Private Client Associate Development Program - U.S. Trust
Does anyone have any experience with the PCA development program? Thinking about applying but I want to get a better idea of what it is:
Salary, exit opps, the actual experience
Is it just a fast track to a salary-less broker position?
My top industry choice is sales & trading, but I've been unlucky so far. Do the client sales skills you gain make you a possible candidate to switch over to S&T?
Any advice would be a huge help.
Thanks
Salary is solid, from what I hear 6 figures.....could be wrong though. Exit opps are probably full-time PCA role (if you crush it), but if you know your shit on the investment side, you could make the easy switch to FA at a brokerage or RIA. Don't have actual experience, but you get what you put into it, you're going for the big kahunas $3mm+, not the $500K clients.
You're gonna be salary with bonus. Don't think it is recurring revenue like an RIA would have by having a book.
Don't think the PCAD position is the initial step to making a career in S&T. Hell you could be a salesperson for a pharma company and trade on your personal account and make the switch if you wanted to. Sales is sales. But the PCAD position requires no trading.
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