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Job hop with 10% increment

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Old 31-12-2013, 05:36 PM
Teo Teo is offline
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Default Job hop with 10% increment

My current drawn is $4xxx basic in a financial industry. There is a foreign IB bank which is offering me with 11%increment. It's not up to my expected salary so I'm having thoughts whether I should leave. I have about 2-3 yrs experience. Should I move?

I'm happy with my current company. Jobscope wise is about the same.But the bank has a bigger branding so I'm wondering if its good for my résumé in the future.

Looking for advices of any. Thanks

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Old 01-01-2014, 11:33 PM
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clearly your pull factor is not enough and you have no push factors, why move? there are a lot of intangible factors to consider when you move companies and they are only apparent when you settle down in the new place (new colleagues, new environment, new systems etc). change is troublesome, so make sure you are well compensated to deal with the change, especially so since you're happy where you are currently.

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Old 02-01-2014, 01:30 AM
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Originally Posted by cbee View Post
clearly your pull factor is not enough and you have no push factors, why move? there are a lot of intangible factors to consider when you move companies and they are only apparent when you settle down in the new place (new colleagues, new environment, new systems etc). change is troublesome, so make sure you are well compensated to deal with the change, especially so since you're happy where you are currently.
Sorry to hijack this thread.. abt same scenario. . Currently getting 5xxx/mth

A. Big company name, very reputable. . Move is alone..Offer 6xxx
B. Small company, very new start up. Move as a group with the same team.. offer same as last.. 5xxx.. monthly diff is able to finance a car comfortably. . Which will u choose A or B?

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Old 02-01-2014, 07:00 AM
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Sorry to hijack this thread.. abt same scenario. . Currently getting 5xxx/mth

A. Big company name, very reputable. . Move is alone..Offer 6xxx
B. Small company, very new start up. Move as a group with the same team.. offer same as last.. 5xxx.. monthly diff is able to finance a car comfortably. . Which will u choose A or B?
A without a doubt. Shouldn't join a startup as an employee. If you must join, join as a co-founder with good equity AND high pay.
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Old 02-01-2014, 08:24 AM
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Sorry to hijack this thread.. abt same scenario. . Currently getting 5xxx/mth

A. Big company name, very reputable. . Move is alone..Offer 6xxx
B. Small company, very new start up. Move as a group with the same team.. offer same as last.. 5xxx.. monthly diff is able to finance a car comfortably. . Which will u choose A or B?
ah, another start up dreamers! move only if you're young and can afford to lose your job if anything goes wrong.
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Old 02-01-2014, 05:09 PM
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My current drawn is $4xxx basic in a financial industry. There is a foreign IB bank which is offering me with 11%increment. It's not up to my expected salary so I'm having thoughts whether I should leave. I have about 2-3 yrs experience. Should I move?
OP, I am curious. What department and which foreign IB? If you don't want to say the name, can just say:

Tier 1: GS, MS, JPM
Tier 2: BB except the above 3.
Tier 3: All others. This would include HSBC, Standard Chartered.

Actually, department more important. I ask because I feel that 2 to 3 years in ANY foreign IB would already equal $5k+ with maybe the exception of HR and Compliance departments.
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Old 02-01-2014, 05:21 PM
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Quote:
Originally Posted by Unregistered View Post
OP, I am curious. What department and which foreign IB? If you don't want to say the name, can just say:

Tier 1: GS, MS, JPM
Tier 2: BB except the above 3.
Tier 3: All others. This would include HSBC, Standard Chartered.

Actually, department more important. I ask because I feel that 2 to 3 years in ANY foreign IB would already equal $5k+ with maybe the exception of HR and Compliance departments.
i'm just surprised where u got your tiering???

Barcaps is below Morgan Stanley/JP Morgan according to you? Just because it's american doesn't means it's good...take a look at their finance and stock price over the year and we'll talk again...
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Old 02-01-2014, 06:01 PM
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Trader bias here. My conclusions come from a combination of trading revenue and prestige.

1. Trading Revenue
GS and JPM are usually tops but MS lacking.
( How Much Trading Revenues Do U.S. Banking Giants Rope In Each Quarter? -- Trefis )

2. Prestige
I know this may be a bad indicator. But it should still count for something.
MS is at 6. Barclays at 20.
( Vault.com|Best Commercial Banking and Financial Services companies to work for|Vault Banking 50 )

Okay, but Barclays better than MS in trading, I'll give you that.
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Old 02-01-2014, 06:11 PM
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Just because it's american doesn't means it's good...take a look at their finance and stock price over the year and we'll talk again...
Hmmm, while Barclays market cap is higher than MS' (72.96B vs 61.19B), it seems to me that MS stock price has been trending up in the last year, ~20 to 31.36 while Barclays' not so, ~18 to 18.13.

BCS:
Barclays PLC Common Stock Stock Chart | BCS Interactive Chart - Yahoo! Finance
MS:
Morgan Stanley Common Stock Stock Chart | MS Interactive Chart - Yahoo! Finance

Unless you're talking about BARC.L which is trading now at 270.35 but that's a drop from it's price a year ago at 276.

BARC.L:
BARCLAYS Share Price Chart | BARC.L - Yahoo! Singapore Finance
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