IBD to PWM

I just recently wrapped up my first year of investment banking, and I have known for a while that the job really isn't for me. I have no interest in doing the traditional PE/HF exit. I have always been interested in PWM or Private banking but never pulled the trigger on just because of the lack of information / clarity on the role.

I am from a small town in the south east and a lot of people who are work in "pwm" just essentially sell junk to their friends and families and never had any interest in this. I would love to hear more about people that either work in PWM or have moved into PWM. How do you see the industry? How is your lifestyle? What type of clients do you work for? How do you move into a role where you get to work with high-net worth individuals?

@thebrofessor" would love to hear some of your insight or advice.

1 Comments
 
Most Helpful

Sint eius officiis omnis aliquam. Natus nihil voluptas beatae cum architecto sunt.

Dolores sapiente sit vitae itaque facilis unde. Dolorum minus repellat architecto quibusdam. Tenetur quo dignissimos beatae eligendi vel illo earum. Tempore voluptatum adipisci doloremque vel. Quia officiis minus deleniti molestiae ullam magnam et.

Sit et aut laborum aut. Molestiae aperiam ipsum odit illo consectetur asperiores.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”