IB risk vs regular ib?
Hey guys,
How is being an analyst at ib risk different from being a regular analyst,
Thanks
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It is similar to the difference between a rhinoceros and a hippopotamus.
It is similar to the difference between an egg and a newly hatched chicken.
Except, the egg will never hatch and you will suffocate from all the controls testing you do as you progress up the ladder to the level of "really good at getting in other people's way when they are trying to do their job"
so its a dead end? what are ib risk people like
Risk = Audit.
The exit ops for Audit is more audit. If you have an opportunity to do audit, you want to do it via one of the Big 4 - which has exit ops like Controller / CFO if you really bust your ass for the next 30 years.
That really is a dead end then
JP Morgan? I believe its advisory there and they get paid as much as coverage IB analysts (maybe slightly lower bonus).
IB Risk at JPM is front office. Pay including bonus is on par with coverage and product group analysts. Exit ops are very much the same, too, as it's a deal-oriented role. In addition, JPM has many mobility options, and analysts/associates can move to a product team (e.g. DCM, SLF, or ECM) or to a coverage role. Some in FIG credit even move to the markets side. People from coverage and product groups move into IB Risk (also known as Credit within the bank), because staffing needs are less volatile. It's a great place to start off, especially since IB Risk analysts go through the same training program as the rest of the front-office analysts in the IB.
Don't confuse JPM IB Risk with audit--it's not.
This person doesn't know what the fuck they're talking about. Roommate is in Risk at JPM in NY. It's back office. You DON'T get paid as much as 1st year banking analysts / traders / CapMkts, and SURELY don't have the same exit ops.
I hate to rain on the parade, because I don't think that Risk is a bad job - it is a very steady job. It doesn't have to worry as much about market turbulence causing you to get canned. On the other hand - you aren't making the firm money. Risk is the biggest CYA in corporate America.
Sorry Chicago IBD. You might be thinking TSS Risk, operational risk, something else like risk reporting, or even your own role.
At some banks, LevFin groups do pitching and portfolio management, and transaction execution. At JPM, this is split up into a number of different groups. If JPM is committing its own balance sheet to a deal, the committment process is managed through IB Risk, docs are negotiated by IB Risk, and the resulting portfolio exposure is managed by IB Risk.
You absolutely do get paid in line with the rest of the IB and exit ops remain the same.
Where are you getting this non sense?!?!? He said his roommate was in JPM Risk so I think he knows better than you. Second, I know someone who is in JPM IB Risk and it is not FO and the pay or exit ops are not the same. I have no idea where you are getting this from but you are way off base.
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