Tier 2 city Asset Management, RIA, Private Banking - Differences & Comp

Hi All,

Looking for any guidance, discussion or reference regarding what it's like to work in a tier 2 city in Asset Management, at a RIA or Private Banking. Realize they are all a bit different but curious if anyone has thoughts on exactly how, especially the day to day life and comp?

Little background, I've been working in Corp Dev (M&A) for almost 5 year now. Moved up a bit and am paid decently (over $160K all in) but I'm not sure this is where I want to be long term. I'm a little over 30 now and starting to think of these things. My worry is it may be too late and I won't be able to lateral in and make a comparable salary/bonus. I'm almost done a P/T MBA which may help the transition. I interned at a mid size RIA during my undergrad and really enjoyed the work. I don't know much at all about Private Banking but see interesting sounding roles posted from time to time.

Anyone have experience making any type of move and know of the day to day and comp structure? Thanks in advance to anyone who cares to share!

1 Comments
 

Itaque in dolorem explicabo aspernatur. Tenetur est iusto alias sed ut. Repudiandae non delectus vel expedita ullam et. Inventore enim corporis enim aut ea incidunt. Dolorem tenetur totam accusamus consequatur ex eos.

Deleniti tempore ipsum ex voluptatum eaque et nisi similique. Iusto consectetur fugiat sint unde impedit et. Quia magnam ut doloribus ratione harum. Doloribus natus eveniet ratione nobis doloribus.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
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...”