Can someone give more information on JPM Private Banker Role Associate Level. I am being offered a 150k base. What is the catch in this role? Can someone give any insights ?

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Have to bring in clients within a couple years or it’s back to the factory

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I’m scared of leaving Goldman because I don’t know how in the world I will meet people with a 10 million book, and convince them to give to me. The salary is attractive though

likesmart

With a client book or are you starting from scratch?

Note I’m the level below you, my WM and PB work long hours, hussle every day and have a lot of stress to deal with. The “catch” if you do the work it is enjoyable, but if you don’t you can lose it quite quickly, the hours are long and clients can be a pain.

This is for an Associate level Private Banker role. You provide great insights on this. It just seems like where do you even start to find clients then? I would be supporting a Senior Private Banker with a book of about 1 Billion$ while also building my own book. It’s just a tough choice to be leaving Goldman even though JPM is offering a salary booster

What are you currently doing at Goldman?

PWM Client facing role but not my book of business. I work with Corporations

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Where are you located?

What is expected total comp?

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