u/GuinnessEnjoyer7

Seeing a lot of credit underwriting roles within wealth management and private banking groups. I understand why those roles exists but I’m curious to know if anyone here works in that space.

I’m in corporate credit right now, and kinda losing interest in it long term. I think the idea of owning a book of clients within WM would be cool, but was always afraid of jumping to WM and “starting over”. But with these credit looking roles, it may be a lateral in?

I’d be interested to know if these types of roles could put me in a spot to eventually run my own book, or pivot back into corporate credit if WM/PB doesn’t work out.

Was reached out to by a large bank’s wealth management group about an associate role within a specialty group that operates in my niche. To keep it brief, I work at an alternatives investor as a credit analyst underwriting credit facilities for a niche industry. The banks wealth mgmt group provides banking services for firms in the industry and manages their high level employees wealth.

It sounds interesting, and for a while I’ve been interested in a more client facing role. Not sure if I’m wanting to be in credit underwriting forever. However, I’ve read what this sub has to say about wealth management/private banking/financial advisory, and it sounds like this could be a career trap. That being said, I think a role where I can eventually manage my own book of clients would be incredibly rewarding, and I’d be interested in knowing if this type of role can lead to that.

If I were to make a move like this, would it be possible to exit back into credit? Or would I be gambling my career for a pivot that I’m not 1000% sure about?

Interviewing for an associate level role at BMO within one of their wealth management groups. Can’t get a read on the pay range (HCOL but not NYC). Any general insight here?

Also, anyone have any comments on BMO/BMO wealth management as a whole? Pivoting from commercial credit to try to find a more relationship driven role.

Been in credit roles for ~3.5 years now, including 2 years in commercial credit and ~1.5 years at an alternatives shop.

Lately I’ve been getting pretty burned out on the work. Writing memos on companies I only follow briefly, sending them through IC, and then moving on to the next one is starting to feel repetitive and kind of disconnected. I’m finding myself less interested in credit as a whole.

I’ve been thinking that my strengths might be better suited to something more relationship-driven rather than purely analytical. The idea of working directly with clients, helping manage their investments and financial goals, and having more control over my trajectory is appealing.

I know the financial advisor path is pretty polarizing on here, but curious if others have made a similar pivot or considered it. Is this a reasonable move, or am I underestimating the downsides?

Currently an analyst in corporate credit. Kinda sick of credit in general and I know I don’t want to be in this space for long.

Interested in a more relationship driven role while still working in “finance”. Interested in a switch to FA/WM, but I’m not sure what the salary would look like. I understand it might be unrealistic to pivot while maintaining my current salary (110k + bonus) but given the state of the world rn it feels silly to take a step back in salary.

Any insight is appreciated