Does AM or PWM get boring?
I’ve networked with a few PWM and asset management guys. Seems like both offer competitive pay and better hours than IB, but my concern is that it would get boring.
Does asset management get boring?
Does PWM get boring?
I’d think in PWM you would meet a lot of interesting people, but are there any exit opportunities?
Most jobs get boring. Even in finance when you make big bucks. I promise.
I have seen PWM people shift into other sales jobs or into family office jobs (ie they are trusted and hopefully know something about a number of asset classes).
Thanks. I’m still a little unsure what I’d like to do post MBA and don’t want to get pigeon holed.
Thanks. I’m still a little unsure what I’d like to do post MBA and don’t want to get pigeon holed.
PWM and AM are different things. Think of PWM as end user client facing. Building relationships with HNW or mass affluent clients and managing their money. Potentially providing advice on retirement planning, wealth transfer, income planning, tax planning, etc.
AM is many things but think of it as fund management (public or private, securities, RE, etc.) Could be in sales (selling to institutional investors and/or supporting retail), product design, portfolio management. The opposite of sell side. Buy side is exhaustively researching companies to make investment decisions.
Both offer a great career if you want that type of thing. I've been in the PWM world for a long time. You do meet all types of interesting people and can provide them great value. But you have to like dealing with people and solving their problems.
That is super helpful. Thank you.
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