Investment Assistant - Wealth & Investment
Pros
Location, coffee, standing desks, modern office, sponsorship and reputation within the industry but that's it. By far the worst place I have ever worked.
Cons
The wealth management arm of Investec is stuck in the 1970s both in terms of technology and attitude. Salary is appalling for a London firm and bonuses/salary come out of the managers pockets which means most managers are reluctant to pay their assistants well. Equally there is little investment in improving infrastructure as it means less money in the investment managers pockets. Promotion to Investment Director is based on AUM and somehow that means new investment directors can suddenly manage people or a team without any prior experience or training. Studying for exams/ working hard is pointless unless it is convenient for your manager that you progress, which is unlikely as they rely on you to pick up the slack whilst they're out on 3 hour lunches. Nepotism is rife with fathers, sons, and uncles working on the same team and people are hired/promoted based on who they know rather than being right for the role/merit.
