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Anybody an operation analyst at a bank?

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  • Apr 19th, 2017 5:09 pm
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[OP]
Newbie
Sep 21, 2016
46 posts
4 upvotes

Anybody an operation analyst at a bank?

What do you guys do on a daily/ how many hours on average do you work per week? What is the salary like? For those working in the product operations group within a big 5 bank, how much accounting/finance is related to your job responsibilies? Is a cpa / CFA useful for the job?
1 reply
Newbie
Jan 15, 2017
48 posts
48 upvotes
Am not in operations, but frequently deal with ops.

1) Salary for an analyst/entry level is likely $40-55k until you reach manager.
2) Ops tends to have a reputation of clock-in, clock out. This means mostly 9-5, 8-4, etc...
3) People in ops who get the CFA usually get it with the aim of moving out of ops. In general, you will gain knowledge from the CFA that will be useful, but is likely overkill for most Ops jobs.
4) Most responsibilities are fairly repetitive (e.g. regular reporting), or process improvement related - there is ever present risk of automation and rationalizations on the operations side - potential for outsourcing, or just moving to suburbs. Most ops jobs I know deal with Excel and database tools heavily. Skills in vba, sql, programming, pivot tables, etc are in high demand.

Typical downside of operations is that you rarely get credit for success. At best, you didn't things mess up. But conversely, the jobs tend to be less stressful and more reliable.

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