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Anonymous User
Hello ZSers,
I have been shortlisted for AC role and my HR discussion is scheduled next week.
1. Need some insights on the maximum and minimum ctc (fixed and variable) that can be offered for 3 yoe (all relevant) . My current ctc is 7.2 (6.5 fixed) . Tech stack - Big data and AWS developer.
2. Is there any joining bonus. If yes , what should be the ask.
Any inputs will be very helpful for me to go with my expectations to the HR. Thanks!
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TD is actually gonna be the sixth-largest bank in the country so it’s not just a “smaller bank”, it’s just not a big four. The only difference would be that JPM is an institution that most people come from in finance and so people may be more relatable to you after your career with them, how-ever that shouldn’t be the important part because I can tell you from experience as someone who has worked for TD then for JPM and now back at TD, is that what’s important is how the firm treats you as a person. JPM treats you like you are just a number and honestly will not at all hesitant to let you go, TD cares very much about their employees, TD never looks at termination as an option, this is why TD is very stable, stability is very important for those who don’t have their parent’s trust fund to rely on, trust me when I say it’s not worth exploring the possibility of what can happen for you at other institutions just because. It’s smart to pick somewhere to work where you can truly be you and not have to worry that being your whole self, can get you fired without even so much as an investigation. TD is a beautiful place to work and is not perfect but constantly growing and learning and being here is well worth it especially if you are getting paid well. Many employees have started their careers here and are now executives, some have decided to go elsewhere but they have the same if not better qualities than if they had started at Chase. The question you have to ask yourself is do you want to be in a bank that’s already well established and you just doing boring things all day because there is nothing to establish, or do you want to be a part of a company that is respected, consistently growing and allows you to bring new ideas and new perspectives on growth to the table? This bank has gone from none existent to number six in the U.S. in only 20 years, JPM has been around for centuries and most people experience employee abuse there plus who cares what they are doing as a firm, they have been at the top for so long it’s like a revolving door there and you most certainly won’t be making any kind of difference.
@TD1 thank you for this!! I needed to read this!!
No it wouldn’t hurt your resume .. TD is one of the top banks…
Go with your gut! It shouldn’t hurt your resume. Is it a lateral move? Would you consider it a promotion? Unless you’re moving down a step, I don’t see how a recruiter would look down on upon you leaving BOA to go to TD.
Another thing to consider is the type of work you’re doing and who you’ll work with at TD. I am at a Canadian bank working in the US and I find that the head office moves at a slower pace than the local office. Not necessarily a bad thing, but the view depends on where you are in your career and how much you want to move around to other roles within the company.
I don’t feel it will hurt your resume as long as the move makes sense, as others have posted, and isn’t a step down. All things being equal, I would look at other aspects to make this decision - benefits, culture, commute, team, etc.
Not at all. TD has an excellent reputation
Not at all. Also consider your area of expertise and how each particular role allows you to grow and further develop your skill set.
JPM is a great place, speaking from experience since I spent 5 year a working for the Bank, but due to size each function is really silo'd so it can be hard to learn things that aren't generally within the scope of your role. Smaller banks tend to give you the opportunity to wear many hats which can be great for learning.
Ultimately, I think both places will look good a resume. Congrats and good luck!
One thing you might consider is, will any of your bonus be paid in stock? If so, consider what you think the stock of each company is worth. This can make a big difference in terms of your realized compensation in the long run
Not necessarily. Smaller banks have their own pros and cons, just like the bigger ones. But it will not hurt your resume in any way.
You won't hurt your CV if that's what you're worried about. TD has a good reputation despite being a small bank. Go for it!
I would go for TD. That is going to really boost your resume.