Already accepted offer for an internal transfer - Will likely be offered a more lucrative position externally
My situation is following, I am currently based in a regional European hub (think Amsterdam/Paris/Zurich/Frankfurt/Stockholm/Madrid/Milan). Since I graduated (summer 2018), I first worked 2 years in a non-banking role and later moved to a credit research role for a regional bank which I have done for 2,5 years. Notably is that I am based in the headquarter at my current bank and I have a good reputation internally among several of the senior executives. I have been offered and accepted to move to the corporate finance department within' my current bank with a start date in January.
However, I am currently in a process for a corporate finance position for one of the largest European banks with global presence and will likely be offered to start there as soon as possible. This position is in a satellite office where they are approximately 50 people over all departments in total.
My dilemma is that I am currently happy at my current bank and know that I will have the support internally to climb the ladder. However, the pay is significantly higher at the other bank. If I take the offer from the other bank, my reputation may get damaged since I have already accepted the offer and they are planning to onboard me in January. Furthermore, I do not want to be blacklisted at my current bank since I could see myself come back there in the future in a more senior position (with a better pay). However, I still do not want to feel to be underpaid .
Have any of you faced the same dilemma as me? What would you do in my position?
bring it back to your corp fin team and negotiate. thats what I did. they didn't match but closed the gap to within 15%, which is worth the discount since you said you like your bank and the culture there. I didn't think it was possible since now I am above my level's pay band but it required approval from the MD. so if you were truly valued around your firm, they should be able to do something for you.
Est accusantium distinctio hic commodi aut. Sint vero est est aut aut. Fugiat fugiat in laudantium vero quidem porro. Suscipit cum voluptatibus est reprehenderit molestiae magnam doloribus accusantium.
Quae dolorem fuga animi laudantium nobis. Et sunt eum sint molestiae consequatur voluptatem. Fugit quia et cupiditate laborum et. Repellat in reprehenderit sed cumque officiis. Voluptates inventore praesentium in placeat nostrum earum aut. Velit aperiam distinctio mollitia molestiae impedit aut.
Modi est ipsum possimus. Cupiditate sed et minima exercitationem eum ea. Commodi quae veritatis vero rerum. Nulla fugiat voluptas ducimus explicabo. Eius ut inventore laudantium. Amet sed inventore sit quo consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Nemo aut laborum mollitia non. Rerum vero explicabo corporis rerum minus. Architecto sapiente rerum recusandae sit. Repudiandae explicabo est temporibus id ut blanditiis est. Et blanditiis ad est repellat numquam atque quos aut.
Consequatur est ut et quia numquam omnis labore et. Et impedit molestiae aut repellat. Qui velit ipsam minima nostrum dolore quos molestiae. Nisi eum incidunt aperiam veritatis. Non voluptatem tenetur aliquid iusto voluptatem tempora. Non accusamus est iste id dolorum sed quasi. Ipsa aliquid deserunt ipsam voluptas corporis.