Hey monkeys, I will be an incoming PB FT analyst at JPM next summer. I noticed on WSO, private banking is downgraded and depicted to be a crappy job that doesn't hold any value. Wonder what the reason is and if the stigma still is there? - and if it would affect me if I choose to leave after a couple of years. Pay is in line with first year IB analysts so I'm not sure why it's so crapped upon…
| +325 | UBS Tech MD hires Son (from no-name college) as an Intern | 57 | 7h |
| +222 | Evercore Intern Seizure | 34 | 2h |
| +89 | [Official] 2026 IB Analyst Bonus Megathread (with 2025 Consolidated Pay and Perks/Benefits) | 12 | 2d |
| +55 | Is DCM actually underrated ? | 21 | 6h |
| +51 | JPM M&A is Gone??? Purely Coverage Banking??? | 20 | 1d |
| +46 | Are all Tech / TMT groups sweaty? | 33 | 18h |
| +41 | UBS Groups Ranked by Future Outlook | 20 | 6d |
| +38 | Am I behind? 31 Year Old Analyst | 9 | 1d |
| +36 | Losing my personality in Banking | 5 | 1d |
| +36 | Associate & Above IB exits | 15 | 1m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Welcome to WSO, everyone is a prestige whore about everything and PE is all anyone cares about. Working in GS IB will also not be enough, you have to work at GS TMT to be "prestigious" on here.
Private banking is a great job, and you can make a very solid amount as a senior if you choose to stay in the career. The ratio of pay to WLB is great, and if you like advising clients and are talented at it you can make a lot of money. There's some opportunity to move elsewhere (some spots within AM or investor relations for example) but if you ever wanted to get into IB you would need to switch with an MBA.
On WSO, a job doesn't lead to MF PE it is shitted on, but truthfully this is one of many finance careers where you can make a great living without the lifestyle described on this forum
Et explicabo porro saepe laboriosam dolore voluptas. Sapiente iste adipisci explicabo laudantium qui. In voluptatem voluptates sapiente libero sunt tempore.
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...