Leaving GS AWM Ops for MM AWM Sales Specialist
I’ve been in a client service ops role at GS for about a year post grad. Haven’t learned much, mgmt/culture/pay aren’t great. I have an offer for a sales specialist role at a large middle market bank which would be a +25% increase in TC. Should I take it or wait it out for internal mobility opportunities at GS (PWM/product sales)?
Based on the most helpful WSO content, here’s what you need to consider:
Current Role at GS: If you feel you haven’t learned much and are dissatisfied with the management, culture, and pay, it’s worth evaluating whether staying longer will truly lead to better opportunities. Internal mobility at GS can be competitive and slow, especially if you’re aiming for roles like PWM or product sales.
Offer at MM Bank: A +25% increase in total compensation is significant, especially early in your career. The sales specialist role could provide you with more client-facing experience, which is valuable if you’re looking to transition into higher-impact roles in the future.
Long-Term Goals: If your ultimate goal is to move into PWM or product sales, the sales specialist role at the MM bank might align better with that trajectory. It could also help you build a skill set that’s transferable to other firms or roles down the line.
Exit Opportunities: GS has a strong brand name, but if your current role isn’t providing growth or learning opportunities, it might not be worth waiting for internal mobility. The MM bank role could offer a more direct path to developing relevant skills and experience.
Lifestyle and Culture: Consider the work-life balance and culture at the MM bank. If it’s an improvement over your current situation, that’s another factor in favor of making the move.
In summary, if the sales specialist role aligns with your long-term goals and offers better compensation, learning opportunities, and culture, it’s worth seriously considering the move. Waiting for internal mobility at GS is a gamble, and there’s no guarantee it will lead to the roles you’re targeting.
Sources: Confused about my career..., I think I’m being underpaid, If I start in Morgan Stanley wealth management is it hard to move over to Investment Banking or trading later?, Analyst at 27 or head to B school?, https://www.wallstreetoasis.com/forum/investment-banking/1-year-after-graduation-need-life-and-banking-advice?customgpt=1
What is a sales specialist?
Internal wholesaler?
It’s a product specialist role where I’d assist PWM bankers with implementing different firm products with their clients. It would open a path to becoming an internal wholesaler. My main question is if it’s worth forfeiting internal mobility opportunities as it’s good pay and my current role has low pay/poor culture and is unfulfilling. Should I just tough it out and go for a similar role within GS?
What’s your current pay vs. the new offer? In dollars
I’m not aware of any MM banks having product specialists - sounds like ETF specialist in this scenario
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