what does this job pay?

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goldenboy09

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Manages a full set of small to medium sized
revenue producing investment accounts for
personal trust relationships and individual
investors. Operates within the framework
of the underlying document, working with the
manager to develop strategies designed to
achieve specific investment goals.


Manages investment activities for a full set
of small to medium sized revenue producing
accounts, which range from common trust funds
to individual assets.


Experience: Minimum 2 to 4 years experience in investment
services in the financial services industry.
 
Salary 75-125 plus bonuses. Depends on amount of assets being managed and experience you bring.
 
BA

working on cfa now

I will be entering this role in 18 months...this is an assoc. PM spot....after 2 years in this role will be regular PM
 
It is.

your 40k is way off. I am in the role below that and 16k more then that.
 
Chadstur Wrote:
-------------------------------------------------------
> depends on the city... in mine, minimum wage.


indeed, and in some places it pays no base but a percentage of the commissions generated by the accounts
 
I was answering based on experience from a bank operating only west of the Mississippi.
 
what bank may I ask?

Wells Fargo is mainly a west coast bank and they pay very well.
 
goldenboy09, just curious what you are doing now and why you decided to leave banking
 
Wells Fargo operates huge in the Midwest, too. Pretty big in Chicago and Minneapolis. St. Louis also, I think.
 
Numi,
I was not in banking in a full time role. I interned two summers at Ml-Energy with the same group. I was offered full time role but declined. I was turned off to the whole banking thing after seeing many questionable things happen. Will leave it at that. It was not only at my place because I have heard the same stories from some of my buddies that did take the banking jobs. The work was intersting but after working two nights in a row for a fire alarm that is called off can kill you. Also the possible deals that never come to terms can give you a real headache. I accepted a job in a 2 year investment program in Chicago. You rotate every 3-4 months to a new job until you find something you like and they have a need. I did not make it all the way to the end because I accepted my 6th job as a full time. Im in portfolio management as a junior guy on the team of 3. Was given a nice bonus and able to move back to my hometown of Houston. It is not as sexy as the banking jobs and i will work a lot longer to make the same coin. However, I enjoy coming to work everyday,am learning a lot and able to play golf a few times a week. My work/life balance is great. I am looking to go to Rice for my MBA and after meeting with the admissions staff am no less/more able to get in then if I took the banking route. I still keep in touch with many of those banking guys but at the end of the day was just not for me.



Edited 2 time(s). Last edit at Friday, September 15, 2006 at 12:14PM by goldenboy09.
 
guest Wrote:
-------------------------------------------------------
> Chadstur Wrote:
> --------------------------------------------------
> -----
> > depends on the city... in mine, minimum wage.
>
>
> indeed, and in some places it pays no base but a
> percentage of the commissions generated by the
> accounts

No commissions... just minimum wage.



Edited 1 time(s). Last edit at Friday, September 15, 2006 at 12:52PM by Chadstur.
 
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