JPMorgan AM vs. TECM

I have a couple of questions about JPMorgan analyst programs. First, in regards to the Asset Management business, which is segmented into Investment Management (institutions), Private Bank (ultra net worth) and PWM (high net worth). In comparing PB and PWM, which would be better in terms of skill-set gained, exit opportunities, B-school, etc?

My second question is in regards to Tax Exempt Capital Markets, a sub group within the Global Rates, FX, TECM division of the Investment Bank. I was hoping that someone could provide insight into how this entire group, and TECM in particular, compares to tradtional industry or product groups in terms of type of work, hours, training, prestige, exit opps, and such.

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