Trending Content - Asset Management Forum
| +26 | How cooked is Portfolio Analysis | 7 | 2w |
| +24 | Am I Crazy for Wanting to Pursue Institutional Sales/IR Over Banking or S&T? | 5 | 2w |
| +19 | Thoughts on OCIO Portfolio Management | 7 | 20h |
| +11 | Considering corporate finance pivot from asset management | 2 | 2w |
| +11 | Why the CFA is a joke. | 6 | 1w |
| +9 | F | 2 | 2w |
| +9 | Need Career Guidance | 1 | 9h |
| +9 | Research Analyst -> Finance Pipeline? | 2 | 3w |
| +8 | Opinions on Connor, Clark, and Lunn Infrastructure? | 5 | 1w |
| +6 | GSAM Fundamental Research and how to break in? | 1 | 3w |
Career Resources
Hey Person123, the following topics might be helpful:
Off ...
If we're lucky, maybe I can guilt some users to help you out: DannnyPhatom freshnoodles MapleMagic
Fingers crossed that one of those helps you.
Should've gone to Northeastern. A solid co-op will shoe you in at plenty of BDs and wealth managers...
In seriousness, though, check out Boston Private and First Republic. Both have pretty solid internship opportunities, and companies tend to see these roles as a talent pipeline. It's not insanely hard to break into, although there are significantly fewer opportunities at a private bank versus a wealth management shop or a BD like Merrill or Hancock.
Thanks for the advice man, I appreciate it. I had been thinking of a relationship manager role in the future, given their work/life balance and earnings potential.
There are a number of strong platforms for private banking/wealth in Boston. Larger, well-known firms include Brown Brothers Harriman, Goldman Sachs, JPM, MS. and BNY. More boutique players include SCS, Ballentine Wealth and others. There are also a number of family offices, though you'd likely need more experience before applying to those.
As to how difficult it is to break in, most of the well known firms require knowing someone to get your foot in the door. At a junior level, your real value is the ability to answer phone calls and respond professionally. The work isn't too analytical and you'll have a limited role in business development. All that said, it is a relatively easier area to find a first job in versus other more traditional positions discussed on this site (banking, trading, ER, etc.).
Most of my peers working in wealth management in the Boston area started as analysts either out of school or quickly transitioned to those roles after spending 0-12 months in ops roles at BNY, BBH, or State Street.
Hope this helps.
Thank you for the advice; I will look more into the aforementioned companies for next summer. Although, I thought MS and Goldman were primarily wealth management in Boston rather than private banking (such as BBH or JPM), no? Not sure of BNY though.
Qui rerum porro itaque rerum perferendis. Nisi non rerum cupiditate fuga dicta non. Dolore tenetur numquam a qui quia voluptas. Inventore tempora illo occaecati explicabo amet.
Recusandae et amet recusandae est libero. Id eum ipsam modi perferendis odit commodi assumenda. Aut commodi et nostrum earum sint cum asperiores. Est numquam adipisci deserunt aut culpa. Corrupti at voluptas animi totam ex.
Eum totam sequi nemo repudiandae consequuntur odio et. Nam aliquam nesciunt quia sint laborum quos similique. Eum accusantium quibusdam autem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...