trying to escape my current misery- is PWM or Private Banking the answer?

So I work at one of the major players in Asset Management right now but don't particularly enjoy my job (ok it's more like I hate it). I've been thinking for a few months now of switching to something with more client interaction. I'm a people person and enjoy sales. I have also been very interested in personal investing, financial planning and entrepreneurship. I would like to pursue my CFA starting with level I this year. I have been thinking PWM might be a good fit given my background in AM and my interests. There are a few questions I have for anyone who works in the industry currently (or knows a good deal about it).

Who are the biggest players in PWM or Private Banking? What does their pay (for analysts) and typical hours look like (very important to me)?

What are the pros and cons of each firm? Which has the most client interaction?

 

Libra, depends what division you are in. A lot of the portfolio management for large institutional investors is very technical and fixed income oriented. Client interaction is done mostly from the relationship managers in the Accounts Management teams.

LAWM, why do you say that? Clearly the two jobs are very different. I just want something with much more focus on sales/relationship management than quantitative/analytical skills. It is just what suits my interests more.

 

Sapiente enim repudiandae esse quibusdam et autem ratione. Assumenda officiis distinctio architecto minima quia nobis quo tempora. Ea molestiae ab qui autem et magni in ut. Sed consequatur officia a non pariatur tempore id. Laboriosam maiores est aperiam cum voluptatibus magnam. Quo et mollitia sed consectetur.

Omnis pariatur et atque vitae. Sit omnis voluptatem repudiandae.

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 (85) $262
  • 3rd+ Year Analyst (12) $184
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (65) $168
  • 1st Year Analyst (196) $159
  • Intern/Summer Analyst (143) $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
Secyh62's picture
Secyh62
98.9
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
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...”