Hello all, I'm applying for a Derivatives operations/collateral management 2 role in State Street IMS based in Irvine, CA. Can anyone speak for the derivatives/collateral management department in State Street IMS? Is it heavy client services/on the phone or is it mostly screen time/excel? Also, can anyone tell me about how useful the product knowledge of derivatives would be for transitioning into other fields, and which fields? Would greatly appreciate info from people who have worked at State Street in Irvine or any other department or office. DMs welcomed. Thanks in advance.
20 Aug 2019
I don't work in BO/ MO... interested to know, how much can you really earn? Seems like a few posters have talked about how mind dumbing the job is. Others have said that you get a lot of time off and flexibility (is this true). Interested to know, What BO/MO etc opportunities are the best for salary and hours? Thought we could try have a positive and educational conversation.
01 Jun 2014
What is WSO opinion on 'industry' jobs at SME type companies? For example: Credit Risk Analyst @ a mortgage firm Underwriter @ an insurance company (if you consider this a finance job) Financial Analyst @ a manufacturing firm The reason I ask is, it seems as if everyone here is hell bent on getting an assosciate position at a i-bank or working as an analyst @ a hedgefund. Is taking a BO position at a small-medium sized enterprise considered 'failure' ? I do not work in finance neither is my educational background in finance, just a naturally curious person who loves WSO.
11 May 2012
Hey guys, I'm actually a freshman at a target who started somewhat late looking for internships. One of my relatives got me an interview next week with what I think is a BO group at a high frequency trading hedge fund. If I aim to go into IB or even consulting down the line, would this internship be useful? I'm asking this because I've heard that once you get into BO, making the transition to a FO role/group is nearly impossible. Any thoughts? The HF name, I would say, while not super super prestigious, is still worth something (trying not to give away too many details). Thanks!
24 Apr 2014
Just curious if there's the opportunity for the same kind of exit opps and the like for BO and MO people? Obviously not in terms of pay, but do MO or BO people move from a BB after a few years to a PE or HF ever (and get paid more)? I gotta imagine the skills of Risk, Finance, and in some cases, Ops guys translate to these other areas. Anyone know anything about this? Thanks, Plissken
16 Nov 2012
So I was talking to a friend's friend last Friday during happy hour. He's a trader at one of the top HF and his firm just promoted a newbie from BO to a junior trader on his desk. The newbie is from a semi-target, he's obviously smart, but this is just incredibly lucky. What do you guys think? How often does this happen? ALSO, I'm very curious about this, how many non-targets actually make it into FO? Personally, I don't know any, but that's probably just because my network isn't strong enough...
10 Oct 2012
Hi I am a new WSOer here, and I need some advice for my career development... I've interned at a European BB's equities sales and trading department, and I've always wanted to get a job on a trading floor. I graduated from a local top university, finance major, typically BB's local branches are full of alumni from my school. However, in my country, investment banks have never recruited entry-level people (no matter in FO/MO/BO) for many years, and banks just don't give return offers either. Hence I ended up landing a job at another European BB's equity ops department, and i am thinking about my exit options, because there are very few opportunities in my country. My exit options are: 1. Find a sales assistant / trading assistant contractor job at other firms
10 Aug 2014
I know we are all sick of seeing posts about exit opps to move to FO, S&T, and IB but I am in a pickle... I currently have an offer from a BB as an Operations Analyst mainly working with derivative products. I know that exit opps to FO are slim but I believe that they would put me on more project based work and I would definitely be able to network and make a push whether it take 1 year or 5 years. The other opportunity I have is with a large regional consulting firm as a Data Consultant. Being strictly programming, data mining, etc. Could this potentially set up exit opps to FO as a quant
11 Aug 2016
Long story short, Ops is not where I want to be long-term. I have friends that really enjoy what they do (NY Metro and outside of it), but my experience hasn't been the greatest. Everything seems extremely inefficient with what I've been a part of so far. Without going too far into it, there really aren't any transferable skills outside of soft skills. I work with smart people but I also work with people who have been in the same position for a number of years and remain stagnant/content with where they are in life. While there's nothing wrong with that, it doesn't really promote a "growth"
21 Aug 2014