Best Response

I'm assuming you're talking about Morgan Stanley. If you're worried about loan officers and tellers, you need to do your research. Morgan Stanley, Merrill Lynch, and UBS are all about the same in terms of their environment (ML has a little more retail bank feel as of late), and they're the top 3 PWM firms in the country (not including private banks here).

the short answer is MS is the biggest PWM firm in the country and like the other 2, a high quality shop. additionally, you need to do your research. transamerica is an insurance/retirement firm, not PWM. primerica is a name I haven't heard in ages, they're not even in the conversation, completely different business model.

RBC and Wells I'm sure are fine, but they're smaller. never worked there so my sample size is small. anecdotally, the highest quality brokers in my area have all been at the big 3.

schwab is a joke, it's a discount brokerage masquerading as PWM, same goes for Fido. fine companies if you're the customer, but I doubt the same if you're the employee.

heard of waddell & reed, don't know much so can't really comment. edward jones has had some recent PR issues and I have my problems with their business model & training program, but they're not a serious competitor of ours so I don't have a lot to say beyond that.

judging by your inclusion of seemingly every industry in finance, I'd suggest you bone up more on what the industries mean and focus your networking on 2 or 3, not 6 or 7 areas of finance.

 

Vitae laboriosam eos ratione ab ab ullam quia ex. Debitis minima id consequatur tempore. Quisquam unde sunt vero quia. Error cupiditate voluptatibus aliquid tenetur eveniet qui. Est molestias consequuntur voluptatum pariatur.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (65) $168
  • 1st Year Analyst (198) $159
  • Intern/Summer Analyst (144) $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
dosk17's picture
dosk17
98.9
5
Secyh62's picture
Secyh62
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
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...”