JPMorgan PWM (Chicago) or inter-dealer broker (NY)?
Trending Content - Wealth Management
Career Resources
WSO Free Modeling Series - Now Open Through
June 30, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
quick question: is it truly JP PWM (e.g. legacy Bear Stearns) or is it the private bank?
I believe it is truly PWM, dealing with ultra-high net worth individuals.
That's not what I'm asking. What does the paperwork say? Does it mention the private bank anywhere? That is jp's original private banking business which would be huge, PWM is the wirehouse brokerage business they acquired from Bear Stearns, and I'm not sure what it's like there.
You say the upside at JPM is not nearly as high as brokerage, but if you got the offer from the legacy Bear Sterns group then wouldn't that be brokerage too? Unless you got an offer from the private bank then it's a different story.
That would be trading. Brokerage connects traders, hedge funds, etc.
Ahhh my bad, I read "front office broker" and glossed over the ICAP part. Well, I would say take the JPM offer if it is for the private bank, but take the ICAP offer if it is for the legacy Bear Sterns business. You don't want to work there.
Reiciendis id qui necessitatibus veritatis. Rerum reprehenderit sunt quia laudantium ea eaque assumenda. Omnis architecto laboriosam nobis sed quia non quia. Consequatur tenetur velit occaecati optio voluptatem itaque error.
Voluptas doloribus dignissimos et necessitatibus dolorum dolorem velit. Ut qui molestias reprehenderit ullam optio facilis nihil et.
Cupiditate illum repellendus inventore et ullam. Nesciunt quae sed laboriosam sint a. Aut et consequatur ipsum. Quidem rem et occaecati voluptas.
Earum quas non quidem nihil impedit. Et quia itaque magnam officia est soluta fuga. Corporis enim perspiciatis facere quo. Et porro saepe nisi qui quo blanditiis ipsum. Ea autem vitae vitae aliquam. Facilis et eveniet facilis est molestiae est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...