Careers rarely develop the way we plan them. Our career path often takes many twists and turns, with particular events, choices and people influencing our direction.

We asked Karl Curran from Insurance to give some advice for people considering this job:

Karl Curran

Associate Director

Insurance

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Karl Curran
I would highly recommend this job but I’d say to start taking insurance exams as soon as possible and get them done while you’re young.

I’d also recommend talking to as many people in the industry to see what area of insurance you want to go into i.e. Insurer, Broker, Loss Adjuster etc. – they’re very different!
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The Social person's interests focus on some aspect of those people in their environment. In all cases the social person enjoys the personal contact of other people in preference to the impersonal dealings with things, data and ideas found in other groups.

Many will seek out positions where there is direct contact with the public in some advisory role, whether a receptionist or a counsellor. Social people are motivated by an interest in different types of people, and like diversity in their work environments. Many are drawn towards careers in the caring professions and social welfare area, whilst others prefer teaching and other 'informing' roles.
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Occupation Details

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Commodity Broker

Job Zone

Education
Most occupations in this zone require job specific training (vocational training) related to the occupation (NFQ Levels 5 and 6 or higher), related on-the-job experience, or a relevant professional award.

Related Experience
Previous work-related skills, knowledge, or experience is required for these occupations. For example, several years of full or part-time employment in the area may suffice.

Job Training
Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers. A recognised apprenticeship or training program may be associated with these occupations.

Job Zone Examples
These occupations usually involve using communication and organisational skills to coordinate, supervise, manage, or train others to accomplish goals. Examples include restaurant managers, electricians, agricultural technicians, legal secretaries, hairdressers, and web developers.

€22k > 100
Commodity Broker
Salary Range
(thousands per year)*
€22 - 100
Related Information:
Data Source(s):
CareersPortal

Last Updated: March, 2017

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
-4%
Occupational Category

Brokers & Insurance Underwriters

Also included in this category:

Stockbrokers; foreign exchange dealers; insurance brokers; underwriters; insurance inspectors; mortgage underwriters

Number Employed:

4,300

Part time workers: 15%
Aged over 55: 20%
Male / Female: 60 / 40%
Non-Nationals: 11%
With Third Level: 84%
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At a Glance... header image

Commodity brokers buy and sell physical commodities (crude oil, grain, metals, coffee, sugar) on a commission basis on behalf of private and commercial clients.


Videos & Interviews header image

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Go..Search YouTube for Commodity Broker videos

The Work header image

A Commodity Broker must typically keep a keen eye on the market in relation to product and investment pricing, trends and demand. Some traders receive purchase and selling instructions, meeting with other commodity traders to negotiate transactions.

Others may take client orders over the phone, performing deals via computer to a firm's trading department or directly on the floor of a stock exchange. Additionally, traders provide financial advice, often meeting with clients to plan, review or update an investment portfolio. 

Work activities also include:

  • Interpreting market reports
  • Trading on behalf of clients
  • Liaising with transport, shipping and insurance companies
  • Devising hedging strategies
  • Visiting international suppliers
  • Negotiating price, specification and delivery details
  • Investigating new business openings
Employers of commodity brokers include investment banks, commodity brokers, financial clearing houses and exchanges.


Personal Qualitiesheader image

Commondity Brokers need to be self motivated and determined workers. Having a competitve nature is also advantageous for this role. 

Excellant numeracy skills and an ability to negotiate are also essential. Good organisational skills are crucial in order to react to market movements and respond to client needs efficiently.


Further Informationheader image

A detailed description of this occupation can be found on a number of online databases. Follow the link(s) below to access this information:

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Go..Commodity broker - from: GradIreland

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Career Guidance

This occupation is popular with people who have the following Career Interests...


...and for people who like working in the following Career Sectors:

Banking, Insurance & Financial Services

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