Leaving BB for smaller bank to improve learning progress
Hello,
I work at a BB, say top 10, in a rates trading desk. The bank is famous, the desk is not that good in terms of market share, say top 30… The setting of the team is awful and I feel like I will never learn here.
I’m getting proposals to interview with smaller banks, say top 30, less prestigious, but same desk market share probably, but the learning should be better. Is it a good move? Or I should never? (I might even have to accept lower salary).
Hey there! It sounds like you're in a bit of a pickle. But don't worry, I've seen this scenario play out on the WSO forums before.
Firstly, it's important to remember that learning and growth are crucial in any career, especially in a field as dynamic as rates trading. If you feel that your current environment is stifling your growth, it's definitely worth considering other options.
Now, moving to a smaller bank might seem like a step down in terms of prestige, but remember, it's not all about the name. It's about the experience you gain, the skills you develop, and the relationships you build. If the smaller bank offers a better learning environment and a more supportive team, it could be a great move for your career in the long run.
However, it's also important to consider the financial implications. If the salary cut is significant, you'll need to weigh up whether the potential benefits outweigh the immediate financial impact.
In the end, it's a personal decision that only you can make. But remember, sometimes the grass is greener where you water it. So, whether you decide to stay or go, make sure you're doing everything you can to learn and grow in your role. Good luck!
Sources: Tips to stop chasing prestige (and be grateful)?, Why do IB directors change shops?, How to Navigate FT Recruiting: Learn from My Successes/Failures, Why Banks Need to Make a Faster Move
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