Hey everyone,
I've got an interview for a structured products analyst position at state street coming up soon. However, I think it'll definitely be interesting--but not sure if it's what I wanna do in the long run. They told me that most people in the group don't really leave. For reference, I come from a semi/non-target (top 5 liberal arts school) with a 3.3/4.0 with previous internships in wealth management/buy-side trading. I obviously don't have the best pedigree, but ideally I'd like to break into trading and was wondering whether this would be a good stepping stone to try and be a trader at some point down the line. Does this seem plausible at all?
The description is as follows:
"Structured Products is a division of State Street Corporation. The overall objective of Structured Products is to create structured investment products for State Street’s institutional investor clients. The group provides capital and liquidity to clients through credit enhancement, leverage, and liquidity support facilities in the tax-exempt markets as well as stable value wraps for 401(k) funds. Structured Products has a staff of 35 employees in Boston.
State Street is seeking a candidate for an Officer position in its Structured Products Group (“Structured Products”). This position provides the candidate with a great opportunity to learn about fixed income markets and structured finance. As an employee of State Street, you’ll benefit from both classroom and on-the-job training and enjoy a competitive salary and benefits program.
The Analyst’s responsibilities include, but are not limited to: analytical and operational support of products offered by Structured Products; administration of fixed income assets and liabilities; internal and external reporting; monitoring the performance of fixed income asset portfolios and communicating asset performance information to senior staff; working with senior staff to support the analysis of existing and new assets; and working on ad-hoc requests and special projects as needed."
So your in a product group! It's actually a really interesting place to work, but it won't get you really much closer to trading. It is still a good opportunity though, and you could still move to trading after.
What sort of buy-side trading did you do as your internship?
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