15 Comments
 
Most Helpful

I don't it'll be a noticeable shift, merely for the fact going from a HF to WM would set your career back quite a bit. Not saying your career is ruined, but advisors built their books through decades of work, having an ex-Citadel monkey isn't really a value add to their team. Like any career, people want either two things 1) Someone with direct experience or 2) someone willing to learn that experience with an impressive background. Since that ex-Citadel monkey doesn't have actual WM experience, the only thing they can leverage is their background and learn as much as possible, which would result in a pay cut. Below FA (Financial Advisor), you really don't make anywhere near what people in IB/ER/PE make, let alone at a hedge fund. So why would a HF analyst, who was clearing at the worst $150k base, go to a job that's gonna pay them ~90k with a literal fraction of their usual bonus? If I were a HF monkey I would just go corporate. Better pay, similar or better upside in career trajectory, you can get equity, and WLB is better (not WM better where you leave at 5 on the dot at some places). 

I could see family office types really boom, but imo that's not really WM or even Private WM (PWM), it has its own distinction. 

 

Fair — I get that. I tend to think of it as more of a spectrum based on sophistication and assets. WM at a wirehouse might be more product-driven, while family offices and private wealth groups usually serve fewer clients with more complex needs and discretion.

That said, there’s still a lot of overlap in skills — especially when it comes to planning, trust, and relationship management. Just depends where on the spectrum you want to sit.

 

Saepe blanditiis repellendus hic facere officiis voluptatem. Quos dolore voluptas ducimus vel et aspernatur. Impedit ex sequi velit voluptas voluptas adipisci. Corrupti in rerum molestias repudiandae at. Minus nihil consequatur excepturi est consequatur modi.

Et minus quo nihil fuga. Porro eum accusamus quaerat. Voluptate libero possimus quod voluptas. Natus consectetur ut dicta.

Asperiores quidem officiis praesentium ex rerum. Et minima maxime aut ducimus numquam dolorem et. Rerum aut placeat delectus necessitatibus rerum molestias.

Suscipit unde vero dolorem laudantium doloribus est. Odio enim cumque sunt. Voluptas natus nisi illo inventore a sit consequatur. Quas aut dolorem est. Voluptas dolor vel earum excepturi cupiditate.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”