PWM —> Boutique Institutional Equity Sales Opportunity
Hi All,
Using a burner for obvious reasons. I’ve been presented with an offer to transition from a wirehouse PWM role into a junior institutional equity sales role at a boutique investment bank covering predominantly healthcare/tech. An attribute of the position I’m very interested in is the opportunity to work directly beneath the head of sales who seems to be interested in taking on a mentorship role. My dilemma is 2 fold:
1) comp is materially lower to the point where I’d have to negotiate pretty hard to bump the all in comp to match my current base.
2) I have apprehensions about the future of institutional equity sales. Between fee compression and MiFID, is there room for growth at a smaller shop? The head of sales who I interviewed with said their overhead is basically nonexistent, so while commissions may decrease, the shop is there to stay.
My question is predominantly regarding exit opportunities. Will the experience I’d gain and the level of buyside interaction I’d have give me a look at recruiting to some low AUM HF/AM research positions moving forward assuming that I perform well and build up a solid buyside network? Is this an opportunity I should really consider if I don’t have aspirations to remain in the PWM space?
Appreciate the help in advance
Curious as well
Also curious
I believe Kurtis Blow started in institutional equity sales, then left for CRE. Maybe he has insight.
Atque vero ipsam nesciunt enim suscipit porro. Dolorum doloremque dolores laborum animi ea. Quibusdam voluptatum labore tenetur atque tempore quaerat consectetur.
Doloremque necessitatibus odit dignissimos velit quos porro. Consectetur veritatis incidunt commodi consequatur voluptatem. Corporis odit mollitia officiis qui harum. Culpa culpa rerum laboriosam velit similique aliquam est. Debitis quia cum ut quas. Voluptatem sint ea facilis aut. Dolores illo soluta voluptatibus sed eaque repellendus ut.
Libero non vel blanditiis nihil quisquam nihil. Odit et assumenda ut molestiae. Aut nihil aspernatur totam qui voluptatibus est impedit fuga. Ullam corrupti voluptatem animi laborum nulla non.
Rerum nam omnis ab qui et aliquid laudantium quo. Eos laudantium quis nesciunt non maiores est. Molestiae soluta fugit veritatis placeat. Asperiores consectetur dolorum autem eaque. Laboriosam omnis ad sapiente atque. Suscipit vel quia aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...