Choosing the Wrong Part of the Office

From Neil Bodoff

Researchers have discovered, in the broader corporate landscape, that greater financial rewards accrue to the “line managers” who run a business unit and have responsibility for Profit and Loss; on the other hand, corporate (or “support”) functions such as HR, Legal, etc, receive comparatively less money, prestige, and influence. An acute example occurs on Wall Street, where there is a significant difference between “front office” [traders] and “back office” [risk management, etc]. So if actuaries are going to focus on working in risk management, are they relegating themselves to a position of secondary influence?

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Explore posts in the same categories: Compensation, Enterprise Risk Management, ERM, Risk Management

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