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Old 10-05-2016, 12:12 PM
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Quote:
Originally Posted by youngcy View Post
Currently local bank, IT Project manager, 115k last year with bonus, 90k basic with 25k bonus. 8 years exp.

Just got an offer from tier 2 foreign bank, compliance dept (still doing aml system related work), 130K (115k base + 15k bonus), Business Analyst, 1 year contract role.

headhunter keeps pressing me to saying he give me around 29% increase for basic pay. It is super good, no brainer, should definitely get it.

In addition he mentioned:

- This tier2 foreign bank is way much better for my career
- Though it is BA role, he mentioned that even if i put PM in my resume, no one will know which I highly doubt so.
- Foreign bank pay higher basic, it will make my future job switching easier.

My concern:
- from perm to contract
- yearly increase only 13%, i expect 20+% since this is a contract role with much less benefit.
- Title from PM to BA which may not look good on my resume.
- I receive calls from over bank or SI recently, though market is not good, but compliance field is still hot. I may get better package later
I wouldn't take it based on job security. Banks are going through a tough patch and first to go are highly paid contract staff. Then again also depends on your age/family profile.

From experience recruiters are like any sales people and will paint you the rosiest picture for them to secure their commission.
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