wealth management Job Reviews
Women who work in wealth management departments have an overall job satisfaction level of 2.6, 60% of them believe there is gender equality in their firms, and make an average salary range of $25k-$50k.
Wealth Management offers a good work-life balance for working and non-working mothers and the women to male ratio is pretty balanced. However, management for the company is dominated by males.
I have been working at this company for almost 4 years and there are a lot of women working here, but they are all assistants. Even if you are a financial adviser people assume you are an assistant. RBC does not reward their employees either--in fact during annual reviews our manager confesses that RBC pressures her to give only "satisfactory" ratings to employees and if you are new to the firm you automatically receive the lowest rating.
There are a lot of women in this company, but to get ahead, you really need to excel and managing "up". Much of HR policy is delegated to "manager discretion", which creates an uneven experience across the company. It really depends who you work for. Northern is known for family-friendly policies, and it is truly bankers hours, 8:30-5. It's pretty modern for a 125-year-old company, but struggles to progress anywhere fast. Progress is sloooow and onboarding is a nightmare, as in, there is no onboarding. You have to figure it out as you go and ask around for help.
While I was just an intern, I think UBS Wealth Management is a great place for women who want to tone down their working hours. An MD I spoke with during my summer there transferred to UBS for more work life balance because the business model of UBS Wealth Management Americas is much less stressful for those who work in the corporate headquarters.