Posted by Willy Franzen on May 5, 2009. Jobs updated daily.
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Let’s be honest, as a new or recent college grad, you probably don’t have much wealth to manage. That’s why you’re looking for a job – so that you’ll be rich one day and have somebody else look after your finances. Wait! So, if wealthy people don’t manage their own money, then who does? Wealth management companies, of course. That means that you can get a job managing wealth without having any wealth of your own to manage. Ok, this is starting to sound like some too good to be true scam – my bad. Seriously, though, if you’re smart, have the drive, and are interested in all things financial, a career in wealth management could be worth a shot. Wealth managment is actually a pretty cool field – it pulls from a variety of disciplines that include banking, estate planning, tax advisory, investment management, legal advisory, and, of course, financial planning. If that sounds like something that you might like to do after graduation, then you should check out Wayne Hummer Wealth Management, a Chicago based firm that was founded in 1931.
It’s hard to differentiate between wealth management firms when you don’t have much inside information to go on, so let’s jump right into entry level jobs with Wayne Hummer Wealth Management. Their Careers page includes a link to a PDF on their Wealth Manager Training and Development Program, which is targeted towards new grads. There’s a ton of information on what the program entails and what areas you’ll “rotate” into. There’s no need for me to repeat it, so check out their Training and Development Program, and if you like what you see, you can apply by sending a cover letter and resume to careers@whummer.com.
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There are a number of benefits to working in this field. Your environment is usually very comfortable. You may end up developing great friendships with some of your clients. You have the satisfaction of knowing that you are really helping people; providing a comfortable retirement, helping the kids get through college, making certain that someone’s estate is not lost to taxes, helping people to stay focused on good financial principles. In the process, you can make a very good living.