The full course
PWM Pathway Official Curriculum
The complete private-banking recruiting playbook: 35 on-demand lessons across three sections, taught from the analyst chair. Every lesson ships as a video with a branded slide deck and a downloadable brief. It is the official curriculum of CUWMC, and it is included with every paid tier.
Videos release in batches throughout September and will be fully complete by October 1.
What you get
The course is the core, not the whole
35 lessons, three sections
Investing fundamentals, the private banking industry firm by firm, and the recruiting playbook — each lesson a video with a branded deck and a downloadable brief.
The recruiting toolkit
The resume framework, exact networking scripts, question banks, and the interview prep tracker, alongside the videos.
Private Community Plus
The PWM Pathway student and alumni workspace, through your recruiting cycle and beyond.
Lifetime access
Every lesson and every future content update, for as long as the program exists. Coaching tiers layer 1:1 work on top.
Inside the course
All 35 lessons, start to finish
The same structure you will see in your library the moment you enroll, as lessons release through the rollout.
Inside the course: every lesson is a video with its deck and brief, tracked section by section.
Section 1 — Fundamentals of Investing
14 lessons
The Real Return Imperative
Inflation, purchasing power, and why "preserve and grow" is the UHNW mandate — the math of beating inflation after fees and taxes.
The Fed & Market Machinery
How rates get set, how policy transmits to every asset class, and what the desk actually watches: the dot plot, the curve, financial conditions.
The Time Value of Money
PV/FV, IRR, and compounding — the four formulas behind every client conversation.
Risk, Measured Properly
Volatility vs. drawdown vs. permanent loss; Sharpe and Sortino; risk tolerance vs. risk capacity.
Asset Allocation & Portfolio Construction
Strategic vs. tactical, the policy portfolio, diversification math, and rebalancing discipline.
Public Equities
Styles and factors, active vs. passive, concentrated positions, and how a private bank equity sleeve is actually built.
Fixed Income & Credit
Duration, the yield curve, credit spreads, and municipal bonds — the taxable client’s workhorse.
Alternatives I: Hedge Funds & Liquid Alts
The major strategies, the fee math, and what hedge funds are actually for in a portfolio.
Alternatives II: Private Equity & Venture
The J-curve, vintage diversification, and why access to private markets is the private bank’s real product.
Real Assets & Passion Assets
Real estate, infrastructure, commodities — plus watches, wine, art, and the collectibles clients actually own.
Structured Products & Derivatives
Structured notes, collars, exchange funds — the concentrated-stock solutions UHNW clients ask about.
The After-Tax Lens
Asset location, tax-loss harvesting, trust and estate basics — why after-tax return is the only return.
From Profile to Portfolio (Capstone)
Time horizon + liquidity + risk profile → investment policy statement → allocation, prepared the way an analyst preps it.
Managing Your Own Money
Opening a brokerage account, building a starter portfolio, and tracking it like a professional (education only — not investment advice).
Section 2 — The Private Banking Industry
12 lessons
The Wealth Management Map
Mass affluent → HNW → UHNW → family office; private bank vs. PWM vs. brokerage vs. RIA vs. trust company — and where the jobs are.
How Private Banks Make Money
AUM fees, lending, deposits, and cross-sell into the investment bank — why every firm is fighting for UHNW clients.
A Short History of Private Banking
Swiss origins to Glass-Steagall to the consolidation era; First Republic’s collapse and UBS–Credit Suisse as case studies.
Inside a Private Bank Team
Banker, investor, lender, and trust roles; the analyst-to-MD ladder; how compensation actually works.
Deep Dive: J.P. Morgan Private Bank
The US foothold and industry standard-setter — scale, the fortress balance sheet, and the First Republic absorption.
Deep Dive: Goldman Sachs PWM
The exclusivity model — $10M+ minimums, IPO access, and alternatives as the product.
Deep Dive: Morgan Stanley
PWM plus the workplace and E*TRADE funnel; family office resources at scale.
Deep Dive: Citi Private Bank
The bank for global citizens — cross-border UHNW, taught from inside the Global Client Solutions desk.
Deep Dive: UBS & the Swiss Model
The world’s largest wealth manager post–Credit Suisse — plus Julius Baer, Pictet, and Lombard Odier.
Deep Dive: BofA Private Bank, Merrill & the Trust Houses
The scale model vs. white-glove trust banking — Northern Trust, Bessemer, Brown Brothers Harriman.
Family Offices
Single vs. multi-family offices — how they invest, how they hire, and when to choose one over a bank.
The Next Decade of Wealth
The $80T+ great wealth transfer, Asia’s rise, AI and digital — and what it all means for your career.
Section 3 — Networking & Recruitment Strategy
9 lessons
The 7 Principles of the Recruiting Mindset
The operating system for this entire section — warm networks first, luck surface area, overpreparation, reciprocity, calibration.
The Patronage Path
Leveraging a family relationship with a bank: converting your parents’ banker into a sponsor — with discretion, not entitlement.
Building a Warm Network from Zero
Alumni, campus clubs, professors, and adjacent industries — the CUWMC playbook for students without connections.
Cold Outreach as a Last Resort
When warm paths are exhausted: targeting, message architecture, response-rate math, and converting a reply into a call.
The Recruiting Timeline
Freshman and sophomore insight programs → junior summer → superday → return offer; every date that matters.
Resume & Narrative
When every resume is polished, the story and the referral decide — building both for private banking specifically.
Interview Mastery
The behavioral bank, markets questions, the portfolio pitch, and client scenarios — overpreparation as strategy.
Licenses: SIE, Series 7 & 66
What each exam covers, when you are eligible, and pass strategy from someone who holds them.
Sponsors, Placement & Your First 90 Days
Choosing the right team, securing a sponsor, the apprenticeship model, and converting the internship into the offer.
How to get it
Included with every paid tier
Take the curriculum on its own with Self-Paced, add a Discovery Meeting, a resume rewrite, mock interviews, and coaching credits with Flagship, or apply for the Full-Access Cohort for the complete 1:1 recruiting mentorship.
Learn the job before day one
35 lessons from inside the industry, with the toolkit and community around them.
See pricing & enroll