Middle/Back office salaries?

ElWilson

So whats the top salary? Are there bonuses?

Salary - six figures typically the top with a sprinkling of sevens. Bonuses included in that.

Reply 4

Anyone point me in the direction of a source, or tell me themselves the difference between, front, middle and back office? In fact a brief description of what Investment Banking entails would be good as it seems popular and it can't just be for the money.... :rolleyes:

Reply 5

Investment banking - managing financial risk and servicing financial needs for clients who are typically large and require specialists.

Front office - client facing, revenue generating.
Middle office - in between front and back (typically risk managing or cost cutting)
Back office - not client facing, not revenue generating

You're still in school/college... I wouldn't worry about it very much/at all.

Reply 6

President_Ben

Investment banking - managing financial risk and servicing financial needs for clients who are typically large and require specialists.

Front office - client facing, revenue generating.
Middle office - in between front and back (typically risk managing or cost cutting)
Back office - not client facing, not revenue generating

You're still in school/college... I wouldn't worry about it very much/at all.

Cheers.

Like the idea of client interaction, I was also looking at Management Consultancy etc.

Last year of college and it seems compulsory for economics undergraduates to wet themselves about IB.

Thanks for the overview anyway.

Reply 7

http://www.careers-in-finance.com/ib.htm

Found this for anyone in the same position as me. Was quite informative.

120 hour week - no thanks.

Reply 8

DredgeReformist

http://www.careers-in-finance.com/ib.htm

Found this for anyone in the same position as me. Was quite informative.

120 hour week - no thanks.

Ha. That website is s***.

Reply 9

ElWilson

OP

14

Amen.

Would the hours be similar to the 120 hour front office hours?

Also, has anyone ever seen an employee profile in an IB of which their occupation was 'in-house lawyer' or another job title regarding law.

Cheers.

Reply 10

ElWilson

Amen.

Would the hours be similar to the 120 hour front office hours?

Also, has anyone ever seen an employee profile in an IB of which their occupation was 'in-house lawyer' or another job title regarding law.

Cheers.

Ok... 120 hours is about right in IBD if you are having a seriously rough week. Seriously (although, a lot of people have been having such rough weeks of late but that's because there's a lot of money to be made)

Front office positions on the trading floor are more like 60 a week (trading, sales, research).

And no, but I wouldn't look for it...

Reply 11

President_Ben

Ha. That website is s***.

Well obviously I don't any info to compare it to.

Apart from you I was told to "google it" so thats the result when you follow that helpful piece of advice.

Reply 12