If I start in Morgan Stanley wealth management is it hard to move over to Investment Banking or trading later?

Question

I got an offer from Morgan Stanley but it would be in wealth management. I do not have too much prior experience and I am still in college so I think it would be good experience. Would it be hard to move into trading, investments, etc from this?

dsch · Accepted Answer

If you succeed in PWM, it is a far superior career path IMO than IB (better hours, theoretically uncapped earning potential, you're basically your own boss, etc.).

I am not very familiar with MS's PWM division however. If they operate like Merril or EJ (cold calling, minimal base salary, 90% wash out rate) then try to get out into a salaried position at a bank ASAP.

smltmfwia0263 · Answer

Hi! Wow thank you all for the replies. I actually have a very confusing situation at the moment. I have 4 internship opportunities 3 in Singapore and 1 in the Philippines that I can do. My end goal is VC/PE which is why I was asking about IB because from what I've seen it helps your resume in terms of exit opportunities. The problem is I live on my own I'm 20 and I fully financially support myself. If I choose Morgan Stanley I will get the experience of working there and their name on my resume plus the guaranteed compensation.

LeveredBetaBoy · Answer

It is the latter case that you outlined, comparable (and frankly superior) to JPM and GS. Respectable base above market for PWM, variable comp in line with market, incredibly robust internal support network. The only thing that's not the case is a dedicated sales/RM department. Unless you're inheriting business or joining a team (and even in that case), you're still hustling for new money every day. It's sales through and through.

thebrofessor · Answer

sorry to trash what someone else says, but I know for a fact MS is not like GS PWM and JPM, it will entail cold calling if you are an advisor. I did a 4 part series on PWM way back but the info is still relevant, take a look and if you want to take this offline, let me know.

by the way, I cold called, it sucks, but it's better than unemployment. that said, if I was fresh out of UG, I wouldn't go MS PWM unless it was a non-advisor position with a salary.

+9	Big 4 Audit --> GoldmanSachs PWM Financial Analyst	1	2w
+8	Is WM Worth it?	1	1w

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If I start in Morgan Stanley wealth management is it hard to move over to Investment Banking or trading later?

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If I start in Morgan Stanley wealth management is it hard to move over to Investment Banking or trading later?

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