Middle office to front office?
Any comments?
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It happens frequently within BB IBs -don't listen to any douches who say otherwise, they are elitist jerkoffs who dont know any better.
IF you're sharp, articulate, driven, WELL informed and can add value in some respectable way, you will be noticed and have opportunities.
Thanks for your comment!
like latransplant said - it's not hard to do. Like anything, it's going to come down to showing the right people that you're persistant and you want it. Do well in the middle office, and spend time going to lunch with front office people you meet to learn more about their business.
Someone explain to me what middle office is? I thought there was front office (brings in money) and back office (doesn't bring in money). I don't think it matters how fancy the title or department name is, you can't get "promoted" from back office to middle office.
I always think in terms of profit and cost centres, but I do hear risk management referred to as middle office. From that, there are more opportunities to move from RM to DCM or the like.
you're not promoted from back office to front office. spots open up due to various circumstances and depending on the situation, back office recent graduates who have done the right things have been known to get the nod.
traders cant trade, salesmen cant sell and everyone goes home. even the building security/maintenance & canteen chefs are cogs in a high precision machine.
^ spot on.
In one of Drucker's follow-up books he made a comment that he wished he never coined the terms profit center and cost center.
In his own words --- "Although I invented the term "profit center" 40 years ago – one of my lesser contributions – a subsidiary of a division is not a profit center, but a cost center. The only profit center is the customer. Until the customer has paid his bill, there are only costs, and until the customer has come back with a repeat order there is no customer."
I personally think most people should work at a small firm at some point in their career. It makes you appreciate all of the roles in the company.
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