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    Hi,

    I'm mainly looking at FO, but have a couple of MO stuff as back-up.

    Are the grad schemes in ops considered MO or BO? On the job descriptions they seem to have both back and middle office roles.

    Do you do your rotations, then end up BO or MO?

    Any good links or help on the matter is appreciated. I'm not really too clued up on MO and BO as I've previously pretty much focused on FO, but have ints coming up I need to prepare for in MO.
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    MO = BO, or at least in my opinion. I'll probably get hounded for this but there is no such thing as middle office operations. I worked on the trading floor one summer doing trade support. It was still back office, operations. I wasn't doing anything to make money, and I wasn't facing any clients. Maybe there are functions in operations that I don't know about?

    If anything counts as middle office it is risk management in my opinion, and the majority of risk work is still back office from what I've seen. Support and control functions zzzzzzzzz

    I guess it depends on what your definition of middle office is?
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    (Original post by The IC Guy)
    MO = BO, or at least in my opinion. I'll probably get hounded for this but there is no such thing as middle office operations. I worked on the trading floor one summer doing trade support. It was still back office, operations. I wasn't doing anything to make money, and I wasn't facing any clients. Maybe there are functions in operations that I don't know about?

    If anything counts as middle office it is risk management in my opinion, and the majority of risk work is still back office from what I've seen. Support and control functions zzzzzzzzz

    I guess it depends on what your definition of middle office is?
    Well middle office is front office support. Quite simply you are the link between front office and back office. Essentially you are there to take some workload off the back office, but more importantly to take stress off the traders, to leave them to focus on their P&L. For instance back office may need to find out about settlement dates, which isnt particularly important vs. a trade that may be wrong due to similar ticker etc. MO prioritise, try and resolve all issues without talking to traders.

    Proper middle office will include dealing with clients after sales, so there is some client facing activities.

    At MO you need to be very familiar with the trading systems too, and be sociable with traders, salespeople and BO.

    If you start in BO the chances of moving to FO are extremely sleek. However if you start in MO theres a chance, if you are very good. People on here might call bull****, but they're wrong, I know a lot of people who have done MO at BB's, then trader at smaller banks, then trader at BB's. Its hard to do, takes an extra couple of years, but one benefit I see is if you do 2yrs in MO first you get to learn your **** inside out first, so in my opinion it helps reduce a certain risk a trader faces in getting fired in their first 2 years/not getting taken on full time post grad scheme.

    Its not an ideal place to start if you want FO, but its better than nothing! Especially if its at a BB IB.

    What confuses me is when it comes to applying, they specify MO and BO roles, but when do you specialise? Saying Ops is like saying Corp Finance or S&T or Asset Management, its pretty broad.
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    (Original post by qwerty12345678)
    What confuses me is when it comes to applying, they specify MO and BO roles, but when do you specialise? Saying Ops is like saying Corp Finance or S&T or Asset Management, its pretty broad.
    I imagine after an interview/ac they will decide what exactly it is that you're suited for within the area that you applied to.
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    Middle Office is not considered Back Office because they allocate capital to different areas of the bank (both Risk and Finance do this) whereas Back Office doesn't deal with "decisions" but is more concerned with the actual "operations" of the bank.
 
 
 
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