Quote:
Originally Posted by newbi3
As above! Anyone been through both of them? What are the pros and cons?
Banks
Pros
More structured and proper training
Selling of more products as you move up (into premier/private banking)
Cons
No recurrent commission
No work life balance
Financial Institution
Pros
Recurrent Commission
More work life balance
Cons
?????
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The main pros of joining a bank is some stability in terms of salary & benefits.
I doubt structured training really matters much. They just teach you a few basic selling points and basic admin procedures, you are not expected to do any in depth strategising or portfolio management anyway.
As for becoming a private banker, this is just a fantasy for 99.9% of the people out there. The chances of joining as a bancassurance sales agent in retail banking moving up to private banking is so rare that it wouldnt count as a "pro".