I'm around 8 years into my career and have recently been approached about a role in commodities strategy / analysis for an investment bank (on the sell side). Up until now I've held a variety of roles in commodities including third party analysis / consulting (think Woodmac / CRU etc), trading and (more recently) procurement.
I just want to get a feel for what the job would be like and whether anyone on this forum had any experience in it. It would most likely be a significant bump in income (the role is VP level), but the day-to-day job in sell-side commodity strategy seems to me to be simply maintaining market balances and writing regular reports. I've got more than enough experience doing that, but I can't help but feel I've sort of "done" the analysis side of commodities now through my time in 3rd party research. On the other hand, perhaps there are nuances to the role which I am overlooking, and it might open up some interesting doors later down the road.
So broadly speaking, I guess my questions are:
1) What are the day-to-day responsibilities of a VP of commodity strategy in IB? Is it just running a team doing market balances and reports and the odd bit of client strategy stuff, or is there more to it than that?
2) What sort of roles could one move into after a few years in IB commodity strategy?
Many thanks in advance for any help you can give me.