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    Have a couple of questions about Operations division..
    I heard from a few that it is a badly-paid back office division with lots of work. is it all true?
    And also is there scope for a full-time employee in Operations to move to an MO or FO position?

    Cheers
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    It's badly paid compared to FO although the base starting salary is not too dissimilar. There is not lots of work to do, there is very little work and it is mainly administrative tasks. If you are on a full-time graduate program in Ops there is almost zero scope to move to FO, an internship in Ops could provide a decent foundation for a future FO application though.

    (imo)
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    i agree with most of what the IC guy said above though its not like theres 'very little' work to do!
    and its not badly paid unless you only want the job for the money....i know GS pay £33,000 and JP £31,000....
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    (Original post by The IC Guy)
    It's badly paid compared to FO although the base starting salary is not too dissimilar. There is not lots of work to do, there is very little work and it is mainly administrative tasks. If you are on a full-time graduate program in Ops there is almost zero scope to move to FO, an internship in Ops could provide a decent foundation for a future FO application though.

    (imo)
    Yup, i can vouch for this. :yep:
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    oh and one more q, how about the job security? if you are in operations, are you less likely to get axed than a trader or an M&A analyst?
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    (Original post by brighthw)
    oh and one more q, how about the job security? if you are in operations, are you less likely to get axed than a trader or an M&A analyst?
    Lots more security.
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    It's a great job. The hours aren't too bad, the pay is good, the security is better than most other roles, and the competition to get in isn't so bad. Just don't go into it if you want to be an investment banker.
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    (Original post by Bramlow)
    It's a great job. The hours aren't too bad, the pay is good, the security is better than most other roles, and the competition to get in isn't so bad. Just don't go into it if you want to be an investment banker.
    This. There's a huge glass ceiling between Ops and Front Office, it used to be a pretty normal transition, but now your chances are almost non existent.
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    (Original post by TheBrightShadow)
    i agree with most of what the IC guy said above though its not like theres 'very little' work to do!
    and its not badly paid unless you only want the job for the money....i know GS pay £33,000 and JP £31,000....
    Man.....even HSBC pay £33,000, cant be right, I thought GS pay well compared to others and JPM paying even less??? Where did u get these figures from
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    How about Technology division?
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    (Original post by anmani2005)
    How about Technology division?
    For HSBC or in general, I know citi £37,000 plus £6K sign on, BoAML £36K plus 6K sign on.........dont know HSBC....dont think they hire tech at grad level
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    (Original post by The IC Guy)
    There is not lots of work to do, there is very little work and it is mainly administrative tasks.

    (imo)
    I thought most decent sized ops depts had off-shored almost all the mundane admin stuff and now the focus was on things like projects and business change?
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    (Original post by circling the drain)
    I thought most decent sized ops depts had off-shored almost all the mundane admin stuff and now the focus was on things like projects and business change?
    I worked in trade support
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    (Original post by megaman1987)
    Man.....even HSBC pay £33,000, cant be right, I thought GS pay well compared to others and JPM paying even less??? Where did u get these figures from
    trust me, thats what it is :rolleyes: ....did think it was low but didnt think HSBC pay more

    just to ask you guys: does it make any difference at all who you work for with reference to GS or JP (in any way)? or is it the fact its ops make the choice irrelevant? advice appreciated.
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    The bank I work for has offshored some ops to india, yet have a nearshore ops dept also. This is a trend in at least 2 countries they're in. They handle things like document chasing etc, but also have business development units (my area)
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    (Original post by loggins)
    This. There's a huge glass ceiling between Ops and Front Office, it used to be a pretty normal transition, but now your chances are almost non existent.
    How feasible is the Ops to Consulting transition (a few years down the line)? Strategic or Operational consulting?
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    (Original post by theearthisflat)
    How feasible is the Ops to Consulting transition (a few years down the line)? Strategic or Operational consulting?
    Not something I know a huge deal about, but with work experience and an MBA from a top school, anything's possible.
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    ^ I think that's sound advice, but I would add that if you're playing the long game as it is, you might want to think beyond starting at a bank.

    If you work at a top Fortune 500 company on a grad-scheme, you can MBA and transition into whatever you want if you're good enough. You see a lot more people on MBA schemes from firms like Unilever, WPP, BP, etc - areas essentially unrelated to banking - than you do people from Ops.
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    After listening to several opts guys at Goldman complaining incessantly about hating their jobs and feeling dreadful every sunday night because work is the next day. I would really not recommend this at all. Bonus potential isn't anything to shout about (£4k anyone?)

    Each to their own. There was a guy who got into GS, did operations for a year and managed to get a way into trading somehow. Can be done, exceptionally rare case.

    But yep, an internship can lead to FO opportunities if you play your cards right.
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    (Original post by TheBrightShadow)
    trust me, thats what it is :rolleyes: ....did think it was low but didnt think HSBC pay more

    just to ask you guys: does it make any difference at all who you work for with reference to GS or JP (in any way)? or is it the fact its ops make the choice irrelevant? advice appreciated.
    well thats what HSBC are paying....looks like maybe they are paying competively...finally
 
 
 
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