Finance #MiddleOffice #CareerAdvice
Hey there, fellow newbie in the finance world! 🎓💰
I recently transitioned from a quant analyst role into a CX research position at a major bank, and I’m feeling a bit of the "middle office inferiority" vibes. Ever since I started, I’ve been hearing my colleagues talk about breaking into the sell side and how being in research might limit their options.
Here are some thoughts on how to navigate this situation and potentially turn it into an opportunity:
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Understand Your Value: While sell side roles are often glamorized, the middle office is a critical part of the financial ecosystem. Your research skills can provide valuable insights to support decision-making.
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Network: Connect with colleagues from different departments to gain a better understanding of the overall banking landscape. Building relationships can open up new opportunities and perspectives.
- Continue Learning: Take advantage of training programs or certifications related to finance to enhance your knowledge and skill set. This can help you feel more confident in your current role and explore potential career paths.
Remember, it’s normal to feel overwhelmed when transitioning into a new industry. Take it one step at a time, and don’t be afraid to seek guidance from mentors or career advisors. You never know, this middle office gig might just lead you to unexpected success! 😉🚀
How do you all deal with feeling inferior or underestimated in your roles? Let’s share our experiences and support each other in this journey! 🌟 #CareerGrowth #JobSatisfaction #LearningOpportunities
You definitely didn’t make a mistake doubling your salary. Absolutely nothing wrong with MO or BO. Comparison is the thief of joy.
Nah your manager is just a loser lol, who says shit like that to their employees
You doubled your income, congrats! Your manager is only one of your resources, speak to other leaders to get their opinions so you can shape your own.
Nothing wrong with MO, and doubling your salary is always a good thing.
I would say the biggest difference in compensation is that front office individual contributors and senior leaders can both make big money, while in middle office only senior leadership cashes those checks (and there are relatively few of those jobs). Still, working MO in a large bank you’re doing far better than the median household income basically anywhere in the US… as others have said comparison is the thief of joy.
Learn the industry, build your network, do solid work, enjoy making some money while you’re young, and go from there. Careers all seem very linear when you’re 23, but by the time you’re 40 and looking back it turns out very few of them actually play out that way.
Back office wants to be middle office
Middle office wants to be sell side
Sell side wants to be buy side
Buy side wants to be a more prestigious part of the buy side
This is life in finance
I’m in sales now, and while it’s not financial sales, I’m considering taking a significant pay cut just to get into a branch that will give me opportunities to eventually switch to a middle or back office position.
Different people like different things, some people want the excitement of sales and the possibility of huge windfalls. I just want a consistent job that allows me to take advantage of my strengths and isn’t constantly pushing for more, more, more.
If you don’t have personal aspirations to land a sell-side role, who cares that the people you work with couldn’t lol
You doubled your salary, congrats man that’s awesome take that win
yes it was a mistake to make more money. better off quitting
Sounds like you got the try hard group of bo/mo.
BO and MO is a pretty sweet gig if you treat it as a job and not their whole entire personality.