Internship: FX Corporate Sales vs. Liquidity Management?
I'm currently an intern on a Cash Equities S&T desk at a BB. My plan was to intern on the FI desk as soon as my current internship ends, but they're closing their internship program. The FICC team at my bank has 3 remaining internships available:
FX Corporate Sales
Pro: most FO role out of the three
Con: sales, not trading. On the other hand, no intern is allowed to trade anyways; they mostly help sales, not trading (across all desks and banks in my country)
LMT (Liquidity Management)
Pro: Sit right next to FI traders
Con: MO role (Business Unit Manager told me it's a FO role)
How FO/MO is this role? Help me decide, this is the role's description from the head of LMT:
"Responsible for Risk Treasury product that combines various interest rate accrual revenues, including loans/deposits, money market, bonds, repo and mtm prop positions in bonds, fx swaps and irs. Active bond portfolio management. Liquidity management. Asset-Liability Management, ALCO member.
* Managing funding & gapping and strategic bond portfolio allocations. Risk taking in interest rates including bonds, IRSs and FX swaps.
* Liquidity Management and Money Market Trading
* Asset-Liability management
* Internal interest rates transfer pricing"
Business Unit Management
Not an option
My goal is to become a FICC trader. Which internship would suit my career goal best? Thanks!
JacobMoore8, way too quiet in here. What about these resources:
If those topics were completely useless, don't blame me, blame my programmers...
Quae itaque molestiae perspiciatis. Repudiandae tempora iste ipsum in. Nihil sed et voluptas dolorem nemo doloribus dignissimos nihil. Voluptates a magni maxime iure nostrum nisi. Nesciunt ullam et sit harum. Animi accusamus odio numquam ipsa quia non vel.
Reprehenderit culpa libero veritatis sed explicabo sit corrupti. Dolorum delectus temporibus unde id adipisci.
Magnam suscipit veniam provident natus animi ratione molestias. Dolorem qui beatae et et ab quis.
Saepe aspernatur magnam reiciendis. Dolores a voluptatem facilis. Amet ab et velit corporis totam. Id reprehenderit eos ut et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...