Investment Banking Front Office & Back Office (KEY DIFFERENCES You NEED to Know!)

[@AfzalHussein]

Get FREE access to my 'Creating the Perfect Investment Banking CV/Résumé' in-depth course here: skl.sh/3eMerCG Get FREE access to my ‘Investment Banking Divisions Explained’ in-depth course here: skl.sh/2BLIKLE

[@surajkumarsingh5815]

Qa

[@trevormaina9093]

I hope u meant 22 hours a week😂

[@SlyChase72]

Great video, Can you please record a video covering the separate divisions within the front & back office

[@AfzalHussein]

Thanks! Sure!

[@chris1806]

@@AfzalHussein Hi, where can i find these videos ? I work in Audit, what tips can you give me before i movie into Industry?

[@sagorikabagchi2221]

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!

[@patrickgold3616]

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.

[@poornimagk5918]

That's a great video.. would like to watch videos on divisions in detail.

[@LitTalkNetwork]

Timestamps are a good touch. Keep up the great work

[@AfzalHussein]

Thanks bro!

[@LitTalkNetwork]

@@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

[@AfzalHussein]

Good shout. Added to the list :)

[@estelle3381]

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!!

[@javiersobrino7113]

Please video on the different divisions for the front office!

[@Dockmark5]

yes, please do a video on the different divisions at goldman! I'm really struggling to find my fit. thanks for the consideration

[@AfzalHussein]

Hey! If you're 18-24 years old and interested in securing career opportunities at the world's best companies visit: greatness.company.

[@jaipatel4113]

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!

[@AfzalHussein]

Thank you, JP. Will do 👍🏼

[@jaday_a]

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.

[@AfzalHussein]

Hey! Thank you. I'll create a more extensive video soon. Thanks for watching :)

[@burnsie123]

That was Great! Would definitely like to watch videos on all the sub-divisions etc!

[@AfzalHussein]

Thanks, Mate!

[@Leo-ss2jx]

Can you make a video on how much cocaine yall do? 22 hour days?!

[@AfzalHussein]

Hahah! I did an Instagram poll on this. 123 people voted in favour and 18 people voted against...

[@Leo-ss2jx]

@@AfzalHussein it's settled then haha!

[@mybp5]

Thank you, Mr. Afzal. Thank you, thank you, thank you, sir.

[@AfzalHussein]

My pleasure!

[@khursm5796]

Mate, that’s some great insights from you! Love your content! Keep up the work, and we shall be liking and sharing these videos ✊

[@AfzalHussein]

Thanks! That's really kind of you! :)

[@danifof]

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

[@AfzalHussein]

Hey! For sure, will do :) Thanks for the suggestion.

[@waynefmj]

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

[@raghavmahajan7812]

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.

[@AfzalHussein]

Apologies, it's been manic. It'll be in the pipeline. Sorry!

[@luismarriot586]

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?

[@AfzalHussein]

Will do :)

[@gojeta1999]

Just saw your LinkedIn post on spring week workshop. Hoping to be one of the 10. Great video as always

[@AfzalHussein]

Hey, be sure to email me on [e-mail] if you haven't done so already :)

[@mayurpathak7401]

wait wait wait, did he just say 22 hours a day.... I guess sleep is for the weak then!

[@AfzalHussein]

:')

[@kristanxavier3922]

Loving your content mate! Would love a video about the different divisions in Investment Banking.

[@estherjoseph1415]

Can you make a video about career paths for introverts or more reserved persons in banking and finance, please.

[@sebastianoparillo]

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

[@AfzalHussein]

Thank you for your feedback. Will add that to the list :)

[@jimg4059]

Your newest video is getting some serious attention. Great work man!

[@tashigurung1255]

Please do a video on Different Divisions within the front and the back office.

[@brainsandbeauty2832]

Afzal is such a cool guy

[@makhananisithole7934]

Hey, please also do a video on the different divisions in both front & back office? Or rather, have you already uploaded such a video?

[@sinmiloluwaokunade3820]

I enjoyed this video. Thanks, Afzal.

[@AfzalHussein]

Thanks for watching!

[@reezvi394]

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!

[@aliyormuminov6006]

please do a video on the separate divisions within back office and front office. Thank you

[@mouador]

Thank you Afzal, keep going, Good luck 👍🏻

[@AfzalHussein]

😊👊🏼

[@alaataktokani8884]

I like your videos man , keep up the good work

[@AfzalHussein]

Thanks!

[@AfzalHussein]

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!

[@SamuelHuertaC]

Please make the video mentioning the divisions of the back and the front, kind regards

[@arpitgupta8977]

please make a separate video on front & back office

[@georginaudoji8289]

Please, could you a separate video of the back office

[@kritikhanna2679]

please create a video about middle office and trade life cycle for us bonds also

[@rishabhrajkumarjain9977]

Nice informative video, please make a video on different desks in an IB

[@valorboyd1175]

Please make a video on the different offices of the front office

[@parisfrance4963]

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?

[@AfzalHussein]

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.

[@AfzalHussein]

Thanks for the detailed comment! :)

[@aakashpandya6766]

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 ?

[@sachinsharma-kg3ds]

Thank you, Mr Afzal If it's possible could you make a video on M&A and private equity?

[@domihof97]

Loved the video! Have you made one on the difference between buy-side and sell-side?

[@AfzalHussein]

Thanks! I haven't yet, but that's going right onto the list. Thanks! :)

[@rhyssharp9673]

I- is that Nathan Adrian?

[@MrHugoTaz]

Great content!! Thank you very much. Greetings from Brazil.

[@keatongroom]

Please do a vid on the different divisions 🙏👊

[@brijinjacob6710]

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.

[@waynefmj]

Awesome video mate

[@kirank8940]

Make separate video on front office and back office.

[@lilianabarros5085]

Please go ahead with that’s… thanks lot❤

[@KP_City_Life]

What are the linked back office roles to front office roles? Is there a list of who matches where?

[@hamim6799]

Great video! Can you say how much a back office investment banker earns please

[@alexkelly9290]

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!

[@diamondluck4833]

We wanna see a clip about divisions in front and back office.

[@tomcoyle6520]

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

[@LILB33623]

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!

[@seigemain]

hey how was the engineering process to goldmans?

[@habibbialikafe339]

Thanks, great channel, will definitely recommend

[@nsrao4513]

Short and simple..

[@zzzbro5136]

It would be great mate! Just discovered the channel, Love ur contents ✌🏻

[@AfzalHussein]

Thanks! :)

[@SlyChase72]

What is Operation roles within an Investment Bank !!!

[@rajkatabar7300]

Sir plz do videos on different divisions of fo and bo

[@ahmedabdelmoneim7461]

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 .

[@pramanayagam4629]

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 :)

[@hahahahaha3553]

Great video! Thanks.

[@AfzalHussein]

Thank you! :)

[@chrisarroyo5411]

Great video, do you think you can do a further analysis on the different roles between front and back office?

[@AfzalHussein]

Thanks! Added to the list :)

[@janakagrawal4261]

you have amazing videos here !!!! thx man !!

[@jean-pierreviri8498]

Can you do another video specifically on investment banking

[@AfzalHussein]

Will do :)

[@zfarooq915]

Can you do a video about what traders are doing all day

[@AfzalHussein]

Thanks for the suggestion. It's on the list :)

[@AndrewL31413]

I want to see the video!

[@mayolladias]

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)

[@TheWorldofSam]

Does anyone know if corporate and workplace solutions is back office or middle office?

[@tejaswinikhandekar441]

Hi Can you create a video on investment banking, distressed debt department of Goldman Sachs Please 🥺

[@kb2444]

50k soon come bro!!

[@AfzalHussein]

🙌🏽🙌🏽💪🏽💪🏽

[@Charlie0311]

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?

[@imliao8635]

Can you explain IWM, AM and PB?

[@iyshak5373]

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?

[@musranxaan1591]

Can you transition from back office operations analyst position to a front office role ?

[@estiquerid]

Please details of front and back office opérations Gond video😉😍👍

[@s.r.4218]

Which experience did you make with the tax department of GS etc?

[@joelmoeketsi3324]

Nit gonna lie back office seams way more appealing to me

[@Gumas550]

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?

[@rachkashyap]

What's the Marquee team? Is it part of front office or back office?

[@AfzalHussein]

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!

[@Jay-bq6pz]

Is pay between front and back office significantly different?

[@amjadsahmrani717]

Yeah please do a video

[@suguna7145]

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...

[@nancicicade8568]

is it possible for people to switch their careers to investment banks from other industries? for example, people without financial working experience at all.

[@Doge4555]

No

[@AL-tl7ov]

independent price verification (IPV) is operation?

[@Gummmirice]

Great video Afzal! How do Boutique's fit into the scene? Do they specialise in some division?

[@AfzalHussein]

Thanks! Will have to do a video on this topic. Short answer is 'yes'.

[@gmoneyb5559]

Aren’t managed funds kind of a joke? When you can get better returns with an etf like SPY or VOO?

[@pierer5559]

Do you think that clients no longer paying for research affects research analysts salaries?

[@AfzalHussein]

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.

[@hanabisenju9051]

Quick question: 22hrs a day????

[@george52066]

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

[@jayjayf9699]

Alot of people say that operations has no career progression but you say that after a few years they can move to front office?

[@Doge4555]

Yes when you are 60

[@ujvlogs1787]

Yes do it

[@davontawilliams3958]

Do a wealth management video and I’m not talking about asset management.

[@snapamericancandy_p3892]

Wat degree did u do akh

[@vincentnnyc]

Do you still work for Goldman Sachs or another financial firm or you a full time youtuber now?

[@kushal4484]

Hey Afzal thanks for you series on IB. I have been working for the past 5 years in a research role at a financial data company (almost a whale in the space). But I'd like to move to IB. I'm a CFA L3 Candidate and I'd like to know that apart from straight out of Uni under-grads do other people in different roles stand a chance of getting into IB. What kind of a gap in experience would one face? And is an MBA now the only (read almost only) way of getting in. Also do you think an internship after 5 years is something I should consider to break into IB. please make a video from the perspective of post-UNI Hopefuls. Thanks & Cheers!

[@AfzalHussein]

Hey! Pleasure. Congrats on passing CFA Levels 1 and 2. So many 1st, 2nd and 3rd year analysts (i.e. those who graduated and spent 1, 2 or 3 years working) often move into IBD. It helps to have a strong IBD skillset and know the technicals to a high standard as you'll be competing with students who have a strong sense of knowledge around IBD. Sometimes, you have to take a few steps back in order to move forward and so you could consider doing an internship, securing an offer, and then moving forward at the graduate level. However, have this option as a last resort. Before you decide, ask yourself why you want to go into IBD. Network and talk to people in the role/industry, etc. Will do a vid in due course :)

[@hazelplays6891]

plz make a video