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Advice: Jumping from Big 4 to Bank

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  #31 (permalink)  
Old 27-06-2016, 04:38 PM
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these arent really consultancy per se... a lot of project management / research / ppt work
Haha, isn't that what consultancy is? Even the mainstream consultancy firms like Bain and Mckinsey do these ****

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  #32 (permalink)  
Old 27-06-2016, 05:04 PM
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Agree... but they are paid much more LOL

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  #33 (permalink)  
Old 27-06-2016, 06:56 PM
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I know someone getting what you would get at the bank but she is a SA2 now.
stay and jump after you get your increment.

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  #34 (permalink)  
Old 27-06-2016, 07:28 PM
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Trust me, if you cite 25-30% from the onset, the banks won't even bring you in for an interview. It's called internal equity, which particularly affects low-mid level employees. Unless you are a white horse or an exceptional talent in the revenue generating space, nobody's gonna give a **** about how 'impressive' you think you are.
Got to agree with this. There is this thing called internal equity. If you are out of the range of those within the same job group as you, you will be priced out. 15% to 20% will be a good gauge. I work in banks before.
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  #35 (permalink)  
Old 27-06-2016, 07:35 PM
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Got to agree with this. There is this thing called internal equity. If you are out of the range of those within the same job group as you, you will be priced out. 15% to 20% will be a good gauge. I work in banks before.
Depends, not all banks based on job group. Some are based on bands that can be very wide e.g. 8-15k. In such cases not much difference whether its 15% or 30%.
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  #36 (permalink)  
Old 28-06-2016, 02:02 AM
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If it's credit suisse, stay away. Their stock price kena hit left right centre
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  #37 (permalink)  
Old 28-06-2016, 07:41 PM
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I know someone getting what you would get at the bank but she is a SA2 now.
stay and jump after you get your increment.
U joking bro?

I hire fresh grads in at SA2 pay level - that's roughly 4.5k++ not considering the fatter bonuses (min 3 months compared to Big 4's max 3 months).

Someone at SA2 level aka 3-4 years working experience (relevant of course) can easily be taken in at 6k+, still associate level but internally it's more senior. AVP would need another 2 years experience minimum.
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  #38 (permalink)  
Old 28-06-2016, 08:10 PM
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U joking bro?

I hire fresh grads in at SA2 pay level - that's roughly 4.5k++ not considering the fatter bonuses (min 3 months compared to Big 4's max 3 months).

Someone at SA2 level aka 3-4 years working experience (relevant of course) can easily be taken in at 6k+, still associate level but internally it's more senior. AVP would need another 2 years experience minimum.
I am assuming u hire in a bank? For banks entry level can already hit 4.5++ which u need 3 years to get at a big4
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  #39 (permalink)  
Old 28-06-2016, 09:25 PM
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I am assuming u hire in a bank? For banks entry level can already hit 4.5++ which u need 3 years to get at a big4
Entry level pay for bank jobs are very well known since every year all the fresh grads will know... either you're hired and you find out, or you're not and your friends tell you...

4.5k is easy stuff for banks... ops staff go in at 4k+ and IT can range from 5-8k...
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  #40 (permalink)  
Old 28-06-2016, 09:38 PM
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Not sure if banks still pay that well..my 3 years in banks hardly hit 4K. Only when I change to an MNC, I got a good increment and bonus avg 5 to 6 mths


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