If investment banking recruitment has stalled, hiring in private banking and fund management has remained fairly resilient. Bank of America might be pulling out of wealth management outside the US, but JPMorgan has been growing. So has RBC. So have: Rothschild Wealth Management, Adam & Co, and Newton.
So, how much can you expect to earn in private banking? In salary terms, Morgan McKinley once again suggests an answer. We’ve posted their private banking salary table below. Figures from Robert Walters are below that. At the top end, Morgan McKinley seems to think salaries are substantially higher.
Source: Morgan McKinley
Source: Robert Walters