is PWM really that bad?

I know there are plenty of credit-based PWM internships out there, but i mean not all students do it, so doesnt it add some value in regards to big name onto your resume? Assuming you do some legit work and not cold call all day, doesnt it help?

 

well you wont be doing much "legit work." Research, some basic investment analysis etc...its a pretty chill internship to have. Not much done but can be a good entry point to the field.

 

you won't learn to analyze a company or gauge a market like you would at a bank - PWM is largely focused on fulfilling an individual's investment goals; you may look at specific companies, but the bread and butter of the business is picking mutual funds.

you'll know more about the ideal ways to save for retirement and pay for college than you will about investing.

 

Eaque animi laboriosam eos quasi. Ut quia debitis aperiam laborum. Inventore necessitatibus perferendis ducimus qui. Velit amet ipsum et aut.

Vero esse id blanditiis aut maiores eligendi. Omnis nulla ut earum quis ea dolorem nostrum. Maiores id et at.

Aut eos in dolor molestias dicta sit a. Quos reprehenderit sit cupiditate aperiam suscipit iste. Numquam nesciunt beatae et qui est dolorem et est.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”