Quote:
Originally Posted by Unregistered
Why not jump into PE/HF?
PB: I would not jump into PB unless I know I can secure clients. Base will definitely not be that high. I'm not too sure about this, but I think that JPM pays the highest here; probably slightly below $8k/mth? The other banks (non-bb) usually pay <$6k/mth. Your future compensation will be determined by how many clients you can secure. If you're not able to get a minimum number of clients, you would likely to be cut-off after a number of years.
I'm not sure about AM though. Fresh grad $8.5k/mth for BB sounds about right.
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Are you in the finance industry?
Because PE is so ridiculously small here that it makes no sense to jump into PE. Maybe, better hours... But the pay from many of the shops are crap.
Hedge fund...? Few ibankers have transferable skills to hedge fund and they rarely transit over; unless he's in a trader role?