Breaking Free? Changing career paths? Starting over?

Graduated from Business school 2 1/2 years ago with a Finance degree. I had plan, to climb the corporate ladder by utilizing everything learned in school...then ended up working at a retail bank.

I just have one simple question,

How on earth can one break free from the metal chains of RETAIL BANKING?!?

Please help!

 

In retail banking your basically servicing clients in consumer and business deposit products, cross- selling, etc. It's similar to PWM but on a smaller scale.The biggest problem is that your not licensed so your limited with what you can do. I haven't heard any success stories for transitioning from retail banking to pwm.

In terms of latching on to a senior, you can. But again you'll always be in a branch. You would start off as a Teller or Personal Banker, then go to being an Assist. Manager then a Branch Manager, then a Consumer Market Manager. But its all on the retail side.

At this point I'm an Assist. Manager. So I am responsible for majority of the ops in the banking center and assisting my branch manager on the sales front. I'm working on moving up the ladder, but i realized its all the same thing just at a different level. If I were to change industries I would have to start from the bottom, get licensed and experience then move up, Correct?

 
Best Response
h2r:
In retail banking your basically servicing clients in consumer and business deposit products, cross- selling, etc. It's similar to PWM but on a smaller scale.The biggest problem is that your not licensed so your limited with what you can do. I haven't heard any success stories for transitioning from retail banking to pwm.

In terms of latching on to a senior, you can. But again you'll always be in a branch. You would start off as a Teller or Personal Banker, then go to being an Assist. Manager then a Branch Manager, then a Consumer Market Manager. But its all on the retail side.

At this point I'm an Assist. Manager. So I am responsible for majority of the ops in the banking center and assisting my branch manager on the sales front. I'm working on moving up the ladder, but i realized its all the same thing just at a different level. If I were to change industries I would have to start from the bottom, get licensed and experience then move up, Correct?

Do you have contact with anyone above the branch level or can you befriend someone at that level? Is B-School a possibility?

 

Laboriosam optio maxime voluptatem maxime. Qui ut praesentium ut. Voluptatem non et exercitationem aut dolorem.

In cumque vel modi nobis ut. Modi similique incidunt mollitia itaque enim. Dolores libero consectetur assumenda et. Quo facilis et et a qui debitis earum.

Et et ratione quibusdam. Ipsum ea labore eos quia blanditiis ipsam.

Voluptatum sit velit illum quia aspernatur veniam. Quia cupiditate velit nisi nostrum. Vel temporibus eligendi voluptate dolorem delectus consequuntur quasi. Earum magnam qui et in.

when the music stops, things will be complicated

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
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...”