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Including Major Gpa and leaving off cumulative GPA off resume?
I have a 3.7+ major gpa in a business related major(non-finance), ~3.0 cumulative gpa, and 2 finance related internships. I am looking to recruit for full time 2025 positions for Wealth Management, Private Banking, Commercial banking relationship management, and possibly corporate banking. Is it ok...
Ares- Global Client Solutions pay structure
Hi Chimps, Currently a 3rd year associate in PWM at a bulge bracket bank and looking at roles within Ares Global Client Solutions group, trying to get an understanding on pay structure as an associate specifically. Currently my total comp is made up of hourly pay, overtime, firm bonus, and a team...
Freshman Not Seeing Much Traction
I'm a freshman at an American target and, as the title says, I've been diligently applying to various financial institutions in Toronto, Canada and have yet to show anything for it. I have experience at various search funds, each of which assigned me distinct responsibilities, and I am currently...
IB vs PB or WM
Hey there, I am currently a sophomore in college and am just looking for some input on my dilemma. Please don't take any of this background info as me bragging or trying to flex I'm just trying to provide the whole picture. Background: I am an extremely skilled networker and have established...
Goldman Sach PWM division VS BoA Corporate Banking
I have an offer from Goldman Sach's P WM division and BoA's Corporate Banking. Any feedback/experience and suggestions with either would be appreciated! I like relationship management so interested in both. But intuitively PWM seems to be a better wlb choice and long term career. Also the GS name...
PWM Freshman Winter/Spring Internship?
All the posts I've found about freshman pwm internships were in the summer, is it possible to get one in winter or spring quarter so I can better prepare for a boutique IB internship in the summer?
Wealth management internship
Hi all. I am looking to apply for either wealth management and asset management but I was wanting to see from people in the industry. How do the internships differ? Also, what is normally done as an intern in WM and AM? Are the senior advisors open to discussing their reasoning for investing client...
Interested in Private Wealth Management internships but have a 3.1 Gpa
Rising Junior at IU Kelley with a 3.1 gpa interested in Private Wealth Management and am currently completing a financial services consulting internship. How do I go about setting myself up for success asides from raising my gpa(on track to end with a 3.2-3.3 end of fall sem)? Looking into maybe...
WM / PWM - Wirehouse Compensation Structure UK
As the title implies, given the restriction on commission based advice in the Uk is the pay-out structure for WM/PWM in the UK comparative to it's US counterpart ? Assuming a wire house i.e JPM, MS, UBS Example: US approach: Book: 100M Revenue = 100 *.01 = 1M (1% fee) Com base = 30% Pay-out,...
Does cold-calling qualified leads--High Net Worth individuals--work in Private Banking?
Hi Folks, Conducting some research on cold-calling/outreach and would sincerely welcome your feedback. Simple question: Does cold-calling work in Private Banking , specifically calling on individuals with $20+ million in liquid net worth that you have QUALIFIED and KNOW they have this level...
Does cold-calling (targeted fit prospects) work in Private Banking?
Hi Monkeys, Does cold-calling work in Private Banking, specifically calling on individuals with $20+ million in net worth? How many of you have actually been successful using cold outreach as one of your primary sources of new business? Some say they live by it while others say it does not work....
Active debt settlement with bank I am interviewing with. Will it disqualify me from receiving an offer?
Hi Monkeys, I have an credit card settlement (which I am paying as agreed). The settlement happens to be with the very BB bank I am interviewing with. If I were to receive an offer, is this something that would result in an offer being rescinded or fired down the road?
MBA worth getting for WM sector?
I would like to hear your thoughts on whether or not a MBA from a top ~20 school would be advantageous or not for a career as a Financial Advisor. I want to hear your thoughts if you are for it or against it - and why.
Return offer Contingency Plans? | GS Layoffs (PWM)
I signed my return offer to work as a full-time analyst in Private Wealth about three months ago, with the intention of starting in June. With the recent layoff announcement, should I begin making contingency plans in case my offer is rescinded before I begin? I sent an email to my recruiter over a...
JPM PB roles
Hi, I have recently learned about JPM's Private Banking division and am considering applying for a position there next year. I think I understand the difference between the two types of roles: Advisor role (more client-facing, banker, relationship manager) vs Investment solutions role (more...
Goldman Sachs PWM vs Morgan Stanley PWM
Hey guys, I got an offer from both Morgan Stanley PWM team as Client service associate on an established team with 10b+ in AUM. the Goldman role is called Wealth management professional associate, however you come in as a floater until you find an established team to join. So risk joining a less...
Can I move from WM to IB at a BB?
Hi all, I just signed a '23 offer with as a wealth management summer analyst at a BB. I was wondering if you can let me know if I have any chance to move to IB at that firm for FT?
How much help is an internal referral from an PWM MD during BB recruiting?
I am a non diversity and just finished my freshman year at a target and BB recruiting is coming up on the horizon for me. I am currently interning at a top BB (GS/MS) this summer as a PWM intern in NYC. My work desk got moved into my MD's office, so we chat quite a bit when there are lulls in the...
GS Private Wealth Management post MBA
I am a recent M7 MBA graduate who accepted an offer to be a Private Wealth Advisor (Starting as a PWM Associate) at Goldman Sachs Private Wealth Management (GS PWM). I worked in finance before business school and went to MBA to stay in finance to multiply my earning potential. I was attracted to GS...
Potential New Analyst Role - help me feel competent!
Hey everyone! I’ve read tons of the “is the CFA worth it” type posts but figured I’d ask since this is a bit more specific. I work for a wealth management practice with $1bn under management. We are semi independent and clear through one of the larger broker dealers in a franchise type...
Advice for PWM Summer Analysts?
Hi! I couldn't really find a lot of information for what it's like being a summer analyst in private wealth management. For reference, this would be an internship with the JP Morgan Private Bank. I've read up on the advice I found for investment banking interns, but I was wondering if anyone would...
J.P. Morgan or BlackRock?
I have summer internship offers at both JPM and BlackRock, the roles are: JPM: Investment Solutions at J.P. Morgan Private Bank "Work with our teams to understand client needs and examine market activities to develop and execute strategies that help clients meet their financial goals Partner with...
Trying to decide between GS Ayco and Deloitte (Summer 2022)
Hey all, I am trying to decide between two offers for Summer 2022, Deloitte Tax Consulting and GS Ayco PFM. I have some initial thoughts but I'd like to hear what you think: For Deloitte; Pros: In NYC (apart from being in the city, more networking ops, especially if I get a return offer) Better pay...
Industry stance on tattoos
I'm wondering what the stance on tattoos for the asset and wealth management industry is, I have a couple but they are all easily covered by a shirt. I start working for a firm soon but I am a bit concerned about interacting with clients in more casual situations. What do you guys think?
PWM out of college?
What kind of roles can someone get in PWM as a fresh grad? I'm really interested in AM but I am not interested in financial advising and being a CFP.
Do I have a future in PWM?
Before I start, I know that most everyone looks down on PWM and sees it as a dead end in the finance world (that may be true). But what if that dead end isn’t so bad? Currently I intern at a very small independent RIA (a little less than 100 AUM) in the midwest. They’ve been in business for less...
Initial phone interviews + PWM -> IB lateral recruiting
I've been reading these forums for a while and finally decided to make the push into IB. Currently looking to lateral internally (or externally if it doesn't work out) from a PWM rotational program into Investment Banking. I've been doing my homework and following the guides posted on here and M&I....
GS exit ops for advisors (PWM)
A lot of discussion on this forum about lack of exit options from PWM. I thought it would be helpful to share an alternative opinion. From my experience and that of many of my peers, I felt that people who worked at BBs with a lot of brand power (predominantly MS/JPM/GS) pivoted to a pretty wide...
JP Morgan Wealth Management Superday
I had a superday yesterday for the FT analyst program in the private bank at JP Morgan. Think it went fairly well. When can I expect to hear back? Have others heard back? I'm also curious what percentage of people who make it to the superday round end up getting hired, if anybody knows this.
Is it possible to transition from consumer banking to portfolio management ?
A little background: Im 22 personal banker been in consumer for a little over 2 years. Dropped out of college before joining the bank. My market director tell me if i climb through the ranks all the way to financial advisor, get my licenses, I can make the transition. But i was wondering if its...
Offered JP Morgan & Goldman Private Wealth Management
Hi everyone! I am an incoming intern to the PWM industry and was recently offered by these two firms Goldman and JP Morgan for a position in their summer programme. I wanted to ask for some advice to help to decide which firm is a better fit for me. Some of my considerations are long term career...
UGA for ATL PWM?
I am currently an active duty Military Officer applying to MBA Programs and hoping to start a career in Private Wealth Management upon graduation. The Terry School of Business at UGA seems like a program on the rise and appears to have a strong network in the South. Would it be far fetched to get...
How to get PWM internship as freshman to break into IB post-grad?
Hey everyone, So long story short, I'm a current freshman in college that wants to get into IB post-grad. I'd like to acquire a PWM internship for the summer between freshman year and sophomore year but I'm not sure how to do this as employers probably wouldn't give most freshmen a chance. Just...
Grew up on a farm, now i'm in VC. Q&A: Associate at East Coast Strategic VC Firm
Currently approaching my 1 year mark at a strategic VC firm focused on emerging deep tech. The learning curve was steep and i'd like to give back. **Background: ** Short version: I attended a southeast non-target, moved to northeast and have 1 1/2 years at multi-family office / hedge fund, 1 year in...
GS PWM Analyst
I'm a senior in college and don't really want to get into IB and interested in PWM though I don't have much experience to really tell if it's something I want to be "stuck in" (from other posts I've read). I'm currently interviewing for this position at GS and I'm looking for advice on - If it's a...
Portfolios in Private Wealth Management
For those working in PWM: How are client's risk tolerance and goals translated into a portfolio? Is market risk a consideration in the portfolio construction process?
Q&A: 3rd Year Private Bank Analyst
Monkeys, I haven't posted much on here, but I've been a lurker for some time and have been helped out by many of your posts. I now hope to return the favor and give some insight into the private bank/wealth management world with this Q&A. Some background: I went to a target university and have been...
Got an offer from Merrill Lynch but HR rejected it
Hi all, Hope you are having a good weekend. So I got a PWM internship offer last week from Merrill Lynch. However, during the HR process this week, I was told that Merrill Lynch does not hire an intern without an SSN. I'm an international student. I'm pretty sure I can work there with CPT...
Concerned about 2020 Summer Analyst Recruiting - 2.7 GPA, Non-Target
Hello, I have a 2.7 GPA at a non-target school, and am a sophomore. I am heading into a BB PWM internship for this summer, and I am concerned I will be completely blown off by firms when applying for Summer Analyst 2020 positions due to my low GPA and unimpressive university. I have an explanation...
Baird On-Site Interview Tips
Hey everyone, I had a phone interview with Baird this week for a Private Wealth Management internship and heard back in less than 24 hours about an on-site interview. Any tips? Questions I should be expecting?
Moving from Private Wealth Management to Portfolio Management
Trying to move in portfolio management from private wealth management. How realistic is it and what work experience/qualifications are required to break in? About me, I'm a recent grad in a private wealth management rotational program at a major wirehouse; only 50 of us across the country. After a...
PWM and IM Salaries?
Anyone know around how much someone at a top PWM and IM firm make around mid way through their career.
Comprehensive List of Internships for Freshmen
Just thought I would start a thread to compile a list of finance-related internships (PWM, IB , PE , HF) for first years in college. I understand that these opportunities are slim and elusive.. hence the thread. Harvey & Co - Newport Beach, CA Merrill Lynch PWM - almost any major city Please feel...
Fall and Spring Internships
Hey guys, I will be a college freshmen in the fall but I’ve already networked with some people and have some opportunities to Intern during the fall or spring semesters. It would potentially be with MS or UBS in PWM . I was just wondering if given the opportunity should I try and intern during the...
Finance/Accounting Jobs Outside of IB in Canada
I was wondering if anyone knew what jobs outside IB looked like in Canada. Toronto overall has less of a finance scene than NY so I had a few questions. 1- What finance related job do most people go into besides banking in Canada? 2- What's PE , HF , PWM , Financial Analysis, Corporate Finance,...
How difficult will it be for me to move from a PWM internship into M&A or Equity Research?
I'm a Junior at a semi-target school and I was just offered an summer internship position at a (small-ish?) Private Wealth Management firm which I just accepted. Compensation is $15/hour and I will be working with/for several analysts and the CIO within both Research and Portfolio Management . The...
Regulation and Wealth & Asset Management
What about thoughts on American vs Euro banks in wealth management post-Mifid? How the bonus structure will be re adjusted since all the private wealth managers commissions based revenue will most likely be forbidden? Thanks
Student New Associate Program at Goldman Sachs
Hi everyone, I recently went to a Veterans career fair where I was able to talk to some GS employees about an opportunity with the company. Since I have been out of the military for a few years, I didn't qualify for the "Veterans Integration Program," but since I just finished up my Masters Degree,...
Anyone in Private Wealth Management deal with well-known/famous clients?
I interned for a PWM team that handled more than $1 billion in client assets in LA. During my time there, I recognized some names while looking at financial statements. I ran into some "youtube stars" there too (was stuck in a elevator with one). Being young and naive back then, I was pretty amazed....
Blackstone Private Wealth Solutions (PWS) Interview
Hi, I'm a junior from a non-target and landed an interview with BX PWS, coming up this Friday. I haven't researched much into this group so would really appreciate if anyone can share what they know about Blackstone 's PWS division and/or know what I should prepare for the interview. Thanks!
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