Inter-dealer Broking or Wealth Management Career?
Hi,
I recently graduated uni and am at junior level. I was recently offered a position at a large IDB in London and was subsequently offered a position at one of the UK's largest wealth management firms - also in London.
I am looking for any advice or opinion on which path to take for anyone with relevant experience in either industries.
I can weigh up the general pros and cons but could anyone shed some more light in terms of expected progression paths, salary expectations, and exit opps.
Its not a bad position to be in but just stuck between a rock and hard place as I am still early in my career and as to what the best path would be for myself (like could you move into IBs/hedge funds/PE from either?)
Appreciate any infield opinions!
Cheers!
Hey fddsf, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
Hedge Fund Forum ... .wallstreetoasis.com/forums/hedge-fund-careers-guide-to-landing-a-hedge-fund-
No promises, but maybe one of our professional members will share their wisdom: @Charles-Mengue12" aprilwieser Carry The Interest
You're welcome.
I'm assuming the two IDBs are either TPICAP or BGC.
Depends what kind of person you are in my view.
Both are pretty much sales these days, or at least the sales skills will do you well.
Voice IDB is still about but isn't as large as it used to be.
Salary is high in IDB if you're good, but you need a thick skin. One good thing is that the drinking and partying with clients culture has died down, where it used to be almost a required part of business. I think this aids not burning out.
I'm a sales trader at a middle market firm just round the corner from ICAP and know a few of the guys there. Wealth management I'm not so sure about, but wealth management is boring for me haha.
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