IB Operations
Hi all,
I'm studying physics and currently interning at a BB in operations for the summer. I know a lot of physicists go into quant but I'm not a strong coder and with no experience ops was the only chance I had to get into finance.
I know exit opportunities in ops are limited so assuming I get a graduate offer post-internship and I'm stuck in ops for the long haul, how easy/hard is it to move up the ladder within ops? What's the best way to get recognised and is it reasonable to assume that with hard work it's fairly straight forward to progress to VP to ED to MD? How's the pay? (in the UK if possible but also in general)
Thanks :)
You're in BB Ops so you have a solid name on your resume. Tweak your resume for the positions you apply in the future and start networking. Moving up the ladder is not impossible if you put in the work. Take some coding classes in the evening after your internship; if you have down time during work, try to network with tech and get some advice from them. All the best.
What should I do with this IB Operation internship? (Originally Posted: 02/27/2007)
Hello everyone. Right now I may be able to get a 6 months internship at IB Operation Division in a tier-1 ibanking firm. I need your advice on whether I should endeavor to get this offer.
I will graduate in 2008 with a master's degree in Finance. If I rejected this IB Operation internship, it will be nearly impossible for me to get an internship in a tier-1 ibanking firm of the world, cause the competition in mainland China is really fierce. I have failed in the application process for a summer internship of IBD in several tier-1 ibanking firms. But it is relatively easy for me to get a summer internship opportunity in a domestic securities company, in IBD, or any of the front office.
I have read a lot in this forum about your discussion on IB Operation and front office. I know it will not be that good for me to work in IBO. But how should I choose between an internship in IBO in a world famous ibanking firm and an internship in front office in a domestic securities company? The firm's name and the specific function, which is more important?
Which internship is better if I want to apply for a full-time position in front office of tier-1 ibanking firm as my career start point?
Thank you for your advice.
Everyone says not to get associated with operations, it's not worth it.
What do Operations do?
The fact of the matter is front office is front office, no matter whether it's at a boutique or a BB. While it is possible to move from Operations to Front Office in a BB, it would be easier to use a front office internship at a boutique to get a FT offer at a BB.
I would leverage the front office position at the domestic securities company. IB Operations, for unknown reasons, tend to have an associated stigma. I would not get caught into that web.
Any exit opps with a ops analysts role within ibank divsion (Originally Posted: 11/17/2011)
Just wanted to give a brief background about myself so everyone can understand my situation before asking my question.
I'm a fall '10 graduate from a non-target school. Only relevant experience I have is an institutional consultant analyst intern with UBS during my last semester, and currently just finished a ibanking off-season internship with this boutique bank.
Given my background, I have a offer from a recruiting agency to work for a bb as a operations analyst, but within the investment banking division. I'm still trying to network and get myself out there to break into ibanking. But doesn't feel good to have my savings depleting very fast and not too sure how long I could go on.
I'm willing to do what it takes to get into banking, even if that means working as a ops analyst for a year , but only if there is a chance to move over from the operations side to ibanking. Also take into consideration I am actually going to be hired from the recruiting agency to work for the bb and handle payroll and everything with the agency, not the bb itself. Don't really know how, if it does, affect my position in anyway and would be glad to hear some thoughts on this too.
Let me know what you guys think. Thanks.
IBD is a dying profession. i can say your chances are nilch. even if you were a harvard 4.0 in operations, your chances are nilch. go do something else man.
"Given my background, I have a offer from a recruiting agency to work for a bb as a operations analyst, but within the investment banking division."
There is no BUT in ops, it's just ops.
I wouldn't do it, but if you're going broke fast...you need that paycheck.
Look for better, take it if you have nothing else, and then network your balls off to get to front office. UBS is actually pretty good about letting people move around.
Look where that got them :) (If that was a sarcastic post, I totally missed it).
This said it all. I had a meeting with the head of s&t at a bb(gs/ms/citi) yesterday and he spoke on this very topic. The key is to network and to have the knowledge. Once your in, you can always get an interview but you have to make sure your on top of your ish. you should know everything that it takes to be an amazing analyst and blow away any interview you do get because if you mess up then your done there forever.
Lol I had a friend in Citi's MA who rotated in ops and he said it was the worst fucking job ever.
Really appreciates everyone advice. The ops role is actually with Barclays. Feel free to lmk what you guys think now, and how the mobility is there.
Also, how about a long term goal, staying there for 2 years to have experience and a good name on my resume to go for a MBA and trying from there again to get into ibanking. In the future, would a bank frown upon my experience pre-mba, or does my mba help clear me from it. Let me know what you guys think.
novicemonkey- kinda dealing with the same thing here. i'm just worried that it might be very difficult to get into a top MBA from a rotating ops role, even coming from a top target (i have middling grades though.)
Did an ops rotation program. Successfully managed to get out, although I'd say is rare and becoming much much harder.
As always, better to have a job in ops than no job at all. In this hiring environment, anything is good and I feel that if you ever try breaking into fo, they would understand your situation
IBD Operations Question... (Originally Posted: 11/28/2007)
Pardon my ignorance on this since I'm sure it's very simple, but I've been reading a lot about the 3 main corporate valuation techniques and needed to ask.
In typical IBD operations, who makes the decisions about which valuation method is employed for when you're presenting to a company? Do the analysts/associates run through the DCF, comps, etc. and then bring them to an MD or a VP, who decides which will be used to ascertain the value of the firm? Is a combination or average of all 3 used?
Hope this makes sense. Also, if anyone has recommendations of places to read about this kind of stuff, please let me know. I've read Monkey Business and Accidental Investment Banker, which helped marginally.
Pariatur soluta nisi doloremque ea. Sed corporis quo repellendus occaecati et fugiat aliquid. Est qui incidunt molestiae. Explicabo id et veniam accusantium maxime sunt omnis laboriosam. Aut est sit iure earum perspiciatis cum et.
Maiores vel aut dolorem itaque. Sequi necessitatibus qui iste laboriosam. Aut ea quo animi voluptatem facilis numquam. Rerum et omnis sed rerum ab incidunt ducimus.
Esse labore magni tenetur esse dolor. Enim distinctio eum et occaecati facere nihil qui.
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...
Eum tempore fugit sit nobis sunt dolorem voluptatibus. Optio quis accusamus numquam quod corporis. Excepturi quam minima suscipit eum et nulla.
Veritatis pariatur alias ad sit id repellat. Quod molestias tenetur explicabo omnis. Fuga voluptates unde qui est.
Laudantium facilis id laudantium voluptatem non. Blanditiis maiores debitis pariatur maxime praesentium et libero. Voluptatem dolores quaerat tenetur quia sit. Temporibus corrupti quo fuga sapiente.
Explicabo velit excepturi asperiores fugit et et quo. Vitae pariatur rerum voluptas minus quas qui ullam. Aut ea et animi aut sed necessitatibus. Perspiciatis et repudiandae quis officia. Eligendi eveniet error nisi quia quibusdam occaecati quam.