How to hire a commodity analyst

How to hire a commodity analyst, step by step

Here's a step-by-step commodity analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a commodity analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new commodity analyst
• Step 8: Go through the hiring process checklist

What does a commodity analyst do?

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1. Identify your hiring needs

   First, determine the employments status of the commodity analyst you need to hire. Certain commodity analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A commodity analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, commodity analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   The following list breaks down different types of commodity analysts and their corresponding salaries.

   Type of Commodity Analyst	Description	Hourly rate
   Commodity Analyst	Buyers and purchasing agents buy products and services for organizations to use or resell. They evaluate suppliers, negotiate contracts, and review the quality of products.	$30-57
   Purchasing Supervisor	A purchasing supervisor orders supplies, equipment, and materials from vendors by buyers. The purchasing supervisors assess, select, and build relationships with the vendors... Show more	$21-50
   Planner/Buyer	The role of buyers/planners is to ensure that office materials and equipment are well-supplied within their organization. They decide and purchase the materials needed for use or resale by their organization... Show more	$17-37

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Risk Management
   • Commodities
   • Macro
   • Supplier Performance
   • VBA
   • Derivative
   • Booking
   • Analytical Support
   • Margin Analysis
   • Financial Reports
   • Purchase Orders
   • Fundamental Research
   • Fundamental Analysis
   • Strategic Sourcing

   Check all skills

   Responsibilities:

   • Accomplish the RFQ process, providing cost and availability information on a timely basis.
   • Manage operational risk and cultivate client relationships through OTC commodities trade confirmation across all commodities.
   • Develop detailed databases on supply and demand fundamentals for commodities under review.
   • Assist management with evaluation of restructuring alternatives, procurement of financing, negotiations with multiple constituencies and issuance of new securities.
   • Query expenditures in PeopleSoft to identify categories to leverage through renegotiating company's contracts.
   • Monitor and facilitate flow of automotive material through terminal, coordinating JIT procedures.

   More commodity analyst duties

3. Make a budget

   Including a salary range in your commodity analyst job description is a great way to entice the best and brightest candidates. A commodity analyst salary can vary based on several factors:

   • Location. For example, commodity analysts' average salary in iowa is 34% less than in massachusetts.
   • Seniority. Entry-level commodity analysts earn 47% less than senior-level commodity analysts.
   • Certifications. A commodity analyst with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a commodity analyst's salary.

   Average commodity analyst salary

   $87,261yearly

   $41.95 hourly rate

   ---

   Entry-level commodity analyst salary

   $63,000 yearly salary

   Updated December 14, 2025

   Average commodity analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	Massachusetts	$103,653	$50
   2	California	$96,977	$47
   3	Connecticut	$96,236	$46
   4	New York	$91,807	$44
   5	Pennsylvania	$89,564	$43
   6	Texas	$84,925	$41
   7	Wisconsin	$83,827	$40
   8	Missouri	$78,710	$38
   9	Arizona	$75,783	$36
   10	Colorado	$73,864	$36
   11	North Carolina	$71,120	$34

   Average commodity analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Apple	$122,583	$58.93
   2	Loomis Sayles	$118,699	$57.07
   3	Citicorp North America, Inc	$100,251	$48.20
   4	ABN AMRO Chicago Corporation	$100,144	$48.15
   5	Energy Transfer	$99,039	$47.61	6
   6	Barclays	$99,039	$47.61
   7	Royal Bank of Canada	$96,406	$46.35	5
   8	Citi	$95,084	$45.71	10
   9	Siemens Enterprise Communications Inc	$89,916	$43.23
   10	Dell	$89,309	$42.94
   11	Broadcom	$88,386	$42.49
   12	Pentair	$88,062	$42.34	2
   13	CPM Roskamp	$87,761	$42.19
   14	The Summit	$87,740	$42.18
   15	Louis Dreyfus Company	$87,740	$42.18
   16	Sempra LNG & Midstream	$87,581	$42.11
   17	Monsanto	$87,564	$42.10
   18	Agile Enterprise Solutions	$85,815	$41.26	1
   19	Bank of America	$84,889	$40.81	5
   20	Cargill	$83,660	$40.22

4. Writing a commodity analyst job description

   A good commodity analyst job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a commodity analyst job description:

   Commodity analyst job description example

   About the Role
   
   The Commodity Analyst reports to the Development Category Manager and will office with our team in Denver, Colorado.
   
   The successful candidate will hold the following accountabilities:
   
   * Monitor daily activity for drilling and completions activity with the completions engineers to understand demand forecast for commodities (sand, chemicals, drilling fluids)
   * Communicate and work with wellsite personnel to verify sand chemical deliveries are consistent and timely basis
   * Communicate and work with sand and chemical vendors (transload, last mile logistics, warehouses, and mines) to establish delivery schedule and demand daily
   * Communicate risks to transportation and logistics to management and anticipate supply disruptions proactively
   * Reconcile documentation from commodity pickups at various facilities to commodity utilization on location and well allocation to field tickets on a weekly basis for invoicing accuracy
   * Monitor local and global commodity indices to determine potential budget impacts both up and down
   * Monitor macro-economic news to monitor for any global supply chain risks related to commodities
   * Build should cost models for end chemicals based on feedstock, warehousing, and logistics costs
   * Reconcile documentation from OCTG (casing) deliveries to invoices to well activity in OpenWells
   * Work through other projects as assigned
   
   Essential Education and Experience
   
   * Bachelor's degree in Supply Chain, Finance, Economics, or equivalent Business degree or commiserate experience in lieu of a bachelor's degree
   * Highly proficient or advanced skills in Microsoft Excel and Power BI (or other data visualization tool)
   * Experience with SAP and OpenInvoice, preferred
   * Minimum 3-year work experience
   
   Desirable Experience
   
   * Communicate and coordinate across a broad spectrum of technical and non-technical work groups
   * Strong team-working skills and ability to effectively influence and build alignment with individuals and within multi-disciplinary teams
   * Able to understand and analyze complex issues, in a fast-paced environment, identify alternatives and select an appropriate course of action to achieve desired outcome.
   * Interpret and analyze data with the ability to draw out information and insights
   * Interpret complex contracts and apply principles to ongoing activities
   * Excellent communication (oral and written) skills. Communicates with clarity and integrity and understands the need for constant and consistent dialog and integration among different stakeholders.
   
   Why join us
   
   At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.
   
   There are many aspects of our employees' lives that are important, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!
   
   We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
   
   Salary Range - $88,992 - $144,818

   Copy this example

   

5. Post your job

   There are a few common ways to find commodity analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your commodity analyst job on Zippia to find and recruit commodity analyst candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with commodity analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new commodity analyst

   Once you've found the commodity analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   To prepare for the new commodity analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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