I have a couple of questions, if any one of you guys may be able to answer. 1. Is a middle office trading risk management job a good starting ground for a Level 3 candidate who wants to go into trading, but has only a little experience? 2. What is the average salary range to expect in this role? Thanks, TA05
1 – depends what your other options are. it’s way better than nothing. 2 – depends on location and your resume. call it 50-60 k average maybe.
You do hear of people moving from support functions to front office (Jerome Kerviel jumps to mind!), but it seems a roundabout way to do it if you ask me. You certainly run the risk of being stigmatised. Banks hire plenty of fresh-faced undergrads into trading and sales roles. How old are you? What’s your background?
I just turned 25. I am graduating with an MS Finance (4.0 GPA) and I have a year experience in fund accounting.
Risk management is a great step in my view. In all aspects it turns you away from backoffice to the real thing. Careerwise it’s quite a good deal.