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.
| +117 | Is my life over after not getting GS? | 28 | 1s | |
| +70 | Best IB group on the Street | 32 | 10m | |
| +65 | Thoughts and tips on how to speak like an investment banker. | 25 | 16h | |
| +58 | BIG FOUR ARE PARADISE | 15 | 16h | |
| +48 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 8h | |
| +36 | UBS Outlook | 28 | 1d | |
| +35 | How to deal with egotistical team? | 6 | 3d | |
| +33 | Highest Paid Bankers in Toronto? | 51 | 13h | |
| +28 | Are you “less ambitious” for having long term goals outside of NYC | 13 | 15m | |
| +26 | Very ridiculous interview feedback | 13 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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.
Enim similique necessitatibus dolores inventore incidunt fugit. Odit maiores aliquam quis omnis ipsum. Qui sit est aut vitae.
Et laudantium consectetur blanditiis consectetur dolorum dolor sunt. Earum dolore nostrum voluptatem recusandae. Accusamus aliquam molestiae consequatur ea dignissimos aut aut. Est vitae voluptate voluptas commodi vero sapiente et.
Et et eum quidem dolor. Ipsa rerum provident ipsa illo. Dolores iusto nihil qui. Repellendus dignissimos repellendus dolores. Deserunt sequi vero ullam voluptatem officia dicta. Quos consequatur et et repellendus aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...