private banking

Hi All, Thanks for clicking. I hope you're well. Without disclosing too many details, I'm in a position to potentially join a Capital Group Private Client Services team as an associate. I'm interested in any personal experiences you've had with reps from CG and/or FAs themselves. I've already read...

14 Jan 2023

Hi, I have recently learned about JPM's Private Banking division and am considering applying for a position there next year. I think I understand the difference between the two types of roles: Advisor role (more client-facing, banker, relationship manager) vs Investment solutions role (more...

10 Jan 2023

Do they do the research job likely in AM as a junior? Or it's like some of them do analysts and the others just do sales?

13 Sep 2022

Hello all, Whats the private banking industry like, especially at JPM? Such as work, comp, culture, hours, exits potentionally

06 Sep 2022

Hi all, can't decide between 2 offers and would like some advice. For some context, I have been working in S&T as a trader for the past 4 years after graduating and have been trying to pivot to PB/WM after receiving my bonus this year. I am fortunate enough to have 2 offers (HSBC and DB). Both are...

31 May 2022

I have recently received two offers for this Summer, one at PIMCO as an Account Analyst in Singapore and the other at Citi Private Bank in Hong Kong. I was wondering if anyone could provide some insights on the career paths and exit opportunities for both and compare AM Sales and PB as a whole. Any...

23 Feb 2022

I am a recent M7 MBA graduate who accepted an offer to be a Private Wealth Advisor (Starting as a PWM Associate) at Goldman Sachs Private Wealth Management (GS PWM). I worked in finance before business school and went to MBA to stay in finance to multiply my earning potential. I was attracted to GS...

31 Jan 2022

Interested to receive some input on career path options. I have experience at an independent broker dealer working in operations and client facing roles, as well as business development and some derivatives trading for old school advisors. Also, I have worked for BB in back office. I have my FINRA...

19 Jan 2022

Hi, Does anyone have information about how much the total compensation throughout each of the analyst years at JPM Private Bank is (ideally in London)? Is there a bonus and how big is it? I read that the analyst program lasts three years in the private bank. What is the salary progression throughout...

30 Dec 2021

I have summer internship offers at both JPM and BlackRock, the roles are: JPM: Investment Solutions at J.P. Morgan Private Bank "Work with our teams to understand client needs and examine market activities to develop and execute strategies that help clients meet their financial goals Partner with...

20 Dec 2021

Hi, I accepted an offer for a summer internship with JP Morgan's Private Bank with their investment solutions team (not the advisor/sales side). I am excited about this but people have told me that private banking/wealth management sucks, even though I think I would enjoy it. Does anyone have any...

08 Dec 2021

Hello everyone! I just finished my superday last week and got an offer call this week. Have been hearing that JPM overhires summer analysts and the conversion rate to full-time analysts is low. I'm just wondering how accurate this statement is in the private banking division. Any thoughts would be...

27 Oct 2021

Hello, I'm working in secondary private equity as a second year analyst on middle office team, doing investor reporting, preparing fundraising and marketing materials, and preparing presentations for senior management. I recently interviewed with JP Morgan Private Bank in Miami and they're extending...

06 Aug 2021

Anyone has done HV for JPM PB SA 2022? Any color on the questions? Thank you! I applied for HK, but insights on any locations will be appreciated

19 Jul 2021

Hi all, Currently I'm a PB analyst (RM/Investment) in a Balance Sheet Bank, think (HSBC, BNP...) in Asia. I have worked almost a year and planning to move into IB/ER (prefer IB more). The main reasons are that the exit opportunities are limited and its technical side is too narrow. Background:...

28 Apr 2021

Can someone explain this job to me? They're sales, arent they? Essentially, investment specialists pitching products to clients based on products from solutions team. Lifestyle, salary & actual job requirements? Is this an admin job? or an advisory job?

19 Apr 2021

Has anyone done/ heard about the Citibank private banking analyst position? I have a superday coming up, and there are 3 interviews (leadership, experience and technicals). If anyone has done this superday before / know about some knowledge about this, I would appreciate it greatly! Thank you in...

23 Mar 2021

Hi everyone! I'm applying to summer internships next year and thought it might be useful for me and others to find out which divisions are the most difficult to get into. What do you think? The divisions (randomised) are... - Risk Management - Asset Management - Compliance - Private Banking/Wealth...

13 Mar 2021

Obeji Group's private bank BEMO EUROPE – Banque Privée was founded as a Universal Bank in Brussels in 1973. Since then the Bank has constantly evolved: 1976: Establishment of the financial company EMIC in Luxembourg. Owner of the Bank, EMIC's sole shareholders are private families. The Paris...

20 Feb 2021

Hi everyone! :) I am a Spanish graduate student attending an Ivy League university in the US (think Wharton/Columbia/Yale) studying finance and economics. I know I want to work in the Buy Side but I am still unsure if I should do AM or PB. I appreciate work/life balance and I would like to work in...

26 Jan 2021

There was a post talking about how JPM has their AM groups split into three types of people. The title of the post is "Private Wealth Management/Private Banking guide for associates". One of the types of people was a Private Banker: a person who "focuses on new business acquisition and on...

26 Aug 2020

Had received offer for Corporate Banking and Private Banking (combined) spring week at Barclays. They cancelled due to corona and will start fasttracking around June. They're first going to give us an online session to learn more about each division to help us decide which we want to be interviewed...

14 Apr 2020

Will provide more details if helpful, but basically: * I'm a first-year undergraduate, and a little while ago my friend's dad told me he could try and get me a spring internship at a private bank. (Friend's dad does not do banking, just has friends that do.) * My CV was passed around a bit, and now...

07 Jan 2020

One of my good friends whom is an alumni of William college and Oxford university has worked in fixed income for over 15 years primarily at Bank of America where he was a managing director of fixed income sales. During his tenure he was an integral part of 351 deals totaling over 89 billion until...

19 Sep 2019

Once and for all - Here is the best guidebook I can give you for PWM/PB at the Associate level. Enjoy and show me some love... 1.1 What is Private Wealth Management? 1.2 Who is a High Net Worth Investor? 1.3 Industry Today 1.4 Career Paths within Private Wealth Management 1.5 How to Build a Book 1.6...

23 Mar 2019

Hey Everyone.. I have finally joined WSO after years of lurking... hoping some of you can help put me in the right direction. I started my career different. I saw so many friends go to university and graduate with a finance degree only to go work at some retail company making minimum wage. I didn't...

01 Jan 2019

Has anyone attended a superday for Private Banking at JP Morgan? I have one coming up and would greatly appreciate any help. Questions asked? How many interviews? Which location? Overview of the Private Banking JPM Super Day Interview The interview will likely be 6 interviews. According to our...

19 May 2018

Applied for Private Banking Internship at JPMorgan. I first had a video interview on Hirevue about a month ago. After that I asked to proceed in a phone interview with private banking department in Atlanta. It has now been +2 weeks and I am wondering if anyone has heard back and been told about...

09 Nov 2017

Hey y'all!! I wanted to ask about breaking out of management consulting in the financial services industry, and transitioning into a private wealth management/private banking role. Generally on my background: *Consulting sales experience *Solid network of HNW individuals *Speaks Mandarin and German...

13 Oct 2017

Hi guys, Does anyone have any experience with the banker team structure at Citi's PB? My understanding is that it's composed in the way I list below, but is this correct? Also, what's the difference between an Associate Banker and Banker Associate? Is one better than the other? Are the Associate...

08 Apr 2017

What do you think has more long-term job security and income potential? Being a Relationship Manager as a Commercial Banker or Private Banker? Seems like everyone is trying to be a Financial Advisor these days. Building a book of business is going to take time for either, but the personal side I...

06 Apr 2017

HI, I have been invited to an assessment centre at RBS- Coutts Bank on Wednesday. This is my first banking/ finance assessment centre and I am very nervous as I have no background in finance. I was wondering if anybody has taken part in the RBS/ Coutts bank assessment centre for Private banking? If...

21 Jan 2017

Hi there, I am currently looking at a few offers for this upcoming year and I think they're all great opportunities. Personally, if I were to stay within finance as a long term career, I would be interested in being in a sales or fundraising type of role, with a strong aspect of relationship...

06 Nov 2016

Hoping someone can provide some insight on Private Banking analysts and what their normal day looks like, specifically at Citi. Also, is there any interview info or tips anyone could provide? To those of you out there at Citi, anything special you guys had in your cover letter or resume that you...

08 Oct 2016

Recent paper by Swiss Finance Institute on state of private banking in Switzerland with practical implications and recommendations. PDF available here: http://swissfinanceinstitute.com/system/tdf/WP_In… Abstract: This paper analyzes the industrialization processes of Swiss private banks against...

08 Sep 2016

The goal of the post is to reach out to professionals in London regarding getting INTO private banking / family office space. A person in question looks for a position within the target space and is basically seeking advice regarding two aspects: the firms and how to apply. Candidate: Education -...

31 Jul 2016

Hi guys, looking for some help here.. a bit of a background first.. I attended uni in Asia studying engineering, and then completed a Masters in Fin from Europe. Came back to my home country (in Asia) post Masters (wrong time to graduate in EU - 2012), and found a job providing valuation services to...

10 Jun 2016

I just started my internship in corporate/investment banking at a MM in NY and although its early, I don't believe this is the right path for me. I've started looking into for full-time roles in asset managementas I like the structure of these programs more. Does anyone have any knowledge on AM...

30 May 2016

Hey guys- I am looking at banks with PB functions (so think MS/GS/Citi/Boutique PB) that also raise Private Equity funds. Would the PE fund be considered an investment manager from an operational standpoint? Investment Advisors in PB typically recommend asset allocation strategies to their clients,...

03 May 2016

I've been trying to do some research on pay for summer analysts at Private Banks (JP Morgan, Citi, Goldman, Morgan Stanley, BAML). There's a lot of information on investment banking summer analyst compensation, but no much for the private banks (if there is a difference at all). Would appreciate any...

14 Feb 2016

Apologies for the simple question. I've been offered a job within a large-ish Private Bank in Hong Kong (top 10) as a Manager/Associate Director of Credit Structuring within the Private Banking business focusing on Greater China. I come from a M&A background (7 years) myself, whilst the role is...

02 Feb 2016

What do you know about it? Have you been there, did you like it? Any type of information and thoughts are highly appreciated. Thank you.

30 Jan 2016

Hey guys I wanted to hear your thoughts on the Private banking/PWM route (I'm assuming they are the same thing?). A few people I am close to were once big traders in BB firms and now they advocate Wealth Management for BB banks. Is this bad advice for someone so early in their career path (Looking...

06 Aug 2015

I was wondering if someone could provide me with a list of the most reputable private banks in the US and in Canada? I have been doing a lot of research, but am having a hard time differentiating between something like JP Morgan PB and Goldman Sachs PWM. Ultimately, I want to be going into the PB...

13 Jun 2015

Hi guys, Two of my friends accepted SA positions with Fidelity ER and JP Morgan PB , therefore they know now that they starting analyst salary would be 38.5k pounds for Fidelity and 50k for JP ( the salary just got increased from 45k to 50k). So I am a bit confused, how can there be such a...

31 Mar 2015

I'm currently working on a project which requires analyzing the structure of private banking and wealth management in banks, however until now, I have not been able to gather enough information/organization charts to have a fair analysis. I would greatly appreciate if any of you fellows can assist...

31 Mar 2015

Hi everyone, I work in London in a US BB bank in private banking as an Investment Advisor. I've joined on a grad scheme in 2011 from a target school. Unfortunately I have entered PB relatively randomly and I definitely crave for an institutional role. I understand that 3/4 years down the road my...

01 Mar 2015

I just got invited for a private banking summer analyst interview in NYC. It's says its the final round but I haven't had any previous interviews and I go to a non-target. I was wondering if this was going to be a superday? Also what types of questions should I expect? More behavioral or technical?

01 Dec 2014

Hello everyone, I have an interview in a month for a Private Banking (wealth) internship at Credit Suisse in Eastern Europe. It might be my only chance to get an internship as my other applications were unsuccessful. I need to be prepared so I am looking for your help. What type of questions should...

10 Nov 2014

Hello everyone. I amshortly having a phone interview with a Switzerland-based private bank for a position in Asset Management. Does anyone have similar experience? What to expect on the interview? As it is on the phone (with function head), I do not expect a lot of technical details. Would...

09 Oct 2014