JP Morgan Private Bank Investment Analyst vs. Chase FA?

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Aug 10, 2011 8:48 pm

Long term, which role do you think would have a more favorable outcome (better opportunities) for a JPMorgan PWM CSA?  Move on to being an investment assistant in the Private BAnk (relationships >$25million) or being a Financial Advisor at a Chase Branch.  Does being an investment assistant risk career derailment?

Aug 11, 2011 4:51 pm

Take the private bank job and work hard to move up.  I would never take a job inside a bank branch... it's a trap that is very difficult to leave.

Aug 12, 2011 8:39 pm

Chase will over-sell you on the opportunity. They got me by promising a large book to start, which they delivered- they failed to mention it was 90% fixed annuities belonging to octogenarians.

Also, when they ask you "Do you mind working on Saturdays?". What they mean to say is "Do you mind working Monday through Friday, plus Saturday". There are some people making good money there, but that is the exception and not the norm. They have very low payouts as well, 20-30% max. They cap all VA commissions at 5%.

So..... I would pass on Chase.

A

Jan 9, 2013 6:47 am

They got me by promising a large book to start, which they delivered- they failed to mention it was 90% fixed annuities belonging to octogenarians. Also, when they ask you "Do you mind working on Saturdays?". What they mean to say is "Do you mind working Monday through Friday, plus Saturday.
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