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ROI on my masters for IB or non-relevant WM
Hi all, posting here for some advice and opinions on my situation. So long story short, I'm hoping to break into investment banking or M&A Consulting... but I'm a part of that group of people who found this "interest" late in the process and I dont have any relevant internships to break in with just...
Cannabis a valuable ‘New’ Industry for New York
With law makers, and State officials starting to draw up legislation to legalize cannabis in New York. Analysts and Experts from the industry are estimating the market could be worth in excess of $1 billion USD and offer a profitable alternate produce for local famers. It’s not if but when New...
PNC Wealth Management Internship
Is it mostly just a sales position? What specific tasks are interns expected to complete? ............
Nine Months of Soul-Crushing Unemployment - Advice Needed
Hi all, About nine months ago, I was let go from my first post-grad position at a small RIA (a story that I shared here previously). I've since met up with my former boss a few times, and he confirmed that my position was eliminated - they haven't hired anyone in my place. That being said, my job...
Breaking Back Into Banking
Hello fellow monkeys. I have a question for you all. I am currently working in the billing office of a well-known law-firm in the NYC area for about 3 months. Could not find banking job out of college so took law-firm gig. Graduated from a non-target and had a internship my junior year at a boutique...
What division title would you give this internship job description?
This internship job description from a BB could fall under many categories and was simply labeled as "Fall Analyst"-- what would you title it for say LinkedIn?
Asset Management / PWM entry level salaries in the UK
Hey buddies, long time no see. I was wondering what salary I could expect as an entry level position in an asset management/ pwm firm based in London. I have 2 previous experiences (internships in consulting & IB) and I don't know what could be my first salary expectations. Thank you for your help.
Will AI-Powered Banking replace Financial Advisors/Wealth Managers?
"You can apply the same principles to a bank account as a driver-less car" Here is an interesting article that talks about new uses for AI in consumer banking: [quote] In Canada, millions of people are handing over control of their money. Not to an expensive financial adviser or bank manager, but to...
Wealth Management Research Analyst
Would like to get your thoughts on being a research analyst for a wealth manager. The position would entail doing third party manager research and due diligence. - How are wealth management research analysts viewed, given financial advisers are at the front of the business? - Are the skills learned...
Internal Wholesaler vs. Analyst at newly formed RIA
Hi Guys, I am between two offers. The first is for an internal wholesale gig, working for a highly respected investment management firm; the second is for an analyst position at a newly established RIA (AUM of ~200MM), where my functions would include placing trades, building portfolios, preparing...
No, Blockchain Doesn’t Threaten Wall Street
TLDR: It’s not about technology, it’s about brand value and how people inherently attribute trust I recommend reading the source post here w/ pictures & better formatting: https://ejahead.wordpress.com/2018/04/11/blockcha… Oh boy, I’ve been hesitant to talk about blockchain partly because...
Can Anyone Help: Trying to Break into IB from Wealth Management and obtaining MBA?
Hi all, I am new to WSO and have fallen in love with everyone's sense of help and guidance. I think I am in a difficult and different situation so I figured I would ask your opinions. I am currently in Wealth Management at one of the big four WM firms (ML, WF , MS, UBS) after being here a year I...
Leaving a current internship for a better offer
How should you approach the situation where you have a current internship in Wealth Management but get an IB Offer? I am a sophomore and have an internship at MS in Wealth Management, but I am entering my business school this summer as a Junior Transfer (non Target to Target), and we do accelerated...
How to Evaluate Offer vs. Lost Opportunity?
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Breaking out of consulting into PWM
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...
What's the difference between Wealth management and Asset Management?
I basically understand the scope difference, but more speaking in terms of perspectives, hours and salary. Thanks
Salary and timeline of a Financial Advisor?
Hey all, I was wondering if anyone can share some insight on what the starting salary and career progression looks like starting off as a financial advisor at a bulge bracket like MS or JPM . I recently just graduated this summer after having to take one class, and after many interviews I don't have...
Technical Questions for PWM Internship at BB
So I have a interview coming up for PWM at a BB and I would like to know how technical the interview questions will get. From what I understand, PWM mostly focuses on fit questions and less on technical, but I am still unsure on what to prepare for. Any info you may have would be greatly...
First Wall Street Interview: How Should I Approach The Interview
On-Site Interview next week: JPMorgan Chase Digital Wealth Management (DWM) BA role. More Digital/Content Marketing focused than your standard IB or AM role. First Wall Street interview with any of the big banks. Should I use the STAR/case study method to answer each interview question? I've also...
Graduate Talent Program 2017, UBS
Hi everyone, I just came across this offer and I'm pretty confused about the actual content of the program **The job title says: ** Graduate Talent Program 2017, Client Lifecylce Management UBS Zürich, CH **Description is: ** Are you ready to take on ownership and responsibility in the back office...
CITI PB Banker Team Structure & Associate Roles
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...
Relationship Manager - Commercial Bank vs Private Bank
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...
Should I stay in bulge bracket firm (WM side) or leave for new summer opportunities? (Junior)
Hi guys, I am a junior and I'm currently working in wealth management division for bulge bracket company as a part time employee now (After working for them for 10 months I've transitioned into part time employee or Clients Services Associate). In terms of my goal, I would like to go into S&T (More...
Quit BO role before I hit the desk to pursue FO role?
3 weeks into my training at one of the top 5 investment banks and I already want to quit. I am already looked down upon as the compliance guy and I am sick of it. AND this is by colleagues who haven't even hit their desk yet. I am very intelligent, an assertive body and I thought after some UN work...
RBS - Coutts Bank- Private banking/ wealth management graduate scheme assessment centre
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?...
Anyone use any automated/algo wealth management apps?
Looking for some reviews on some. I know Wealthfront is big and Exeq seems to be an up and comer in beta, but not entirely sure.
Spontaneous Phone Interview Question Help for Very First Internship
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Best Career Track for Young Pro After CFA®
Hi All, I've been reading WSO for a while not but haven't written or commented much. Last weekend I sat for Level 3 of the CFA® Exams and feel pretty confident about it after passing the first two levels on my first try. My question for the community is, what career path would you recommend for...
Portfolio Construction Analyst Interview Help!!
I have an interview for a BB in their PWM business for a portfolio construction analyst role. It's entry level for a team within the division. Won't be part of an advising team, but an internal team that helps advisers with asset allocation, quant analyses, manager selection, creating reports, etc....
Citi Private Bank Information
I have been trying to research Citi Private Bank, but there really isn't a lot of information online. I have an offer from Citi Private Bank and was looking to hear what people had to say about them. I was wondering if anyone had any experience/insight on Citi Private Bank - would really appreciate...
The job equivalent in CA or US?
Hello all, Hope this is the right forum or sub-forum to post my question. If it's in the wrong forum, could the mods mods move it to the appropriate one? Thx My friend is thinking of moving to Toronto or NY from Hong Kong and currently his job title is "Customer Relationship Manager" in the Wealth...
Life after BB Private Banking... need advice
I'm a second/third year analyst at a BB Private Bank in the Southeast US, and need advice on where to take my career from here. The way I see it these are my options at the moment: - Climb the ladder at my current bank and try to move internally - Go to business school (would only go to top 15) -...
What is my next move within PWM?
Hey all, Trying to determine my next move. Spent the last 2.5 years (right out of undergrad) at a family wealth management office. Not much room for growth so looking at other opps within private wealth management/banking. Any specific programs or companies I should look at or should i Just apply to...
What Are You Doing At Your Internship?
First, a little background. I'm a rising junior interning at a major wealth management firm this summer with career goals of investment banking after college. This summer I have primarily been sitting in on calls with advisors and shadowing them. Also, I have done lot of clerical work and any other...
Webinar Rewind - Life Inside a Fee Only Wealth Management Firm + Q&A
In case you missed our August 20th webinar entitled Life Inside a Fee Only Wealth Management Firm , have no fear. The full recording of the webinar can be found below (free until Thursday night when it goes into our video library ). SIGN UP FOR A 1-HOUR MENTOR SESSION WITH BEN And, as always, if you...
St James Place Wealth Management?
Hi guys, just curious if anyone here has heard of SJP? They sound more like a fund of funds though. Just wondering what the exit opps etc are from joining a big wealth manager like these guys?
Help Needed! Wealth Management
Hey Monkeys, I was just wondering if I could get some help from you guys. So I work for a real estate crowdfunding company called Sharestates. And in order to broaden our investor base, we are trying to contact any wealth management people. If you any of you guys work in wealth management or have...
Goldman Sachs Investment Management Interview
I have an upcoming interview with Goldman IMD. Is this mostly fit or will there be technical questions too? How in depth do I need to know the market atmosphere? investment management goldman sachs interview process Goldman Sachs Investment Management is an Asset Management internship. The interview...
Private/International/Global Wealth mangament questions
Had some questions about wealth management to explore my career actions. What are the various duties involved besides the obvious? What are the hours like? Vacation time? What is the compensation?
Wealth Management but don't want to be an Advisor
Hi, I'm very interested in working in wealth management as an analyst/ associate (working with clients, equity research , analysis) as a job out of a target school, however I do not want to be an Advisor in the long run. Is this a good route to take? What are some other exit ops? Would be very...
I want to work with people, not companies
I was just wondering what my options were as far as working with people, as opposed to companies, besides wealth management?
Question regarding application for internship
Hey guys. if you haven't seen my introduction thread, I'm bnsly, a high school student from the Bay Area. Anyways, I have been considering applying to an internship quite recently but was disappointed to find out that it was for those with at least a high school diploma. Considering that i'm a high...
What are your thoughts? Student seeking advice
I am currently a sophomore at a non-target, main objective is a front office SA /Full Time position. Any of your thoughts or opinions would be great. I am currently considering the following positions for an internship this summer: Merrill Lynch Wealth Management at a main office in Central NJ...
Breaking into a junior or entry level Asset/Wealth Management position.
Hello WSO Community, I've been trying to find ways of breaking into the finance industry- possibly asset/wealth management, however, I don't have a background in finance/econ (I work in tech. and have for the past 5 years). I do a lot of self study on finance, love staying in the loop with all the...
About PWM
So here is the story: I applied for a BB job through my school's career website, the job description didn't specify which division the opening was from. Later I found out from the disclaimer under the associate's email the opening is at PWM . He asked me to do a excel based test next week, saying it...
Bessemer Trust Culture
Not much info on here for Bessemer Trust. Anecdotal stories have suggested that they have a very conservative culture. Anyone else have experience working for them or have an idea of the culture?
Why is wealth management looked down upon?
Why is wealth management/financial advising looked down by most people on Wall Street? It's one of the highest revenue generators for the banks. I understand it's a glorified sales position when starting out but after you've built your book, you pretty much have full control of your clients assets...
Traditional 401k vs Roth 401K
Hey all, did a search in the forums and extensive research online, and am trying to decide which option is better for people starting in finance (assuming all things else are equal: employer matches etc). Would be very grateful to any advice or wisdom shared! Apologies if this is posted in the wrong...
Freshman Wealth Management Internship - Advice?
Hi! I'm starting a wealth management internship soon, and I'll be a sophomore in the fall at a target school. Any advice/things I should do to prepare for this internship? Thank you!
Deutsche Bank Jacksonville vs PE wealth management offer
What would people choose if they had a front office markets position with DB but also had a private wealth management offer for a BB in more typical financial hub. What do people think of the two, what would my exit opportunities out of a regional office be like if I wanted to move to NYC after...
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