Front/Middle/Back Office??? Investment, profile, someone, office, Office

wonderfuldream

Could someone please clarify the differences in front office middle office and back office in an Investment Management context.
Job profile/salary etc...

ajpheif16

FO generates the revenue for the firm.

MO and BO are jobs that DON'T generate revenue, but do work necessary for valuation, accounting, keeping the books. Essentially, these jobs just drain revenue, and don't bring any in.

hariRaj

^ That's silly.

Anybody who has been around awhile knows that good treasury, accounting, risk management, compliance, etc people are indispensible to running a successful business. Nobody with any sense thinks of those people as revenue drains.