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Hello,

what are the exit opportunities facing analysts in PWM from bb firms.

Is it common for analysts to go to grad school and transition to IB, hedge funds or PE?

Comments (14)

  • balooshi's picture

    Not much in my opinion.

    PWM for me is mostly just sales, and doesnt teach good fundamental skills as other areas in finance do.

    I was working PWM for a BB, luckily I got out early after a year.

    Not that I am discounting it as a bad area to working, I think it is quite enjoyable, but I'm of the opinion you are better starting off in another area, learning good technical and fundamental skills, then transitioning into PWM after this.

    Just my 2 euros

    Big 4 Accounting Guide to Getting Hired Contains interview questions, exactly how to answer, resume guide, how to make an impact and a guide to the firms and service lines.

  • In reply to balooshi
    NuK85's picture

    balooshi:
    Not much in my opinion.

    ...you are better starting off in another area, learning good technical and fundamental skills, then transitioning into PWM after this.

    Just my 2 euros

    why start off in a different area and then go to PWM...i think u meant transitioning to IB..

  • balooshi's picture

    I believe there are not many exit ops from pwm after a while. You are pidgeon holed as a salesman to the retail market.

    But thats just my opinion,

    Big 4 Accounting Guide to Getting Hired Contains interview questions, exactly how to answer, resume guide, how to make an impact and a guide to the firms and service lines.

  • wage5941's picture
  • supermonkey's picture

    I know a few people who have been through that program in the past 3-4 years and those who wanted to get an MBA ended up going to top 5 programs. Who knows if PWM helped or hurt, but they did go to great schools after the 3 year Analyst program.

  • jjk's picture

    I've come across profiles of former PWM workers on the websites of top 5 MBA programs. The not-so-harsh hours probably afforded them time to do other things outside work that made them stand out as real, multi-dimensional people with great potential to be leaders.

    But as others in this thread have already said, PWM will not give you great exit opportunities b/c you are basically pigeonholing yourself as a salesman who can hawk a security without really knowing the ins and outs of finance.

  • Expatasia80's picture

    Actually in pwm you need to have a very broad knowledge of finance and may specialize in a given area. The exit opportunities can be exceptional usually due the ability to network and source clients (the sales side) and having the ability to analyse project and advise clients on a range of financial issues. It's a tough job and few can succeed, you have to work smart and structure your own time. Anyone can learn the ins and outs of a security and pick up technical knowledge that's the easy bit but not just anyone can source and build a client base from scratch!! That kind of skill can push you all the way to MD or CEO level in any financial or non-financial organization.

    Sometimes I do wonder about the ignorance of people on this forum. Most people only have conventional employee mentality and just want easy money. Remember if you are an analyst/associate "glorified administrator/assistant" you have work to do because your superiors are sourcing clients and bringing on work. Anyone with just above average intelligence can do your role but can you do theirs? That's why only 5% of analyst get to MD level!

    All business is based on sales and that means building client relationships and doesn't matter whether its private or institutional, people are people.  Investment banking is a sales job certainly at the top level. I did it for 7 years. Analyst level you are no more then an assistant to the sales guys  yes that the VP's and MD's. 

    Remember that     

  • In reply to Expatasia80
    DoYouLikePhilCollins's picture

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  • In reply to wsib1
    bananaitis's picture