WM - Am I making the most of my degree/experience?

Hi guys,

Recently graduated with a degree in Economics from a semi-target UK university. Landed my first job as a Paraplanner at a St. James Place Wealth Management practice and expect to work up to being a financial adviser (level 4 diploma). At that point I would likely stay in that role for a couple more years then jump over to a bank wm division (if possible). Even further down the line I would love to get TEP designated and play in the big leagues.

My gut feeling is that I could have done better in my job search and gotten a more prestigious role or effective position somewhere else with the experience I have. Something that would have helped get to where I want to be quicker. I won't post my whole CV but these are some of the highlights:

  • Internship and extended role at boutique Financial Management Consulting firm as Research Analyst.

  • BSc (Hons) 2.1 in Econ with lots of finance (derivatives, financial modelling, corpfin, econometrics, etc.).

  • President of very large university economics society (+lots of achievements within role).

  • Lots of extracurricular achievements, e.g. Bloomberg Market Concepts, Uni employability credentials, and previous internships and jobs (outside of finance).

I'm sold on wanting to work in wealth management, and despite still being quite young (21) - I can't help to think that I'm over-qualified or at least being understimulated in the role I'm currently in, which is almost entirely administrative. Would I have been better off going corporate and working in a Bank's WM division? Or am I generally too young for that?

Would appreciate input from someone in the field on this career path, particularly on what you guys did at my age before getting in to wealth management. I hear many start in accounting roles first, is that a better route? Or will I be just fine with the path I'm taking now.

 

Nesciunt ut ipsam esse cum est. Sit recusandae et blanditiis autem quo.

Magni fuga delectus cumque veritatis dolore consequuntur. Saepe non laborum voluptatem et illum. Excepturi velit asperiores aliquid nobis nisi aut error.

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

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

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...”