Prospect on Repo Desk

Hi everyone, first want to say a huge thank you to everyone contributing here. I'll be interning at one of the BBs repo desks for the corporate bond side this summer. Would starting out on a repo desk be a good way to start a career?

6 Comments
 

It's not a bad place to start, but would defintiely be at the bottom of my list. You need to be careful to avoid getting pidgeonholed as a funding guy. There's a reason most repo desks are staffed with ex middle office and ops guys. The best repo trade is the one that understands settlements and the ops side in depth, which is fine, but you're not going to be developing macro risk taking experience. That being said a good repo desk can print money and if you have balance sheet and a risk taking culture, you can get a seat at a bond rv fund with your cash vs fut and fut delivery experience.

 

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