PWM Problem?
Im currently a PWM intern at a BB (think UBS/ML) at a branch office in a small city. One problem though. Im not even working under an FA or CA im working under "management". I have no interaction with clients at all and all i do is clerical work and answer phones. I go through posts here and know some other PWM interns in other cities and even though most people think this internship is useless ive read/heard they interact with clients (cold-calling etc.), use blackrock/bloomberg and even "suggest" some new portfolio ideas to their FA's. How can i stay motivated for this? Has anyone else experienced this with PWM? I feel like im the exception to an already horrible rated internship. How do i even spin this?





1) spin ure work on the
1) spin ure work on the bloomberg terminal by sayin u pitched multiple investment ideas to FA's which resulted in diversfied portfolios for clients
2) spin cold calling to emphasize ure sales ability and how u were able to increase client base by xx%
3) spin the mindless research work into increasing business efficiency by aiding advisiors
4) also take initiative to do projects on by ureself
Success is my only option and failure is not
thats the thing, i would
thats the thing, i would love to write that. i have not done 1 thing on that list
Oh man, that sounds pretty
Oh man, that sounds pretty boring.
Try interacting with the FAs and seeing if you can help them with any modeling/ excel or powerpoint work and just let them know that youre available to help them with anything they could use any help with.
Introduce yourself and let them know that you're there and able to help- worst case they won't give you any work.
When evaluating whether or not to post something on WSO, I think to myself, "would an idiot post this" and if the answer is yes, I do not post that thing...
Im not even in the same area
Im not even in the same area as all the FA/CA's im on the complete opposite side of the floor with "management" aka secretaries , I would love to talk to the FA's maybe if i was even in the same area as them. I feel like this is the rare useless PWM internship people talk about even more useless than a normal one.
Wow this sounds like a post I
Wow this sounds like a post I put up recently since I'm in a similar situation. Although it hasn't escalated to cold-calling...yet. Try starting out small. Ask for reading material and things like that, but most importantly stay engaged. Ask to sit on meetings so you're not bugging them, but getting experience. If they really blow you off, I'd give it some time, but maybe have a sit-down with "management" and ask if you can get in on more of the action with the FA's.
I feel your pain. I know from experience PWM in itself already sucks. Your situation just adds insult to injury.
To get noticed, the best thing may be to stay engaged and interact with the employees (not so much the secretaries, I'm talking more FA's...those guys)
http://sportstanker.blogspot.com/
i appreciate the response..
i appreciate the response.. its a killer because im desperate for the slightest finance experience and clerical work everyday i show up bothers me to no end.There are already interns with the fa's doing what i SHOULD be doing. i do not know why i guess i got screwed. Going to try my best going forward to interact with the fa's