Originally Posted by gettoasty
You'll probably learn more in back office at an entry level finance gig than being the front man. Front man does the selling. Back office supplies the front with the knowledge and expertise, the updates, the ins and outs of what is going on now, data analysis/illustrations, and at the CFA level, perhaps even reallocating and moving funds.
None of that is true.
In back office, you make sure that money is routed where it's supposed to go. You make sure that confirmations are faxed.
Middle office makes sure that what you have booked matches what your counterparts has booked.
Neither supplies any knowledge of expertise except for - 'hey, how late can I settle Yen today?'
People have made the jump from middle office to front office. But it's the connections and chance to demonstrate that you're a good guy / hard worker. In this environment, there is zero chance of that. Zero.
Originally Posted by Khayembii Communique
It's a marathon, anyways, so if I don't get anything now then I can just keep doing stuff that improves my resume and experience until I do. Eventually someone will bite.
Khayembii, banking and a top-tier MBA are both very unlikely at this point. You just don't have the GPA (or GPAs since you did two undergrads).
I'd recommend two things - get an accounting degree and work for a big firm. Do well there and jump to a rating agency. Do well at the rating agency and jump to an asset manager. I've seen that a few times and think its the best option at this point.
Something else to look at, though this is also dying off - an inter dealer broker like ICAP or Prebon. Those guys make good money and don't require a specific background.