Anyone work in JPM/GS/Morgan Stanley back office before?

Originally Posted by Unregistered

may i know if gs ops is good? i just got offered after only 1 phone interview and it sounds dodgey...

Grad program or no? The grad program pays 5k & has AC typically (unless someone reneged, doubt they are still hiring)

Originally Posted by Unregistered

Grad program or no? The grad program pays 5k & has AC typically (unless someone reneged, doubt they are still hiring)

hello yes, i have graduated in may this year. the compensation package is 60k/year and i was offered after a phone interview with a senior associate.

Been at GS in a non FO role and left to join FO at a lesser bank, please just do no join the ops programme. Yes they pay decent but you will prob stop progressing at VP rank with stagnating pay and no chance to move. Even worse, the work i find extremely boring - the ones I worked with are helping with automating some trading processes and thrs so much red tape that this process has been dragging on like forever. As other posters mention, would probably even be better to join a local bankFO...

Originally Posted by Unregistered

Grad program or no? The grad program pays 5k & has AC typically (unless someone reneged, doubt they are still hiring)

The juniors who conduct the behavioral interview really cmi. I cannot take them seriously.

Originally Posted by Unregistered

Been at GS in a non FO role and left to join FO at a lesser bank, please just do no join the ops programme. Yes they pay decent but you will prob stop progressing at VP rank with stagnating pay and no chance to move. Even worse, the work i find extremely boring - the ones I worked with are helping with automating some trading processes and thrs so much red tape that this process has been dragging on like forever. As other posters mention, would probably even be better to join a local bankFO...

so you're saying local bank FO > gs ops??? lol pui, gs ops is the best bro

Originally Posted by Unregistered

so you're saying local bank FO > gs ops??? lol pui, gs ops is the best bro

Agree bro.. go front office for what? I prefer to tell girls I meet on tinder I’m from goldman.

Got laid 3 times just doing that lol

Originally Posted by Unregistered

Agree bro.. go front office for what? I prefer to tell girls I meet on tinder I’m from goldman.

Got laid 3 times just doing that lol

lol same. girls don't know wtf is FO BO but they know goldman :P

VP Operations in Goldman is really good just how many can reach SVP FO? Still think that the weakness of local banks capital markets is the lack of major new listings plus major M&A still need the BB banks to be the main underwriters. Therefore difficult to reap fast progression.

Where does business analyst fall under? BO?

Originally Posted by Unregistered

Where does business analyst fall under? BO?

Yes BO. If you don’t face clients you are BO. Another way to tell is to just see your salary. Front office gets 8-9k for markets and 10-11 for IB (this is first year analyst) salary.

If you’re BO - maybe 5k max 6k