Investment Banking Front Office & Back Office (KEY DIFFERENCES You NEED to Know!)
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- เผยแพร่เมื่อ 28 มิ.ย. 2024
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TIMESTAMPS:
00:44 Why it's important to know the differences
01:17 Front office
01:44 Back office
02:26 Work/life balance in the front office vs back office
03:04 Front office hours vs back office hours
03:50 Divisions and business within the front office and back office
05:08 The asset management division
05:54 The markets (sales & trading) division
06:31 The investment banking division
08:02 The private banking division
08:37 The research division
09:10 The operations division
09:57 The human resources division
10:09 The finance division
10:29 The audit division
10:42 The legal division
10:50 The compliance division
11:39 Summary and suggestions
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Qa
I hope u meant 22 hours a week😂
Great video, Can you please record a video covering the separate divisions within the front & back office
Thanks! Sure!
@@AfzalHussein Hi, where can i find these videos ? I work in Audit, what tips can you give me before i movie into Industry?
Hey! If you're 18-24 years old and interested in securing career opportunities at the world's best companies visit: greatness.company.
I‘ve go through almost all of your video hahaha, they are quite useful and let me know exactly what I want from investment banks, thank you!!
Loving your content mate! Would love a video about the different divisions in Investment Banking.
Great video! In my experience, back office at Goldman has never been 8-6 on a regular day. It is definitely not a 22 hour day but roughly around 11-13!
Mate, that’s some great insights from you! Love your content! Keep up the work, and we shall be liking and sharing these videos ✊
Thanks! That's really kind of you! :)
That's a great video.. would like to watch videos on divisions in detail.
yes, please do a video on the different divisions at goldman! I'm really struggling to find my fit. thanks for the consideration
Your newest video is getting some serious attention. Great work man!
I would love a video going into detail on the investment banking division. What your role is in an entry-level role vs an associate position, what kind of analysis you do, what skills you need to develop etc.
Please feel free to like, comment and share this video so more students can benefit from its content! :) Oh, and SUBSCRIBE too for weekly videos every Wednesday!
Hey Afzal, great videos mate! Would definitely love hear about the different divisions within the front and back office. I am particularly interested in the M&A division. I know that's not your area of expertise, but appreciate if you could make a separate video on that. Cheers!
Thanks, great channel, will definitely recommend
That was Great! Would definitely like to watch videos on all the sub-divisions etc!
Thanks, Mate!
you have amazing videos here !!!! thx man !!
What a brilliant channel!!! I would love if u could make a video going into greater detail about these divisions. Thanks and please keep up this amazing work!
Thank you, JP. Will do 👍🏼
Great content!! Thank you very much. Greetings from Brazil.
Awesome video mate
Please video on the different divisions for the front office!
Thank you, Mr. Afzal. Thank you, thank you, thank you, sir.
My pleasure!
Thank you Afzal, keep going,
Good luck 👍🏻
😊👊🏼
Great video! Thanks.
Thank you! :)
Hi Afzal, another incredibly useful video and valuable insight! I am soon to attend a 'super day' in London for the Internal Audit division and was wondering if you could give me any advice as to what the interviewers are looking for, or perhaps break down what part the audit team plays in the firm as the information given on the company website is somewhat limited. Thanks again for the great content and advice!
Nice informative video, please make a video on different desks in an IB
I enjoyed this video. Thanks, Afzal.
Thanks for watching!
Hey Afzal, Your video is very helpful ! I thank you for doing a great job helping everyone else ! I had a question about Research division in front office as I am looking forward to work in the same. May I request you to do a detailed video on Research division ? also, how are the working hours and work life balance in research division ?
I like your videos man , keep up the good work
Thanks!
Just saw your LinkedIn post on spring week workshop. Hoping to be one of the 10. Great video as always
Hey, be sure to email me on info@afzalhussein.com if you haven't done so already :)
It would be great mate! Just discovered the channel, Love ur contents ✌🏻
Thanks! :)
Great Video 👍 thank you so much for sharing your knowledge.
Could you please advise project manager in investment bank comes under front office or back office.
please do a video on the separate divisions within back office and front office. Thank you
Hey, please also do a video on the different divisions in both front & back office? Or rather, have you already uploaded such a video?
Timestamps are a good touch. Keep up the great work
Thanks bro!
@@AfzalHussein Would be great if you could make a video in the future about what is required to move from e.g. a legal role to a more investment focused role. What kind of skills should one be self-educating themselves on to make this transition etc
Good shout. Added to the list :)
Hey, I really appreciate the kind of initiative you’re taking in explaining all these things which are always in doubt for most students. Please, make the video on various back end department (especially data resources group of IB) as it is very urgent and I am applying for an internship in that department. I sincerely hope you will help me out ASAP.
Apologies, it's been manic. It'll be in the pipeline. Sorry!
Hi Afzal, you are doing great and useful videos, thank you! I really would like to see a video in which you explain in a deeper way the differences among divisions. I am in particular interested in risk, investment banking, markets and operations divisions
Thank you for your feedback. Will add that to the list :)
A description of roles within back and front office would be great! Could you also touch on industry groups and product groups within an IB?
Will do :)
Please do a video on Different Divisions within the front and the back office.
Thank you, Mr Afzal
If it's possible could you make a video on M&A and private equity?
Hi Afzal,
absolutely love your channel. I'm currently in my last year of my bachelor's studies and would like to get a m&a intership somewhere but I'm not sure how I should/could prepare best for it or if I should complete any other internships first in order to prepare for m&a. What do you think would be most beneficial for me in order to prepare well?
This video was so insightful! Thank you so much for sharing!
Would you be able to go over the Finance division (back office) in an Investment banking please.
Hey! Thank you. I'll create a more extensive video soon. Thanks for watching :)
Please do a vid on the different divisions 🙏👊
What is the skills should be with the first year student wants to take an internship in investment field or investment banking tede and sales sector . Thanks a lot for your awesome videos .
Afzal is such a cool guy
Thanks for Sharing the insight of enterprise system and services, would it possible to share a separate thoughts for back office alone. Explanation for back office is not detailed as front office :)
Honestly, front-office client-facing my ass.
Why you Should work Middle/Back-office: work a very respectable job, focus on being self-driven and get a couple nice promotions under your belt, get some management experience, work with people that actually enjoy their job and colleagues, maintain a healthy work:life balance while not going bald with 12-18+ hr workdays, pursue your passions on side hustles + develop your own business ventures on the side
please create detailed video on the separate divisions of front office, middle office, and back office and also tradelife cycle
do many people use research roles as a springboard to enter into another job in the same company in order to gain some more knowledge in a certain field
Please make a video on the different offices of the front office
Can you make a video about career paths for introverts or more reserved persons in banking and finance, please.
Hello Afzal, thank you for the video. Could you please go into more detail later about the Technology department in investment banking? The work-life balance, the average salary, how does it compare to a traditional technology company? Thank you very much
Hey! For sure, will do :) Thanks for the suggestion.
Great video, do you think you can do a further analysis on the different roles between front and back office?
Thanks! Added to the list :)
Please make the video mentioning the divisions of the back and the front, kind regards
Short and simple..
please make a video on different roles in front office
I want to see the video!
please make a separate video on front & back office
Loved the video! Have you made one on the difference between buy-side and sell-side?
Thanks! I haven't yet, but that's going right onto the list. Thanks! :)
I- is that Nathan Adrian?
Can you do a video on the technology division. I’m currently in the interviews process for engineering at Goldman. Your videos are incredibly helpful!
hey how was the engineering process to goldmans?
wait wait wait, did he just say 22 hours a day.... I guess sleep is for the weak then!
:')
Great video! Can you say how much a back office investment banker earns please
Barclays have a graduate scheme available just called 'graduate scheme' but they also have other grad schemes such as wealth management, m&a etc. Will I get to choose what division I go into or will they put me in a division?
Please go ahead with that’s… thanks lot❤
Can you transition from back office operations analyst position to a front office role ?
Is a business development role for M&A transactions a front office or back office role ? Because it's still sales but is that different to a sales analyst role?
Hi Afzal,
Just wanted to ask about Research Division. I've always been interested in EM Research since listening to Jeff Meli's Flip Side podcast from Barclays. I also read about MIFIDII impacting on research divisions. (Probably a no brainer)Do you think it is wise to rethink where I should be applying to considering regulation changes?
Thanks
Chris
please create a video about middle office and trade life cycle for us bonds also
What are the linked back office roles to front office roles? Is there a list of who matches where?
Sir plz do videos on different divisions of fo and bo
Hello brrother please make video on p&s team in investment banking, FI operations
Can you explain IWM, AM and PB?
Please, could you a separate video of the back office
Thank you for your videos, they are very interesting. I am a 1st year undergraduate student, studying economics in London. How it is called the department that issues debt? If a plan goes wrong apart from firing do you have any other responsibilities with the law?
Hey, thanks for your comment. The investment banking division's DCM (Debt Capital Markets) team is usually responsible for issuing debt. Although various other parts of an investment bank such as the asset management division or the securities (otherwise known as sales & trading) divisions are also involved in buying and selling debt to and from companies, governments, etc.
Thanks for the detailed comment! :)
Can you make a video on how much cocaine yall do? 22 hour days?!
Hahah! I did an Instagram poll on this. 123 people voted in favour and 18 people voted against...
@@AfzalHussein it's settled then haha!
Yeah please do a video
Make separate video on front office and back office.
Does anyone know if corporate and workplace solutions is back office or middle office?
We wanna see a clip about divisions in front and back office.
Is pay between front and back office significantly different?
What is Operation roles within an Investment Bank !!!
is it possible for people to switch their careers to investment banks from other industries? for example, people without financial working experience at all.
Hello.. Can you let me know instead of 3 separate divisions i.e, front, middle and back. Why cannot we have just one division?
(This was an interview question asked to me)
independent price verification (IPV) is operation?
Which experience did you make with the tax department of GS etc?
Great video Afzal! How do Boutique's fit into the scene? Do they specialise in some division?
Thanks! Will have to do a video on this topic. Short answer is 'yes'.
Please details of front and back office opérations
Gond video😉😍👍
Can you do another video specifically on investment banking
Will do :)
NYC.. video...actually I have been working in front office at private bank.i would like to move to back office...really I'm blank ..can suggest me idea...
Yes do it
50k soon come bro!!
🙌🏽🙌🏽💪🏽💪🏽
Hi
Can you create a video on investment banking, distressed debt department of Goldman Sachs
Please 🥺
Alot of people say that operations has no career progression but you say that after a few years they can move to front office?
Wat degree did u do akh
What's the Marquee team? Is it part of front office or back office?
Hey! Thanks for your question. Marquee is in essence a back office/middle office team of technologists focused on creating a platform that allows Goldman's clients greater access to the firm.
Everything you need to know is (hopefully) answered in this article:
news.efinancialcareers.com/uk-en/272629/goldman-sachs-marquee
Enjoy!
Aren’t managed funds kind of a joke? When you can get better returns with an etf like SPY or VOO?
Do you think that clients no longer paying for research affects research analysts salaries?
Potentially. Some firms specialise in research and so have more budget and allocation towards those salaries (these firms are usually smaller and boutique); some firms are the opposite. But yes, with MIFID II regulations this has been a common topic.
Can you do a video about what traders are doing all day
Thanks for the suggestion. It's on the list :)
Nit gonna lie back office seams way more appealing to me
Quick question: 22hrs a day????
Do a wealth management video and I’m not talking about asset management.