"Back Office Positions" <- What does that mean?

[Terp2014]

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Back office people keep the firm running. They are accountants, HR people, MIS folks and so on. They make very good livings relative to people doing these jobs in other places on the whole and have much better lifestyles than ‘front office’ people.

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<p>Thanks hmom5. What do the people in Operations (at these Financial firms) do? Like do they do all the grunt work for a deal or something? I’m more of a behind the scenes guy, so something on these lines is really appealing for me.</p>