Stay in 1 bank or changing banks?
Say you want to be a career banker, what are the pros & cons or staying in 1 bank for a relatively long time vs changing banks occasionally say every 3-4 years?
Would moving to a different bank, same team, be beneficial to your career as you can gain more perspectives on the same role?
The sense I’ve gotten from networking/seeing senior changes at my firm is that a big reason why people move around is stagnation at their old firm/growth opps at a new firm. Senior people want to be somewhere where they can grow out their own niche (that’s how they make their money) and sometimes they can’t do that due to a variety of factors (e.g. the head of the group controlling all the business).
Also, senior changes usually come with pay bumps/bonuses/promotions, (especially Associate>VP, seems super common) and if you are trying to be a career banker obviously getting promoted earlier is better.
Eveniet eos assumenda sapiente voluptas sit veritatis. Qui magni minima eum voluptatem. Eum provident delectus minima non aut quia beatae.
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...