This is fairly accurate. Ive interned and worked on automation projects in the middle office and currently work full time in the post trade operations (back office). Now in my case the salary is ~20% better than the one listed in this video. Additionally, most of the staff in the middle office were people who started in the mo itself and in off cases back office and more rarely front office.
Can u suggest some good courses in wealth management to pursue which can lead us to investment banking firms. I am into wealth management but in AMC and I want to shift into investment banking. Plus Will pgdm in finance be a better option for a person who wants to make their career in wealth management?
Good question, some jobs but not all. The ones that will remain are ones or parts of the job where human interaction and opinions are important. The verification, calculation and reporting will definitely disappear soon
AS-Salam I'm currently working as back office in fixed income settlement for OTC Derivatives (IRS and CDS) in Citi bank Can you please confirm that the salary I earn is permissible as per Islam.
Walakum salaam.i would say generally yes but at the same time working with products directly linked to interest e.g. IRS. I always stayed away from those products.
This is fairly accurate. Ive interned and worked on automation projects in the middle office and currently work full time in the post trade operations (back office). Now in my case the salary is ~20% better than the one listed in this video. Additionally, most of the staff in the middle office were people who started in the mo itself and in off cases back office and more rarely front office.
What will be wealth managers consider in investment banking? Will they be considered front office? Is there huge scope in wealth management?
Its FO and tbh its a pretty chill FO role as well. Theres a good scope in it as long as youre good at communication and building relationships.
Can u suggest some good courses in wealth management to pursue which can lead us to investment banking firms. I am into wealth management but in AMC and I want to shift into investment banking. Plus Will pgdm in finance be a better option for a person who wants to make their career in wealth management?
Thanks for making this video
Will AI will able to replace middle office operations?
Good question, some jobs but not all. The ones that will remain are ones or parts of the job where human interaction and opinions are important. The verification, calculation and reporting will definitely disappear soon
AS-Salam
I'm currently working as back office in fixed income settlement for OTC Derivatives (IRS and CDS) in Citi bank
Can you please confirm that the salary I earn is permissible as per Islam.
Walakum salaam.i would say generally yes but at the same time working with products directly linked to interest e.g. IRS. I always stayed away from those products.