PWM makes more money than people think at the junior level
I am currently working infull time as a first year associate and I am bringing in $100k all in salary plus bonus. When I browsed this forum before many people said PWM pays $50k for first years, but I can attest this is not true at my firm. Our associates are pulling anywhere from 75-100k all in first year. I know other smaller wirehouse firms pay less than what I make, but if you're working at a /EB in WM, you will be paid very nicely as a first year. Not to take away from IB as I would love to work in IB and make $130k+, but for an easier entry and better work hours with the chance to become an advisor, PWM is a great field and I hope more people realize this going forward.