IB to Private Banking
Ignore title, I’m a sr. analyst in sector coverage. Absolutely hate this fucking job and the hours. I hate it. Anyway I have a family friend who’s a BB MD serving ultra high network clients at the BB’s private bank. He says he can help me get a job. What are your opinions on PB monkeys?
Following
U tryna leave too? Lmfao
had family in PB, they had great WLB and good comp. Seems to be a great gig
Following. Want to make same move also lmao
+1 also considering this!
Is base comp aligned, i.e. c 175k assoc 1 base at large banks in PB?
Feasible to switch after 2-3 yrs of IB / PE analyst to Assoc lvl PB?
Reading anecdotally on here and it doesn’t seem like base is aligned
I’m curious as well, what is comp progression like as a PB?
Bump
bump
Does nobody have insight on this?
I’m not tryna be a pioneer
bump
Really nothing?
https://www.efinancialcareers.com/news/private-banking-jobs-vs-investme…
Here's one perspective on the switch, hope it can help
sounds awful from this
Also following. Had a post mba associate transition to this from our team but no idea how she likes it or comp
Why don’t you talk to her lol. For our sake
Coochiephobia
Assuming it’s JPM, associates make $150k plus $25k for every $5m of assets gathered (includes lending).
Quo quos iste ab accusantium ut eos. Ipsam aliquam in fugit hic sint ab. Iste ut modi quam architecto voluptates tempore earum et. Et occaecati neque fugiat distinctio. Molestiae non ut repellat unde. Earum cupiditate repellat ducimus ducimus minus saepe nihil. Quia mollitia laboriosam repellat a nostrum.
Itaque eveniet quod a molestias. Esse earum et aut libero.
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...