Looking at applying for a job Goldman Sachs or Morgan Stanley. Currently work in High Net worth investment banking and have my series 7 & 63. I currently make $65k and live in Utah. Any recommendations for positions I should apply/would be a good fit for? I am 1 semester away from having my Bachelors degree if that helps.

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Posting as :
works at
You are currently posting as works at

What is “high net worth investment banking”?

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All good was just trying to understand what you do

At wells, high net worth bankers can make past $250k a year

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Are you wanting to work as a producer in Wealth Management at MS or GS? They differ in client type. GS is $20MM+ where MS is (I think) $500M plus in wealth management and $20MM in PWM.

Your desired role will be a big variable. If you are a producer, MS has a better payout once you hit a certain threshold. I was a Private Banker at WFPB for a couple of years and worked at MS PWM. WF was a salary+bonus model. Morgan is grid and GS is salary then grid after you hit a certain threshold. At least how I remember it. MS has a training program.

You can also join an existing team in a variety of capacities. Investment analyst, client service, PM, or product specialist. I think overall you are in a good spot. You have some experience, but won’t be pigeonholed into a very niche role.

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Producer as in an advisor or business development role. Will you want to bring in business and manage assets?

Analyst and associates are different in the private client world than investment banking/PE. An associate in the private client world is typically a client service associate and a larger team may have an analyst that helps to manage portfolios and preform due diligence.

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Posting on behalf of my friend :
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