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Old 23-02-2022, 05:25 PM
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everyone has a different opinion on which dept is really the worst, depending on your genuine strengths and interests. the thing is, compliance is a cost centre, whilst yes you are still an important function bcos obv banks cannot not have it, but you are not in a dept pushing sales and driving revenue.

and if you have actually worked in a bank before, you will realize that people at the revenue generating side are typically more capable and ambitious and you will simply learn more there and grow your career at a faster pace. of course, not saying there is no one capable or ambitious or nothing to learn at compliance, i am just saying in general that those are much more commonly found in revenue generating functions. when you go to work, i would like to think that it is not just the work alone that defines your learning experience, but also the people you are working with.

and just because it is BB that came up with a grad programme for the compliance function, doesn't make compliance a great function. JPM has a HR grad programme too, would you like to now change to pursue HR as a career? A grad prog is just a grad prog, banks need to have a compliance team and they want to bring in fresh grads to groom, in hopes that there will be capable ones who can eventually lead the compliance depts in the future. It is as simple as that. Grad programmes are just talent grooming programmes for that particular dept they recruit for. It is not suppose to signal anything about the prestige /whatever else, of the function.
Are these revenue generating departments in other words are also sales… RMs they are pretty much similar to salesperson and insurance agents but they just work in a bank. It doesn’t really require much skills to be a RM, the barrier to entry is low. Of course IB is another thing but how often do people get a chance to enter IB, usually only those from affluent families or have connections tend to enter as a fresh grad much easier than the majority. Not picking a fight here but just sharing…

But curious you know how strategy seems prestigious too… so is strategy roles in banks considered support role too? 😬
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