Sep 21, 2018

Do all back office corporate jobs pay the same at each level?

I need a fact check about something.

So I was talking to a friend the other day and he was telling me that exiting from consulting/banking into a corporate role is a bad career move as all roles at F500 have the same pay scale. He pretty much said that a VP or Director in Corporate Finance/Strategy will earn the same as a VP in IT, Marketing, HR, Accounting, Compliance, etc.

He was saying it was stupid that people who worked their asses off and came from top undergrads to work in a BB or MBB are lowering their pay to the same as people who came from average colleges working at the big 4, small-time tech companies, and marketing firms which are far less competitive than consulting and banking, again his words not mine.

Is there any truth to what he is saying cause it doesn't seem entirely true. It's a bit hard to believe a VP of Finance that came from Goldman Sachs earns the same as some HR or IT guy that's been at the same company for 10 years.

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Hey SWEIIIGOOG, I'm here to break the silence...any of these links help you?:

Difference Between Middle Office Finance and Back Office Roles while in that same year, IB analysts were at 70 base with typical 40-60 bonuses Back Office Definition ... analyst positions like risk or treasury will usually have the same 70k base as FO (whereas BO is usually ... and Functions The back office is the section of a firm respo
From a Paper Mill to Call Centre to Back Office IT to Equity Research. Here's the summary: your back office job doesn't mean shit and they don't give a fuck about ... already covered the same stocks. I kept at it and just landed a job in ER at a boutique in Toronto. ... can help. Sorry for the long post but it's all relevant to how I made it to front
RE: 7 Reasons You Shouldn’t Work In The Back Office Doesn't Care Either Seems rather presumptous to assume people in the BO all want to break into the ... environment more than the potential to advance, then back office work might be for you." 7. The Work ... center? They might be more useful than analysts at some places..." back office myth ..
Top MsF/MFE Possible from Back Office? office role at a top BB for the past 1.5 yrs since graduation. I do process improvement type work along ... solely at MBA programs but the work at an MsF/MFE sounds like it would be intellectually stimulating and ... is similarly high; some of the core requirements in humanities pulled down the cumul GPA. Too
Should I quit my back office job? Currently at a boutique doing back office. Job duties includes office mgmt, IT, corporate ... accounting, account recon/banking, and several other back office functions. Started full-time at $35k no bonus ... last spring. Got a bump up to $40k at the start of this year, no
The Back Office of a BB ranks in the back office? And how much comp can one expect at each of the levels? From analyst-> ... curiosity, does anyone know the career progression of the back office at a BB? So for roles such as finance, ... accounting, compliance, risk mgmt, etc. To my understanding
Do back office people know they are back office? Citigroup.com/transactionservices/home/securities_svcs/index.jsp Furthermore, do the people that work there know that? It seems like they strut around thinking ... So there's this group called Securities and Fund Services at Citi. From reading the website ... it sounds like ops to me. Would this be BO /MO? http://www. ...
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reformed

Probably, but there might be a lower percentage of VPs (relative to the total people in the function) in HR or marketing vs. finance.

Why would you care what someone in an unrelated function makes?

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