Showing results:
Displaying 101 - 150 of 220
What are some common acronyms used on WSO?
If you are confused by all the lingo getting thrown around Wall Street and the WSO forums, you've come to the right place. We know it can be confusing but don't worry, we are here to help! Below you will find a comprehensive list of finance acronyms for words and phrases in finance. This is a great...
First Year MBA -> PWM
Greetings fellow monkeys. I am a 1st year MBA student beginning Sept 4, 2012. I have decided to pursue a career path of becoming a private banker in PWM . However, I do lack much relevant experience, and was hoping some fellow monkeys can go ahead and critique/destroy my resume into bits and pieces....
question about westchester (purchase) Morgan Stanely Internship
hell everyone.... I was wondering what internships were specifically offered at the MS headquarters in purchase, ny . I looked online and couldnt find much. I interned this summer at MS in a near by location and got some really good connections and networked well I think I have a strong chance of...
What To Do Before PWM
What experience do you think is necessary or just beneficial to have before getting into PWM ? I'm pretty sure I've decided that's what I ultimately want to do. Right now I'm working in a BB doing Operations for the Investment Bank. What kind of position should I be aiming for that would give me...
PWM and Ops Internship - Overkill?
I have done a summer Ops internship and am looking to get into IBD . If I have the opportunity to take a part-time unpaid PWM internship during my junior year, should I take it? Or do PWM internships show the same qualities as Ops internships in the context of getting an IBD SA (brand name, showing...
Hometown PWM versus Social Media start up for sophomore year
Hi, I just ended my sophomore year at a semi-target school (at Penn but not in Wharton). I was very late in securing an internship, but now have the choice to work for either a small wealth management company in my hometown or do a remote unpaid internship for a tech start up. The start up...
far too late
Academic Research vs PWM?
Hey guys, after a pretty competitive application process I found out today that I was accepted to do a research project with a finance professor at my school over the summer. However, based on the expectations my professor laid out, it looks like this position will be pretty much a full time thing...
PWM - Showing enthusiasm
PWM
Rejected from PWM, lol.
So I recently applied for a PWM internship (I'm a sophomore aiming for ibanking), and I found out today that I was rejected. It's super hard to find one because most want you to receive school credit. My school doesn't provide credit unless I apply for an independent study/find a professor to report...
Partner tells me PWM will be Boiler Room Style Cold Calling
Went for a PWM interview, apparently its going to be purely cold calling. He literally calls it a sales-marketing type of internship, brahs got any ideas of how to spin it off into something slightly more professional/finance related for pre-ibd experience or am I screwed? I'm a frosh
Advise like a Rockstar
In finance, a rockstar is usually defined as someone who produces the most profits for his or her firm or desk, it is synonymous with the “rainmaker”, though not necessarily with the BSD’s. It's a title dreamt of and lusted over by almost every aspiring monkey setting foot on the Street. This...
25 Guys to Avoid on Wall Street!
I found this blog pretty funny so I figured i'd share, and see what other monkeys have to add or say. Feel free to add to the list lol. 25 Guys to Avoid on Wall Street
How hard is it to get a UBS PWM internship?
Hey So Ive recently contacted some branch managers and I just wanted to know how hard it is to get an internship there. Ideally, I would like to get one in NYC . However, I am from a non-target school in the Midwest (UW Madison). I am a good student (Dean's List) and have a lot of HS leadership...
UBS Wealth Management SA in Weehawken
Anyone have any experience with this SA? It is for the private wealth management division of UBS , but not in a branch office, but at their PWM headquarters in weehawken. Any different? Exit opps after this kind of SA? I am interested in moving to Asset Management or research. Decent internship that...
would you take this offer/advice?
I'm a junior right now and I already sent out my apps for IB , but my old firm offered to set up a PB internship with a top BB for me They said that IB is overrated, that the money isn't as good since 08, and the traditional IB -> PE path is a path where fund managers and MDs basically treat you...
PWM roles: Senior Analyst vs. VP
Hi, I was asked this in an interview and wasn't sure how to answer it as I am not so clear in the distinctions... I have worked in Asset Management , but in a rather smaller firm where it was me and the PM only. I was asked how I'd describe the difference between the responsibilities of an analyst...
PWM interview case study at a $2bn+ AUM firm.
Hi all, I am being called in for a second round interview at a relative large (over $2bn AUM) PWM firm for a Senior Analyst interview. I have been told that I will be given a case study to do in-person. I wanted to know what to expect from this case study test? Anyone given one of these? Thanks for...
PE/HF the dream
Hi Guys, Currently have a FT lined up at BB in EMEA DCM FIG , (think GS , MS, RBS) having completed SA at MM PE shop think (KKR, CVC, 3i), but debating whether to accept FICC trading offer at PWM boutique specialising in EU CDS arb. What are your thoughts regarding exit opps? Ultimately want to be a...
PWM Job Security
Hey everyone, Background: I'm currently a junior at Emory Goizueta setup to do a summer internship in accounting but am exploring some alternate career paths. I am interested in staying in Atlanta. So I've been reading some posts about PWM / PB and see that the salaries are good with 60-70k base and...
Private Banking (ultra high-net worth wealth management). What can you tell me about it?
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...
Trust Fund Baby Face
These are the words which shaped my youth . Growing up poor in Brooklyn, these guys were the stuff of legend and when you're dirt poor and the peaks of Manhattan look like a literal Wall Street Oasis...you develop a different set of sensibilities. Even though I knew more than one living inspiration...
Please give me advice on ML PWM
I have a ML PWM internship setup for this fall, but my school is not wanting to give me credit for it. ML requires academic credit to be given for their internships, which seems to be the norm after searching WSO . Is there any way around this? Has anyone ran into this problem before?
PWM Internship - Best in terms of learning and experience
I am looking at PWM internships during the fall and have found Merrill, UBS, Smith Barney and RBC around my school. Which internship would be the best in terms of learning and experience? Also, is a PWM internship better than a general finance internship at a nonprofit or small company?
PWM Selected Experiences Help?
I have a Fall PWM internship and my financial advisor is pretty chill. I could work on anything I want most of the time. If I want to get into IB , what kind of jobs should I be asking to do?
How's this for a strategy?
Knowing that applying to BB 's FT for IBD without a connection is basically a lottery, would the odds be better if I just apply to PWM for BB and focus on MM and Boutique IBD (I do have a very good MM connection). Honestly, at the end of the day I need a job and I'm going an unconventional route...
No work email outside office
So apparently I can't get my work email set up on my phone. I'm a PWM intern and someone on my team said it's not possible to access work email out of the office. Does this happen at other banks as well? I don't believe it...
Bunch of Questions relating to Recruiting from a Noob
What's the role of HR? Are they the ones to analyze resumes first, or does it go straight to bankers? 2. Will commercial/ private banking internships help in landing a summer internship at a BB ? 3. I was going through Penn's career survey reports a couple months ago and saw that a ton ended up...
Which Internship is Better?
Currently have a sales internship at a brokerage firm. Decent pay but I cannot imagine doing this for 3 months. Looking at the following two internships, no guarantee that I get either one, but I have a small network at both. Bulge Bracket, Los Angeles Branch: Private Wealth Management or No Name IB...
Do i have a chance to get into BB IB?
Hey everyone i am trying to figure out if i have any chance of landing a interview/internship/ job in BB investment banking. I just finished my sophomore year at non-target school. I am extremely active on campus, i.e. VP of Fraternity, project manager (business fraternity), entrepreneurship club,...
Public Finance-Ibanking vs Fund of Funds vs PWM
Hi Guys, I just received three offers for three different positions and wanted to see if ya'll can help. I'm deciding between public finance- investment banking analyst role, well-sized fund of funds analyst, and PWM analyst position with a BB . What do you think is the best position as far as comps...
WTF!?
Well I was on WSO and found high school students looking for summer internships... I was literally shocked since I am a high school senior myself... Am I suppose to look for an intern now?? And what is the normal route to IB?? What kind of intern do you do in your freshman and sophomore?
FAs/PWM Guys - Can We Get The Real Scoop? THX
So I know many HF / PE guys, mid to late 20s, who at some point during college interned with a retail broker/financial advisor ("FA")/private wealth manager. You know, those resume padding internships (many unpaid) where you are an FA's gopher for a summer "learning about the stock market"! Despite...
unpaid interns get $$$ under the table
I'm a freshman and will be working unpaid at UBS PWM this summer. I'm wondering if anyone who was done unpaid freshman PWM internships ever got any money "under the table" as the saying goes. If not then this summer is really going to suck.
Advise me on this job position?
Background info: Junior at a semi-target, Economics major, bad GPA (~3.0), decent extracurriculars. Got interested in the field around December of last year (2010) and was too late to participate in any structured form of hiring. I started cold-calling mostly IB and some PWM firms about a week and a...
How do you get 25 mil clients in PWM/PB?
From what I read on this site, it seems that you are expected to obtain clients as an analyst or associate in PWM . If you are working at a BB that only takes extremely rich clients, how are you expected to do that? If someone is in the business (BB's or other respected places), can you inform me on...
Barclays Wealth Americas Summer Program
Just curious if anyone has any information with regards to BWA? Can't seem to find anything through the search function. Keeping it broad because any info will be helpful. Phone interview setup this week.
From a Top 10 Business School to PWM to Trading? Is it possible?
Hey guys, just wanted to gauge everyone on this. I went to IU's Kelley School of Business (undergrad) and graduated May 2010 (finance major). I've always been doing sales so after getting rejected by a few banks (I definitely didn't work as hard as I should have to land a IB job), I decided Wealth...
Just how easy is obtaining a PWM job?
While I have been searching this website, it appears that a PWM job is much easier to obtain than IB or S&T . Although this may be true, what credentials do you need to get a job at a top BB or a reputable MM firm? Are analyst positions still dead end jobs at top firms? is a reputable MBA possible?...
Multiple Internships or Not?
What's more important to have on a resume, various experiences or one experience over a long period of time? For example PWM UBS and Morgan Stanley part time or a single Hedge Fund Internship? I'm in this situation. It would be great if anyone can give me suggestions.
Is PWM worth it after undergrad?
I'm graduating this year and have been considering going into PWM as an investment advisor full-time. I have done a couple summers at a bb and have a good idea of what is involved. I pretty much have no other offers. I am aware that 90%+ of new brokers fail, that being said, is there any potential...
Another cold call job for me?
Gurus,
PWM recruiters / head hunters
Does anyone know recruiters specializing in PWM recruiting? or has anyone used one before and could shed some light? I am currently an IB analyst, looking to move into PWM . Any info / advice would be greatly appreciated.
Next year
I'm a freshman and will be interning at UBS PWM this summer. I have a strong GPA and attend a small private LAC in New York. I want to work in IB or AM / PWM after college. Give me suggestions for my remaining summers. Where should I intern next summer? After that? Goal for FT? Thanks.
1st year FA PWM pay at ML, JPM, etc.
How much do financial advisors make on their first year when they have 0 clients. I've herd starting salary is around 40-50k but wouldn't it be possible to make like 10k if you struggle to get clients
PWM Leads?
Do firms usually give employees a list of leads? Or are employees usually expected to generate their own leads? Are employees aloud to bring the list home? My parents are an hour and a half train ride away from NYC , so I figured I could kill 2 birds with one stone by living with them for 1-3 years...
JPM Private Bank vs Private Wealth Managmenet - first year analyst salary diff?
Anybody know the salary differences for first year analysts? I understand the difference between the two distinctions (PB vs PWM)... although I went through the interview process and still don't know which I interviewed with. Got this email: "We suggested you would be a good fit for either the...
PWM vs. Hedge Fund
What is the difference between PWM and hedge fund? I understand that multiple investors pool their money into a hedge fund, but isn't that similar to what PWM does?
AllianceBernstein PCS
Currently sitting on the waiting list for 2 BB SA S&T roles in sales and trading (sounds like I'm near the top for one, got call back next morning, chances?) and am starting to look at other areas for this summer (I'm a Junior) to try and leverage into a FT shot. Is Bernstein Private Client Services...
Sophomore summer in PWN
So I am a sophomore at a non-target looking for internships. I have had zero luck looking for positions in IB (no surprise), but recently was offered a payed position at a small PWM firm in my town. Should I try to hold out for a more prestigious firm? Am I going to have a hard time spinning this...
or Want to Sign up with your social account?