Equity Research () and Private Wealth Management ( ) two paths many a banking wannabe has taken on the road to Wall Street. Today, I'd like to address these two options as long term career choices.
I remember reading posts on WSO years ago and know that at a different time a question such as this would have gotten me laughed offline. Things have changed, however, and in more case than one I have met people who are far more satisfied inand then they WERE in banking.
So let's hear what you guys have to say about the two and which do you see being a better career choice long term.
This Rick Weyman article addresses some interesting points that are often overlooked in regards to . Fee-based research firms are nothing new, however, many a young analyst overlooks just how potentially profitable a career in this field can turn out to be if you rack up enough experience and have the requisite entrepreneurial frame of mind.
As far as quoting myself , beating dead horses and long romantic walks on the beach., I enjoy
Remember, I'm not saying either is an acceptable alternative to your gilded banking dreams. Both can definitely be far more profitable alternatives than people realize.
Since money no longer grows on trees, the premium on free time has widened to spreads unseen since the Tulip bubble days.
I expect to see more and more bankers jumping into these fields going forward.
Perhaps you happen to be one of them.
I am not joking.