Business economics researcher to commodity trader
A business economics researcher already meets 36% of what the commodity trader role asks for. The move turns on 8 required skills not yet in the profile.
59.6/ 100
1 How much of what a commodity trader is expected to do is already part of a business economics researcher’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the commodity trader role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A commodity trader role treats 5 of its required skills as things a business economics researcher already does. You would walk in with these on day one.
- analyse economic trends
- analyse market financial trends
- commercial law
- economics
- financial markets
What stands in the way is 8 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 9 skills that carry over, these are the ones fewest other occupations ask for. A commodity trader role needs them, and most people applying for one will not have them already. This is the part of a business economics researcher background worth leading with.
- already held forecast economic trends information skills
- already held analyse economic trends information skills
- already held commercial law business, administration and law
- already held financial markets business, administration and law
- already held financial forecasting business, administration and law
- already held international business business, administration and law
All 9 carried skills, including the 5 the commodity trader role treats as required.
Table 3 · What you may need to learn
The 18 missing skills fall into 6 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn financial jurisdiction required
- still to learn international trade required
- optional, not held international commercial transactions rules optional
- optional, not held banking activities optional
- optional, not held financial products optional
- still to learn negotiate sale of commodities required
- still to learn negotiate with stakeholders required
- optional, not held negotiate sales contracts optional
- optional, not held negotiate buying conditions optional
- optional, not held negotiate price optional
- still to learn analyse financial risk required
- still to learn perform financial risk management in international trade required
- optional, not held maintain records of financial transactions optional
- optional, not held trace financial transactions optional
- still to learn handle financial transactions required
- optional, not held operate financial instruments optional
- still to learn trading software required
- optional, not held actuarial science optional
Table 4 · Where to start
The 3 entries a commodity trader role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 negotiate sale of commodities practise this
- 02 trading software study this
- 03 analyse financial risk practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 9 skills that carry over
- already held analyse economic trends skill
- already held analyse market financial trends skill
- already held commercial law knowledge
- already held economics knowledge
- already held financial markets knowledge
- already held financial forecasting knowledge
- already held forecast economic trends skill
- already held international business knowledge
- already held statistics knowledge
10 supplementary skills, helpful but not required
- optional, not held actuarial science optional
- optional, not held international commercial transactions rules optional
- optional, not held negotiate sales contracts optional
- optional, not held banking activities optional
- optional, not held financial products optional
- optional, not held maintain records of financial transactions optional
- optional, not held negotiate buying conditions optional
- optional, not held negotiate price optional
- optional, not held operate financial instruments optional
- optional, not held trace financial transactions optional
24 held skills the commodity trader role does not ask for
- not needed by the target role advise on economic development skill
- not needed by the target role analyse financial performance of a company skill
- not needed by the target role apply scientific methods skill
- not needed by the target role apply statistical analysis techniques skill
- not needed by the target role assess risk factors skill
- not needed by the target role business analytics knowledge
- not needed by the target role business management principles knowledge
- not needed by the target role conduct qualitative research skill
- not needed by the target role conduct quantitative research skill
- not needed by the target role consider economic criteria in decision making skill
- not needed by the target role digital data processing skill
- not needed by the target role execute analytical mathematical calculations skill
- not needed by the target role financial analysis knowledge
- not needed by the target role fundamental analysis knowledge
- not needed by the target role management consulting knowledge
- not needed by the target role mathematical economics knowledge
- not needed by the target role mathematics knowledge
- not needed by the target role monitor national economy skill
- not needed by the target role operational research knowledge
- not needed by the target role provide cost benefit analysis reports skill
- not needed by the target role quantitative analysis knowledge
- not needed by the target role use business simulation tools skill
- not needed by the target role write research proposals skill
- not needed by the target role write scientific publications skill
7 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn trading software required
- still to learn financial jurisdiction required
- still to learn international trade required
- optional, not held actuarial science optional
- optional, not held international commercial transactions rules optional
- optional, not held banking activities optional
- optional, not held financial products optional
Other moves recorded from business economics researcher
Common questions about this move
Can a business economics researcher become a commodity trader?
Yes, and it is a substantial move. A business economics researcher already covers 36% of what a commodity trader is expected to do: 9 skills carry over, 5 of which the commodity trader role treats as required.
What skills does a business economics researcher need to become a commodity trader?
8 required skills are missing, plus 10 optional ones. They fall into 6 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is negotiate sale of commodities.
How hard is the move from business economics researcher to commodity trader?
Its learning distance is 59.6 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.