PWM / PB Tier List
Will someone tell me what the best PWM or PB jobs are at which firms? I only really know of UBS PWM, GS PWM, MS PWM, JPM PB, Evercore WM
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Based on the most helpful WSO content, here's a detailed tier list of top Private Wealth Management (PWM) and Private Banking (PB) firms:
Top PWM and PB Firms:
Goldman Sachs (GS)
Morgan Stanley (MS)
JPMorgan (JPM)
UBS
Merrill Lynch
Northern Trust
US Trust (BofA)
Bessemer Trust
Credit Suisse (CS)
Deutsche Bank (DB)
Evercore Wealth Management
Additional Notable Firms:
These firms are known for their strong presence in the PWM and PB sectors, offering competitive salaries, benefits, and prestige. They are also noted for their supportive company culture and high levels of assets under management (AUM).
Sources: How PWM really works (part 3): PB v. PWM, lifestyle, hours, day in the life, An old man looking for advice, What are the best Private Wealth Management firms? (Salary, benefits, prestige, culture, etc), In 2018, what Firm has the best Ultra High Net Worth wealth management training program?, An old man looking for advice
I'm a PWM associate for.a BB on the east coast, used to be an analyst at another BB on the west coast.
GS/JPM/MS are all in their own league, UBS is one step below them and then no one else is even in the same ballpark.
GS model is very focused on getting you to be an advisor when you start as an analyst. After 3 years it's up or out. Only a few stay behind for the FIP/BDP roles.
The others I all believe are a bit more open architecture and more people go from being an analyst to finding long term roles besides being an advisor, I don't think the clock ticks as fast on new analysts there.
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