Front Office Vs Back Office
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Nowadays front office and back office are terms most bandied around in investment banking which is what this article focuses on.
Front office vs back office. In investment banks the relationship between the front and back office is a slightly different kettle of fish. The front middle and back office are a dated concept and if you re thinking in those terms you work for a bank with cultural issues says one senior banker. The front office of an investment bank is the division that makes the bank money that is it brings home the bacon as someone said.
Nowadays you re all in it. The front office has sales and marketing departments whereas the back office has the admin department finance and accounting department hr department warehousing etc. The main responsibility of the front office is to generate revenue and also increase the revenue of the company whereas the others s duty is reducing the overall costs for.
Front office activities include those that directly connect to customers or clients such as marketing sales service and support. The front office the middle office and the back office. It serves clients both individuals and corporates directly offering them financial products that they can buy.
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