WFH in PWM/PB?

Ah, the classic WFH conundrum in the high-paced world of Private Wealth Management (PWM) and Private Banking (PB) at the big bulge brackets (BBs)! Based on the most helpful WSO content, the WFH policies can indeed vary significantly across firms and even within divisions like PWM and PB. As of May 2022, there's been a push for employees to return to the office across many firms, but the specifics can depend on the firm's culture, the team's preferences, and sometimes even the city or country you're working in.

While the context doesn't provide specific details on WFH allowances for PWM/PB roles at BBs, it's clear that the industry trend has been leaning towards more flexible work arrangements post-pandemic. However, this flexibility can range from fully in-office expectations to hybrid models. If your current role demands in-office presence every day and it's becoming a significant pain point for you, it might be worth exploring options within your firm or looking at other BBs that are known for offering more flexible WFH policies.

Remember, though, pivoting roles or firms solely for WFH flexibility should be carefully considered. Evaluate how much weight you give to WFH in your overall job satisfaction and career goals. It's also beneficial to network within your current firm or with peers at other BBs to get a sense of their WFH policies and culture around flexibility. Sometimes, internal transfers within the same firm can offer the change you're looking for without the need to pivot entirely.

In summary, while the desire for WFH flexibility is completely understandable, it's crucial to weigh this against other career factors and explore all options before making a significant change. Networking and direct conversations with HR or your management might also uncover more flexibility in your current role than you thought was possible.

Sources: How PWM really works (part 3): PB v. PWM, lifestyle, hours, day in the life, Bb/eb WFH policy (may 2022), BB PWM vs MBB, PWM at BB to Hedge Fund?