Private Banking Relationship Manager Questions
I'm interested in looking into a Sales related career. I think that I would have the qualities to succeed in a sales-type position and I think that talking to people seems a hell of a lot more interesting than looking at charts and numbers and shit. I was hoping that someone could answer a few questions about a RM in a private bank (high net worth, such as JPM or GS).
1) how exactly do you get into the RM part of the business? I know that there are many parts of a PB but I was looking for the sales-based position.
2)do you start as a RM in the beginning? Like do you essentially shadow/help a RM manager and eventually pick up part of his book?
3) if your working with HNW individuals, do you need to find them or do they come to you for the most part? Bringing in a multi-million dollar account sounds much more difficult than your traditional account in a lower-level PWM book.
4)how is job security in this industry (compared to other fields of finance, I know it doesn't have the job security of a teacher)
5) how is the lifestyle of SENIOR PEOPLE? I don't mind working hard in the begginning, but does it have the work life balance of other? From the posts that I read it seems as if PWM has a decent lifestyle.