Trade Support Analyst Role
Hi All,
Fortunate to have recently received an offer as a Trade Support Analyst at a BB following graduation this May. The main goal (just like everyone else) is to eventually get into either front office IB or Sales & Trading. Being a student-athlete from a non-target division 1 school with no relevant internship experience and a mediocre 3.68 GPA has been tough.
I wanted to ask the opinions of others on where this potentially puts me in the future. I am debating right now utilizing my extra year of eligibility granted by the NCAA to return for a fifth-year, earn a MSF, and try my hand at either IB or S&T recruiting following graduation next spring or accept the offer, get work experience at a BB under my belt and attempt the transition from MO into a FO analyst role in IB or S&T in the next year or two? Does starting off your career in MO put you in a tougher spot for FO recruiting in any way (Non-transferable skills, etc...)? Any advice or input would be greatly appreciated.
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Thank you for your response. Motivating advice that offers another angle of looking at the situation if I accept the offer. That is why I decided to post and I really appreciate your response. The position is supporting U.S. Gov't Bonds and Rates Desk. I will definitely take this advice and apply it. I really do appreciate it like I said.
Ok this desk has a lot of meaty things. With cash bonds, there's another angle you can position yourself on top of what I've described. Do well, learn the funding market, work hard, ask questions, speak to repo traders. Do as much reading as possible. Subject can get very technical in terms of the different way US and Europe fund themselves and on top of all that there's new funding programmes being developed right now. A lot of the repo traders came from middle office because back in the day people found it tideious. But now if you understand funding and repo you are the king. Do this, go join a hf as repo trader, help your PM to crush it and you will be given a shot at running risk.
Would you recommend any specific literature to read up on concerning either cash bonds and the funding markets or just in general?
Hi - late reply been very busy last few days/week.
Read Salomon brothers- Understanding the Yield Curve, there's many parts to it and to this day sometimes I flip through these notes and have a different understanding to when I thought I understood. It covers a lot of topics and to a reasonable depth. But this this like bookmark holder, once you done with one section, google more, read up more, any part you don't understand keep digging deeper and deeper. But this first bring some type of structure to the learning.
Sorry for commenting on this so late, but we’ve got very similar backgrounds from the sounds of it. I played Division 1 and just recently retired after a few years playing professionally. Covid has made it pretty competitive but I recently have had some traction on a trade support role and would love your advice. My view on it is a foot in the door as I progress through the CFA, and it’s tough to be picky given the state of things now. Did you take the role and if so how has it been? Thanks.
Leaving a comment here saying I started in a worse middle office role on the buyside and have successfully navigated into a decent career managing bond portfolios. It's very doable, and starting on the sellside makes it easier imo as there's significantly more spots.
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