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    So I go to a good uni but I'm not really interested in working in a front-office role like IBD, unlike all my friends who do. I'm more interested in market risk.

    Is it weird/unusual/stupid to want to work in middle office? Am i being not aspirational enough?
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    (Original post by serions871)
    So I go to a good uni but I'm not really interested in working in a front-office role like IBD, unlike all my friends who do. I'm more interested in market risk.

    Is it weird/unusual/stupid to want to work in middle office? Am i being not aspirational enough?
    No, it's not. In fact more people should because I'm certain those gunning for FO just for the sake of it being FO, are the ones that will probably not have much success in the recruitment process.

    Do what you enjoy mate.

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    (Original post by serions871)
    So I go to a good uni but I'm not really interested in working in a front-office role like IBD, unlike all my friends who do. I'm more interested in market risk.

    Is it weird/unusual/stupid to want to work in middle office? Am i being not aspirational enough?
    Risk is also a massively growing part of banking with a lot of new jobs being created. You like what you like, don't worry about what others want to do.
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    Not really no. There is loads of legal and compliance/regulatory type work which has seen an increase in hiring and the salaries are decent
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    No it's fine, OP. Lots of people apply for middle office roles and not all of them are front office rejects.

    Anyone know what comp is like for analysts in market risk or middle office in general?
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    (Original post by faston2k16)
    No it's fine, OP. Lots of people apply for middle office roles and not all of them are front office rejects.

    Anyone know what comp is like for analysts in market risk or middle office in general?
    It's around £42000 for an analyst (not sure whether that's for analyst 1,2 or 3) and £64000 for an associate and £100000 for a VP
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    (Original post by Trapz99)
    It's around £42000 for an analyst (not sure whether that's for analyst 1,2 or 3) and £64000 for an associate and £100000 for a VP
    Deffo An 1

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    (Original post by faston2k16)
    No it's fine, OP. Lots of people apply for middle office roles and not all of them are front office rejects.

    Anyone know what comp is like for analysts in market risk or middle office in general?
    Middle office should be a noticeable discount from FO in terms of bonuses, back office even more of a discount.



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    I'm with you OP, I have no interest in FO, I'd prefer a slightly higher level of job security, and the roles that really stimulate me lie in compliance and risk.
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    (Original post by jxh499)
    I'm with you OP, I have no interest in FO, I'd prefer a slightly higher level of job security, and the roles that really stimulate me lie in compliance and risk.
    Risk/compliance isn't a secure job either lol
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    I didn't say it was. But it's certainly more secure than an M&A analyst
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    good to hace direction, whatever that may be
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    (Original post by jxh499)
    I didn't say it was. But it's certainly more secure than an M&A analyst
    Sorry to bang up an old thread but it's not more secure, risk jobs are some of the first to go
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    (Original post by Trapz99)
    Sorry to bang up an old thread but it's not more secure, risk jobs are some of the first to go
    Since when?

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    What does a risk job entail? Ik what FO M&A is about but what about risk? Is that like business performance?


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    (Original post by Foji)
    What does a risk job entail? Ik what FO M&A is about but what about risk? Is that like business performance?


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    Depends on the type of risk: credit, market or operational.

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    (Original post by Princepieman)
    Depends on the type of risk: credit, market or operational.

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    Okay market?


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    (Original post by Foji)
    Okay market?


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    They basically make sure the traders aren't exposing the bank to too much risk. All of it is centred around calculating VaR throughout the day for a specific desk using models and then keeping an eye on how the traders are trading with respect to their individual VaR limits.



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    (Original post by Foji)
    Okay market?


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    They calculate the risk taken on by traders on each day. It's pretty repetitive stuff, I still wonder why a computer program can't just do it
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    (Original post by Ladbants)
    They calculate the risk taken on by traders on each day. It's pretty repetitive stuff, I still wonder why a computer program can't just do it
    a computer does do it
 
 
 
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