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

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TIMESTAMPS:
00:44 Why it's important to know the differences
01:17 Front office
01:44 Back office
02:26 Work/life balance in the front office vs back office
03:04 Front office hours vs back office hours
03:50 Divisions and business within the front office and back office
05:08 The asset management division
05:54 The markets (sales & trading) division
06:31 The investment banking division
08:02 The private banking division
08:37 The research division
09:10 The operations division
09:57 The human resources division
10:09 The finance division
10:29 The audit division
10:42 The legal division
10:50 The compliance division
11:39 Summary and suggestions
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Пікірлер: 162

@AfzalHussein 4 жыл бұрын

@surajkumarsingh5815 3 жыл бұрын

@trevormaina9093 3 жыл бұрын

I hope u meant 22 hours a week😂

@SlyChase72 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

Thanks! Sure!

@chris1806 4 жыл бұрын

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

@sagorikabagchi2221 5 жыл бұрын

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!

@estelle3381 4 жыл бұрын

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!!

@patrickgold3616 4 жыл бұрын

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.

@AfzalHussein 4 жыл бұрын

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

@khursm5796 5 жыл бұрын

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 5 жыл бұрын

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

@kristanxavier3922 3 жыл бұрын

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

@Dockmark5 5 жыл бұрын

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

@jimg4059 5 жыл бұрын

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

@poornimagk5918 4 жыл бұрын

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

@habibbialikafe339 5 жыл бұрын

Thanks, great channel, will definitely recommend

@reezvi394 5 жыл бұрын

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!

@MrHugoTaz 4 жыл бұрын

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

@janakagrawal4261 5 жыл бұрын

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

@jaipatel4113 5 жыл бұрын

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 5 жыл бұрын

Thank you, JP. Will do 👍🏼

@burnsie123 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

Thanks, Mate!

@waynefmj 3 жыл бұрын

Awesome video mate

@javiersobrino7113 4 жыл бұрын

Please video on the different divisions for the front office!

@AfzalHussein 5 жыл бұрын

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!

@mybp5 4 жыл бұрын

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

@AfzalHussein 4 жыл бұрын

My pleasure!

@aakashpandya6766 5 жыл бұрын

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 ?

@gojeta1999 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

Hey, be sure to email me on info@afzalhussein.com if you haven't done so already :)

@rishabhrajkumarjain9977 5 жыл бұрын

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

@hahahahaha3553 5 жыл бұрын

Great video! Thanks.

@AfzalHussein 5 жыл бұрын

Thank you! :)

@mouador 5 жыл бұрын

Thank you Afzal, keep going, Good luck 👍🏻

@AfzalHussein 5 жыл бұрын

😊👊🏼

@sinmiloluwaokunade3820 3 жыл бұрын

I enjoyed this video. Thanks, Afzal.

@AfzalHussein 3 жыл бұрын

Thanks for watching!

@alexkelly9290 5 жыл бұрын

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!

@aliyormuminov6006 5 жыл бұрын

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

@alaataktokani8884 4 жыл бұрын

I like your videos man , keep up the good work

@AfzalHussein 4 жыл бұрын

Thanks!

@brainsandbeauty2832 3 жыл бұрын

Afzal is such a cool guy

@brijinjacob6710 3 жыл бұрын

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.

@raghavmahajan7812 5 жыл бұрын

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 5 жыл бұрын

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

@tashigurung1255 5 жыл бұрын

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

@zzzbro5136 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

Thanks! :)

@LitTalkNetwork 5 жыл бұрын

Timestamps are a good touch. Keep up the great work

@AfzalHussein 5 жыл бұрын

Thanks bro!

@LitTalkNetwork 5 жыл бұрын

@@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 5 жыл бұрын

Good shout. Added to the list :)

@nsrao4513 4 жыл бұрын

Short and simple..

@makhananisithole7934 3 жыл бұрын

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

@sachinsharma-kg3ds 4 жыл бұрын

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

@keatongroom 5 жыл бұрын

Please do a vid on the different divisions 🙏👊

@luismarriot586 5 жыл бұрын

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 5 жыл бұрын

Will do :)

@sebastianoparillo4132 5 жыл бұрын

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 5 жыл бұрын

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

@kritikhanna2679 2 жыл бұрын

please create detailed video on the separate divisions of front office, middle office, and back office and also tradelife cycle

@AndrewL31413 4 жыл бұрын

I want to see the video!

@Gumas550 5 жыл бұрын

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?

@jaday_a 5 жыл бұрын

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 5 жыл бұрын

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

@pramanayagam4629 5 жыл бұрын

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 :)

@valorboyd1175 5 жыл бұрын

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

@samueljesushuertacruz9470 4 жыл бұрын

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

@lilianabarros5085 Жыл бұрын

Please go ahead with that’s… thanks lot❤

@Leo-ss2jx 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

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

@Leo-ss2jx 5 жыл бұрын

@@AfzalHussein it's settled then haha!

@estherjoseph1415 4 жыл бұрын

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

@danifof 5 жыл бұрын

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 5 жыл бұрын

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

@arpitgupta8977 4 жыл бұрын

please make a separate video on front & back office

@saurabhkapoor5642 4 жыл бұрын

please make a video on different roles in front office

@amjadsahmrani717 4 жыл бұрын

Yeah please do a video

@ujvlogs1787 5 жыл бұрын

Yes do it

@tomcoyle6520 5 жыл бұрын

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

@kritikhanna2679 2 жыл бұрын

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

@ahmedabdelmoneim7461 5 жыл бұрын

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 .

@waynefmj 3 жыл бұрын

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

@LILB33623 5 жыл бұрын

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 3 жыл бұрын

hey how was the engineering process to goldmans?

@hamim6799 4 жыл бұрын

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

@rajkatabar7300 4 жыл бұрын

Sir plz do videos on different divisions of fo and bo

@domihof97 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

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

@rhyssharp9673 4 жыл бұрын

I- is that Nathan Adrian?

@chrisarroyo5411 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

Thanks! Added to the list :)

@mayurpathak7401 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

:')

@george52066 5 жыл бұрын

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

@Charlie0311 4 жыл бұрын

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?

@georginaudoji8289 Жыл бұрын

Please, could you a separate video of the back office

@kirank8940 5 жыл бұрын

Make separate video on front office and back office.

@SlyChase72 4 жыл бұрын

What is Operation roles within an Investment Bank !!!

@iyshak5373 5 жыл бұрын

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?

@diamondluck4833 5 жыл бұрын

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

@musranxaan1591 3 жыл бұрын

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

@imliao8635 4 жыл бұрын

Can you explain IWM, AM and PB?

@estiquerid 3 жыл бұрын

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

@KP_City_Life 2 жыл бұрын

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

@TheWorldofSam 2 жыл бұрын

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

@Jay-bq6pz 3 жыл бұрын

Is pay between front and back office significantly different?

@jean-pierreviri8498 5 жыл бұрын

Can you do another video specifically on investment banking

@AfzalHussein 5 жыл бұрын

Will do :)

@Gummmirice 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

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

@parisfrance4963 5 жыл бұрын

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 5 жыл бұрын

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 5 жыл бұрын

Thanks for the detailed comment! :)

@tejaswinikhandekar441 2 жыл бұрын

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

@kb2444 4 жыл бұрын

50k soon come bro!!

@AfzalHussein 4 жыл бұрын

🙌🏽🙌🏽💪🏽💪🏽

@AL-tl7ov 4 жыл бұрын

independent price verification (IPV) is operation?

@mayolladias Жыл бұрын

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)

@s.r.4218 3 жыл бұрын

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

@suguna7145 4 жыл бұрын

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...

@joelmoeketsi3324 3 жыл бұрын

Nit gonna lie back office seams way more appealing to me

@snapamericancandy_p3892 4 жыл бұрын

Wat degree did u do akh

@hazelplays6891 Жыл бұрын

plz make a video

@rachkashyap 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

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!

@zfarooq915 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

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

@pierer5559 5 жыл бұрын

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

@AfzalHussein 5 жыл бұрын

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.

@gmoneyb5559 5 жыл бұрын

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

@Doge4555 15 күн бұрын

I am in front office. Its brutal.

@hanabisenju9051 2 жыл бұрын

Quick question: 22hrs a day????

@nancicicade8568 Жыл бұрын

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 15 күн бұрын