Quote:
Originally Posted by Unregistered
Oh and be the way, there really isn't a middle office. It's very popular term but FO really refers to IB and capital markets while everything else is BO or corporate functions.
MO is a term concocted by a few ego-butthurts who couldn't get into FO but instead got some risk compliance and decided that they were MO but they are really just BO roles.
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I have been hearing this a lot lately. So roles like credit/market risk analyst.. would you consider them BO roles? A number of my banking friends do. Curious about the compensation as well. I heard it's typically about 4k+ so kinda makes it clear that aside from FO roles, the rest of the roles are about 4k+??