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Originally Posted by Unregistered
It’s not a local bank, but also neither a swanky BB or foreign (“first-world”) bank. I started out as a contract staff at the bank drawing $2K+, so that could be a reason why the pay has been so low all these while, despite the promotions.
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My advice to all aspiring finance professionals is to not stay in a local bank for more than 3 years. 5 years max. Local banks like to use their strong branding to lowball job applicants. For the same skillset you could be getting 20-50% more in an international bank or BB. But what you have to give up is job stability. If you have kids or parents to support or a mortgage to pay off or simply looking to retire without further career growth, you can consider joining a local bank. That's why if you're a fresh grad or below 35 without financial obligations, staying in a local bank is career suicide.