WM to AM?
hi all, I am currently a senior in Under Grad and received an offer for a Client Service Associate role for a BB in their wealth management division, I am looking to transfer to another bank where I could take an Analyst position or go into their asset management arm.
Any advice for how long to stay in the CSA role before applying to other banks? I am primarily looking for a bank that feeds you clients as I was told that is the hardest part about Asset/wealth management.
I was looking into JPM private Banking and their "Asset/Wealth Management Global Private Bank Advisor Program"
Are there any other programs you would recommend me to apply to?
I wanted to know others perspective on the path so I can plan out my future better.
Thank you!
Based on the most helpful WSO content, here are some insights and advice for your situation:
Duration in CSA Role:
Transition to Asset Management:
Programs to Consider:
Client Acquisition:
Planning Your Path:
By following these steps and leveraging the resources and programs available, you can effectively plan and navigate your career path from wealth management to asset management.
Sources: Recommendation to abuse diversity programs., Calling all Financial Advisors: What products do high net-worth people use to manage their wealth?, Private Wealth Management/Private Banking Guide for Associates, 2018 Asset & Wealth Management Wealth Management Summer Analyst Program, https://www.wallstreetoasis.com/forum/wealth-management/qa-a-bored-financial-advisor?customgpt=1
My immediate thinking and tried approach is early MBA (~2-3 years into your current role) for post-MBA AM exit.
Curious to see if there is a viable lateral hiring market from WM into AM directly.
Thank you!
You’re right about the path. I did it. 5 years WM -> MBA -> LO.
There is virtually no lateral recruiting from WM to AM directly. I tried, unsuccessfully, before doing MBA.
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