What's the benefit for someone with experience to work at a bank or firm?

I'm trying to break into the industry and I keep seeing job postings for advisors with 3 - 5 years or more of experience, all of their licenses, and many even want someone that's a CFP or similar designation. I understand why someone new like myself would want to start out at a bank or firm, but if someone has already been in the industry for years, has their licenses, and is a CFP, why would they want to work for PNC, BofA, Morgan Stanley, Wells Fargo advisors, etc? What could these places possibly offer them that they couldn't get by going indy?

 

Eum quo id aut totam et. Sed nihil eligendi voluptas sit. Commodi atque dolores veritatis qui qui. Accusamus adipisci vitae voluptatibus voluptas laudantium natus.

Voluptates tempore qui id. Sunt perspiciatis dolorem aut ipsa fuga est.

Animi necessitatibus deleniti rem sed. Ut et iste eaque et. Velit consequatur pariatur reprehenderit facere sed quos. Consequatur ea dolorum unde.

make it hard to spot the general by working like a soldier

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
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...”