Is Finance the back office of society?
Hear me out. On WSO and finance circles, We always talk about front office, mid office, and back office roles in finance usually with varying degrees of "prestige." The guys in the front office get a good laugh at the expense of the guys in the back office because of some perceived differential in "status" and all that jazz. But deep down, is finance not the back office of the world? All the great goods, services and tech the world has to offer: cars, planes, pharmaceuticals, consumer devices, healthcare, etc aren't fabricated by financiers. We're just the guys allocating the cash to people who have these bright ideas, who execute their plans, and produce things of actual value. Sure, we're a crucial part of the machine, and some historians attribute humanity's progress in part to an efficient financial system that has allowed great projects to see the light of day. BUT, we're not getting our hands dirty (just like most associates), we're just enabling others, which is great, but also humbling. We're important but if I had to pick a profession to disappear between engineers, doctors, bankers, police officers, fishermen etc... bankers and HF managers would probably go first. Is that naive of me?
Point is... We're important and we sometimes do challenging work but truth is there are way more impactful careers out there :P Thoughts?