Private Banking Analyst ProspectsIB
I have a general inquiry, for those who know someone or are personally working in private banking units of a BB bank (JP Morgan or Goldman Sachs or UBS), what are the comps/bonus and exit opportunities like for 1st year analysts straight from university?
I believe the official title that is given for this position is called Global Investment Specialist - basically you are on a team of either investors (rebalancing portfolios and make investment decisions for clients) or bankers (having to prospect new clients and keep existing clients). Of course, as a first year, most tasks are mundane and probably involves pitch book preparation, running porfolio statements and executing simple transactions.
I've got an interview with one of those BB banks and need to know some opinions.