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CAIA vs CFA?
Product Management at a large bank vs Business Analytics/S&O for FAANG? Recently started in the former role, but have interview calls for the latter just come up in my mailbox. Similar comp when adjusted for the different job locations. Can anyone help me with the Pros and Cons please. I know the roles are different, and so are the industries, need to understand difference career paths and difference in corporate cultures. JPMorgan Chase Google LinkedIn Citi
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Been in banking for 3 years. No degree or related experience. Promoted every year I’ve been working. How did I start? Prayed about it and then I walked in and asked for an interview. Got it on the spot. I was wearing jeans and a t shirt but it went really well. My best advice to you is to work on not having a limited mindset. Under or over qualified doesn’t matter. If you want something find a way to get it.
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First time ever hearing someone say they prayed for something on here. That’s awesome!
But walking into the bank with jeans on and asking for an interview (and getting it?) is crazy 😭😭
Don't let it get you down. Just know that it's all corporate bs. Keep looking for pathways up or out. Good luck.
I worked in the banking industry for 20+ years, and I never heard of a requirement for a teller to have a degree. Nice to have perhaps, never a requirement.
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Assc. 1, have you found yourself hitting any sort of ceiling not having a degree?
That's why we need loan forgiveness because so many people who conned into getting college degrees that aren't necessary and will never be paid off because they can't get jobs that pay enough.
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I’ll never look down on my degree. I garnered valuable, lifelong relationships and amazing memories.
Idc if I’m not using it. Tbh, the connection I made in undergrad was who helped me get in touch with an awesome recruiter for Morgan Stanley.
Go to investment industry instead. Banking is not that fulfilling and exciting- very low pay, politics and a lot of drama, they treat you as a number and can get rid of you after many loyal years right on the spot. I would suggest you to reconsider Banking and go to investments instead, at least better pay and you'll learn a lot more !
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FI2, a mentor told me this as well, regarding the comparisons between Banking/WM.. Is the pay in WM really that much more than banking?
How do I get into the banking industry in that situation and without past experiments within the banking industry? The closest experience I have would maybe be the cashier job I have now and had in the past. I'm also half way through with getting a masters in finance.
You can do some research on what discipline of banking you want to be in (Wealth management, business operations, Retail, Compliance, Marketing , Digital, etc...). Once you do that, find out what are typical entry level jobs for that line of business. Review the hard skills associated with applications for those positions.... continue down that road and whatever you decide, your degree should be a tailwind. Good luck!
Have you tried looking for internships?
Go for a financial services job and make a lot more while your at it!
I’m just trying to get into the banking industry and even with a bachelors it doesn’t seem to be enough
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I was in a similar situation. Tried breaking into WM for YEARS. Finally made my transition to Morgan Stanley through a connection I made while in undergrad. Never underestimate the power of networking.
Financial advisor roles. Which is basically like sales. I think all you need is a bachelors degree to get started. They usually pay for the licenses you need for the job as well.
Retail banking sucks :( also what bank requires a degree? Ive worked at the bank since 18. Im a vp now and only have my associates.