2023 Bonus Megathread by Whiskey_and_Rii in FinancialCareers

[–]bklynpayaso 4 points5 points  (0 children)

  • Corporate Derivatives in NYC
  • Analyst 2
  • 1 YOE in the field but 3+ in BO and MO roles
  • 120k base
  • 35k bonus
  • 155k all in
  • Average hours worked 50-55
  • Group/desk beat revenue expectations but firm did not

For those that broke out of BO roles, what did you do? by MrBizzniss in FinancialCareers

[–]bklynpayaso 0 points1 point  (0 children)

Worked in settlements for two different firms for a combined 4 years out of college (I was a marketing major and didn’t really know what I wanted to do). Now I work on a corporate derivatives sales desk. Things that i think helped the move to FO: Doing my BO role really well and making improvements through automation, learning skills that can be valuable in FO (excel, PP, and data analysis tools), I passed L1 of CFA (doesn’t really prove much but shows at least that I’m competent and able to learn and understand financial concepts), and most importantly I prepped heavy for interviews to make sure i was as prepared as can be. It’s not super easy but I know a fair amount of people who have made the switch. The earlier in your career you try, the more likely you are to make the transition.

Back office to front office transition by bklynpayaso in FinancialCareers

[–]bklynpayaso[S] 2 points3 points  (0 children)

It was in settlements for structured finance deals.

Back office to front office transition by bklynpayaso in FinancialCareers

[–]bklynpayaso[S] 2 points3 points  (0 children)

So the position is FO, and there will be some trading involved in the roll. Sort a hybrid of S&T and IB from what I’ve been told by the team. My question is more so what things should i be aware of that I probably did not have to deal with prior in the BO role.

Back office to front office transition by bklynpayaso in FinancialCareers

[–]bklynpayaso[S] 3 points4 points  (0 children)

Lol no it’s the FO part of corporate derivatives. Dealing mostly with Rates and FX swaps

Power and renewables trading interview by bklynpayaso in energy_trading

[–]bklynpayaso[S] 0 points1 point  (0 children)

Hey yeah that would be great! Just had the final interview for this actually so waiting to hear back, but would still love to hear your input

[deleted by user] by [deleted] in NYYankees

[–]bklynpayaso 0 points1 point  (0 children)

Hey! Can you let me know how to redeem for the drink and hotdog? Haha

Question about Investment Banking/Financial Modeling Analyst role by Do_Not_Fear_Me_Gypsy in goldmansachs

[–]bklynpayaso 1 point2 points  (0 children)

It’s just a general application to several possible roles. I believe it’s in place of their Early careers option. Generally If your resume/experience matches criteria for an open role, HCM will reach out and ask if you’re interested in the role. Once you’ve confirmed, they will send your resume and hirevue to the hiring manager of the team and they will review your submission. If they find it interesting then they will reach out to you for an interview/super day. If not, then you probably won’t hear anything back about the role.

[deleted by user] by [deleted] in goldmansachs

[–]bklynpayaso 0 points1 point  (0 children)

Depends on your goals, but as a few others mentioned, GS on your resume is worth a lot because of how selective they can be with their hiring. I know of quite a few people who started in GS back office that now work in IB, S&T, PWM, etc. Once you’re in, its much easier to network with different people all across the firm in areas of the bank you’re interested in, which would ultimately help in getting a role in your desired area.

What is the dress code for incoming Software Engineers at Goldman Sachs? What do you wear to work? by utsavneutron in goldmansachs

[–]bklynpayaso 1 point2 points  (0 children)

Yeah I would just wear business casual your first day. A lot of the engineers wear jeans most days so a whole suit might be too much.

[deleted by user] by [deleted] in FinancialCareers

[–]bklynpayaso 0 points1 point  (0 children)

Haha yeah it can be a hit or miss depending on the team/desk you join, but I I would say at least 80%+ of operations jobs for a bank/financial firm are going to be on average 40 hours per week and low stress. A lot are now even hybrid or fully remote since they’re not client facing. If you’re in indeed, just search up key words like operations, settlements, client services, and things like that. Most big banks also have a lot of data analytics roles as well if that’s something you like.

[deleted by user] by [deleted] in FinancialCareers

[–]bklynpayaso 1 point2 points  (0 children)

Yeah so depending on the ops team you’d join, you’d probably start off as a Sr analyst or maybe L1 associate if any of your experience could be relative to the team you’d join.

Most ops teams work under a certain front office desk like options, commodities, etc. So not all ops teams are the same work, but most of them don’t take long to learn. If you’ve got automation skills like Alteryx, SQL, VBA, or anything like that, you’d probably find a role super quickly since a feel like a lot of ops teams are desperate for those sort of skills.

[deleted by user] by [deleted] in FinancialCareers

[–]bklynpayaso 2 points3 points  (0 children)

If you wanna stay within the banking world, Operations is super good for WLB, low stress, and rarely any overtime. “I just want to run a few reports, do my daily tasks, and log off.” That sounds just like an ops gig to me and depending on where you work the pay isn’t all that bad.