Just accepted an offer at another bank. They have an employee stock program that allows me to buy their stock at a 10% discount. Is this common? Also, thoughts on buying and dumping when able to sell?

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Common, get 15% discount at my firm. Would participate and flip when possible, practically free money depending on equity volatility

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Same.. 10%+ discount is relatively good, several firms have either taken out such programs or reduced discounts, to of my prior firms now give 3% and 5% discounts.

The only trouble is that you start making monthly payments from Jan but stock purchases happen on a set date in December or January of following year, plus there are limits on how much monthly salary you can contribute towards such stock purchase plans.

Effectively, you are giving up opportunity cost by contributing whole year and getting stock at the of year; and 10% discount is probably just right to make it reasonably worth it

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