I'm looking into a Private Banking Analyst position at J.P. Morgan. I'm a senior at a semi-target, and I've worked in PWM before.
I'm curious to know:
-How does private banking differ from general wealth management (besides just the pure dollar amount needed to be a client)?
- How actually "analytical" would an analyst position in private banking be? Would I be "supporting" higher-ups or selling more often than managing asset allocation, running performance reviews, and generally staring at Excel?
- Would this be a good transferable position into other areas of Asset Management (i.e. portfolio management, hedge funds, institutional fund/mutual fund management)?