponsored him or work on his own.

Oil Broker Courses, training, programs

A business degree allows one to gain background in various areas such as accounting, business law and ethics, management, marketing, economics, business finance, business statistics, accounting transactions, business decisions, and business strategies.  The program includes courses that allow the student to gain practical skills.

TOP 5 colleges/Universities

Stanford University, California

Harvard University, Massachusetts

Massachusetts Institute of Technology (Sloan), Massachusetts

University of Pennsylvania (Wharton), Pennsylvania

Northwestern University (Kellogg), Illinois

Oil Broker Jobs, opportunities, salaries/pay

An oil broker has an opportunity to earn an average of $82,000 per year.  One’s salary would depend on the work location, employer, experience, and benefits.  Employment may be found various firms or work on his own.  Becoming self-employed entails one to build his own client base.

Category: Oil Careers

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