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Help - Middle Office Collateral, Job evolution?
Hello guys, I would like to ask you an advice please. I have an opportunity to join the French investment bank Credit Agricole (I live in Paris), however I don’t know if it’s a good opportunity to go in front and become trader. I have good understanding of how financial markets work as I follow...
Most prestigious BO team?
I'm just a good old non-target senior set to graduate in May, will be applying to Back Office roles since that is all my non-target school is good for. The Big4 data audit experience under my belt is only as good as janitorial work since I've missed half of the internship due to personal vacation....
Advice for MO interviews?
I am preparing for 2 BB MO interviews as an Equities Volatilies Product Control/Valuation Analyst. Any advice for interviews? How do MO interviews compare with FO interviews i.e less or more technical questions? Any interview questions that are certain to come up that differ from normal FO roles?
Opinions on Commodities Trading Opertaions/Middle Office Role?
Recently managed to secure a role as an Analyst in MO for trading at a global commodities trading house, just looking for opinions on the job, past experiences, references, what can I expect, exit opportunities, tips, prospects on making it into the trading desk, etc. I have experience in financials...
Not able to break into IB/valuation post-grad
Hi all—I'm a recent finance grad with hopes to land in PE someday. I know the road to PE almost always involves doing time in valuation and/or IB, (or corp dev) and I'm having issues getting onto that first step. A little background about myself: I have had two full-time internships in accounting...
Urgent advice needed. Go from corp to bank?
Hi, I have an mphil in economics, I speak 3 languages and I have average grades. Not knowing what Middle-or Back office meant, I accepted a position many years ago that requieres a bachelor. I work at the Middle Office at a large state owned corporation. I do a bit of risk reporting and I analyze...
Accepted a Middle Office Role for 6 Months, How Will This Affect Exit Opportunities?
I recently accepted a job as a trading assistant in the middle office. It wasn't my first choice but I needed a job ASAP to pay the bills. I'm looking to go into consulting afterwards and I've been doing a lot of networking. Out of dumb luck, I actually got a consulting interview the day of my...
Trading operations or IB or Risk Advisory
Hi, I came from a financial engineering background and somehow ended up in the middle/back office of an equities/options trading firm. This is the first full-time job I got after graduation but I feel like I really don't like to be at the operations team where it seems like that my work doesn't...
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...
Big4 TAS vs MO at IBABs(inbetween BBs and EBs)
What's better in terms of exit ops and salary: Big4 TAS or Middle office risk? Is the accounting qualification worth more than transferable skills you could get at a bank MO? I am not quite sure of the career path these eventually lead to in the long term. I was thinking about ER, Coporate finance,...
Advice on Middle Office Opportunities!
Although most people here are client-facing, I'd like to know your opinions on which MO groups will tend to have better exposure to financial tasks that will best light up my resume for exit opportunities toward client-facing roles? To be more specific, I may have 3 potential offers: 1) a Deals Team...
3 Middle-Office Positions - Which One To Pick?
Although most people here are client-facing, I was wondering which groups of MO will tend to have better exposure to financial tasks that will best light up my resume for exit opportunities toward client-facing roles? To be more specific, I may have 3 potential offers: 1) a Deals Team Specialist...
Q&A: Ex-Senior Credit Risk Analyst at Barclays Investment Bank and grad student at Cornell University
About - Currently a graduate student in Applied Economics and Management with concentration in behavioral finance at Cornell University - Prior to the Masters I worked for 2 years at Barclays Investment Bank in Glasgow, UK in the Risk department (specifically focused on portfolios with securities...
Sick Of Middle Office/Operations Want To Transition To Sales
Been working in hedge fund middle office for a hedge fund admin firm and It is everything people on WSO said it would be. Repetitive, mind numbing, cog in the wheel kind of work. I was a naive and thought I would be supporting traders and one day being able to move from the middle office to the...
Timing and Exit from Middle Office Ops
Straight and to the point: I graduated from a large state school in May 2018 and I've been working in operations for a large French bank since July. The gig is contract-to-hire. I accepted the offer because they made it sound like moving to front office was a real possibility. About a month ago I...
Performance Based Careers
Hey Guys Wanted some advice please. I am looking for alternative positions as hedge against current situation and wanted your input as to what you think I would have a chance at given my experience: 2 years - Middle Office Derivatives 2.5 years - Structured Finance modeling (CLO/CDO) 2.5 years -...
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...
How do I ask a PM for a job?
Hello everyone, I currently work in and I get to talk to PM on almost a daily basis (via emails mostly). How do I go about asking PM's for a potential job in the future? Or just genuine advice on how I can get to be in the position they are in without coming across as someone needy? How should I...
Moving To Buyside Trader Role After Hedge Fund Trader Support Role ?
Have an offer to work as an operations analyst at a hedge fund administration firm. "The position will expose the Junior Operations Analyst to all financial markets and products traded globally, including highly complex derivative instruments." During the interview the directors said I will be...
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...
Day in the Life--Middle Office (Risk)
Congrats, you've made it into finance...in the middle office. What is the middle office? Definitions vary, but think risk management, certain accounting roles, corporate treasury--broadly speaking, you interact with the business divisions on externally-related (i.e. client, funding) topics, but...
Career Dilemma - MO at IB or Research Role at MBB ??
I am facing a career dilemma right now and would really appreciate some thoughts or advice from you all: a little background about myself After college, I worked in a MO function supported trading at a top tier IB . Having working here for 3 years, I'm thinking of making a move elsewhere. I...
Hedge Fund MO to B-School
Curious how a MO role (i.e. corporate dev., investor relations, etc.) at a top HF (i.e. Citadel, Bridgewater, etc.) coming out of undergrad will place in top 10 b-schools in ~2 years. End goal after MBA does not involve FO or the finance industry in general. Has anyone gone down a similar path? Any...
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...
Operations Middle Office or Asset Management Reporting role
Hi everyone, Some advice needed here. I get out from the university about 5 years ago and currently working towards the final CFA exam in June. I have been working in a custody operations role in an international bank. I am possibly having two choices for my next career move: (1) a Middle Office...
Asset Manager Valuation / Middle Office
Hello All! I'd be interested in hearing from folks who work within the Controller's group inside Asset Management and private firms. I currently work within portfolio valuation at a Big 4, and I'm considering making the switch from Big 4 (ie, the services side) to working in the...
Jump from Finance to MO...What's the approach?
Hi All, Cutting to the chase, I am a young VP in my 6th year at one of the big banks on the street (Fidi district located). Starting at Lehman during my college days up through now, I've dabbled in Market focused Analytics roles along with some time in internal consulting. Looking to break free from...
29 years old working in middle office at a BB, do I have any chance?
Been trying to get into an fp&a role for about 6 months. Much more interested in forecasting budgeting and planning than traditional accounting. I'm 29 and feeling pigeonholed. Hiring managers think I'm too old for FA roles but too inexperienced for SFA roles. I'd like to avoid going back to school...
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!
Bank of America Quantitative Middle Office? is it quantitative or middle office?
I had interview with Bank of America Quantitative Middle Office. First off, I am not sure what they are doing exactly and the answers are not consistent. I was told it's similar to quant on the desk... but why a quant in the middle office? Has anyone worked there before and how's it really going?...
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...
Offered a middle office job advice
Hey everyone, I was offered middle office job and I am torn. Currently I am Financial Advisor and offered a Derivatives Ops Liaison role. Mostly dealing with gold, fxo, swap security master set up, netting, and OTC derivatives recon. I am torn between Advising or staring carrier in middle office....
Middle Office vs. Front Office
Hey everyone, I was wondering if it's worth it to transition from a FO role at a BB to MO at a well known hedge fund. Does MO have good compensation and are there any good exit opps? I tried searching for the pros and cons, but couldn't find one that was hedge fund specific lol. Any assistance would...
Help for a Friend -- Middle Office Associate Comp
Need some help. Anyone have guidance on what type of comp this position would grab? Talked to a guys who worked at BLK and he thinks given SF cost of living and the associate roll the MO associate would make all in between $100k - $140k. Thoughts?? Really appreciate any ideas....
Officer title
Does anyone have insight on WTF the "Officer" designation is at Credit Suisse ? This would be for a middle-office risk role. My best guess is: Exempt Non-Officer (ENO) = Analyst Officer = Associate Senior Officer = Senior Associate Can anyone corroborate this? I'm worried about taking a role that...
How difficult is it to move from the Middle" Office to Front Office at BAML?
Hi friends, I will be starting full time at BAML in Risk Management in a few months and I am hoping to switch to a front office role within a few years. For those of you that work in BAML or heard about internal transitions, how difficult is it to do so?
Chicago MM Trader to NYC FI Fund Middle Office
I am presently a MM at a Chicago Prop shop and I have an offer from a Fixed Income fund in NYC (AUM ~ $500 Mill) for a Middle office role. I was looking for some perspective on what would be a better career choice. The FI fund could see me transition into a Front Office role within 1-2 years.
Prime Brokerage Stories: Big Mack and the Phantom Pricing
This is the first of a series called “Prime Brokerage Stories,” real-life experiences from a close family member of mine who has worked in this area of the Street for about 30 years. You’ll hear about the frauds he uncovered, the laughs he enjoyed, and of course, the characters he encountered....
JPM Corporate Wholesale Credit Risk Reporting Analyst.. Middle Office role? Back Office role?
I just had an interview for JPM Corporate Wholesale Credit Risk Reporting Analyst.. Though I'm certain that this isn't a FO role, I'm not quite sure if this is a MO or BO role. I would be happy if this is a MO role but when I asked whether this is a middle office or back office role to the...
What Is Prime Brokerage?
I’ve noticed that there is a dearth of information and answers about this area of Wall Street here on WSO , so I’ve decided to give a basic overview of prime brokerage—what it is, how it fits in the overall picture, and what its responsibilities are. To really drive home the explanations, over...
Career opportunities: middle office of top investing bank vs. proprietary algorithmic trading
I have two offers, one is in model validation at risk group in top investment bank and the other is algorithmic/high frequency trader in proprietary trading company . I am wondering about career opportunities for both of the roles. Since this will be my first job out of school, I wonder how much I...
Credit analyst at BB vs. f500 corp fin
Hi, I have been working in corp fin at a f500 for a year after graduating. I am switching jobs and wondering which is better: credit analyst at BB or continue in corp fin at another f500? Also, is a credit analyst position (supporting loan origination) in the capital finance group considered back,...
Interviewing for Middle/Back Office Advice
Hi guys, I have a serious question about how to position myself and interview for a back/middle/office/operations (whatever you want to call it) role at an Asset Management firm. I spent a summer in equity research on the buy-side for a similar asset manager. Didn't receive an offer, and have had...
Should you ever apply for middle office roles like Risk or Operations if your goal is PM at a top HF?
Oops, found answers elsewhere. The answer is yes, if it is Operations or trading support to make connections in the FO .
Middle office to Harvard
with all the talk about harvard apps lately ive been wondering if its possible to go from middle office (underwriting, customer service, marketing, etc) at a commerical bank ( Wells Fargo / chase/ BofA ) to HBS . I havent taken the gmat yet. What do you think? What recommendations would you give? It...
Want A Career On Wall Street, Plan On Moving From New York City
When you finally make it BIG landing your first Wall Street gig and you think you want to be in it for the long-haul you had better pack your board shorts and Hawaiian-themed shirts because a mid-level career on Wall Street is likely to lead you to hot and humid southern cities like Jacksonville,...
JP Morgan Middle Office in Newark DE vs. Commercial Real Estate Appraisal
So after graduating from a non-target last year I was unable to procure a job for a few months and eventually I took a role as a commercial real estate appraiser. I studied real estate investments in my last year at school and I think my ultimate goal when I took my current position was to try to...
Is Pimco Advisory considered middle office?
Is an advisory role at PIMCO considered middle office, back office or front office ? What would be the expected total comp for a VP and how difficult are those roles to get versus PM roles?
FT Offer in Hand, but...
Hi, fellow monkeys. I just wanted to seek some advice. I did a MO SA at a semi-BB last summer and have a FT offer in hand. I'm a senior at an NYC non-target, 3.8 GPA. Recruiting season has been rough and despite talking to anyone and everyone and applying everywhere, I haven't been able to get...
Collateral Analyst=FO?
So I got this job description for a collateral analyst position at BB from a headhunter and I was told this is a FO job. But after reading the des I feel like this is more like ops. Can anyone familiar with this position provide some insights?
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