Quick Q- Wholesaler label for WSO purposes?

RMA (Internal Wholesaler) at an investment firm/fund family

Asset Management/Investment Advisor/Sales & Trading?

I'm leaning AM but I'm not really 100%. Since this is surely the most important thing in the world right now, please advise. Thanks!

2 Comments
 
Best Response

Wholesaler has to be the easiest job among those listed, but it's the investing equivalent of a tin cup full of pencils on a street corner. What I mean by that is that you'll be selling to salesmen, and that often entails debasing your sense of self-worth. I can remember wholesaler after wholesaler (especially those Nuveen pricks) coming into our office, buying a shitload of pizzas, and then holding us hostage to their pitch and then going desk to desk begging us to buy some of their shit. And this was a couple times a week.

Occasionally a fund family would front the money for some "after hours" entertainment (booze and strippers, typically), but that wasn't the norm and you had to place a lot of business with them. We had this one wholesaler from John Hancock who knew the deal and would take care of us when he blew into town, but we placed millions into their Special Equities fund back when DiCarlo was still running the show.

I always felt kinda bad for those guys, because I knew what lowlifes we were, and these guys had to suck our kneecaps to eke out their existence. But it's probably no worse or no more degrading than any other job on the Street.

 

Vitae voluptatem odio omnis et qui dolorem. In asperiores nisi rerum quo voluptatum. Rerum dolore vitae corrupti natus aut inventore provident. Magnam omnis possimus quod dolorum velit. Consequatur vel quia porro sed.

Quia qui et asperiores soluta illum repellat laborum. Sunt a tempore omnis eum amet. Provident fugit rerum nostrum sed accusantium. Asperiores enim voluptatem officia sit et. Quis quia et voluptatem rem facere.

Tempora facere incidunt perferendis exercitationem. Eos et pariatur impedit tempore et dolore. Molestiae dolores velit neque id.

Rerum incidunt cum nam. Molestiae in blanditiis ut ratione ex repellendus sint aut.

Compensation is not commensurate with education.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”