Comments (43)

Feb 24, 2010

PWM never places into PE and HF but the Goldman name is much better.

Feb 24, 2010

PWM doesnt place into HF/PE. Go with UBS IBD.

Feb 24, 2010

I'd go with any IBD over any PWM.

Also, is UBS IBD really doing as badly as people on this board are implying? What's their deal flow like?
Citi got hammered in the recession similarly to UBS, but its IBD is still strong.

Feb 24, 2010

You should do Goldman and then network and work with HR and the PWM team to get first rounds in the IB division at GS

Feb 24, 2010

^ wrong. i did pwm and you will have a MUCH easier time interviewing elsewhere with IB experience than pwm.

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Feb 24, 2010

is that even a question? UBS, not even close

Feb 24, 2010

But my friend at UBS said he only has pitched for the last 1.5 years he has worked there.

Feb 24, 2010

And he told me to take GS PWM.. But you guys seem to be saying UBS IBD

Feb 24, 2010

This is the dumbest shit I have seen thus far. PWM???? I feel like this doesn't even deserve a valid response. Yes, at UBS you would expect to pitch all year, why don't you look about some BB firms like GS, MS, JPM. If you're into the boutique thing, then go for the likes of Lazard, Ecore, Greenhill, & Moelis.

Get exposure and deal experience, and you will be good to go come PE recruiting or HF.

Feb 24, 2010

oh yeah, it's that easy huh hahah

Feb 24, 2010

You won't be able to transfer to IBD from PWM at Goldman, and PWM doesn't place into HF or PE. Even if deal-flow isn't that strong, you'll be able to leverage UBS IBD to better FT interviews.

Feb 24, 2010

But Goldman is Goldman!! Aren't they the best??

Feb 24, 2010
gimpmaster666:

But Goldman is Goldman!! Aren't they the best??

It saddens me that morons like you get any job offers. Even if this was sarcastic.

Feb 25, 2010
Banker88:
gimpmaster666:

But Goldman is Goldman!! Aren't they the best??

It saddens me that morons like you get any job offers. Even if this was sarcastic.

hahahahhaha

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Feb 24, 2010

in IBD you may have to pitch all year; in PWM you may only do account opening for rich ppl all year

Love all, trust a few, do wrong to none.----William Shakespeare

Oct 20, 2010
didi2008:

in IBD you may have to pitch all year; in PWM you may only do account opening for rich ppl all year

That's because you are working for a bank if you do pwm you need to be work for an independent firm but you got to be good and be more entrepreneurial and have a good network.

Oct 20, 2010
didi2008:

in IBD you may have to pitch all year; in PWM you may only do account opening for rich ppl all year

That's because you are working for a bank if you do pwm you need to be work for an independent firm but you got to be good and be more entrepreneurial and have a good network.

Feb 24, 2010

Lots of people confuse GS PWM with GSAM. If you're in GSAM you can go to PE / HF ... if you're in GS PWM - you won't do sht

Feb 24, 2010

obvious troll is obvious

Feb 24, 2010

PWM won't get you anywhere.

Feb 25, 2010

u lie OP, if your UBS friend has been pitching for 1.5 years why hasn't he just killed himself in a 3-day marathon of cocaine and hookers? still I think UBS is marginally better b/c it's IBD

=========================================
We are excited to formally extend to you an offer to join Bank of Ameria

Feb 25, 2010

Go to UBS, PWM won't help at all, even at Goldman, especially for getting into PE. Best of luck.

For more information on PE, Investing, S&T, and Banking, please visit http://leverageacademy.com/blog

Feb 25, 2010

I bet someone feels like a dickhead for turning down that Barclays s&t gig.

Feb 25, 2010

^ if this is true, gimp is a huge retard.

=========================================
We are excited to formally extend to you an offer to join Bank of Ameria

Feb 25, 2010

I agree this is an absolute joke, I'm just shocked that brand name could disillusion someone to this degree. The skill sets gained between a IBD analyst and PWM analyst should easily sway your opinion regardless of if you're "pitching" all the time. By the way laugh all you want at UBS but they are also currently Smith International's adviser on their $11.34 billion buyout by Schulumberger...

-Non-UBS employee

Feb 25, 2010

obvious troll. ibd over pwm.

Feb 25, 2010

The only thing that matters to future PE and IBD prospects is IBD experience. The office manager at GS works at "Goldman" too. Do you think anyone is impressed by that? Same for PWM experience. It's not like someone looks at your resume going "hmm, they've only done private wealth, not sure how much that experience translates, seems like a nice guy though...wait...HOLD ON here...is this GOLDMAN private wealth? well well!!! BRING HIM IN!!!"

Mar 24, 2010
jhoratio:

The only thing that matters to future PE and IBD prospects is IBD experience. The office manager at GS works at "Goldman" too. Do you think anyone is impressed by that? Same for PWM experience. It's not like someone looks at your resume going "hmm, they've only done private wealth, not sure how much that experience translates, seems like a nice guy though...wait...HOLD ON here...is this GOLDMAN private wealth? well well!!! BRING HIM IN!!!"

Actually, that is exactly what one of our MD's used as a reason to hire this kid during offcycle recruiting. This was not a MS where I used to work, but at another bank where I interned. Goldman is highly, highly valued, and in this instance may even be a better option than UBS IBD, simply bc UBS is on a straight arrow to poverty.

Feb 24, 2010

actually ... if ur senior in goldman PWM - u can probably go do PE and help them raise money ...

Feb 25, 2010

I think what needs to be kept in mind with all of these posts Prestigious Bank - Not Relevant Position vs. Less Prestigious Bank - Relevant Position is that the common folk or your college friends might be impressed, but within the industry no one will care unless your position is relevant. If you want to do S&T take the less know place over the well know place if the well known place is having you do PWM. Simple as that.

Feb 25, 2010

If this is for the summer then there's no question. Having BB (yeah i know) IBD experience for FT interviews will prove so much more valuable.

Feb 25, 2010

if your looking for any chance in PE or HF then you better not get into PWM, I would say even MM IBD is better than GS PWM

Feb 25, 2010

It all depends on what you want out of it. If you want to go into HF or PE, then go with UBS.
But depending on your group at GS, you could be making some crazy good connections and you could actually get some good experience that would help get you into an MBA program. Also you would actually enjoy your life.

Feb 24, 2010

Thanks for the advice all

Feb 24, 2010

MD at piper also says their analysts place into KKR

I wish there was a website where we could confirm all this.

Feb 25, 2010
fritos:

MD at piper also says their analysts place into KKR

I wish there was a website where we could confirm all this.

there is. its called linkedin. do a keyword search for piper jaffray kkr. there's a guy in san francisco who went to texas. i was surprised to see that as well, though he's in kkr financial, not kkr pe.

http://www.raspberrymedia.com/clients/kkr/site/ab-...

Mar 15, 2010

If you are asking this question because you are looking for exit opp at HF or PE, which by the way, are completely two different things if you don't already know...then I am supposing you are willing to sacrifice your interest and passion for something that's merely popular among some crowds. It's just not the formula for a happy and successful life. Think why did you want to work for PWM, IBD in the first place, then go from there.

Mar 24, 2010
Mar 24, 2010

^ Uhhh, boy, IBD =/= Equities.

Just my 2c.

Mar 24, 2010

Are you guys serious? this is clearly a troll post

Good try tho

Mar 24, 2010
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Apr 7, 2010
Apr 8, 2010