I come from Wells Fargo (13 years) and total 15+ years of experience. After layoff from Wells Fargo now during interviews with community banks, credit union salaries is almost half. In my town (Wyomissing, PA) , no big bank presence so most chances are with small financial institutions( unless I move). How to handle salary negotiation. Advise pls!

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I was in your EXACT scenario.. Wells for 15 years, laid off, struggled for 11 months to find a comparable role. Then I found a role at First Citizens (who is still hiring remote positions, btw) that was a step DOWN from my role at Wells and was able to negotiate a 25% increase over what Wells was paying me.

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What’s your position ? If you don’t mind sharing.

Unfortunately, you will not be able to negotiate what Wells was likely paying you.

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To put in context, what was your role at Wells and what was your salary?

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If you're getting offered half your previous salary in your area, you may need to move where the industry is.

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You're off boarding from one of the largest financial institutions and migrating towards smaller institutions... there's no way to negotiate close to your former salary. You may be able to squeeze in an extra 5-15%, but that's going to be your limit without climbing into a higher position in these banks.

You also have to remember Wells does not have a good reputation in the industry. I’m sure they have some very good people and I don’t think all their people are bad, but because the reputation that they have in the banking world is not a good one, that could hinder your job prospects.

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