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  #411 (permalink)  
Old 14-11-2021, 10:55 PM
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There is a lot of confusion between Asset Management and Wealth Management. Wealth management is done by the sell side banks and they serve individual customers be it retail or accredited investors. Asset management refers to buy side ong-only asset management firms and they serve accredited or institutional investors. These are typically trillion dollar asset managers like blackrock, vanguard, etc.

Wealth management or corporate banking in banks typically pays 5-7k for graduate programs. Asset management companies such as cap group or wellington pays 10k for their fresh grad analysts. Huge difference in prestige and pay.
Sounds about right. This is cap group's analyst program

s://.mycareersfuture.gov.sg/job/banking-finance/cap-associate-capital-international-3dcd08cfc3ecaf1f01121a5402171114

Right on par with investment banking salary

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  #412 (permalink)  
Old 15-11-2021, 03:59 AM
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There is a lot of confusion between Asset Management and Wealth Management. Wealth management is done by the sell side banks and they serve individual customers be it retail or accredited investors. Asset management refers to buy side ong-only asset management firms and they serve accredited or institutional investors. These are typically trillion dollar asset managers like blackrock, vanguard, etc.

Wealth management or corporate banking in banks typically pays 5-7k for graduate programs. Asset management companies such as cap group or wellington pays 10k for their fresh grad analysts. Huge difference in prestige and pay.
Agree. AM arms in banks cannot be compared with AM companies.

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  #413 (permalink)  
Old 15-11-2021, 04:36 PM
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Investment Banking > Global Markets > Private Banking > Wealth/Asset Management > Corporate Banking > Commercial Banking > Retail Banking

Feel free to add on your inputs if you have any.
Most people go from IBD to AM....especially on the investing side. Pay and bonuses for top portfolio managers would trump any MD in investment banking anyday.....

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  #414 (permalink)  
Old 19-11-2021, 11:30 AM
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How is the WLB here compared to New York or London?
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  #415 (permalink)  
Old 21-11-2021, 10:42 AM
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Investment Banking > Global Markets > Private Banking > Wealth/Asset Management > Corporate Banking > Commercial Banking > Retail Banking

Feel free to add on your inputs if you have any.
Agree with this if we are talking about average quality of analysts. But the pecking order depends on tbe bank, CS and UBS for example value their Private Bankers more than their markets ppl. JPM and DB value their markets ppl over their I bankers.

But strictly speaking 'high finance' constitutes only IB and Markets due to higher deal sizes.
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  #416 (permalink)  
Old 23-11-2021, 06:19 PM
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Anyone heard back from Deutsche for Corporate Banking full time analyst? It's end of nov already...
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Old 23-11-2021, 06:19 PM
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Anyone heard back from DB for Corporate Banking full time analyst?
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  #418 (permalink)  
Old 23-11-2021, 10:36 PM
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Anyone heard back from DB for Corporate Banking full time analyst?
isnt the rule of thumb never hear means youre out... also why are you banking on DB lol
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  #419 (permalink)  
Old 24-11-2021, 01:47 PM
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isnt the rule of thumb never hear means youre out... also why are you banking on DB lol
DB is decent for their corporate banking. Would love to hear how you guys will rank all the BB in terms of their corporate banking arm.
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  #420 (permalink)  
Old 24-11-2021, 01:50 PM
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DB is decent for their corporate banking. Would love to hear how you guys will rank all the BB in terms of their corporate banking arm.
JP Morgan > Deutsche > Citibank > Bank of America > HSBC > Standard Chartered > DBS > UOB > OCBC
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