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Old 03-06-2021, 04:54 PM
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Unfortunately, not necessarily true on both counts as well (at least in the context of BB investment banks, can't say for commercial or local banks). The lateral to FO happens in all BO/MO, as long as you can show the FO interviewers within the group you know what they are about. It's "easier" only if you're exposed to what they are doing: A clearing, client onboarding or technology person can just as well go into FO (Have seen a lot of cases), because they knew how desk pnl worked, how trades would be cleared (a very important point for high frequency trading/prime brokerage clients) etc. You can build connections with the desk to increase your chances; and as per mentioned, some BO like technology / client onboarding talk to FO a lot more than your vanilla trade support roles.

Salary wise, again, I didn't see any noticeable difference on both sides. Neither did my colleagues. I was sometimes lower in your "MO", sometimes higher in "BO". Can't say I know fully how compensation is attributed across teams, but pretty sure they don't give a bigger pie to MO over BO, simply because in these BBs, the bosses do not really care.
Care to share your YOE and comp?

Anyway I’m not sure which BB you are in, but most BBs here have their BO situated outside of CBD and tbf only MO roles like risk and trade support are actually on the same floor/building as the FO folks.

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