You might be in OPERATIONS...
Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 2/24/16. To see all of our top content from the past, click here.
1. If you like watching paint dry...........YOU MIGHT BE IN OPERATIONS
2. If you are a virgin living alone in a Hoboken studio......YOU MIGHT BE IN OPERATIONS
3. If you didn't take a vacation not because you didn't have time but because you couldn't afford it.......YOU MIGHT BE IN OPERATIONS
4. If the only time you got off at 3am from work is because you fell asleep at your desk after a large dinner........YOU MIGHT BE IN OPERATIONS
5. If someone tells you to call for help/support on an issue and you call over your boss.......YOU MIGHT BE IN OPERATIONS
6. If the majority of your division's employees are in New Jersey, Baltimore, Salt Lake City, or India,.......YOU MIGHT BE IN OPERATIONS
7. If you wear flat toed shoes.....YOU MIGHT BE IN OPERATIONS
8. If your monthly rent payment is more than your annual bonus....YOU MIGHT BE IN OPERATIONS
9. If you always throw your BB name around in conversations at a bar/club while leaving out your job title"...........YOU MIGHT BE IN OPERATIONS
10. If you dodge the question "so what do you do at Morgan Stanley...?" by replying generically "oh I am an analyst"............YOU MIGHT BE IN OPERATIONS
11. If you have 1 suit in your closet that doesn't even fit and you are short/wimpy looking.....YOU MIGHT BE IN OPERATIONS
12. If you are from a state school nontarget.......YOU MIGHT BE IN OPERATIONS
13. If you are pissed off at this thread instead of finding it funny..........YOU MIGHT BE IN OPERATIONS
14. If you think A.J. is cool..........YOU MIGHT BE IN OPERATIONS
15. If someone mentions the TED spread and you ask "who's Ted?"........YOU MIGHT BE IN OPERATIONS
16. If you were bullied and/or [removed] as a kid.....YOU MIGHT BE IN OPERATIONS
17. If you finally got promoted to VP after 10 years of working and can finally afford a $2500 studio in NYC............YOU MIGHT BE IN OPERATIONS
18. If you go to Atlantic City and only play the 10 cent slots while watching bankers play table games from the side............YOU MIGHT BE IN OPERATIONS
19. If you try to wear your one suit to every club but still stand in line and watch bankers buy bottles to skip the line............YOU MIGHT BE IN OPERATIONS
20. If you use white-out to erase "Operations" on your business card and then hand it out to people..............YOU MIGHT BE IN OPERATIONS
What happened boutique bank? You sound pissed this morning. Deal flow not coming through? Hard to pick up new clients entertaining them at Taco Bell? Unhappy about getting a $25 gift card to Denny's for bonus this year?
If you work for a boutique bank nobody has heard of and are angry ops people with more class and better pay are pricing you out of the Manhattan real estate market ...you might be a troll.
I SB'ed you for that one, IP, so I hope you'll forgive me for this one:
If you rode the short bus to school...wearing a helmet...YOU MIGHT BE IN OPERATIONS.
IP, I think its just the opposite of your deal flow question. I think he's in a bad mood due to heavy flow...
To all you monkeys, you're really handicapping people that don't know better if you shit on operations. Hate to break it to you but not everyone can go to KKR.
Haha, Touche Eddie. I spent 2 years in Analytics before landing a gig as a desk developer, and I'm convinced FO vs. MO and probably BO is more about luck than anything else. I'm also convinced that boutiquebank just got his bonus and is pissed that he could have made more working in BB Ops.
HAHAHA. You're probably right about his bonus.
And, for the record, our ops crew was really sharp when I was in equities. Sharp enough to work in BO, frankly, instead of dealing with all the client bullshit.
Boutique, you'll learn some respect for ops if you ever make it to the buyside. Our COO is probably the least dispensible person at the firm after the founder.
That said, our junior ops guy is a bit of a tool, so...if you ask to interview for every analyst position that opens up at your firm and get turned down every time, you might be an idiot who works in operations.
yawnn. insert joke about bankers having no life or money but nothing/no one to spend it on. i don't plan on going into operations and this isn't funny
Good luck getting shit done on the buyside if you think you are way better than operations....I just gut into a little tussle with a secretary (not BO obviously) and now she is screwing me every which way (while she maintains a smile)....FML
Given your posts, methinks you don't fall into the category of incompetent jerk and maybe the secretary is just a little prickly, but I have a feeling the OP does.
I spent two years in Analytics/Pricing supporting trading. Being nice to support staff is a sign of wisdom and humility, and it's good to get back into secretaries' good graces. It just might take a few months.
I don't understand this....I think I.T is considered operations in some banks correct? so basically your saying the guy that know's how to use Excel is smarter than the guy that knows how to make Excel.
on a more serious note, whats the general rationale behind going into OPS(non it). If you want less stress/easier hours then why not opt for some mgmt role or otherwise at f500?
rather ignorant post here. I would imagine OP lost major credibility with most users, sad because I actually found some of his previous stuff to be helpful. Also why did OP post same thing twice?
OP, who the puck took the jam out of your doughnut?
OP, I dont really like you, but this post was funny as shit LOL Everyone on here is a little to uptight today.
Enjoy the sarcasm and belittlement.
Why so bitter and insecure?
Has an Ops guy been banging you girlfriend? She looked like shit anyway.
I think you guys should take it easy on the operations guys. They might not make investment banking, private equity, or hedge fund money, but they are still doing a lot better than most people. I don't remember the exact figure, but I'm pretty sure the average American full time worker makes something like $40,000 per year. Most guys in operations will at least make $100,000 per year after 10 years of service, and I'm pretty sure their VP's make something like $130,000 per year. I know that's not the kind of money that most people on this forum are looking forward to, but it's a hell of a lot better than most Americans, and unlike investment bankers, the operations guys have enough time to spend their money.
Operations aren't something I hope for, but if I ended up there, it wouldn't be the end of the world. Most people become wealthy based off how well they invest their money, not how much money they make at their job.
Honestly, working 50 hours a week, living in SLC, and making decent (but not crazy) money actually doesn't sound too bad...
BTW, anyone know of any hedge funds out in Utah?
$70K/year in SLC= $170K/year pretax in NYC....
Illi, that is a hyperbolic comparison.
I would assume 130k=170 NYC.
As an IB analyst in NYC, your food and transportation is mostly paid for through benefits (30$ per day & car service). You can sell your car and subtract car insurance payments. The main cost increase drivers are rent (1600 vs 800), higher cost to partying (marginal difference for me), higher cost of food and most products in general (but only an increase of 15%), and increased taxes. I am from florida and would say 80-85k = 100k NYC.
Additionally, there should unarguably be a premium for the enhanced networking, career mobility, and exit opportunities. For the long term, I would dread living in NYC, but the city serves as a great short term location to jump start your career. Pretty easy commute from the shore house on seaside.
Sorry to veer off top. The kid that wrote that article sounds like every other freshman on WSO that wacks off to GS.
You might be in OPERATIONS....if your name is illinoisprogrammer
Weird no one on this site has that name...seems like reading isn't a prerequisite skill for your 'job'
Did they send you home again Boutique? NYU SCPS does offer financial aid- have you considered getting a Math MS? Might qualify you for BB work and get you out of Queens. This might be a good day to sign up.
I like how the botique guy is just trying to make himself seem like more and more of an ass... Personally i would love an operations job at a IB sure the money isnt as good as the IBD and the exit ops arent as prestigous but you have to realize that even companies like KKR or Jane Street still need operations people to make their company run. So I would be careful who you piss off because that operations person you look down on today might be sitting in on your interview later down the line and will prob shaft you.
If your girlfriend looks like your sister...because she is
I'm no fan of boutiquebank4life, but i've NEVER heard of any engineer starting salary of 150k+. Also, don't forget bankers get bonuses that are not uncommon to be 100% of their salary.
To txjustin, if you are a petroleum engineering major or may chemical, you definitely can make more than bankers. It is pretty rare though, I'll give you that
I have a good friend that's a petroleum engineer and he makes BIG money. I have a lot of friends that are in petroleum and chemical engineering, all facets of geology, and many more technical oil/gas based careers. After all, I'm in Houston. In summation, I concur.
I think im gonna change the focus of the thread to
You might be a douche if..... Here we go
You might be a douche if... your WSO name is boutiquebank4life
I worked in ops and it was not bad. I learned a lot and made the move to a trading job.
First of all the individuals in operations I have had the pleasure of working with are in no way less intelligent than those in FO they simply made the decision thats best for them. When you inevitably make a mistake in the FO the Ops guys are willing to help correct it without the need to be condescending or demeaning.
2 things to note about this thread.
u jelly i'm at a megafund stylin' on u?
I was not aware that megafund was used to describe investment banks.
Probably not. You *jealous of my cousin? He works at McDonald's as a manager and earns more per hour than you do in banking. If you really want- and you get over your elitist attitude and are willing to do a job any college graduate can do, he can help you get a job, too.
If you can't figure out that you're supposed to start with "You might be in operations if.." .... YOU MIGHT BE IN OPERATIONS.
Funny and incredibly ignorant post. How is this on the "new" when it's 5 years old?
ha, some expected harsh remarks for a decidedly harsh commentary. I think after a certain point, folks really aren't concerned with their place in the office, nor should they. Ops isn't the most exciting position in the world, but from what folks have cited (I think opsdude among others), the pay is above average relative to a regular undergraduate job, and the brand name still carries heavily outside pure banking/pe. While there's always room to reset with a top 10-15 MBA if you are generally competent, many prefer to move up within the firm and do well for themselves. (I think there was an AMA by an OPS MD from a few weeks prior that was actually a very tremendous read.) Is it likely that you will make 1 MM per annum working in BO operations or something to that end? I don't believe so. However, I've heard of multiple reports in the 400-700k range to think that this isn't a possibility for ambitious folks working in OPS who maintain a banking mentality for 15 years.
at the end of the day, position comes with humility, and one's self worth should not and ought not be tied into what they do for a living. While the sardonic nature of the post is likely to be taken in stride by most, there may be some that would be deterred from taking the position if its all they have, or get further dejected if they are where they are. Truth be told, there were some occasions in the last year or so where I envisioned what it would have felt like to leave at 6....but then you simply have to power through. :D
???
srsly.
my bad, didnt see that one, edited it out
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