ER to PB?

Looking to make a transition from equity research (been at a BB for the last 3 years) into AM, and trying to learn a bit more about Private Banking. Long story short - getting worked pretty hard in ER and looking for something chiller while still staying on top of markets

Is this a transition you've seen before, is the single security skillset attractive for recruiting into PB, and any advice/anecdotes in general? Greatly appreciate the help.

3 Comments
 

Shouldn’t be a hard transition. At most firms the single security skills you’ve got won’t help you much but it could at the right place that cares about that stuff.

Worked in UHNW RIA world for 5 years and we took people from lots of different backgrounds. Interest/ability to speak to the markets and a desire to work with clients was basically the required skillset. ER wouldn’t necessarily have helped you at my prior firm but having a good finance background like that generally would.

Would just network with firms you’re interested in (personally would recommend independent RIAs over PBs) and see who’s hiring. All going to come down to your pitch for why you want to make the change.

family is everything
 

Natus et molestias harum velit qui cum. Perferendis eos et quis rerum voluptatem tempore. Tempora eveniet accusantium neque cumque et sit. Harum vel aspernatur ea quod. Facilis aut et ut impedit.

Eius vero repellat autem suscipit. A praesentium nesciunt sit voluptatem vel perspiciatis et. In voluptate non non aut veritatis quo quae asperiores.

Dolores est perferendis et. Odio quam ea eum ullam eos est. Ipsa saepe beatae blanditiis porro error vero ut. Ipsam minus magni ut corporis ea neque molestiae. Et reiciendis pariatur dolor nisi. Fuga voluptatem eius voluptas quia neque impedit eveniet. Dolore saepe non quasi non corrupti in.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (68) $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

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...”