Wealth Management vs Investment Management Salaries
I got an offer from an IM firm (Good size, European), and am going for the last round with a BB PWM division. What is the difference in salaries? Also, I would like to know about how much it is possible to earn in these industries in the long run. How much potential to earn does one have after 5 years in each? How is the difference in working hours?
by "wealth managers" do you mean private bankers?
IM tends to be more like funds, WM more like wealthy individuals..
Yes, by wealth managers I mean private bankers.
It will give you more exposure...
In my dealings, private bankers are paid well, however "relationship management" is a big part of their job description. I view them as celebrated financial planners for the elite...
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