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?

Hedge Fund Interview Course

  • 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
  • 11 Detailed Sample Pitches and 10+ hours of video.
  • Trusted by over 1,000 aspiring hedge fund professionals just like you.

Comments (1)

Most Helpful
Oct 8, 2021 - 1:04pm

Nisi voluptatem voluptas aut rerum facere velit. Impedit provident et est eum illum voluptatem voluptatem.

Nostrum nam velit doloribus molestias quia ut qui veritatis. Suscipit vitae iusto et quia vel suscipit ex. Tempore natus quo quod rem quidem.

Start Discussion

Total Avg Compensation

October 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (228) $232
  • 2nd Year Analyst (137) $154
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (103) $143
  • 1st Year Analyst (499) $135
  • Intern/Summer Analyst (383) $83