How good an experience is managing Treasuries and MM for a newbie?
Hi all. I've been trying to weight in on a few positions I have been offered. I just recently graduated from from college and finishing up my internship at a sovereign wealth fund that have most of its money managed by outside managers. I've been building models and spreadsheets and sometimes helping streamlining some back office stuff, which is not terrifically exciting but overall a great summer experience.
Recently they offered me a more permanent position. I originally wasn't too excited about it since I was looking to move elsewhere to a nicer town and find some more challenging things to do. But my boss sweetened the deal and offered me to manage the cash account for the organization (t-bills, money market and other really liquid stuff), which is a pretty sizeable portfolio despite not risky at all. Plus on top of being confined to my team, I can move around in all asset classes and get more exposure to all the business we do. I have checked out five or six divisions and there are a ton of projects to do in a lot of areas.
I'm also looking at similar positions in similar organizations in cities I want to live in, which for now just appears as basic analyst position where I'll be cranking out spreadsheets and reports. And having to reestablish myself in the new firm, I doubt anyone is gonna offer me some money to manage any time soon. I value my living condition quite a bit at this stage in my life. I'm not sure if what my current firm has offered is something worth sacrificing a year or so of my early 20s.
Any input would be appreciated!
Managing the liquid short-end stuff is a great start, but, ultimately, it's up to you whether you value your quality of life higher than this opportunity (which sounds pretty damn excellent to me).
Can you give me some perspective on this opportunity? I'm not familiar with the career progression in AM since I took the job on a whim. But the field seems pretty interesting and I would be willing to spend a few years developing my career.
I'm curious how I can leverage this skill in the future, with regard to going to business school? getting a masters in a quantitative field? Maybe it would help me land a PM position? Also my boss made it seem like I'd be just buying things from a list with strict guidelines. Would this be very challenging?
Well, it's not like I am super familiar with the career progression in AM. However, the field is interesting, for sure.
As to leveraging the skill, I am not sure you need anything for b-school. Yes, eventually it can lead to a PM position, for sure.
As to the constraints of the "mandate", don't worry about it. The point of the experience at this stage is for you to learn and understand the way stuff works. And, like I said in another thread, there's no better place to do that than money mkts/treasury, which is where the rubber meets the road.
Man this is tough. I'm ready to move to a bigger place but guess looks like this is a hard to miss opportunity
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