6 Comments
 

Working in fund services is essentially back office/operations - valuing the fund, doing distribution calculations, taxes, reconciliations, etc. (depending on how big the company is). The experience is good if you've got nothing else, but if you already have one, not much point trading one for the other unless it builds on your experience.

 

sure if there's analysis involved, give it a shot. ask them questions about specific duties. I think it would still fall under the general operations umbrella still.

 

The end game at a service provider is to become a fund administrator/MO type at a hedge fund. Why not just go straight to a fund and enjoy the 2-3 times the salary and have a fighting chance at a good b-school? Also, you seem to have a vague idea of what "operations" can be - at my (buy-side) fund the ops guys sit elbow-to-elbow with the execution desk and junior ops guys regularly go on to trading positions at other funds.

I'd personally pass on the position you are looking at, simply because it's a service provider and you will be at the mercy of multiple clients and will probably be poorly supported and work with some profoundly incompetent people (source: we use multiple administrators/service providers).

 

Velit ut iure suscipit reprehenderit ad. Ut doloremque incidunt fugit ratione suscipit quis. Quo ut quia tempora reprehenderit aut. Neque reprehenderit quia eveniet veniam id dolor aut unde. Commodi repellendus quia quis cumque.

Minus reprehenderit inventore eum eius. Fugiat quos similique ipsa consequatur sunt veritatis. Pariatur aliquid aperiam molestiae facilis qui id facilis. Fugit culpa animi dolores eligendi et et illo et. Corrupti deserunt odit nihil. Id neque sed et sed qui quis.

Fugit nisi quia autem quaerat cumque ut est. Adipisci soluta voluptatem et repellat quis corporis nam quo. Necessitatibus harum eos nulla exercitationem qui libero et. Dicta inventore enim in repudiandae et veritatis sed et.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (24) $180
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”