What's your job about?
At Perpetual Private we offer wealth management services to a wide range of clients such as not-for-profit organisations, small businesses, high net worth individuals, self-managed superannuation funds, family trusts, etc. Our key areas of responsibility include protecting and growing our clients' wealth, building an investment strategy around our clients' investment preferences and risk tolerance, ensuring compliance with relevant regulatory entities and meeting with clients and working with them to ensure all financial needs are accommodated. My current role as a graduate at Perpetual Private has me doing two rotations of six months in different business units throughout the division. My current role is in the paraplanning team where we assist the financial advisors in producing reports for clients as well as rebalancing client investment portfolios and producing modelling & projections for client assets when required. More specifically, a typical day for me involves communicating with our financial advice team regarding their client’s individual circumstances and then, working with the latest research from Perpetual Private’s Investment Research Team, adjust client portfolios and produce the relevant client facing documents.
What's your background?
I grew up in the South Eastern suburbs of Melbourne, in the Dandenong ranges.
I went to high school at St. Josephs College in Ferntree Gully where I graduated in 2015. I then enrolled at Monash University with a double degree in Engineering and Commerce. During my time at high school and uni, I was working part time at Woolworths which really helped to develop my soft skills in communicating with customers. After my first year at uni, I realised that I was much more passionate about commerce and so I decided to enrol in a second major in my commerce degree and discontinue engineering. I graduated from university at the end of 2019, then in early 2020, I travelled to the UK where I stayed with my partner’s family throughout the initial lockdowns. During this time, I was completing an online internship with a start-up impact investment fund that focused on ESG investing. Whilst abroad I began applying for graduate positions back in Australia as I planned to move back early in 2021. One of the graduate positions I applied for was with Perpetual and I was lucky enough that they got back to me and asked me to take place in the interview process. Being on the other side of the world I had to complete an online assessment centre in the middle of the night, which was certainly an interesting experience! After a few rounds of interviews, I was fortunate enough to receive a job offer which I gladly accepted. I flew home in January of 2021 and completed my 2 weeks hotel quarantine in Melbourne. After about 3 weeks in Melbourne, I flew up to Sydney to start my graduate role with Perpetual.
Could someone with a different background do your job?
Yes, whilst the basic knowledge that I learnt at uni has really helped with understanding certain concepts and technical skills in my position, I think someone with a different background could do my job. You learn a lot of specific skills that are relevant to the position when you start working and I’m lucky enough that Perpetual provides a good environment to learn and ask questions. The most important skills aren’t necessarily what you already know or what you learnt at uni or school, but how open and motivated you are to learn new things, be adaptable and bring a good attitude to work.
What's the coolest thing about your job?
The best part about my current position is the exposure I get to different types of clients and seeing how much an investment strategy can change depending on the circumstances of the client, and the given market conditions. I really enjoy the collaborative aspect of the job as well. Seeing how the different business units come together to provide the best service to the client is really interesting. The knowledge and financial skills I’m learning at work are directly translatable to my life outside work, which I consider to be a great bonus!
What are the limitations of your job?
I’d say the biggest limitation to my current position is the initial learning curve of starting a graduate role, however, this is quite common in the transition from study to work. I have found that whilst my learnings from uni provide important foundational knowledge there was definitely a steep learning curve in transitioning to the workforce. Having said that, as long as you are motivated, open to learning new things and bring a good attitude to work it is very manageable. I was also lucky that Perpetual provides a great environment to ask questions and a structured learning process for the skills in my role.
3 pieces of advice for yourself when you were a student...