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?

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.

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.

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.

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

dsch

King Kong

Most Helpful

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. But if they're more along the lines of JPM or GS, you will have a decent base salary starting out, an internal support network within the firm, and the hustling for leads aspect may even be outsourced to a dedicated sales or RM department. In that case, I wouldn't be so eager to jump ship for IB.

Quote

Report

Other

Authored by: Certified Risk Management Professional - AuditorCertified Risk Management Pro

+25	Want to career hop into finance, advice or roasting welcome	WM	5	3w
+12	JPM Private Banking Superday	WM	20	1w
+6	What Are the Financial Potential with Regions Bank Wealth Management Services	WM	0	4w
+6	Can I break into Wealth Management?	WM	2	4d
+4	Wealth Management Superday	WM	3	22h
+3	Does UBS have a PWM SA in home office?	WM	2	3d

1	redever	99.2
2	Secyh62	99.0
3	BankonBanking	99.0
4	Betsy Massar	99.0
5	kanon	98.9
6	GameTheory	98.9
7	dosk17	98.9
8	CompBanker	98.9
9	numi	98.8
10	DrApeman	98.8

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

Trending Content