Comments (9)

Apr 9, 2013

Base pay its possible. Bonus is where you see the big difference.

What do you mean by middle office in wealth and asset management ? Thats very broad

Apr 9, 2013

Typical response: It depends, base may be similar, but the bonus for bringing in clients/fees is obviously higher for the VP in IB.

Your question is weird since you put wealth/asset management, which are traditionally FO jobs, with risk management, which is a back office (or MO) job. I assumed that you meant MO in general for all three of these sectors.

Apr 9, 2013

Short answer would be no. As others have stated, salary may be comparable, but bonus will never be. FO brings in big fees/revenue. MO is more of a supporting role, obviously important, but not sales-based.

Apr 9, 2013

Anything's possible, but generally IB VP's make $300k-700k all-in whereas your typical "senior" MO professional would be lucky to break $150k.

Apr 9, 2013
STIBOR:

Anything's possible, but generally IB VP's make $300k-700k all-in whereas your typical "senior" MO professional would be lucky to break $150k.

LOL wut?

more than 150k dude.

Apr 9, 2013
yeahright:
STIBOR:

Anything's possible, but generally IB VP's make $300k-700k all-in whereas your typical "senior" MO professional would be lucky to break $150k.

LOL wut?

more than 150k dude.

Exactly. Friend of mine is MD in Global Transaction Services at a BB (not sure if it's FO) and pulls in around 600k

Apr 9, 2013

Yea, I guess I meant wealth/asset management vs IB. I guess since they are client facing they are technically FO then? I was under the impression they were still considered MO.

Apr 10, 2013
black mamba22:

Yea, I guess I meant wealth/asset management vs IB. I guess since they are client facing they are technically FO then? I was under the impression they were still considered MO.

Asset and wealth management can make a lot more compared to IB. It all depends

yeahright:
STIBOR:

Anything's possible, but generally IB VP's make $300k-700k all-in whereas your typical "senior" MO professional would be lucky to break $150k.

LOL wut?

more than 150k dude.

Umm yeah...way more

Apr 10, 2013
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