talentless
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#1
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#1
every one is focused so much on investment banking and stuff. perhaps wealth management is not bad i hear if your lucky enough to manage one of those middle eastern oil guys wealth your in good business any one have ne thoughts on dis?
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JonathanChina
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#2
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(Original post by talentless)
every one is focused so much on investment banking and stuff. perhaps wealth management is not bad i hear if your lucky enough to manage one of those middle eastern oil guys wealth your in good business any one have ne thoughts on dis?

Are you so sure that you will luckly encounter those oil guys?
So please consider the common situation but never the special one
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kb500
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#3
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(Original post by talentless)
every one is focused so much on investment banking and stuff. perhaps wealth management is not bad i hear if your lucky enough to manage one of those middle eastern oil guys wealth your in good business any one have ne thoughts on dis?
I know that some people at a BB in private wealth management were earning around £2.5m at the age of 27/8.
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Johan C
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#4
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(Original post by JonathanChina)
Are you so sure that you will luckly encounter those oil guys?
So please consider the common situation but never the special one
Ditto
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Talya
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#5
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Sorry for ressurrecting an old thread but, yes, wealth management can pay VERY well. If you want some details of what my dad made, PM me.
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jonny_stevens555
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#6
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(Original post by kb500)
I know that some people at a BB in private wealth management were earning around £2.5m at the age of 27/8.
Are you serious? £2,5m as in the money they take home with them every year? wow, thats huge. im surprised What is a BB?
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Johan C
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#7
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Bulge Bracket = big banks
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kb500
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#8
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(Original post by 13 stone of genius)
Are you serious? £2,5m as in the money they take home with them every year? wow, thats huge. im surprised What is a BB?
BBs traditionally the top 3 of Goldman Sachs, Morgan Stanley and Merrill Lynch. Can also refer to some of the other big players but these are the three main ones. Yeah it is a lot and these guys weren't managing any clients who had anything to do with oil lol.
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Johan C
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#9
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Go ML !
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Knogle
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#10
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(Original post by 13 stone of genius)
Are you serious? £2,5m as in the money they take home with them every year? wow, thats huge. im surprised What is a BB?
Bulge bracket is a finance term referring to the first group listed on the 'tombstone'. That is, the group of firms in an underwriting syndicate (a group of investment banks) who are responsible for selling the largest amounts of the stock to investors.
More information here.
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jonny_stevens555
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#11
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thanks
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