Why the Disdain for Middle Office?
Recently, while attending a networking event, I mentioned my previous experience in middle office roles. Almost immediately, I noticed a shift in the atmosphere—people seemed to lose interest and quickly tried to change the subject. At first, I didn’t think much of it, but then I observed similar reactions in other social settings. Most notably during a recent interview for a Sales & Trading position, when I brought up my middle office experience, one of the interviewers let out an audible sigh. (Spoiler: I didn’t get the job.)
I’m really curious about why middle office roles carry such a stigma. Isn’t it a critical part of how banks and funds operate? My background is in trading operations, where tasks like position reconciliation and P&L reporting are essential.
So, is this perception of middle office a real issue? I’m starting to wonder if having operations experience on my resume is viewed negatively, and if I should consider removing it altogether, or am I just overthinking this?
One response
It’s unfortunate to hear about your experiences, as it sounds like you’ve gained valuable skills and insights while working in the middle office. There is often a stereotype around middle office roles, stemming from the perception that they are less glamorous compared to front office positions like trading or investment banking. Here are a few reasons why some individuals may look down on middle office roles:
Visibility: Front office roles often have direct revenue impact and are more visible within the organization. This can create a perception that middle office roles, which are more supportive and operational, lack the same level of importance.
Cultural Bias: In certain financial cultures, there’s a hierarchy that places front office positions above others. This can lead to an environment where middle office roles are undervalued, even though they are essential for the overall functioning of financial operations.
Misunderstanding of Value: Many people may not fully understand the critical nature of middle office functions. Your work in trading ops, for instance, involves crucial processes like reconciling positions and reporting P&L, which are foundational to the trading activity but may not be appreciated by those unfamiliar with the intricacies of the operations.
Career Trajectory Perceptions: Some might view middle office positions as a stepping stone rather than a destination, which can contribute to the notion that those who stay in such roles might not be as ambitious.
As for your resume, it’s vital to emphasize the transferable skills and insights you gained from your middle office experience. Highlight achievements, processes you improved, or any overlaps with front office functions to demonstrate that you have a well-rounded perspective. Instead of removing this experience, consider reframing it in a way that showcases its relevance to the roles you’re pursuing. Focus on the value your background brings to potential employers, especially in understanding risk, compliance, and operational efficiency.
Ultimately, don’t let the stigma discourage you. Many successful professionals have started in the middle office and have transitioned successfully into front office roles. Your experience is valuable, and with the right framing, it can support your move into more client-facing or revenue-generating positions in the future.