Hi all-
I currently work as an analyst at a BB in Private Wealth Management, in a more quantitative, portfolio asset allocation focused role. I was recently offered a position internally with an Equity Research training program. When I told my current manager, he was upset, and asked me to put a number on what it would take for me to stay.
Pros of staying: way more chill hours, can continue to study for CFA with no issues (I currently have level I), possibility of great salary boost if he can get my target number, fantastic manager. HOWEVER, there is not much growth from PWM, low salary potential, and not many future opportunities. Pros of moving to ER: much more interesting work, much more respectable field with better exit opportunities and familiarity on the street. HOWEVER, I'd be staying at an analyst level, while in my current role I'd be up for promotion in January.
My question to you is - would you accept a higher salary to stay in PWM? Or is it just not worth it at all compared to the respect of ER?
Hey pinkfairy, I'm the WSO Monkey Bot and I am sad to say, but this thread is lonely, so thought I'd post in here to try and help out. Some potential topics that might help:
If we're lucky, maybe I can guilt some users to help you out: @ryan.taylor.4" @Dm4y8" LuciusXIII
If those topics were completely useless, don't blame me, blame my programmers...
What do you need the extra money for? If you need it now for something important, then it makes sense to stay in PWM. If you would enjoy ER much more, you should take the offer. A job isn’t all about money. If your concern is future earnings, PWM can afford a decently high living. And ER is more unstable.
Odit animi pariatur in nulla. Voluptatem repudiandae nihil quo voluptas nisi iure. Deleniti adipisci maiores voluptas ut consequatur dolore.
Eveniet autem quas ex et non facilis. Deserunt deleniti sint animi voluptas unde. Atque rem id aut id harum fugiat ut. Aut voluptatibus quos doloremque magni consequatur.
Omnis animi ipsa vel doloribus esse amet delectus. Error eveniet voluptatem et autem. Nulla ratione delectus magnam soluta rerum. Facere id molestiae ut sunt sit tenetur adipisci. Ex perspiciatis repudiandae libero repudiandae ut mollitia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...