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Corporate to GS PWM?
I'm a current junior at a target school, and my current summer offer is for a corporate banking role at a BB down in Houston. I eventually want to end up doing traditional energy (o&g) IB for a BB in the Houston area (say GS for instance). I just got an offer to work with GS in PWM for this upcoming...
How do I get a PWM internship??????!?!?!
I've been calling around FAs and all of them seem not to know what the process behind me becoming a summer intern is, I've been calling local FAs at ML, JPM, and MS.
WM Superday BB
Recently had an superday at a BB for WM and they called me a couple days later with an 'interview update' but the update was that there was no update and they haven't decided yet. What does that even mean? lol
Going from BB Trading to PWM
Hey, I've been doing derivs trading for 6 years now at a bank BB, and I'm thinking of making the career switch over to PWM. I'm interested in targeting UHNW PWM or PWM at someplace like GS/JP/MS. I currently have a CFA, so would anyone be free to talk about either their move to PWM or advise me on...
Difference in what PWM between IB, Consulting and Law firms do?
Hey Monkeys. I am a bit confused on the scope of what the private wealth management arms of big law, big 4, and investment banks do differently to one another. I am fairly certain big law wouldn't do any wealth management themselves, rather they're focused on setting up trusts / funds / family...
Wealth Management Internship for future IB
I have an opportunity for an off-cycle wealth management internship for this Winter coming up. I eventually want to branch off into IB after getting my masters. I basically have free reign to pick whatever department I want (nepotism is a bitch). Basically I would like to know what departments would...
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,...
From Law to PWM, now back to Law?
Hi guys, Maybe someone has some advice for me or just dropping ideas. I am 29 years old and I am actually a law graduate. After my law studies in my early 20s, I have realized, that I am somehow more interested in client work and finance. Therefore, after my law studies, I pursued a Master's in...
Multi-Family Offices, Private Banks, or BB for WM/PB
As I am looking for an entry-level position in PB or WM, I had a couple of interviews with both multi-family offices, Private Banks, and typical BB PB departments. What are the differences for someone that is looking to get into and what would you advise?
Leaving a job after just a month…
What are people’s positions on empty promises in the workplace? I have a part-time PWM job, 2-days a week whilst I study. This is also on a 2-year contract with the practice. However, a much greater opportunity has presented itself to me and ideally I will jump ship and take it. The only problem...
Should i take PWM role in sophomore year, if my goal is to go into IB?
So my situation is that I am in my sophomore year (in Australia) and have been offered my first role at a pretty good PWM firm. This would be my first corporate job. However, my goal is to get into IB eventually. I also have a close connection with a valuations manager at big 4, who i am confident...
4th stage interview - not sure what to ask
Hey all, I have been in the process of applying for a rather small WM company in the UK (£50b - $61b AUM) within their strategy department which overlooks the buying side of M&As and other aspects of the business such as expansions, operations, tech etc. (I'm a fresh grad with odd job selections on...
How to leverage a BB PWM internship into an boutique IB internship
I am a non diversity and just finished my freshman year at a target and currently interning in a top BB PWM role (GS/MS). I tried finding a boutique IB role for this summer instead of PWM but legit no bank wanted to take on a non diversity freshman as a summer analyst. Anyhow, this BB PWM still...
PWM opportunity advice: Is owning the trading and execution of a boutique a worthwhile job?
Looking for some PWM advice on if this opportunity is worth it, and if so.. worth what? boutique PWM firm >100AUM. i've confirmed via SEC filings that they've grown AUM by 80% over past 3 years. They are eyeing me for an inv ops position to do DD and pick their next trading platform, completely own...
PWM Internships- Worth it?
Hey All, I was planning on getting a PMW internship this summer of my freshman year. Do banks look upon PWM internships as something positive, or do they view me as a PWM prospect instead of IB? Also, I was wondering how hard it is to get a PWM internship in BB banks like JPM, GS, MS, etc. I had...
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...
Financial Analyst - what are you actually doing day to day?
I have read almost every thread I could find on this board relating to the general structure and organization of PWM firms. I understand the basic progression and structure but am still a bit fuzzy on what exactly the tasks given to analysts are. If anyone could shine some light on the type of...
Typical PWM Salaries EB & BB?
Can anyone provide a breakdown on PWM compensation and what a first year can expect to make? Also how selective are PWM roles compared to IB/S&T?
PWM -> IBD in Canada
I am a recent graduate from Dalhousie University in Canada. I achieved a BComm degree with a 3.32 GPA. I am currently two years out of school, and am working at a PWM firm in Calgary. I've always dreamed of a career in banking, but was never ready to make the commitment until now. I believe that I...
Bonuses at JPM
Hey guys, interesting news that all JPM analysts (regardless of industry) would make 100k base pay for the first year. Anyone have an idea for expected analyst 1 bonus ranges at JPM for the following?: IB S&T PWM AM
Feeling Unaccomplished; need advice
Hey guys, hope all is well. wanted to come on here to ask for some advice (and maybe feel validated a bit). For many years I worked super hard to break into IB; I participated in clubs at school, networked, studied for interviews, all that. I go to a top Ivy (HYP) and see all the people around me...
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.
WM - PB in London
Hello, I was hoping someone could fill me in on the not very commonly-talked WM/PB recruiting process in the UK, average salary scale, and interview tips for the SA 2022. Thanks for the help
What banks have non-diversity freshman/sophomore internships?
I'm an incoming freshman in college, interested in IB. I already have had 2 internships, one in tax and one in finance. I'm a white male however, so I can't apply to any diversity programs. What are the best banks that I can get a summer internship at after my freshman or sophomore year? If not...
What to expect as a first year analyst at JPM private bank?
What's the lifestyle, hours, culture, etc. like? Can anyone give any insight on the EOY bonus structure? Happy to answer any questions as well.
How To Talk With Irrational PWM Clients?
Not in PWM myself so wanted to hear thoughts from some of our WSO private wealth members. Anyone in finance inevitably gets asked personal finance questions from friends and family. Over the years, I've helped quite a few with the basics of portfolio diversification and generally explaining to them...
PWM salary in the UK?
What can I expect as a starting salary with a MSc in finance and investments in PWM in the UK? From boutique to BB departments.
Invited to a social for a boutique PWM firm
I’m a grad student currently looking to employment as I finish my BSc in June. I went to a webinar hosted by a PWM firm and asked some good questions and added some insight. They were impressed and the head of the firm invited me to a Zoom call to talk to me and it went well. I was mostly asking...
Is Investment Banking a good option for this future goal?
In the future (preferably between the ages of 30-40) I would like to start my own Private Wealth Management Firm. Is doing Investment Banking (assume a big 3 firm) a good option to lateral into this industry compared to let's say MBB Consulting (also big 3)? Also, would you recommend me to get an...
Creating a Private Wealth Management Firm
The main question here is: How does one create a Private Wealth Management firm? What are some important things to do/consider when pursuing a goal like this? We can assume that I attend a target / semi-target school (for things such as banking, consulting, etc) for argument's sake. Any insight on...
Why not IB to PWM?
I realize that most of the members on this site look down on PWM because there are no exit ops, but I think that is because PWM is the exit opp. My question is have you seen any ibankers pivot to pwm? To me, this would make a lot of sense at the sr. associate or vp level. Ib gives you great...
Goldman Sachs PWM Financial Analyst
Hello, I see some people on Linkedin working as Financial Analysts at GS PWM, and I tried reading up on what that actually means. Does anyone have any insight into, - what their tasks are - career progression - compensation - team structure - exit opportunities Much appreciated.
Summer Associate GS - PWM Offers
Hi All, Has anyone received an offer from GS for the PWM Summer Associate program? Specifically for the London office.
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...
Private Wealth Management/Private Banking Guide for Associates
Once and for all - Here is the best guidebook I can give you for PWM / PB at the Associate level. Enjoy and show me some love... 1.1 What is Private Wealth Management? 1.2 Who is a High Net Worth Investor? 1.3 Industry Today 1.4 Career Paths within Private Wealth Management 1.5 How to Build a Book...
Is B School worth it for me?
I was recently admitted to a T15 B school and want to run some career advice through WSO . My group/team is openly anti-mba so it's not like I can go through my mentors/team. They don't know I applied, etc. I'm just trying to ask myself if it i'm crazy to go to school and spend 150k on tuition + 2...
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...
NFL star Justin Tuck is now a VP at Goldman Sachs
https://www.yardbarker.com/nfl/articles/ex_nfl_st… Former NFL star, two-time Superbowl winner and now Wharton grad will be beginning in the PWM group at GS. Is there any precedent to a big-time NFL star working at a VP level at a bank?
Asset Management / PWM entry level salaries in the UK
Hey buddies, long time no see. I was wondering what salary I could expect as an entry level position in an asset management/ pwm firm based in London. I have 2 previous experiences (internships in consulting & IB) and I don't know what could be my first salary expectations. Thank you for your help.
PWM and IM Salaries?
Anyone know around how much someone at a top PWM and IM firm make around mid way through their career.
How fucked am I on a scale of 1 to 10?
Hi, In about a week I'll be starting my first finance internship, which will be on the research team at a boutique PWM firm in the mid-sized city where I live. The issue is that I am a junior, and want to eventually go into M&A or S&T , obviously most of the people in those fields are there because...
Internal Wholesaler vs. Analyst at newly formed RIA
Hi Guys, I am between two offers. The first is for an internal wholesale gig, working for a highly respected investment management firm; the second is for an analyst position at a newly established RIA (AUM of ~200MM), where my functions would include placing trades, building portfolios, preparing...
Best way for an accounting major to break into finance?
I'm a recent accounting graduate, with only accounting experience on my resume with dreams of breaking into the finance field. IB or Sales and Trading is pretty much out since I didn't go to a real target school (Baruch College in NYC), but I'm, interested in Private Wealth Management (which is...
Goldman Sachs Application Status After Superday
The status on my Goldman Sachs Portal was recently updated to say "Thank you for interviewing with Goldman Sachs. We will be in contact with you shortly regarding your status. Thank you for your patience." Does that mean a decision has been made? This is about 1.5 weeks after my superday for a PWM...
Technical Questions for PWM Internship at BB
So I have a interview coming up for PWM at a BB and I would like to know how technical the interview questions will get. From what I understand, PWM mostly focuses on fit questions and less on technical, but I am still unsure on what to prepare for. Any info you may have would be greatly...
Best strategy for career change into S&T or PWM?
I am currently employed as a consultant at a large, mid-tier consulting firm, however, I have always had an interest in S&T and PWM and have lately been considering going back to school for an MBA to achieve this goal. I just wanted to get some insight into whether, having this goal in mind, it...
PWM compensation $$$
Title can't be more explicit; talking about US market, might also be interesting to compare with UK, Swiss, LUX and Montecarlo salaries...
Getting a job in Monaco (Montecarlo)
Hey everyone, I'm looking for advices from people who had a previous work experience in Montecarlo, Monaco. I've heard the compensations are very high there (as high as they could be in Switzerland), but with a greater lifestyle (sun and sea-life helps apparently) and the fiscal framework is more...
Q&A: A Bored Financial Advisor
Hello everyone. I've lurked here on and off over the years and realize there isn't much activity regarding wealth management, but thought I'd register anyway. I'm in my 30s, at an independent broker/dealer, been doing this over a decade (after getting my B.S. in finance and an MBA at a state school)...
How common is employee manipulation in different sub sectors?
Not sure exactly how to phrase this question, so I think it may be best to start with a bit of my story. I have no college degree and I worked in a lower mid-tier PWM firm with a recognizable name as a trainee FA. At this firm from the branch manager level on down to the senior FA/broker I worked...
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