Best Middle Office Jobs?

Wassup guys,

Just was trying to get a discussion on which MO jobs are the better ones for someone who wants a career in either pe,ibd, asset managrment, or a hedge fund

highest comp potential on average?
Best exit ops? (hedge funds,pm,pe,FO roles)
Best lifestyle( hours, n such)
Anything else??

Thanks

Comments (12)

Jul 24, 2011

From my experience in BO/MO:

highest comp potential on average? - Probably trade support roles(?) but they all pay shitty compared to IBD and so on.

Best exit ops? (hedge funds,pm,pe,FO roles) - This made me laugh. You will have to fight your way in. Once again, a trade support role where you will actually sit on the trading floor would put you in a position to network/socialize with S&T on daily basis. I would forget about a direct jump to HF and PE.

Best lifestyle( hours, n such) - I wouldn't worry about the hours for any BO/MO role. I worked roughly 7:30-6:30 in trade support. My biggest issue was doing bullshit work for those 10-11 hours.

Anything else?? - Mundane work, no respect, no prestige. I would highly recommend you stay away.

Once again, this is from my experience doing a rotational program in BO/MO at a BB for a year (I did product control and my other rotation was trade support).

Jul 24, 2011

Thanks for the quick response..what about asset management. Is that considered MO?

I Got a dollar and a dream...

Jul 24, 2011

Also, what the hell do people do after finishing a stint from BO

I Got a dollar and a dream...

Jul 24, 2011
BankMonkey21:

Also, what the hell do people do after finishing a stint from BO

Asset management is considered front office. Although, there are AM Ops/support roles as well who specifically support asset management divisions.

As for what they do? They stay in BO because they usually can't get out or they are just content working there. If someone wants to get out, they will have to network and somehow get lucky or go to a top b-school.

If you're talking about a BO/MO internship (Junior year for example), it's not the end of the world. From what I've seen, you can still be competitive for decent FT jobs, given you don't accept the BO offer and decide to stay.

It would just be best to do something else if you have the option to do so. Even PWM would look better (in my opinion).

Jul 24, 2011
BankMonkey21:

Also, what the hell do people do after finishing a stint from BO

No such thing as a BO stint lol,

BO = ZERO exit ops

I didn't say it was your fault, I said I was blaming you.

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Jul 24, 2011
tlynch5:
BankMonkey21:

Also, what the hell do people do after finishing a stint from BO

No such thing as a BO stint lol,

BO = ZERO exit ops

Does this include positions like strategy or business development at an investment bank?
Obviously, this isn't nearly as good as a front office position, but any idea how idea how an internship in the above areas would be viewed?

Also, what do people do after their two years/rotation program in bo? At least at my bank, even the back office areas are up or out. They have to go somewhere, is it mainly to corporate finance type roles?

Jul 24, 2011

^^^^ Agreed.

Just avoid if possible.

Jul 24, 2011

Trade floor risk management is not a bad place to be. I've got some friends (mid 20s) making 90K base with 30-50% year end bonuses. They work max 60 hours a week, and usually around 50. Their pay will probably plateau around 200K all in, but that's still a pretty sweet deal if you ask me.

Jul 24, 2011

Great answers...thanks for clearing that up everyone

I Got a dollar and a dream...

Jul 24, 2011

Risk, undoubtedly.

Jul 24, 2011

I read the title at first and thought it read best middle market jobs. Oops, big difference.

I spent a few years at a BB doing trade support. The hours were just like Flake said: 10-11 hours a day, nothing hard (although it could get stressful at times). I'd sum up all middle office work like this:

Mind numbing, low paying, repetitive grunt work that gets zero respect and has nearly zero exit opportunities.

We used to call operations the "Scarlet O." Once you got branded it was almost impossible to get the stink off of you.

Risk is by far the best "middle office" role and my current employer treats it, from a pay and visibility perspective, more like front office. I think you'll see that in a lot of places - risk is sort of in-between FO and MO. I wouldn't ever lump it with trade settlement or fund accounting.

Jul 24, 2011
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