Aug 14, 2017
Aug 14, 2017
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Career Advancement Opportunities
March 2023bob竞技体育游戏
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Lazard Freres(+ +) 99.5%
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Jefferies & Company(▽01) 99.1%
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Financial Technology Partners(= =) 98.6%
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Lincoln International(▽02) 98.2%
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William Blair(▲10) 97.7%
Overall Employee Satisfaction
March 2023bob竞技体育游戏
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William Blair(▲04) 99.5%
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Canaccord Genuity(▲18) 99.1%
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Lincoln International(▲09) 98.6%
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Stephens Inc(▲10) 98.1%
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Jefferies & Company(▲05) 97.7%
Professional Growth Opportunities
March 2023bob竞技体育游戏
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Financial Technology Partners(▲11) 99.5%
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Lazard Freres(▲14) 99.1%
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Lincoln International(= =) 98.6%
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Jefferies & Company(▽03) 98.1%
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William Blair(▲01) 97.7%
Total Avg Compensation
March 2023bob竞技体育游戏
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Director/MD (6) $592
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Vice President (26) $422
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Associates (140) $260
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3rd+ Year Analyst (9) $194
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1st Year Analyst (260) $171
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2nd Year Analyst (84) $170
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Intern/Summer Associate (43) $164
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Intern/Summer Analyst (191) $92
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LeaderboardSee all
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Comments (10)
Possible to go from Corp. Finance to Private Banking?(让奥ginally Posted: 04/17/2012)
Right now I have a Corp. Finance type of role at aBB.PBremains an interest of mine so I am wondering if I could make a possible transition after this internship.
I don't see why not. I don't thinkPBis as selective about their candidates backgrounds asIB.
Sounds good. But it says its not that hard to get into. That can't be right? Good pay, good comp, good hours...
As far as I know, Private Banking is super heavy on networking even more so thanIBD. Focus exclusively on relationship building. Most people who do well are already a part of high society that can bring in more clients and boost up assets under management.
A friend of mine has a friend who is Japanese and he got into one of the BB's Private Banking group because he went to the right schools and he is well connected. His job is mainly to bring in more clients to the firm and increase the group's asset base. To most people, it is hard to maintain relationship with a lot of rich demanding clients, not to mention bringing them in to your firm.
I don't think it is as competitive to get into. It may pay well, but I don't think its anywhere near the level ofIB. Doubt you get much of a bonus, and is probably on par with first year pay at a decent F500. It may be harder to get into, because of the nature of its functions. There isn't much of a need for "teams" of analysts/ entry level kids inPBas opposed to other industries.
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Learn moreI am in the same boat as OP. I would like to make the leap into aPBbecause it is likelyIBis out of my reach. What are the ways to break in without lateraling into? I am in my senior year and do not have the option of the summer programs to convert intoFToffers. What are the entry roles called to ask for when networking?
So what I'm getting from this is, in relation toIBit's not hard to get intoPBbecause you've already had some type of experience and it's a limited pay option. This is why people think it's not hard to get into? And it would be harder to be successful as an entry-level hire because unless you are extremely well connected it's not likely you'll bring real value to the company.
This doesn't sound like an ideal goal to transition to from a F500 corp finance role. What would be a preferrable step up instead?
Not too sure. You could try transitioning into Commercial banking first. Then go intoPB从那里。支付好了但比较少得多etitive thanIB/HF/PE/AM. You could also tryPWM.
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