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what are the work duties of private wealth management intern?

#banking
chan#58_714
10-Mar-2020
last edit: 15-Mar-2020


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1 answers
last edit: 11-Mar-2020
Usually+what+a+private+banker+would+do+is+to+help+their+clients+plan,+invest,+borrow+and+bank+to+create+the+life+and+legacy.+In+simple+words,+they+provide+investment+advices+to+help+clients+preserve+and+grow+their+wealth+for+multiple+generations.+Clients+usually+are+tycoons,+entrepreneurs,+industry+leaders+and+their+families. Source:+PWMA+website 

If+you+are+referring+to+this+famous+apprenticeship+programme+organised+by+Private+Wealth+Management+Association+(PWMA),+apprentices+supposedly+can+rotate+from+front+to+middle+and+back+offices+to+learn+Investment+Products,+Client+Services,+Risk+Management,+Compliance+and+On-boarding+in+WM+landscape.+It+is+such+a+great+Programme+that+you+can+tell+from+the+above+participating+banks. 

But+of+course+and+to+be+frank,+as+an+intern,+you+shouldn’t+expect+you+will+have+heavy+job+duties+say+direct+deals+or+client+management+tasks,+but+just+to+prepare+market+updates+for+teammates.+It+is+good+enough+to+expose+yourself+in+this+field+and+see+if+you+like+it.

Btw,+be+cautious+about+this+term+“wealth+management”+if+you+are+not+applying+to+that+mentioned+programme,+as+so+many+agencies+hire+“interns”+via+this+title.+Though+there+is+a+huge+amount+of+quality+internships+offered+by+large+banks+say+UBS,+JPM,+BNP,+HSBC+and+SCB.+Good+luck! 

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