PE from Wealth Management?

FlatDy's picture
FlatDy - Certified Professional
Rank: Chimp | banana points 3

Good afternoon all,

I feel naive for asking, but Is it possible to make the jump from Wealth Management/Advising to Private Equity? I entered the broker business 5 years ago knowing that advising was as far as I would make it without a 4 year degree, so I looked at it as a way to gain client facing & market experience while I finished my degree. I've now graduated from a reputable college, majored in Economics (good GPA), and am at a Wirehouse (hold Srs.7, Srs. 63, Ins. and taking the CFP in a month, although I know most of this is irrelevant to PE). I've always been absolutely fascinated with PE/VC and would jump at an opportunity to make the transition, but I'm afraid that I've gone too far down the rabbit hole and am probably too old at this point (29). Probably doesn't help that I'm in MN either.

Any insight would be much appreciated. Thank you.



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Comments (3)

Jun 12, 2017

I don't want to discourage anyone here, but I do think that a transition is highly, highly unlikely given your background and career stage. It's tough enough for kids with very traditional target undergrad ===> BB banking backgrounds to land certain PE jobs, so I would say that unfortunately, your chances are very slim.

That being said, I've seen crazy things be done through hustle, networking, and pure dumb luck. If it's really your passion it never hurts to try, so I'd spend some time on here reading some of the multiple networking guides, other posts about breaking into PE from non-traditional backgrounds, etc. There's some great ones on here. However, if it's not a real dream / passion of yours, I would seriously consider devoting your time and energy elsewhere.

I would add that even if you are successful, your path is almost certainly going to be indirect, with another stepping stone (or two or three) in between your current role and going to work in PE

Best of luck in the process.

    • 1
Jun 12, 2017

I appreciate the honesty, saconsult3. Thank you.

Jun 12, 2017