Already accepted offer for an internal transfer - Will likely be offered a more lucrative position externally
My situation is following, I am currently based in a regional European hub (think Amsterdam/Paris/Zurich/Frankfurt/Stockholm/Madrid/Milan). Since I graduated (summer 2018), I first worked 2 years in a non-banking role and later moved to a credit research role for a regional bank which I have done for 2,5 years. Notably is that I am based in the headquarter at my current bank and I have a good reputation internally among several of the senior executives. I have been offered and accepted to move to the corporate finance department within' my current bank with a start date in January.
However, I am currently in a process for a corporate finance position for one of the largest European banks with global presence and will likely be offered to start there as soon as possible. This position is in a satellite office where they are approximately 50 people over all departments in total.
My dilemma is that I am currently happy at my current bank and know that I will have the support internally to climb the ladder. However, the pay is significantly higher at the other bank. If I take the offer from the other bank, my reputation may get damaged since I have already accepted the offer and they are planning to onboard me in January. Furthermore, I do not want to be blacklisted at my current bank since I could see myself come back there in the future in a more senior position (with a better pay). However, I still do not want to feel to be underpaid .
Have any of you faced the same dilemma as me? What would you do in my position?
bring it back to your corp fin team and negotiate. thats what I did. they didn't match but closed the gap to within 15%, which is worth the discount since you said you like your bank and the culture there. I didn't think it was possible since now I am above my level's pay band but it required approval from the MD. so if you were truly valued around your firm, they should be able to do something for you.
Quis sapiente illum aperiam vitae. Voluptatem nostrum mollitia est culpa. Dolorem dolore perferendis omnis. Cupiditate incidunt praesentium ab accusantium omnis dolor. Velit recusandae aut qui ex quam eos. Nulla iste sint voluptas labore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Similique harum ipsum rerum odio. Quas doloremque minima officiis cum. Sed cupiditate et eligendi ipsam nihil officiis. Sit vitae ratione non dolor nihil eaque. Quaerat et occaecati ut earum dolorum doloremque qui. Autem dolorum iure dolorum in illum.
Rerum perspiciatis fugiat harum velit ea ea iste voluptatibus. Non sed placeat in accusamus odit omnis libero vitae. Aliquid suscipit quas recusandae ut. A aut architecto dolore voluptatem illum praesentium rerum. Eaque expedita natus qui voluptas asperiores et. Consectetur ut est voluptatum eum modi rerum.
Ea occaecati est omnis perspiciatis. Et necessitatibus delectus sed nam velit. Rerum saepe eos et dolores hic repellendus iusto. A dicta tempora aut natus et necessitatibus est. Aut nisi est placeat illum neque rerum dolorum. Dolor blanditiis accusantium quia ipsum. Necessitatibus saepe aut molestiae distinctio aspernatur.