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A first year analyst on a credit team probably wouldn't be as exposed to clients as a banking or investing analyst, but there will still be client interaction. The client interaction will pick up as you go from analyst to associate to VP.
As for exit opps, your best bet of getting out of private banking would be to apply to value-investing or macro focused hedge funds or asset management firms, because private banking focused more on investing than trading. With a credit background, it might also open doors at firms that tend to apply a lot of leverage because that is what you would focus on for your analyst program.
Base will be $70K in every major city.
And what I said above goes for not only JPM but private banking at most of the BB's.
Hope this helps, PM me if you have any more questions.
I have never heard of someone going from private banking to an analyst role at a HF or AM firm. Totally different skill sets. I think your exit ops are to work for a family office more than to go work on the buyside.
I work in private banking and it happens more than you think. Granted, you have to network hard and prep for some more technical interview questions. But it definitely isn't unheard of. It's pretty unheard offer someone to go from PB to PE, but a value-focused HF or AM firm is doable. Especially since a lot of higher ups (or even VPs) in BB private banking have worked at in HF, AM or started off in IB or S&T and then moved to PB, then they can help open doors if you bust your ass and get to know them well.
I'm not saying it happens for everyone, but I know people that have done BB private banking in an analyst capacity, took the CFA, and gone to a HF or AM firm after their 3 yr analyst stint.
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