Hi,
I just got an internship offer with Merrill Lynch Private Banking and Investment Group. I wanted to people's opinions on Private Banking as a career as compared to it's Wealth Management counterpart.
Thanks!
Jul 26, 2013
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November 2026 Investment Banking
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Evercore 01 99.5%
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Morgan Stanley 05 98.4%
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Goldman Sachs 01 97.9%
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JPMorgan No 97.4%
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From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
I'm confused as to what your question is.
.
.
i think he is asking the difference between PWM and private banking.
i always understood them to be the same, but i could be wrong
I know PB deals with ultra high net worth clients and their investment strategies are more conservative... but that's about it. I was asking more about prestige/reputation, exit opportunities, range of salary from entry level to experienced, lifestyle, ect...
Assuming the senior people are reasonable and you're good at sales, it's a great career. High money potential and phenomenal lifestyle potential (if you're good).
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