Best back office role

I would rather choose big4 or actuarial firms. Back office doesn't have many opportunities.

Reply 2

Depends on you.

There are roles in regular corporate functions of i-banks that you'll find in almost any corporation, so in that sense, I guess they'd be the 'best' as you can hop around different industries and companies. These would be HR, Marketing, Finance, IT (Tech) etc..

Ops pretty much pigeonholes you to strictly investment banks or other financial services companies in need of trade clearance facilities. Not a lot of wiggle room here at all, unless you get an MBA later down the line. That said, Ops grads still make more than most other grad jobs out there; in London at least.

Compliance, Risk, Control, Corp Treasury, Corp Strat are commonly described as middle office roles; they're, imo, the most interesting of all nonrevenue generating divisions.

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Reply 3

Sorry OP I didn't read your thread properly so I didn't realise that you strictly meant back office roles at IBs.

In that case, would go for risk since that's the best paying. However, risk is really hard to get into anyway. Even ops is quite hard to get into.

Reply 4

Original post by Princepieman

Depends on you.

There are roles in regular corporate functions of i-banks that you'll find in almost any corporation, so in that sense, I guess they'd be the 'best' as you can hop around different industries and companies. These would be HR, Marketing, Finance, IT (Tech) etc..

Ops pretty much pigeonholes you to strictly investment banks or other financial services companies in need of trade clearance facilities. Not a lot of wiggle room here at all, unless you get an MBA later down the line. That said, Ops grads still make more than most other grad jobs out there; in London at least.

Compliance, Risk, Control, Corp Treasury, Corp Strat are commonly described as middle office roles; they're, imo, the most interesting of all nonrevenue generating divisions.

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Ops seems kinda boring as well. Clearing trades all day instead of making them must be depressing af

Reply 5

Original post by Trapz99

Ops seems kinda boring as well. Clearing trades all day instead of making them must be depressing af

Meh, it pays well and it's not that strenuous; that's what people care about in the end.

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Reply 6

Original post by Princepieman

Meh, it pays well and it's not that strenuous; that's what people care about in the end.

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Yeah I guess, but clearing trades just seems like a waste of a life imo compared to something else like risk management or accounting at a big4.

However, I agree that it still pays pretty well. A few people at my school have parents working in operations and back office roles and they're pretty rich and all have big houses and go on nice holidays.

(edited 7 years ago)

Reply 7

Original post by Trapz99

Yeah I guess, but clearing trades just seems like a waste of a life imo compared to something else like risk management or accounting at a big4.

However, I agree that it still pays pretty well. A few people at my school have parents working in operations and back office roles and they're pretty rich and all have big houses and go on nice holidays.

Lol, you could say them same thing about any desk job :tongue:

I personally agree, and certainly, I wouldn't want to do Ops at any costs whatsoever but the people who do go into it have their own reasons.

And yes, senior pay in Ops is quite decent. I've heard of MDs pulling $300-400k/year (~£210-280k).

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Reply 8

Original post by Princepieman

Lol, you could say them same thing about any desk job :tongue:

I personally agree, and certainly, I wouldn't want to do Ops at any costs whatsoever but the people who do go into it have their own reasons.

And yes, senior pay in Ops is quite decent. I've heard of MDs pulling $300-400k/year (~£210-280k).

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'Quite decent' lol £200000 is amazing.

Reply 9

Original post by Trapz99

'Quite decent' lol £200000 is amazing.

In comparison to FO, it's decent aha. In comparison to almost everything else, it's quite solid.

Reply 10

gr8wizard10

would do compliance, something like anti-money laundering or a trade surveillance type role. MDs at a 3rd tier were on low 6 figures.

Reply 11

Commercial Paper

Internal Finance for me.

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Reply 12

Ladbants

OP

Original post by Princepieman

In comparison to FO, it's decent aha. In comparison to almost everything else, it's quite solid.

Dude you are joking, right? £200000 is mind blowing as a salary, even after tax is deducted. Only a tiny amount of people earn more. It's not 'quite solid' it is fantastic

Reply 13

Original post by Ladbants

Dude you are joking, right? £200000 is mind blowing as a salary, even after tax is deducted. Only a tiny amount of people earn more. It's not 'quite solid' it is fantastic

yep it's pretty mind blowing afaic, anything above £150000 is "WOW"

Reply 14

Original post by Ladbants

Dude you are joking, right? £200000 is mind blowing as a salary, even after tax is deducted. Only a tiny amount of people earn more. It's not 'quite solid' it is fantastic

Depends on your perspective I guess.

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Reply 15

Commercial Paper