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Back Office to Bloomberg ER, or Keep Looking?
I am a back office analyst at a top tier BB and have been applying to anything I can to get out of BO. I recently received an offer for Bloomberg’s ER data analyst program, but I’m very apprehensive if this is the right move. My goal is to get as far away from BO as possible, and ideally to be...
How possible is it to move from back to front office as an intern
Going into CIB operations this summer, graduating early in the Fall, and wondering if this will help or kill my chances of getting into the front or even middle office. Heard ops is a dead end and you just stay in ops your whole career.
SO DONE WITH M&A
The title says it all, I'm so done with M&A. I was laid off as a second year analyst at an almost bulge bracket, due to a complete stoppage in deal flow. Since my technical skills aren't where they need to be and I don't see that changing any time soon, I'm looking to pivot to another role that is...
Back Office Services
Rely Services is a trusted back Office company offering solutions to make your business awesome. Our back office outsourcing solutions include Data Entry, Catalog Management, Invoice Processing, Data Management, OCR Services, Document Indexing, Bulk Document Scanning, Document Digitization. Our...
Advice for Internal Networking and Moving to a FO Role
Hi all. I'm looking for advice on how to network internally with FO traders and transition out of my current MO job. Context- I work at a BB in Ops where I do trade booking and client support. I've been here for 3 months out of college and have been enjoying the work so far. Its been interesting...
Why do people shit on Back Office roles?
Is it really that bad? I feel like back office is a role that is highly underrated. Very low stress, no all-nighters, no sleep deprivation. It's an easy 9 to 5 and cruise all you want type of role that will pay you 6 figures eventually. Lastly, no one outside of finance gives a fuck and most people...
BB BO-MO Career/Salary Progression
I will be a JPM CADP SA in London, a BO-MO role. I was wondering if someone could give me an overview of career and salary progression over time (Analyst-Associate-VP, etc), as most forums are FO-focused only. Many thanks in advance.
Q&A: From BO/MO to FO in Buy Side Credit Strategies
I'd like to give back to the community, which has been extremely helpful along the way. I have recently landed a credit investment offer at a large institutional AM. Thinking some fellows on this forum may have similar backgrounds and are trying to get into FO roles too, I am happy to share a bit of...
Bonus structure for back office ops
I'm considering accepting a higher level back office operations role at a small hedge fund (~2B AUM) and am curious how firms generally structure their bonuses for roles that don't directly impact fund performance. Is the bonus tied to your performance through some kind of rubric or tied to fund...
Accountant To IB
Hi, I am looking to make the jump from fund accountant at a large reputable HF / PE shop to IB analyst. A little background about myself: I have a CPA I am taking Level 3 CFA in September 2021 I have a Bachelors degree in Accounting from non-ivy league school Udergrad GPA is 3.5 I know this jump is...
Accountant to PE Analyst
Hi, I am looking to make the jump from fund accountant at a large reputable HF/PE shop to PE analyst at a pure PE shop. A little background about myself: - I have a CPA - I am taking Level 3 CFA in September 2021 - I have a Bachelors degree in Accounting from non-ivy league school - Udergrad GPA is...
How will python be used in the back office(operation)?
I accepted an operation internship offer. The guy who interviewed me told me there would be some python work. I learned some python, not very skillful, and I don’t want to disappoint them. So may anyone know exactly what they want me to do like data cleansing? Many thanks!
Jefferies Investment Banking Management Team
I have an upcoming interview at Jefferies with the Investment Banking Management Team for the analyst role and just looking to see if anyone has some insight into the team. I spoke with the recruiter and got a decent overview, but looking for a little more info. I know it isn't a front office team...
Document storage for start-up
We are a small firm raising a first time fund and are just beginning to build out the back office. Taking cost into account, should we just use Dropbox for document storage/sharing or are there better offerings available?
How do people break into Ops?
Not a troll. I know I'm just not cut out for high finance. I don't mind working less even if it means getting paid less, but I often hear how bad back office is. There has to be at least one person happy being at the back office. So, does anyone here work in Ops and would be happy to discuss getting...
Big 4 Consulting vs BB ops
Hey guys I would love some input on which job to take. Here's a bit of background on myself. I'm in between 2 job offers right now. One is a Big 4 tech consulting gig and the other being BB ops. I go to a target school in the south and I'm graduating with an MS and BBA in accounting, my GPA is in...
CFA Level 3 or Learn Programming (Python/R)?
Background: 2 years front office experience in derivs sales/market analytics and 2 years in commodities research on a trading desk. Currently in the back office after commodities firm blew up and looking to move back to the front office at current BB . I've been really debating signing up for CFA...
Keep Dream-Chasing or Network Out of BO? Goal is ER.
I'm a recent finance graduate from a "non-target" with a 4.0 GPA. I've had a WM internship at a BB in NYC and also worked part time at my school's endowment fund doing ER for the portfolio. I was the only person at the WM internship to get a return offer, which I turned down because I knew I wanted...
What are considered back office roles in MBB?
Apparently back office in consulting gets a ton of shit here on WSO . I know HR for sure counts as back office. But what else?
PE Firm Software K-1 for Limited Partners
Does anyone have any experience with Enterprise wide PE Taxation software, specifically software or systems that generate K-1's for limited partners. My experience and observations tell me its always heavily custom Excel workbooks/models with lots of manual intervention and ad hoc rules by...
Here's how they made it to front office up in Canada
Given the fact that I come from extreme non-target up in Canada I decided to start networking and getting to know the finance community proactively. I met plenty of people in all types of roles and industries imaginable. By using LinkedIn and personal conversations to find out more about their early...
Switch out of Fund Servicing to the buy side
Hi Everyone, I have been a part of the client service team at State Street for the past 2.5 years. We do fund servicing and administration (Trade processing, fund invoicing, audit support , daily deliverables ... etc) which I consider to be back office. If you have had a job like that you know how...
Breaking into IB or PE from investment operations at top asset manager
Some background info, I got my degree from a state school, 3.2 gpa. Split my time running my family's food truck business. Taking level 1 of CFA in December. A month after graduating and being unable to afford to be unemployed any longer I took an offer to join a top asset manager's cash management...
BB 2019 Full Time Recruitment
I am an intern at a BB in asset management middle office (no hate please) and looking to make the lateral move to IBD for full time. Does anyone have any tips on how to maneuver this conversation and/or make the transition? I am an econ major in a target school (but not in the business school) with...
Breaking Into Wall Street Less than A Year Out of College! Please Help!
I graduated from Northeastern University this May (2018). I was a finance major with a 3.36 GPA. I have one internship that was a BO position at BBH and am currently working as a trading assistant (middle office). I'am looking to break into wall street (preferably an analyst role at an BB) even...
Finance Division/Treasury experience on resume
Hi, I am currently working as a summer analyst intern at Finance / Treasury at a BB . I would like to apply for the next year's summer IBD internship positions and I wonder whether there will be a disadvantage for me to include the current internship on my CV. Before joining the current team, I...
The best of the back (or middle) office?
obviously most people here are IBD or bust, but for those of us happy making a decent living and prioritize work and family time, what are some of the better roles in the BO and MO? the only real BO /MO role i am familiar with is Trade Support so i am interested in knowing what else is out there. i...
Post-MBA BO Careers
Might be a dumb question but are there post-MBA BO investment banking career paths? Do banks even come to campus to recruit for BO "associates" or would one simply apply through linkedin or a company website?
Work experience vs. GMAT score for top business schools
I am one year out of school and working BO in asset management. The job basically consists of low level accounting work for about 45 hours a week doing the same tasks every day with little opportunity to get on other projects. You can always do your best to BS in interviews, but it would be pretty...
How competitive are back office summer analyst positions?
I'm a sophomore who will be applying for Summer 2019 Legal/Compliance Summer Analyst positions in the upcoming months. I want to get a better sense of how competitive back office positions generally are at places like Morgan Stanley, Goldman Sachs, and Barclays. And what about at boutiques? Looking...
Morgan Stanley, Budapest?
Hello everyone, Since you are all talents here I want to ask you a question regarding to the offer I just got. I will really appreciate if you could shed light on me for this issue. I have studied in France and UK for two years and I got an offer from Morgan Stanley Budapest for US market risk...
Internal move from back office to front office after doing the CFA?
I have spoken to various hedge fund and Asset Management employees and they have all recommended that I take a back office job and then work towards a front office fund management role after doing the CFA . Is this route common? Is it true that front office positions in hedge funds are all first...
Back Office to Real Estate Front Office at a major PE shop (Carlyle, BX, KKR, etc.)
I know there's been a lot said about this, what I wanted to get a feel for some more recent accounts people had. I'm wondering whether anyone has had any luck in transitioning from a back office role (accounting, operations, etc.) in larger PE shops into more front office roles, particularly in the...
How to transition from Fund accounting(B.O) to H.F. (F.O)
I am currently based out of India. will be joining SSC GlobeOP (Mumbai) FA team -plz suggest career path in order to shift to H.F (F.O). P.S - I have made a plan which involves 1. Networking with PB (My profile at SSC involves interacting with them for confirmation) 2. Clear CFA L-1 June'18 and then...
Q&A: BB Operations MD
Haven't seen too many posts to shed light on this so ask away. Also see my latest post here: //www.wallstreetoasis.com/forums/how-to-get-the-md-to-push-your-resume Mod Note (Andy): This is an older Q&A originally posted on 2/20/16 but the OP let me know he's still able to answer some questions!...
Should I quit my back office paid summer internship to study for the CFA®/GMAT/something else
I am a rising senior at at non-target majoring in STEM who has recently started a back office internship in a small Asset Management firm . When I was interviewing for the internship, I was led to believe that if I finished a set of back office work, I could do more "interesting" front office work ,...
Senior choosing Offer
Hey All, I'm here to ask for some strategic advice. I am a senior at a target school. I interned in S&T at a top BB this past summer. Unfortunately, I was unable to recruit for FT in Investment Banking (i want to pursue IB and not S&T). I have received an offer from a struggling BB in the NYC...
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....
Finance to Back Office/Ops.... What's my story?
Hi WSO , My first internship was in sales, then in MM corporate finance advisory. In my last internship, I wasn't able to get another finance gig and ended up in a back office role at a bank doing strategic sourcing/expense management (basically supply chain management and helping the bank save...
Not to be condescending, but why do such a variety a people read/post on this board?
In the past weeks, I've read posts from persons with ops, ER , MO, legal, Corp dev, risk, etc., backgrounds. I'm not looking down on anyone with this post; I started in credit risk, would have been perfectly happy making a career of it if my firm didn't effectively fold, and do not view either a...
Career move or just impatient?
Hi guys, I'm in a situation in which I am not quite sure what to do. I currently work at a prop trading company in nyc working as an operations analyst (my main task is being the sole back office ops guy for our company's equity portfolio). I've been in the position for just over nine months but I...
Interview Help - Escaping Ops / Back Office
Hi everyone, I was hired right out of college working a commercial lending operations position in the back office at a fairly large bank (EUR185B AUM). As most operations roles go, this one became very repetitive and also has minimal room for growth. I have been working the same role for the past...
Career advice for investment banking, or similar
I've been working at a bulge bracket firm for around 5 years in the back office in a temporary job, in a sort of marketing related role. I graduated with a BA (2.1) in Philosophy in 2012, from a little known university in London. I wanted to get a front office analyst job, so I did a Postgraduate...
Escaping middle office
Do you know anyone who has done it? If so, what was their next step? What's the best way to get outta here? I'm 29 and I feel pigeonholed!
Help me transition from middle office operations at a bulge bracket into a RE role
hi all, long time member but very occasional poster. so i am definitely in the minority here in that i didn't go to an excellent school, don't have incredible internship/work experience and i am just generally not up to snuff as it relates to most of you. right now i work in middle office operations...
Ocean Freight Logistics > > Physical Commodities Supply
Hello monkeys, A long time lurker and first time poster here. I was hoping to get some opinions and advice from the community between two entry level opportunities my way: - BB Ops (no client interaction, typical ops stuff) -An international freight forwarder/NVOCC - Ocean Export Logistics...
Q&A: Former Business Valuations Associate (BO-> Val-> Corp Dev)
Maybe its just me (since I have selective reading, could very well be true) but when accounting firms and different groups within accounting firms are brought up "Business Valuations" is always asked about. So I thought would do an AMA on the mysterious world of Business Valuations. Here's a quick...
Career decision
Hi guys, Long time lurker, first time poster. I have a dilemma at the moment and I am sure that some people have great insights into the finance and banking industry. I have been offered a corporate actions position in an BBIB in Asia and a settlements position in derivatives at a domestic fund...
Is MS risk reporting back office?
I got an interview for a Morgan Stanley Risk Reporting Analyst and here are the responsibilities. To be successful, candidates will need to have a relevant educational background (economics, mathematics, statistics and programming languages), a strong desire to learn, and the ability to work on a...
Goldman Sachs Technology Exit Opportunities
I'm a junior with a summer internship as a technology Analyst at Goldman this summer (Computer Programming some Applications for PWM). I've always wanted to do a more business-oriented career, I studied Information Systems because I enjoyed the course material, industry (tech), and hard programming...
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