Private Banking Analyst Programs that have salaried progression besides JPM and GS

I'm interested in private banking and pwm , but mostly private banking due to the salaried structure where it's not based fully on cold calling and creating your own book. I'm familiar with goldman pwm (more like pb) and jpm private banking where you're typically provided the clients. What other banks offer pb analyst programs with a similar salaried advancement. Wells Fargo, MS, PNC, Bank of A, Citizens, 5/3?

2 Comments
 

Based on the most helpful WSO content, here are some insights into private banking analyst programs with a salaried progression structure similar to JPM and Goldman Sachs:

  1. JP Morgan Private Bank:

    • Competitive and structured analyst program.
    • Analysts support bankers and investors with portfolio performance reviews, client pitches, business development, and other tasks.
    • Base compensation for first-year analysts is around $100k (as of 2021).
  2. Goldman Sachs Private Banking:

    • Known for being competitive and structured.
    • Similar to JPM in terms of client provision and salaried structure.

For other banks, while specific details on their private banking analyst programs are not provided in my knowledge base, it is common for large financial institutions to have structured programs. Here are some banks that might offer similar programs:

  • Wells Fargo
  • Morgan Stanley (MS)
  • PNC Financial Services
  • Bank of America (BoA)
  • Citizens Financial Group
  • Fifth Third Bank (5/3)

These institutions typically have private banking or wealth management divisions that may offer salaried analyst programs. It is advisable to check their respective career pages or reach out to current employees for detailed information on their specific programs and structures.

Sources: JP Morgan Junior Investment Banking Analyst Program, JPM Private Bankers??, JP Morgan Corporate Client Banking and Specialized Industries Salary + Bonus, Career Progression, https://www.wallstreetoasis.com/forum/investment-banking/jp-morgan-private-bank-compensation-ladder-lifestyle?customgpt=1, JP Morgan Junior Investment Banking Analyst Program

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