[H.JJJ]

Hey

Managed to get an analyst position with db

While the role I have taken is a BO role ( + elements of MO), is anyone here in any BO or MO roles? What are you experiences in the role?

What are chances of progression like within the bank you are with? (by progression i don't mean to FO roles - I'm not cut out for that kind of thing and I don't really have an interest as of now)

Does anyone here know people that have moved from BO/MO to FO? While I don't really have an interest at the moment, if the opportunity arises, I wouldn't mind trying my chances there as an Associate or even Analyst position.

Seeing as someone is going to ask anyway:

[iPodTunes]

(Original post by H.JJJ)
Hey

Managed to get an analyst position with DB in their eCommerce team, which will lead to FX specialist in their Birmingham offices.

While the role I have taken is a BO role ( + elements of MO), is anyone here in any BO or MO roles? What are you experiences in the role?

What are chances of progression like within the bank you are with? (by progression i don't mean to FO roles - I'm not cut out for that kind of thing and I don't really have an interest as of now)

Does anyone here know people that have moved from BO/MO to FO? While I don't really have an interest at the moment, if the opportunity arises, I wouldn't mind trying my chances there as an Associate or even Analyst position.

Seeing as someone is going to ask anyway: Aston Uni, 2:1 in International Business and Economics

You're probably on around £19-25k and in a regional office. The FO won't even recognise you, you won't even have a close relationship with them but rather someone for them to throw **** to.

[PrincePauper]

You will be having a relationship with the desk especially if you are in MO... but not for BO... even MO finds them annoying TBH...

[DeeDub]

I work in MO.

Working in a regional office your opportunities are probably quite limited (however I wouldn't write off the benefits of living and working outside of London). It could be valuable experience. You should be conscious of the reasons why banks often locate roles outside of London.

The reason is because of cost and the banks feels they will be able to fill the vacancies with adequate staff. More specialist jobs (not just in FO but in MO and BO) which will give you greater experience and exposure remain being located in London due the pool of potential employees.

Thus, starting in a regional office can be valuable experience but it is likely that the work will be quite process driven and systems based. What I mean by this is that you could be very good at your job but you might not by learning skills which you could transfer to a different role but rather skills and knowledge with narrow scope I.e. only useful for your current job. Your challenge is to identify when you are reaching this point and looking for a career move.

[H.JJJ]

(Original post by DeeDub)
I work in MO.

Working in a regional office your opportunities are probably quite limited (however I wouldn't write off the benefits of living and working outside of London). It could be valuable experience. You should be conscious of the reasons why banks often locate roles outside of London.

The reason is because of cost and the banks feels they will be able to fill the vacancies with adequate staff. More specialist jobs (not just in FO but in MO and BO) which will give you greater experience and exposure remain being located in London due the pool of potential employees.

Thus, starting in a regional office can be valuable experience but it is likely that the work will be quite process driven and systems based. What I mean by this is that you could be very good at your job but you might not by learning skills which you could transfer to a different role but rather skills and knowledge with narrow scope I.e. only useful for your current job. Your challenge is to identify when you are reaching this point and looking for a career move.

Understood. They did say that the job could be transfered to London due to more able employees, but I think it's my foot in the door to MO BO roles.

I agree about the skills only being applicable to the role. I'll slowly try to venture into different areas related to my role to understand the wider picture when I have gained a foothold for my actual role. Hopefully that may open new doors and new contacts as a result.

Thanks for the useful post. Mind if I ask what part of MO you operate in and which bank?

EDIT: Just read your sig. Are you located in BarCap's offices in London or a regional one?

[DeeDub]

(Original post by H.JJJ)
Understood. They did say that the job could be transfered to London due to more able employees, but I think it's my foot in the door to MO BO roles.

I agree about the skills only being applicable to the role. I'll slowly try to venture into different areas related to my role to understand the wider picture when I have gained a foothold for my actual role. Hopefully that may open new doors and new contacts as a result.

Thanks for the useful post. Mind if I ask what part of MO you operate in and which bank?

EDIT: Just read your sig. Are you located in BarCap's offices in London or a regional one?

I work in London in Structured/Exotic Rates.

[H.JJJ]

(Original post by DeeDub)
I work in London in Structured/Exotic Rates.

Hello again!

Apologies on reviving a dead thread, but are you given a chance to obtain any professional qualifications (CFAs, PRINCE2 etc)?

I know many analysts on qualifications in London offices, but am I right in thinking that regional office employees don't get that same privilege?

[i_hate_teeth]

(Original post by H.JJJ)
Hey

Managed to get an analyst position with DB in their eCommerce team, which will lead to FX specialist in their Birmingham offices.

While the role I have taken is a BO role ( + elements of MO), is anyone here in any BO or MO roles? What are you experiences in the role?

What are chances of progression like within the bank you are with? (by progression i don't mean to FO roles - I'm not cut out for that kind of thing and I don't really have an interest as of now)

Does anyone here know people that have moved from BO/MO to FO? While I don't really have an interest at the moment, if the opportunity arises, I wouldn't mind trying my chances there as an Associate or even Analyst position.

Seeing as someone is going to ask anyway: Aston Uni, 2:1 in International Business and Economics

My bottom bitch started out in the MO at JPM, she now works in Sales, she graduated from Westminster University.

[KLL]

(Original post by H.JJJ)
Hello again!

Apologies on reviving a dead thread, but are you given a chance to obtain any professional qualifications (CFAs, PRINCE2 etc)?

I know many analysts on qualifications in London offices, but am I right in thinking that regional office employees don't get that same privilege?

it might actually be different for you in DB birmingham. A headhunter told me that DB are building up FO operations in birmingham, related to sales mainly. SO you might be supporting them. This will also give you more of a chance to move FO, albeit in Birmingham.

[PoorRichBoy]

(Original post by KLL)
it might actually be different for you in DB birmingham. A headhunter told me that DB are building up FO operations in birmingham, related to sales mainly. SO you might be supporting them. This will also give you more of a chance to move FO, albeit in Birmingham.

This is correct. They have small FO S&T desks in Birmingham.

[DeeDub]

(Original post by KLL)
it might actually be different for you in DB birmingham. A headhunter told me that DB are building up FO operations in birmingham, related to sales mainly. SO you might be supporting them. This will also give you more of a chance to move FO, albeit in Birmingham.

(Original post by PoorRichBoy)
This is correct. They have small FO S&T desks in Birmingham.

Yeah a recruitment agent called me talking about Structuring jobs for DB in Birmingham. I have my suspicions though that these jobs will not actually be FO i.e. little to no client interaction, and are likely to more supporting structuring teams based in London. I might be wrong though.

(Original post by H.JJJ)
Hello again!

Apologies on reviving a dead thread, but are you given a chance to obtain any professional qualifications (CFAs, PRINCE2 etc)?

I know many analysts on qualifications in London offices, but am I right in thinking that regional office employees don't get that same privilege?

I am doing the CFA programme funded by company. I don't know of anyone in regional UK offices also doing it.

[PoorRichBoy]

(Original post by DeeDub)
Yeah a recruitment agent called me talking about Structuring jobs for DB in Birmingham. I have my suspicions though that these jobs will not actually be FO i.e. little to no client interaction, and are likely to more supporting structuring teams based in London. I might be wrong though.



I am doing the CFA programme funded by company. I don't know of anyone in regional UK offices also doing it.

I think they're just small-cap desks for small/medium clients to be honest. Obviously pay won't be anywhere good as London but it's still good experience especially if they sponsor candidates to do CISI qualifications and gain the vital FSA CF30 Approval haha.

Which recruiters called you by the way? I think Robert Walters dominate the field for DB in Birmingham..

[H.JJJ]

(Original post by PoorRichBoy)
I think they're just small-cap desks for small/medium clients to be honest. Obviously pay won't be anywhere good as London but it's still good experience especially if they sponsor candidates to do CISI qualifications and gain the vital FSA CF30 Approval haha.

Which recruiters called you by the way? I think Robert Walters dominate the field for DB in Birmingham..

Correct. RB currently recruit for Db, although I've been told by friends currently working there that Db will not be extending their contract with them in 3 months time.

Regarding FO roles, Db is currently advertising for traders. Job outline according to the internet is

Key Responsibilities:
SALES
*Sales and origination of flow products and Deutsche Bank platforms
*Analysis of client requirements and generation of trade ideas
*Preparation of pitches and marketing materials
*Transaction management of trades including follow ups with different functions within Deutsche Bank
TRADING
*Pricing and risk management for vanilla and exotic products
*Execution of trades and hedging of associated positions
*Generation of Trading ideas/strategies
*Building quantitative models and automation tools for pricing/reporting
*Monitoring risk reports and supporting trading platforms
STRUCTURING
*Preparation of generic and tailored marketing materials (presentations, emails, product guide sheets), scenario analysis, back-testing.
*Indicative pricing of trades using Deutsche Bank proprietary pricing tools
*Preparing term sheets
*Market analysis and trade idea generation /product development

You will have:
*A strong academic background from a good university
*Knowledge of financial products and markets
*Excellent communication skills
*Strong interpersonal and relationship building skills
*Knowledge of Microsoft Office

Similar to anyone doing sales in London?

EDIT: Cheers for answers on the CFA's. I start tomorrow and I'll bring it up during induction.

[PoorRichBoy]

(Original post by H.JJJ)
Correct. RB currently recruit for Db, although I've been told by friends currently working there that Db will not be extending their contract with them in 3 months time.

Regarding FO roles, Db is currently advertising for traders. Job outline according to the internet is

Key Responsibilities:
SALES
*Sales and origination of flow products and Deutsche Bank platforms
*Analysis of client requirements and generation of trade ideas
*Preparation of pitches and marketing materials
*Transaction management of trades including follow ups with different functions within Deutsche Bank
TRADING
*Pricing and risk management for vanilla and exotic products
*Execution of trades and hedging of associated positions
*Generation of Trading ideas/strategies
*Building quantitative models and automation tools for pricing/reporting
*Monitoring risk reports and supporting trading platforms
STRUCTURING
*Preparation of generic and tailored marketing materials (presentations, emails, product guide sheets), scenario analysis, back-testing.
*Indicative pricing of trades using Deutsche Bank proprietary pricing tools
*Preparing term sheets
*Market analysis and trade idea generation /product development

You will have:
*A strong academic background from a good university
*Knowledge of financial products and markets
*Excellent communication skills
*Strong interpersonal and relationship building skills
*Knowledge of Microsoft Office

Similar to anyone doing sales in London?

EDIT: Cheers for answers on the CFA's. I start tomorrow and I'll bring it up during induction.

The only thing I don't like about RW is the pay they offer you, is it still between £21-24k by anychance because that's what a few of my friends were offered for trade support roles.

[H.JJJ]

an update for those on this thread:-

Been exactly a month now. It's not great. The work is mindless and dull. I have no interest or motivation in it whatsoever - resulting in mistakes being made. As a result of changes in the department, my chances of specialist role are not going to happen.

Don't want to leave in my first month, might stick it out for 3-6 months, just so the date is long enough for it to look like a worthwhile mention on my CV.

[PrincePauper]

(Original post by H.JJJ)
an update for those on this thread:-

Been exactly a month now. It's not great. The work is mindless and dull. I have no interest or motivation in it whatsoever - resulting in mistakes being made. As a result of changes in the department, my chances of specialist role are not going to happen.

Don't want to leave in my first month, might stick it out for 3-6 months, just so the date is long enough for it to look like a worthwhile mention on my CV.

Looks like youre not going to start liking it any time soon. Why dont you apply for grad and off cycle roles?

[H.JJJ]

(Original post by PrincePauper)
Looks like youre not going to start liking it any time soon. Why dont you apply for grad and off cycle roles?

Haha, couldn't agree more about not going to enjoy this job. I am applying for grad schemes where possible though.

[goku90]

(Original post by H.JJJ)
Haha, couldn't agree more about not going to enjoy this job. I am applying for grad schemes where possible though.

H.JJJ when you got your offer did you try to negotiate for a MO role? I've heard quite a lot of people do this and they at least get an interview for their desired position.