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Used B-School to Move From Back Office to IBD Associate at 25
I'm using a throwaway, but I've been on WSO for the last three years trying to move from a F500 back-office job Into M&A . I'm 25 and just landed an Associate gig at an elite boutique in M&A . I figured I would outline my story, and give back to the community by answering questions (if any) people...
Portfolio Monitoring Analyst-- Back Office?
I was wondering if this position sounds back-office based on the description, also what the potential career progression would look like (CFA etc.): As a Portfolio Monitoring Analyst, you will support the Wholesale Banking Lenders in financial monitoring and loan implementation. In this position you...
Operations > CFA® > Profit ??
Citi Back Office or Accenture Tech Consulting?
Citi job is back back office, supporting entire company (not HR). Two 1-year rotations in both operations and technology. Being sold as a "leadership" development program-- basically grooming for middle management. Very small cohort-- approx 10. Accenture is just tech consulting (not strategy/MC).
Finance - Tax division for Sophomore Internship vs investment banking internship at a small regional bank?
I am currently a sophomore and I was offered a position in the Finance- Tax department at a major bank. First of all, would you consider this back office or middle office? Secondly, do you think that this is a good precursor to an IBD internship in my junior year? Would it be better to do an...
FO Hiring Up Significantly Over Last Year
Here's a bit of good news if you're looking to break into a front office S&T or M&A role: the word has gone out to recruiters to fill the slots banks are expecting to lose after bonuses clear. Things are especially good (in London, anyway) if you have an accounting background. [quote]Andrew Breach,...
Back office and front office recruiting
Hey, I am exploring opportunities in the back office at bulge brackets as a fall back (better than nothing). Do banks not care about target university when it comes to back office recruiting? I have been looking at people profiles and talking to people and some of them come from unranked...
Is there a trend of respecting IT personel abit more?
Now I don't mean the poor outsourced folks who you dial *9 on your cisco phones to complain when you spilt some coffee on the keyboard. I mean the guys who wrote your desk's pricing engine, your trading UI, your back office stuff and implement the Quant's strats/algos, altogether with the reminder...
GS Associate Salary
Hi all, I'm looking for some info on Goldman's salary range + bonus in Salt Lake City. In particular, it's for a Compliance Associate role. I've checked glassdoor and reached out to some friends but I can't find any decent data. Any info would be much appreciated. Thanks so much for your help!
Ops Life... When should I plan my move? (back office)
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...
Getting your foot in the door
Hey all, If I do an internship in the back office for example in risk or operations at a top BB , would that help me in any way to get a front office internship for the following summer at a BB? Thanks
Who to Reach Out To When in Back Office
I currently work in the Contracts group at a major’s trading arm (it was my only way to get my foot in the door) but obviously I want to be trading within a 5 or 6 years. I’m curious as to who I should network with – Risk, Scheduling, or directly with Traders. There is no way that I am going...
Hello, New Monkey to WSO
Greetings WSO members, I am from the Midwest, recently graduated and am still looking for a banking position. I decided to go into banking after recruitment season so I hope that WSO can be helpful. I do not have a degree in finance. Currently I have a back office position interview, coming up soon....
How to get out of the Back Office?
I am literally trapped inside Goldman's back office . On the 8th floor of 30 Hudson Street. Went there to visit a friend on Friday and must have fallen asleep waiting. I have no idea how to get out. All of the lights are off, the doors are locked. My phone is out of batteries. This place is a maze....
JPM Corporate Wholesale Credit Risk Reporting Analyst.. Middle Office role? Back Office role?
I just had an interview for JPM Corporate Wholesale Credit Risk Reporting Analyst.. Though I'm certain that this isn't a FO role, I'm not quite sure if this is a MO or BO role. I would be happy if this is a MO role but when I asked whether this is a middle office or back office role to the...
is this a back office job?
hey guys, im currently in a job search and i came across some postings that i wanted to clarifyon. I found the following job description and can someone please explain whether its a " back office " job or not? Job Functions, Unique Duties & Responsibilities: Manages and tracks large volumes of...
Back Office Comp at Boutique HF / PE Shops
It's certainly nowhere near as good as traders / deal team / front office , but does anyone know what type of bonus (%) a fund accountant, IT professional, etc. gets in an average year at a boutique HF or PE shop? Is it locked at a fixed percentage or does it usually go up with additional years of...
Credit analyst at BB vs. f500 corp fin
Hi, I have been working in corp fin at a f500 for a year after graduating. I am switching jobs and wondering which is better: credit analyst at BB or continue in corp fin at another f500? Also, is a credit analyst position (supporting loan origination) in the capital finance group considered back,...
Interviewing for Middle/Back Office Advice
Hi guys, I have a serious question about how to position myself and interview for a back/middle/office/operations (whatever you want to call it) role at an Asset Management firm. I spent a summer in equity research on the buy-side for a similar asset manager. Didn't receive an offer, and have had...
5 Benefits to Being in the Back Office
I worked in the back office at an AM for 2 years before leaving for greener pastures. Now my job did suck, but there were a few benefits to the situation that I was in and that I’m sure a lot of you are in right now. 1. Free time at the office – The back office is a pretty easy and mindless job....
Do Back Office guys have good prospects to Stanford GSB?
I am currently in a BO role at Fidelity Investments as a Systems Analyst and I would like to transition into the management consulting ndustry. Looking from the class profile GSB took more people from tech than financial services. I understand these include the software engineers and programmers...
Your Guide To Back Office Fashion
Dear Community, While reading through these forums, I have found many forum topics on what color the inside of your shoes should be on Tuesdays, if you work on the 100 block of West Street, but no one seems to comment on back office attire. Little do you know, many of the world’s fashion trends...
MO/BO outside of major city?
Hey guys, I applied to two IBs for MO/ BO roles in ops/tech originally being based in London which is ideal. However, they both have filled their grad. schemes for the roles in London and offered me the same position but in a different location (exact locations arent relevant but neither are big...
Back office survival guide: About zombies and robots
I finished my last article with the sentence “There are actually several ways to break out of operations” but before you break out you need to survive first. Believe me, the back office seems to be more relaxed than it actually is. Depending on what markets you cover it might happen that you...
Fortune 100 FP&A --> Big 6 Bank Controller Group (Top 10 MBA & CPA)
I am looking for advice on a potential job offer. I am not trying to break into front office opportunities. I am more interested in getting some feedback on whether I might be pigeonholed or if I can move onto other back office /middle office finance roles in the future: I have a Top 10 MBA / CPA...
Compliance Mobility at HF/AM/IA
I was wondering if anyone could provide insight for Compliance and back office jobs in regards to mobility working at a hedge fund, Asset Management or investment advisor firm. I have an opportunity to move to one of those 3 and wanted to make sure it wouldn't put me in a dead end career wise. The...
Equity Research Q&A with Flake
Mod (Andy) note: This thread is from December '11, but Flake said he is still up for answering questions, so fire away Given the holiday season, I'm in a relatively good mood and feel the need to give back a little. I've seen a bunch of these "fielding questions" threads and I thought they were...
How to put this on CV? Is it even worth it...
Basically this is the thing: I have 2 BB FO internships so far, and will start doing some part-time internship (9-10 months, only 10h/week to support paying my studies) at a good company (Fidelity, Wellington, PIMCO) in a random back office department (administration-, marketing-, sales-support,...
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Back office bull
Hey guys, been following this site for a long time and after seeing the wealth of information everyone has to offer I thought I could get a piece of the pie so to speak! I'm a 2nd year undergrad studying at a London university and have landed a summer internship at a BB firm. It's in the Operations...
Offer HELP!!! BB Ops SA vs. F200 Corp. Fin SA
OK, this might be a stupid question, but I want to hear some opinions. I have no particular career goals except to go to B-School at some later point in life. This is for my junior summer, both offers are in NYC , but the BB Ops gig pays 47% more on an hourly basis. What should I do?
The Front Office of a Back Office is a Back Office
Hey guys, The question I want to ask is whether audit at a Big 4 is actually considered FO in the exit opportunity sense and not just by pure definition. I actually worked for audit over the summer and definitely felt that it was more BO than FO . By definition, FO is client facing and revenue...
Analyst, Funds Administration...what's in it for me?
Hello, The title is: Analyst, Funds Administration... for a big insurance company. Its back office stuff. I was wondering 1- What to expect from the job in terms of learning experience that can be transferrable in the future. 2- How will that experience be valued for from of a FO /consulting/...
Back Office Trap - Need advice now
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BB Product Control -> EY Advisory, BIG Paycut
So been doing MO role at a BB for close to 3 and half yrs now (I mostly did Product Control and Valuation Control at a top BB and doing PC now at a low BB). I am currently 25, and I make close to 97k/yr. Kinda got sick of this job and want a career change as I don't want to get pigeonholed into back...
Weekend Wars: Drones vs. Moans
Over the past few weeks, I have been dealing with a very annoying neighbor. She can't shut up, moans, bitches and whines about every damn thing, but she's a good lay so I tolerate. It got me thinking about the workplace and how terrible it is to deal with annoying co-workers. You know what they say...
1st Round Interview Length
Is 30 minutes considered short for a 1st round interview? This is for a trading operations role at a BB .
Wall Street Hiring From Within?
Interesting article on Business Insider about how firms are starting to take loyalty seriously and hire from within: http://www.businessinsider.com/wall-street-hiring… Any truth to this from anyone's viewpoint? BBs moving back to traditional routes of moving people from BO and MO roles to FO ....
ER publishing/production?
Anybody ever do a job like this before? How much worse is it than trading / IB ops and other kinds of BO roles?
Actuarial vs Back/Middle Office. Which is a better career?
All things considered, which is a better career path? Thanks.
Do you have to had a internship when applying for a FT Back Office job?
With the tough economy and the way the hiring situation looks, back office jobs , if someone can get them, are looking very attractive. So granted that you need to have had an relevant internship experience to even have a shot at a FO job, what about a BO job? Would someone without relevant work...
What shouldn't I do? What about support staff?
This one is pretty simple. Operations handles a lot of the back-end work for you, so getting on their good side is in your best interest. Similarly, during the recruiting process if you get in good with human resources they can make your life very comfortable. However, for both departments, doing...
Am I stuck in back office or middle office?
On WSO , we get a lot of questions from professionals in the middle or back office positions of a financial services group that are trying to get to the client facing / front office positions at that firm (like M&A in IB). While this transition is possible, it is exceedingly rare and usually takes...
Eat The Poor
I have no problem understanding the privileged. I just place a pillow against the wall, bury the top of my head in it and perform a headstand. After a multi-minute lean against the wall, the blood rushing into my brain causes dizziness. Once I straighten back up, it's all clear to me. Now that I...
So be honest, can networking like a ninja overcome this???
So, I have this friend who I've been trying to encourage to network. I'll call her Esperanza because I really love that word. She has overcome a lot of things already. She is a 1st generation student from a spanish speaking country. She doesn't come from a wealthy background either. Esperanza has...
Back office to biz school
Hi All, One of the most common themes I've heard since grindin to get out of back office is, "if you get stuck, just go to b school." Seems to be a pretty common theme. How probable is it to go to a top 15 b school w strong leadership and promotions without direcly generating revenue? I know that no...
Should I Take a Back Office Position?
Hi all, I'm a recent graduate who hasn't found a job yet and found out through a friend about a back office position at a well known bank (not a BB though) that is looking for a non-permanent hire. Since I do not have a job at the moment, it seems obvious that I should take it, but since positions...
Back office BB vs boutique front
If my goal is to eventually land a PE / HF / VC gig (after an MBA), which of the 2 is better (in terms of exit ops and transferable skills): 1) Analyst at top BB firm doing operations/ BO work (reconciling, settlement, P&I, 3rd party clearing, etc) 2) Analyst at boutique investment bank (on-site due...
Rejecting BO Offer?
I'm currently interviewing with a BB for a BO position nestled within IBD . I was directly told by several interviewers (without asking!) that this job is NOT a feeder into (the same) BB Front office. My goal is to do media M&A /restructuring. If I get the BO job, should I turn it down to pursue FO...
Internal Netwokring at BB
I'm currently interviewing for a support position within the IBD at a BB . Normally, I'd expect the position to be in ops, but it's actually nestled in IBD . The short of it is that I'll be helping gather and compile data for pitchbooks as the requests come in from bankers. While it's in IBD , this...
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