QuoteOriginally posted by: DominicConnorThe FO/BO thing is an enormous distortion in the rational management of staff that doesn't really exist in any other industry.One thing that I like about capitalism is that for all its faults, it does correct rather rapidly. The focus on front office is something that pretty much everyone thinks is stupid, and it's in the process of correcting very rapidly. QuoteIt also means that career progression for many people is not becoming better in the type of work they are doing and for which they are most suited, but moving to an area where they will get paid much more, even if it means they are doing it less well because their talents are not properly aligned with their work.Again, things do correct.QuoteGood people (however you define that) will be very reluctant to take model validation or risk jobs, even at the start of their career, because they rationally believe that if you do MV, Risk, settlements et al, then your chances of moving "up", ie to FO are hurt. A good number choose to remain unemployed rather than take such jobs.This poses a big problem. The way that the system is correcting is taking an axe to front office and hiring massive numbers of people to beef up back office. That's where all of the hiring is happening right now. Also, looking at the way the financial system is restructuring, if you want rapid promotion, back-office is the place to be right now.