Working out of an office with no group presence?
Has anybody successfully been able to relocate to a region where there are other groups in the bank present, but not the group you work in? Have a couple of those guys where I am, and I want to move back closer to home for personal reasons. I am even considering looking for roles in my desired location prior to even floating this around. Has anyone went through this and able to provide input?
Based on the most helpful WSO content, relocating to an office where your group has no presence can be challenging but not impossible. The feasibility largely depends on your bank, your performance, and the specific circumstances of the move. Here are some key insights:
Bank Policies and Flexibility: Some banks may allow such relocations, but it often requires strong justification, such as personal reasons or exceptional performance. However, moving to an office without your group's presence might limit your ability to contribute effectively, which could be a concern for the bank.
Performance and Networking: Being a top performer ("top bucket") can significantly increase your chances of approval for such a move. Additionally, leveraging internal networks and building relationships with decision-makers in your desired location can help.
Alternative Roles: If relocating within your current group is not feasible, exploring roles in other groups or divisions within the desired location might be a practical alternative. This could involve transitioning to a related function or team.
Preemptive Job Search: As you mentioned, looking for roles in your desired location before formally discussing the move with your current employer can be a proactive approach. However, ensure that this does not conflict with your current role or create unnecessary risks.
Ultimately, the success of such a move depends on aligning your personal goals with the bank's operational needs and demonstrating how the relocation can be mutually beneficial.
Sources: 2017 Commercial/Corporate Banking Bonuses, 20 Most Frequently Asked Questions - London Edition, 20 Most Frequently Asked Questions - London Edition, 2017 Commercial/Corporate Banking Bonuses, Bulge Bracket banks workout/restructuring groups?
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