I lately got an offer frm GS operation, margin lending associate. Salary not very high, location in asia,not hk. I have no experience in the bank industry and this job feels very process oriented. How does the prospect of the job look like? I have another offer frm manufacturing industry in hand, pays better, asisa as well. I'm sort of debating between the two now.
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don't be back office
The manufacturing job, hands down.
Yeah, back office is a dead-end. Especially in Asia............ :\
do you mean it's a job leading to no where? they mentioned there are project involvment in the daily analysis work.. will GS experience be a good track record if I want to transfer to other department such as risk assessment or capital market research? And is it possible to transfer from back office to front office? (I have a master degress from US school but not MBA, and this is the job I'm considering to take upon graduation the coming June.) thanks!
Do you work on things that directly touch clients or is it like I.T type nobody knows you exist...Becuase i've worked in operations that was very hardly back office. Working closely with IBD, and IBD recruits people from that group often.
Also if you don't have any experience in finance whats the big deal? You Just got in at Goldman Sachs.
I think this group will work with client to review their collateral to ensure client has sufficient collaterize exposure with GS. My role will include looking at porforlio and compare changes day to day and request client to make changes on assets accordingly. Check if product is margined correctly. percentage is charged correctly. Daily process will include system oriented report generating works as well. But does this sound like an intersting job to you? I have 6 working experience in industry already, as financial analyst. So I'm very cautious with the job offer upon my master graduation and hope I would be choosing the right career to start with.
I wouldn't rely too much on people here to make your career decisions lol. I think when you say Ops, people assume you will be deciding on which coffee vendor to go with next quarter, or whatever else grunt work. This seems like it will get you some experience.
I'm new to WSO but ive read that alot of the post's on here are by people HOPING to get into the industry and are not actually there yet. So being told not to do it by some freshman sitting in class, who hasn't stepped foot in a bank thinking he's going to be at Goldman Sachs in 4 year doesn't really hold much weight. I don't know how true this is, maybe a seasoned user can say if its true haha.
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