• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

2

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

3

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

1

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

2

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

3

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
Finance

As the climate heats up, meteorology emerges as the new hot degree on Wall Street

By
Dylan Sloan
Dylan Sloan
Down Arrow Button Icon
By
Dylan Sloan
Dylan Sloan
Down Arrow Button Icon
June 2, 2024, 7:00 AM ET
A TV weather presenter.
Financial firms are creating a new job market for meteorologists as they seek an edge in competitive commodities and energy markets.Getty Images

When Kim Bentzen graduated with a meteorology degree in the 1990s, the only career path he saw was Denmark’s national weather service, and going into finance wasn’t on his radar at all. 

Recommended Video

After five years at the state weather service and two stints working in sales at other companies, he applied for a job at Danske Commodities, an energy trading firm. As the first meteorologist on staff, his bosses were still a little fuzzy on how exactly they would use his skills on the trading floor—they left that part up to him.

“I was there with a job description that just said, find out wherever you fit in to what we need. So it was pretty much up to me—where I could find a niche for myself or where I could find some kind of value I could provide,” Bentzen told Fortune.

The world of finance is always changing, and Wall Street traders’ educational backgrounds are changing with it. Last month, BlackRock’s COO told a Fortune panelist that the firm was emphasizing candidates with backgrounds in the liberal arts in its recruiting, not just traditional finance and business graduates. But one unexpected discipline is in high demand as firms adopt increasingly sophisticated trading strategies in the commodities and energy world: Meteorology.

Long pigeonholed into weather jobs at TV stations or government forecasting agencies, trained meteorologists are increasingly finding opportunities in finance. As climate change makes extreme weather events more common and the rise of renewable energy creates new power markets, accurately forecasting the weather has become a more important edge.

“Industry is absorbing meteorologists for a lot more applications—such as the energy industry, transportation…You can think of many more applications,” Jenni Evans, professor of meteorology and atmospheric science at Penn State and former president of the American Meteorological Society, told Fortune.

In fact, the next few months could put their meteorological skills to the test. Traders are scrambling to brace for a record-breaking heat wave across the Northern Hemisphere this summer, which is expected to send prices for commodities, including energy and crops, flying from historical norms, Bloomberg reported.

An uptick in demand for meteorology expertise in finance has accompanied sea changes across the field more generally over the past few decades. In the early 1990s, many forecasters were still drawing weather maps by hand, a far cry from the sophisticated, computerized techniques that have since become commonplace. 

Today, Bentzen is part of a team of meteorology experts that works alongside Danske’s trading floor, providing insight on how weather trends will affect energy markets. Financial meteorologists like Bentzen and his team look at both short-term and long-term forecasts: For example, estimating how weather conditions will affect wind turbines’ generation capacity over the next few hours or days, alongside how larger phenomena like La Niña could impact crop yields or solar output. It’s created a new possible career path for newly minted graduates.

“In Denmark, the people working in the National Weather Institute are more and more open to other places to work. It is something that is growing,” Bentzen said.

He noted that over the past five years, he’s seen a shift in how Danish meteorology grads are thinking about where they want to work, and finance “is a possibility, if they would like to pursue that.”

That’s a welcome development for climate scientists who have been hurt by decreased demand from traditional employers such as news stations, which have slimmed down their forecasting staffs as computers have picked up the slack. 

Interest in weather forecasting from the finance sector has swelled alongside huge growth in the market for catastrophe bonds, a niche, insurance-linked $120 billion asset class that outperformed the average hedge fund by by 35% last year. Likewise for weather derivatives, a $25 billion market offering businesses protection from events such as severe storms or droughts. In both of those markets, accurately predicting the weather is the ultimate edge, giving investors the ability to detect inaccurately priced assets.

Perhaps more than any other firm, Ken Griffin’s $60 billion Citadel has leveraged forecasting expertise into a lucrative trading strategy. The Financial Times reported that Citadel’s 20-person-strong forecasting team, hired out of academia and national weather forecasting departments, helped generate multiple billions of dollars’ worth of revenue for the firm’s commodities arm. Citadel declined to comment on this article.

As weather modeling techniques get more accurate and firms continue to compete for alpha in markets like commodities and catastrophe bonds, meteorologists can expect demand for their skills to continue to increase.

“[The financial] market has been expanding as a career possibility, predominantly for master’s and PhD graduates,” Evans said. “That industry has been finding more and more ways to use them.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By Dylan Sloan
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

lirr
EconomyRailroads
Spring Hamptons traffic nightmare as Long Island Rail Road workers go on strike
By Philip Marcelo, Nick Lichtenberg and The Associated PressMay 16, 2026
4 hours ago
delivery
Retailecommerce
Walmart’s upper hand over Amazon in the $1 trillion e-commerce race: 90% of Americans live within 10 miles of a superstore
By Anne D'Innocenzio and The Associated PressMay 16, 2026
4 hours ago
milei
North AmericaInflation
Argentinians wage inflation strike on red meat sending beef consumption to 20-year low
By Clara Preve and The Associated PressMay 16, 2026
4 hours ago
tom
SuccessEntrepreneurs
Top Chef’s Tom Colicchio got a 15x return on a tech company most Americans have never heard of. He thinks his own industry is broken
By Nick LichtenbergMay 16, 2026
7 hours ago
bhaskar
Economydisruption
The prophet of the ‘Wired Belt’ says capitalism is finally eating itself
By Bhaskar ChakravortiMay 16, 2026
8 hours ago
cyborg
Future of WorkProductivity
AI’s cyborg problem: you have to embrace it to really succeed but 90% of people can’t or don’t want to
By Nick LichtenbergMay 16, 2026
9 hours ago

Most Popular

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
Success
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
By Preston ForeMay 13, 2026
3 days ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
4 days ago
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
6 hours ago
Current price of oil as of May 15, 2026
Personal Finance
Current price of oil as of May 15, 2026
By Joseph HostetlerMay 15, 2026
1 day ago
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
Future of Work
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
By Jake AngeloMay 16, 2026
10 hours ago
Debbie Gibson, Geezer Butler of Black Sabbath want you to adopt a beagle rescued from an experimental lab in Wisconsin
North America
Debbie Gibson, Geezer Butler of Black Sabbath want you to adopt a beagle rescued from an experimental lab in Wisconsin
By Scott Bauer and The Associated PressMay 13, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.