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-   -   jump from foreign bank to local bank (https://forums.salary.sg/income-jobs/9286-jump-foreign-bank-local-bank.html)

arrownarrow 26-07-2017 07:49 AM

jump from foreign bank to local bank
 
I have got an opportunity to move to a local bank to do similar type of job for 20% more pay. no short term growth opportunities at my current job. no promotion or pay hike on the cards other than the annual measly 5% increment (if I get ranked above average in my appraisal)
anything else I should consider?

Unregistered 26-07-2017 11:35 AM

Quote:

Originally Posted by arrownarrow (Post 98949)
I have got an opportunity to move to a local bank to do similar type of job for 20% more pay. no short term growth opportunities at my current job. no promotion or pay hike on the cards other than the annual measly 5% increment (if I get ranked above average in my appraisal)
anything else I should consider?

you got to tell people what role is it right? the BO/MO/FO compensation structure is different

Unregistered 26-07-2017 10:47 PM

Quote:

Originally Posted by arrownarrow (Post 98949)
I have got an opportunity to move to a local bank to do similar type of job for 20% more pay. no short term growth opportunities at my current job. no promotion or pay hike on the cards other than the annual measly 5% increment (if I get ranked above average in my appraisal)
anything else I should consider?

New job has growth?

arrownarrow 30-07-2017 05:14 PM

Quote:

Originally Posted by Unregistered (Post 98961)
you got to tell people what role is it right? the BO/MO/FO compensation structure is different

Its a like for like role in BO. 20% is the overall diff after weighing salary, bonus and benefits. I have been conservative in the approximations. The bonuses at the local bank are better than what I had received till date, so some more upside in pay is expected.

Quote:

Originally Posted by Unregistered (Post 98980)
New job has growth?

As much as my current job. The only difference is that there are lot more opportunities for lateral movement at the foreign bank. However I have been unsuccessful till date.

Unregistered 30-07-2017 06:35 PM

You should go. Local banks have higher and more stable bonus. Seems like a good move for you.


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