Quote:
Originally Posted by Unregistered
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.
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Could you elaborate abit more on the job stability in foreign banks vs local banks? Perhaps also differentiate between the different "classes" of foreign banks if possible. Not everyone will be able to get into a prestigious BB, and personally not too sure of the future exit prospects of going into a smaller regional or foreign bank branch.