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Erik Trautman

Technical entrepreneurship, business strategy and product development

Today I Quit My Job

Today I quit my job. Well, not exactly... I gave my notice and set the clock ticking on my extrication from this industry. Energy has been my home for the five years since I graduated Penn with a degree in Mechanical Engineering and an ambition to trade millions of dollars of something on the world markets.

I landed out of school in the Bank of America analyst training program in time to catch the crest of the market wave just before it broke. My analyst class was the largest in the bank's history (500+), the stock was trading around $53, and the plans were on the table for the glorious new Bank of America tower overlooking Bryant Park in New York. There were cracks already -- I remember rotating through the Commercial Mortgage Backed Securities (CMBS) desk for a week and having NOTHING to do while everyone around sort of shambled by like zombies. A year and a half later the world had changed "“ Lehman and Bear were gone and the integration with Merrill Lynch meant that our tiny commodities team in that brand-new-but-nearly-empty tower in New York was redundant.

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