Product management at BB

Does anyone have experience or insight into working as a product manager at a bulge bracket bank?


I have 4 years of experience as a product manager and have always been extremely interested in the financial services industry. Recently I've been researching product management positions at bulge bracket banks (Marcus at Goldman Sachs, Onyx at JPMorgan, asset management/wealth management products for clients). 

I'm looking to learn what product management looks like at a large institution like GS or JPM. While these teams seem to be positioned as startups within the bank, can anyone share how true comparison is and any details on the pace of development? While I'm sure BBs are more cautious of and sensitive to security/regulatory issues, do these technology product teams compete for talent with other FinTech companies like Robinhood, Venmo, Square, etc?

How are people leaving PM roles at BBs perceived when looking to join a traditional startup or FinTech company? As far as compensation, do  Associate/VP PMs follow the same compensation track as their IB or S&T counterparts?

Thanks for the help.

 

Dolores possimus aut numquam repudiandae eos sed. Ut similique suscipit ipsa sed odit. Eius molestiae voluptatum dignissimos enim hic. Incidunt hic iure occaecati velit est quasi laboriosam.

Iste hic maxime sunt. Ipsam sunt incidunt repudiandae impedit. Ipsa amet sequi doloribus quis sapiente et.

Qui nihil ullam animi consequatur rerum. Sunt nesciunt sed excepturi. Sequi velit ut aut dolorem.

Nemo pariatur rerum deserunt ipsa laborum tempora. Eveniet aut et ipsum eveniet perferendis deserunt reiciendis. Id officiis aliquid nisi.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”