Nor me. Mine makes several $mm a year, sits on various boards of directors, talks to investors and analysts and is likely the next CEO (often happens). Could you be more front office?
Ok here is my definition / breakdown: FO: Dealing with clients MO: Analysis BO: Support But I am well aware that in many firms the MO is just part of the FO.
Viceroy Wrote: ------------------------------------------------------- > Ok here is my definition / breakdown: > > FO: Dealing with clients > > MO: Analysis > > BO: Support > > But I am well aware that in many firms the MO is > just part of the FO. Where does trading fall?
Just curious, does Research generate a lot of revenue? While it is classified as FO, I always thought it did not really generate revenue, but maybe I am mistaken.
Research is no way middle office. Has anyone here actually worked in an investment bank?!
Did you actually read the posts above? Who said Research was MO?
There are a few totally clueless people on this board who have said “research is back office” The problem with anonymous forums is that you have people with no credentials post as if they know if all, when actually, they could be finance undergrad students w/ zero experience. Yes research can generate revenue couple ways. One, it can drive commission sales, if a client talks to a research analyst for a while and gets convinced of the firm’s story, the client will get directed to the sales team to execute. Or the client will pay directly say at the end of the year some amount, say $20k directly for access to mgmt, direct talks with research, road shows… etc
research analysts can make millions if they are respected in their industry
pacmandefense Wrote: ------------------------------------------------------- > also, BO is where they stashed most of the > minorities i hate this term merely because it is not decriptive enough without knowing the context…for example a minority basketball player is different from a minority investment FO … i will assume you meant blacks, females left handed albino midgets etc since asians/indians are not a minority in finance
THACHARTER Wrote: ------------------------------------------------------- > Although I was not a fan of the BO I was making > over 100k at age 26 at my last job working as a > fund acct. My new job is a bit of a hybrid of > accounting and research so I get to experience the > FO now as well. sorry man but i gotta call BS on this one… i work for an AM firm providing advice to our institutional clients who invest in our funds. I recently helped a 25 year old family friend get a job in fund accounting and he rakes in a whopping 40k. Maybe you work for the worlds best paying fund in NYC or something, but ive never heard of anyone making 100k to doing fund accounting. or maybe you were doing a slightly different role. Regardless i don’t want people out there thinking you will make 6 figures in the back office because it is unlikely.
cjs238 Wrote: ------------------------------------------------------- > THACHARTER Wrote: > -------------------------------------------------- > ----- > > Although I was not a fan of the BO I was making > > over 100k at age 26 at my last job working as a > > fund acct. My new job is a bit of a hybrid of > > accounting and research so I get to experience > the > > FO now as well. > > sorry man but i gotta call BS on this one… i > work for an AM firm providing advice to our > institutional clients who invest in our funds. I > recently helped a 25 year old family friend get a > job in fund accounting and he rakes in a whopping > 40k. Maybe you work for the worlds best paying > fund in NYC or something, but ive never heard of > anyone making 100k to doing fund accounting. or > maybe you were doing a slightly different role. > Regardless i don’t want people out there thinking > you will make 6 figures in the back office because > it is unlikely. ^^^^Six figures in the BO is very common in AMs and large banks.
cjs238 Wrote: ------------------------------------------------------- > THACHARTER Wrote: > -------------------------------------------------- > ----- > > Although I was not a fan of the BO I was making > > over 100k at age 26 at my last job working as a > > fund acct. My new job is a bit of a hybrid of > > accounting and research so I get to experience > the > > FO now as well. > > sorry man but i gotta call BS on this one… i > work for an AM firm providing advice to our > institutional clients who invest in our funds. I > recently helped a 25 year old family friend get a > job in fund accounting and he rakes in a whopping > 40k. Maybe you work for the worlds best paying > fund in NYC or something, but ive never heard of > anyone making 100k to doing fund accounting. or > maybe you were doing a slightly different role. > Regardless i don’t want people out there thinking > you will make 6 figures in the back office because > it is unlikely. Word - fund accountants at my firm make 40-60k, managers in the area 70-90 tops.
LBriscoe Wrote: ------------------------------------------------------- > cjs238 Wrote: > -------------------------------------------------- > ----- > > THACHARTER Wrote: > > > -------------------------------------------------- > > > ----- > > > Although I was not a fan of the BO I was > making > > > over 100k at age 26 at my last job working as > a > > > fund acct. My new job is a bit of a hybrid of > > > accounting and research so I get to > experience > > the > > > FO now as well. > > > > sorry man but i gotta call BS on this one… i > > work for an AM firm providing advice to our > > institutional clients who invest in our funds. > I > > recently helped a 25 year old family friend get > a > > job in fund accounting and he rakes in a > whopping > > 40k. Maybe you work for the worlds best paying > > fund in NYC or something, but ive never heard > of > > anyone making 100k to doing fund accounting. > or > > maybe you were doing a slightly different role. > > > Regardless i don’t want people out there > thinking > > you will make 6 figures in the back office > because > > it is unlikely. > > > ^^^^Six figures in the BO is very common in AMs > and large banks. Peep game nephew: http://www.glassdoor.com/Salaries/fund-accountant-salary-SRCH_KO0,15.htm
cjs238 Wrote: ------------------------------------------------------- > THACHARTER Wrote: > -------------------------------------------------- > ----- > > Although I was not a fan of the BO I was making > > over 100k at age 26 at my last job working as a > > fund acct. My new job is a bit of a hybrid of > > accounting and research so I get to experience > the > > FO now as well. > > sorry man but i gotta call BS on this one… i > work for an AM firm providing advice to our > institutional clients who invest in our funds. I > recently helped a 25 year old family friend get a > job in fund accounting and he rakes in a whopping > 40k. Maybe you work for the worlds best paying > fund in NYC or something, but ive never heard of > anyone making 100k to doing fund accounting. or > maybe you were doing a slightly different role. > Regardless i don’t want people out there thinking > you will make 6 figures in the back office because > it is unlikely. That’s right. I’ve NEVER heard of anyone doing fund accounting making anywhere close to that kind of money. I know people who got started out below 40K in fund accounting. Another one of my friends has been working in BO for 4 years and he is making like 45K. You gotta be some kind of superstar fund accountant to be clearing 100k, but then again you wouldn’t be a fund accountant if you were that good.
I make 6 figures in the back office doing accounting work so it is possible especially if he is in New York
wake2000 Wrote: ------------------------------------------------------- > I make 6 figures in the back office doing > accounting work so it is possible especially if he > is in New York What is your title wake, you balling son of a b!tch?
LBriscoe Wrote: ------------------------------------------------------- > cjs238 Wrote: > -------------------------------------------------- > ----- > > THACHARTER Wrote: > > > -------------------------------------------------- > > > ----- > > > Although I was not a fan of the BO I was > making > > > over 100k at age 26 at my last job working as > a > > > fund acct. My new job is a bit of a hybrid of > > > accounting and research so I get to > experience > > the > > > FO now as well. > > > > sorry man but i gotta call BS on this one… i > > work for an AM firm providing advice to our > > institutional clients who invest in our funds. > I > > recently helped a 25 year old family friend get > a > > job in fund accounting and he rakes in a > whopping > > 40k. Maybe you work for the worlds best paying > > fund in NYC or something, but ive never heard > of > > anyone making 100k to doing fund accounting. > or > > maybe you were doing a slightly different role. > > > Regardless i don’t want people out there > thinking > > you will make 6 figures in the back office > because > > it is unlikely. > > > ^^^^Six figures in the BO is very common in AMs > and large banks. It’s only common once you get promoted past associate, and by then you’re usually over 30+. I call BS on this guy, says he’s age 26, fund accounting, making over 100k. A good friend of mine worked in BO of Goldman. At Goldman (one of the big salary payers even BO) as an analyst in fund accounting you definitely don’t make 100k. max 70-80k with bonus in a decent yr, so you do this for at least 3 years If you make associate around year4, you may start to approach 100k in a good year, but wont break. You do associate for a while, could be 4-7 years. Once you make VP, then yes you make 100k, but by then you’re over age 30.
Jcole is an underrated mc
jcole21 Wrote: ------------------------------------------------------- > wake2000 Wrote: > -------------------------------------------------- > ----- > > I make 6 figures in the back office doing > > accounting work so it is possible especially if > he > > is in New York > > > What is your title wake, you balling son of a > b!tch? Lateralled in from elsewhere. 4th year in the game so you could label me a baller I reckon
100th post FTW.