Need Advice on IB & Consulting Urgently !

Originally Posted by rampa001

Yes I meant doing operations in a Investment Bank.....actually looking at my peers and based on what I've heard It's really hard to get into other departments without a strong Finance background (My Masters is a general management degree with one module on corporate finance) and I don't have a CFA (not even lvl 1). I also don't have previous work ex in programming / software modelling either . So what i thought was to get into the Bank first via Operations where I kind of have a chance (I thought !) then work on a CFA or something later ?? any ideas are most welcome....Thx

hello,

i wouldn't encourage you to take up an Operations role in a BB or IB. it is not "worth" to do this after you have done a Masters.

diploma holders can also get into Operations in a BB or IB. and guess what? your starting pay will most likely be on par with them.

can you speak well? if you are charming, maybe you can take up a Sales-related role in the big banks. doesn't sound glamorous but pays well in the long run. i am not talking about selling commercial cards, but rather, Sales in terms of Sales and Trading.

good luck.

Originally Posted by Unregistered

hello,

i wouldn't encourage you to take up an Operations role in a BB or IB. it is not "worth" to do this after you have done a Masters.

diploma holders can also get into Operations in a BB or IB. and guess what? your starting pay will most likely be on par with them.

can you speak well? if you are charming, maybe you can take up a Sales-related role in the big banks. doesn't sound glamorous but pays well in the long run. i am not talking about selling commercial cards, but rather, Sales in terms of Sales and Trading.

good luck.

The general misconception towards operations/back office on here makes me laugh. Show me (through linkedin or anything) where you have an operations analyst in a bulge bracket with only a diploma. I work at a bulge bracket in institutional sales and trading and I have never ever seen my BB hire someone in an ops analyst role without a bachelors. This holds true both in Asia and in the US. Further, I recall seeing someone mention that you need "no technical expertise" in back office functions. I lol'd. I work with back office guys everyday in some form or other (they're all great guys by the way) and I can safely assure you many of them have much in depth technical expertise. We're not talking about simple excel formulas or data manipulation here...you'll find people who are fully proficient in C++/MATLAB/R/Python/etc etc in the back office. These are people who work with proprietary mathematical algorithms day in and out...yet you say these roles require no technical expertise. lol.

And by the way, back office in a bulge bracket pays pretty well relative to similar roles and jobs in other industries. Higher level back office executives bring in ALOT of money every year relative to other industries too.

That is all.