UK
Tag: Trade Support
GUEST COMMENT: I am coming to love my life in the middle office
There was a time when I wanted to be a trader. Ok, so I do still want to be a trader a little bit. However, I am currently working in a middle office credit role and I would like to make one thing very clear: this is an interested role. Working in the middle office, [...]
Post Kweku, it should still be possible to move out of the middle office
The combined efforts of Nick Leeson, Jerome Kerviel and Kweku Adoboli, each of whom used or appear to have used (it’s too early to say definitively in the case of Kweku) their knowledge of back office systems and processes to perpetrate rogue trades, all suggest one thing: no more moves out of the middle office [...]
Is this the perfect job for moving into the front office?
Someone, somewhere, is receiving multiple offers. According to the latest missive from recruiters Robert Walters, multiple offers are still happening in the world of ‘investment management finance.’ Here, there are not only loads of jobs and plentiful offers but people able to negotiate, “favourable packages.” In particular, Robert Walters says there’s an abundance of hiring [...]
JPMorgan: firing in the back office, hiring in prime brokerage
JP Morgan’s move to eventually eliminate 3,000 roles as it cuts its number of trading systems is an indicator of the harsh reality of how investment banks are cutting costs out of back office functions. In its annual investor day yesterday, Jes Stanley, head of JP Morgan’s investment bank, pointed to its Strategic Re-engineering Programme [...]
You should get a job after 2.5 interviews
On average, financial services candidates currently need to interview for 2.5 roles before receiving an offer. At least that’s the assertion of recruiter Marks Sattin, whose research suggests that 5 interviews generally elicit 2-3 job offers. “Obviously, this has to be put into context; if you’re not at all suitable for the role, candidates could [...]
Front office VP salaries are a lot higher than 98k
According to Astbury Marsden, salaries for VP-level staff in investment banks have risen to an average of 97.5k this year, up from 82.3k last year. However, these figures look a little low. Last year, we reported that front office salaries for VPs were anything up to 140k. One corporate finance headhunter tells us that his [...]
Unconventional origins of some Brevan Howard people show there is hope for all
Brevan Howard is known for being fairly secretive. Like many hedge funds, its website doesn’t divulge anything and it rarely talks to the press. However, the presence of 150 people purporting to work for Brevan Howard on LinkedIn provides a portal on its perfect employee. Unsurprisingly, there are plenty of Oxbridge graduates among them. Given [...]
REVIEW MY CV: I’m a senior middle office professional and I want to move into change management
I’ve been searching for a new role since May. I’m looking to do senior equity derivatives middle office roles or ‘change’/project/process improvement roles – still focused on equity derivatives. Can anyone give me some advice? PROFILE Head of Middle Office/Trade Support teams, risk aware, control focussed and proactive. A thorough knowledge of equity derivatives including [...]
Moving into front office investment banking mid-career, without an MBA
In order to do a top MBA, you need to be a) wealthy and b) optimistic. The London Business School is currently charging 49,900 for the privilege of studying its two year programme. INSEAD is charging €52,000 for one year. Harvard is recommending a budget of $79,000 for two terms if you’re single and $111,600 [...]
GUEST COMMENT: How this man made the transition from middle office trade support to front office trading
During my first few years of college, I was set on going to medical school and becoming a doctor – but I kept hearing about finance and investment banking from friends, and got a lot more interested in those over time. Like many others, I heard about the lavish lifestyle and money and wanted that [...]
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