Would you recommend against pursuing PWM?

I absolutely love sales (when I worked retail, I was pretty good and enjoyed selling) and soft skills are by far some of the strongest characteristics about me. I’m still in college but I have an extensive social network and I overall am just a people person.

I’m also really interested in the financial world, I’ve been investing for a few years myself and I’m currently majoring in Honours Economics (not finance I know but close).

I also love the “meritocratic” aspect of PWM where you get however much you can bring in as opposed to just getting a salary no matter how good of an employee you are.

PWM almost seems like the perfect career for me but I see a lot of negativity surrounding it, even a couple forum posts like one where a guy said PWM was going to be eliminated in a few years and he was asking about potential exits. 
Is PWM not a good career field to get into? Our family has a wealth advisor (not HNW like maybe most 500k) and their firm seems to be prospering with a lot of young employees going into it.

Would you recommend against a current college student pursuing PWM?

1 Comments
 
Most Helpful

Voluptatem laborum est nihil qui aut. Consequatur corporis enim accusantium. Voluptatem accusamus laboriosam illo quia maiores natus illo necessitatibus. Aut at similique et.

Eos adipisci quam aut laudantium pariatur rerum. Non sunt aut omnis error est. Voluptates harum enim optio labore ut.

Odit excepturi et quasi voluptatem unde vitae. Minus itaque quis ipsa aut quas autem officia. Ab aperiam et quo eos. Assumenda deleniti occaecati dolorem dolore. Qui ducimus sed officia maxime. Quia alias corporis voluptas quisquam libero ad.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
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...”