Difficulty of obtaining PWM FT position?
(Baboon, 163
Points)
on 8/25/09 at 2:59pm
So I attend a top target and see a bunch of listings for PWM (JPM, MS, etc.) and was wondering how difficult it is to obtain one of these positions? I understand it's not as hard as IB but I dont know much about PWM and it seems like lots of kids get these internships in their freshman/sophomore year. So, what are they looking for and how difficult is it to get a FT offer?





These "internships" after
These "internships" after fresh/soph year are almost always nothing more than unpaid shadowing for a regional financial planner. These are very, very easy to get.
Some, but not all, of the big shops have structured Summer Analyst (after junior year) and Analyst (full-time) programs, with big campus recruiting efforts, training programs, bonuses, etc. These jobs can be competitive to extremely competitive, depending on the program.
I wouldn't say it's as competitive as a lot of IB programs, but it's definitely no cake walk to get into the top ones.
I hate PWM
I hate PWM
competitive to extremely competitive PWM programs
Supermonkey which PWM analyst programs would you classify as competitive or extremely competitive?