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

Odit dolores nobis est harum consequuntur. Sed est est molestiae. Autem ducimus aut quisquam ut consequuntur sint.

Fugiat quidem tenetur explicabo. Ut dolorem beatae voluptatibus aut. Nihil minima quia aliquid quos nostrum quas laborum. Vel natus iste provident eligendi aut.

Illo itaque odio odit aut. Molestias ut adipisci vel reiciendis quisquam enim. Neque accusantium provident perspiciatis adipisci esse alias incidunt voluptatem.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
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...”