QuoteOriginally posted by: flyingponyQuoteOriginally posted by: LucasMikebad news - IPV is always back office...to give you some background: as the name suggests - it is Independent from FO - as a function IPV runs daily, monthly and quarterly pricing of the financial instruments to verify that the prices (or models and inputs for exotics) supplied by FO are correct.it's mostly a boring job - especially at junior levels as you have to be at least senior VP (actually, rather director) to challenge FO and have a good conversation with themof course - forget learning anything about trading / strategies - your job is to verify some prices / inputs / models - you don't make money for the bank, you just check if the data is correct Thanks for the clarification. In terms of careers progression, is there any possibility to move from this IPV (although the job specification suggests itself quant analyst...)to front office quant role. I am indeed a junior level candidate....This job is even more back office than the back office, and more often than not, its separated from the from office by a continent or two. If you have little to no experience, this is a great way to get exposure to the products and pricing (assuming you have no better offers). Otherwise, I wouldn't recommend taking it, and it will probably be outsourced to India/Singapore/Poland/Brazil in a year or two.