Showing results:
Displaying 1 - 50 of 121
Private Banking or RIA?
Hello, I am an undergrad student doing a wealth management summer analyst internship with JPM private bank. I really like the resources, benefits, and connections I could gain by working in private banking as well as the doors I hear it can open. The starting salary + bonus would also be pretty high...
Private Banking - Portfolio Manager tasks?
BB Private Bank groups can be split up into 3 distinct categories from what I understand. Client Advisors, Trust Officers, Portfolio Managers. I'd like to understand more about the PM role. What does it look like in terms of starting out as an Analyst and making your way up? Hierarchy? PMA, PM1, PM2...
JPM Private Banking Superday
Hello fellow Primates, I have a JPM PB super day coming up and I am super excited! I also really want to secure the internship. I have been prepping for the behavioral questions but am not as confident about my answers when it comes to more technical questions. I am aware that WM and PB tend to be...
Including Major Gpa and leaving off cumulative GPA off resume?
I have a 3.7+ major gpa in a business related major(non-finance), ~3.0 cumulative gpa, and 2 finance related internships. I am looking to recruit for full time 2025 positions for Wealth Management, Private Banking, Commercial banking relationship management, and possibly corporate banking. Is it ok...
Should I leave my GPA off my resume?
This in regards to applying for full time wealth management and private banking roles. I am a junior with a 3.1 cumulative GPA and 3.85 major gpa for business management. I have 2 finance internships(one is in wealth management) and want to know would it benefit me to leave my gpa off or only put a...
How to break into private banking?
I am a junior looking for a full time private banking position in the NYC area for 2025. I have internship experience with a sophomore consulting internship in financial services. Additionally this upcoming summer I will have wealth management related internship at a large asset management firm. I...
Margin lending for buying private company shares pre-IPO (personal account)
My girlfriend is an early employee at a very successful UK tech company. She has stock options worth nearly £1m based on the price of the last private financing (completed in the last 6 months) and management believes this is the last round before the company goes public in the next 24-36 months...
Private Banking Salary Progression
Hi guys! I am looking for insight on the long-term salary progression of Private Banking . WSO has a lot of data on entry-level compensation, but I was hoping someone could share comp numbers for 5+ years of experience and maybe even MD comp ranges.
Moving from private wealth management to investment banking (london)
Hi, So I am a recently graduated finance student from a non target wanting to get into IB. I have one internship in private wealth management at a boutique firm in london and networked a lot, had about over 50 calls however all haven’t really gone anywhere (tbh I haven’t really been keeping in...
private banking or commercial real estate brokerage
I just graduated with a finance degree and accepted a job in private banking in miami. I also interned with this company last summer. I am from philly and am interested in commercial real estate brokerage because I like real estate and i know the earning potential is high after a couple of years. I...
From Law to PWM, now back to Law?
Hi guys, Maybe someone has some advice for me or just dropping ideas. I am 29 years old and I am actually a law graduate. After my law studies in my early 20s, I have realized, that I am somehow more interested in client work and finance. Therefore, after my law studies, I pursued a Master's in...
Does cold-calling qualified leads--High Net Worth individuals--work in Private Banking?
Hi Folks, Conducting some research on cold-calling/outreach and would sincerely welcome your feedback. Simple question: Does cold-calling work in Private Banking , specifically calling on individuals with $20+ million in liquid net worth that you have QUALIFIED and KNOW they have this level...
Does cold-calling (targeted fit prospects) work in Private Banking?
Hi Monkeys, Does cold-calling work in Private Banking, specifically calling on individuals with $20+ million in net worth? How many of you have actually been successful using cold outreach as one of your primary sources of new business? Some say they live by it while others say it does not work....
Risk to Quant Strat
Hi All, An introduction: I am a Junior at Ivy League School studying Operations Research/Quant Finance/CS. I was extended an offer by top BB bank [GS, JP Morgan, Morgan Stanley] for consumer credit risk - not in corporate or market funct. unfortunately. The role seems challenging and a majority of...
JPM Private Banking Groups
Hello all, Know that PB at JPM has different sides like Advisors and Investment Solutions, but I want to know more about the details of the groups and teams at PB. As I know, Advisors can also be split into lending, bankers, and investors (but I don't know the differences between "investors" and...
Capital Group - What are your personal experiences?
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...
JPM PB roles
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...
What do juniors in PWM do in work?
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?
Private Banking at JPM
Hello all, Whats the private banking industry like, especially at JPM? Such as work, comp, culture, hours, exits potentionally
HSBC Private Bank or DB Wealth Management?
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...
Comparing two offers: PIMCO Account Analyst (SG) vs Citi PB/PWB (HK)
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...
GS Private Wealth Management post MBA
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...
FINRA Licensed: Best Career Options
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...
JPM Private Bank Compensation Progression
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...
J.P. Morgan or BlackRock?
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...
JP Morgan's Private Bank
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...
JPM PB summer analyst conversion rate
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...
Switch from middle office secondary PE to private banking
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...
JPM Private Bank Advisor 2022 SA HK
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
From PB to IB/ER
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:...
JP Morgan PB, Investor. Can someone explain?
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?
Citibank Private Banking Superday
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...
Rank these divisions by how competitive they are for summer internships.
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...
BEMO EUROPE
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...
Summer Internship Decision: JPM PB vs D&C ER
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...
JPM Private Bankers??
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...
Corporate Banking vs. Private Banking
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...
Coffee with Executive Director -- any advice welcome!
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...
Is it age or a recession?
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...
Private Wealth Management/Private Banking Guide for Associates
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...
Confused about my career...
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...
JP Morgan Private Banking SuperDay
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...
Has anyone heard back from JPMorgan Atlanta?
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...
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...
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...
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?...
Investment Consulting vs PB/PWM: Which has better exit opps, better regarded
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...
Cover Letter / Interview Advice
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...
SFI White Paper: A Strategic Road Map for Swiss Private Banks
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...
or Want to Sign up with your social account?