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jump from foreign bank to local bank

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Old 26-07-2017, 07:49 AM
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Default 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?

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Old 26-07-2017, 11:35 AM
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Quote:
Originally Posted by arrownarrow View Post
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



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Old 26-07-2017, 10:47 PM
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Originally Posted by arrownarrow View Post
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?

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Old 30-07-2017, 05:14 PM
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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.

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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.
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Old 30-07-2017, 06:35 PM
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You should go. Local banks have higher and more stable bonus. Seems like a good move for you.
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