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I am not good in trading. Earlier had some with motilal oswal, have to check it's status and close as Citi does not permit trading outside I guess.
Since I recently joined Citi, Now I want to learn and do trading inside citi. I really want to master this skill ..
Please guide me on this.
Thanks in advance Citi India Cognizant Infosys Tata Consultancy
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TRX punished man 😪
“Fuck it I’m going to PDF this bitch"
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They always use that time excuse against us. I think the longest I had to wait was 5 and it wasn’t well received on my end.
Have you asked for it? Make some highlights of your accomplishments document, why you deserve it, and have a 1-on-1 conversation with follow up notes emailed to your manager after the meeting. Best of luck!
Promotions are based on high performance especially in finance. If you are waiting on getting promoted to Vice President from the associate level you may have to wait until the current Vice President leaves the company or gets promoted. There is mostly one position for upper and senior executive management positions. Like one Vice President, one Senior Vice President, one Executive Director, one Managing Director, one Senior Managing Director, etc. It really depends on your company's position ranking some companies are similar and some are totally different. If you are at Goldman Sachs and are in a revenue-producing division like investment banking, private wealth and asset management, trading, global markets, etc. Promotions will be based on your revenue-producing potential. Which means you have to be a rainmaker for the company and land Lucuative deals. I am a 30 year old ivy-league educated Managing Director of Investment Banking at Goldman Sachs in San Francisco, California.
If I have to remind everyone that I received my MBA and JD six years ago at 24 years old and my AB in Economics at 20 years old from Harvard University because I graduated high school at 16 years old. The MBA/JD program is a four year program. I just turned 30 in December. You do the math.
Generally at banks the promotions do not happen quickly. (1) you have to be performing at the next level and (2) they have to have a need for someone to be at that officer title. Before you had to perform at that level but that is not enough anymore.
Generally in banking, Associate to VP promotions almost always happen around the 3 year mark, if the promotion happens at all. I’ve seen it take an additional year for folks that might need more time. If the VP promotion doesn’t happen after that they’re basically telling you to leave
5 years and counting. And it’s not because of my skillset, but purely politics. Worst is that the VPs in my team know way less than me and I’ve to babysit them through solutions, but oh well 🤷♂️
Mixture of DEI meets squeaky wheel meets corporate political game. Been there, done that…MS1, ever thought of positioning yourself for a shift over to incentive based comp plan that directly rewards your abilities, such as commission based role? If your immediate thought is fear of not having paycheck, then you will post same complaint just adding another year after year to “(#) years and counting…” Research incentive plan for those responsible for giving you a raise…is it in their best interest, financially speaking, to increase your pay? If yes, remind them of this…if not (likely the case), then…good luck.
Nope are you getting above average reviews? Do you participate with any of the firms networks, or help out on any workgroups for promotion they look at more than just BAU
I know at Axos they make it very difficult to get above average reviews. Which makes in office politics VERY Important…
After 5 years as an associate I just asked my boss, the Finance Director, what was the problem with my work and why was I still an associate after 5 yrs and a masters degree? He said title doesn’t really matter…. But the next month I got a promotion and a raise. I would just ask why.
I left a role after 2 years and no promotion. Got the promotion from another company and now hate my life!! I wish I had have stuck it out. My team was awesome and I liked my work.
If you liked the team and they liked you then why didn't they give you the promotion? Was it a performance issue?
5 years here at BNY…although ops says it promotes 1500 at Directors Sr Director and MD levels. Just so wrong when working levels need to be cultivated.
After ten years of work at a prior company, despite being part of an advance group to check on all process and procedure updates, getting high marks on my reviews, being part of various groups that did everything from helping on board new employees to helping plan holiday parties/corporate events, I was still at the same level I was at when I was hired. This place used the 2008 crash (happened a few years in at this place) to cry poverty and withhold any serious raise, bonus and/or promotion.
That is how big banks operate. They seem to have deep pockets to pay executives but no fund for the future leaders.
I have 16 years industry exposure and one thing stands true is promotions come with politicking. Rub the right shoulders, shake the right hands. I was never promoted for my skillset the latter half of my career…. promoted 6x over an 8 year span. Once I moved departments and the politics were different and tighter between the members it was difficult to get recognized or infiltrate lol. I had to jump ship to a new firm after 14 solid years. It was time but it was a sour departure for me. After college I had a dream to retire from that one firm under my belt. Life had other plans. If you’re ready and you’ve gained lots of industry experience seek an outside opportunity. You never know you might surprise yourself. I got a $30k pay raise. :) best of luck!
4 years is the longest I ever waited for a promotion. Why, I had a new manager every 12 months who promised me a promotion, then that person would quit or go to another position themselves, so I had to reprove my worth to the next person. As I’ve gotten older, I realized, it is a double edged sword to be in the same position for more than 2-2.5 years. The plus is you’ve shown you’re willing to stay at a company aka loyalty. The minus is you get asked why haven’t you been able to move up. The minus is the bigger factor because it tells an employer you either have no drive for success, you are an average performer who does enough to keep their job or you are just someone who is content but not ambitious. Not saying that stuff is true for anyone but it is the impression hiring managers have of you when you apply somewhere, even within your own company. Morale of the story, stay long enough to show loyalty, but leave before you start giving the wrong impression
Same here. 12 managers over the course of the first 8 years. They rarely stayed long enough. First department 4 years. Second 4 years and third 5 years. I was done.
I would of left you’re a better man than me 🤣
I don’t work there anymore. I was there for about a year and a half and to get licensed as an internal hire it’s ridiculous I was 24, motivated and ready to pass and study full time to be a licensed rb and they kept hiring external, so I went to fifth third. Chase sucks at promoting
12 years - I got an office with a door and tripled my salary but never actually got promoted. <- wouldn't recommend it or suggest this is ordinary. It was also not a rigidly structured business
If I don’t have a promotion or a path to promotion 3 years in I’m looking for another job. A lot of times politics or bad luck just knock people off the tracks they should be on. Almost 2 years here and have a path to promotion in 2 years. But I’ve also communicated with my seniors about it and put a plan in motion.
Personally, if I am going above and beyond, and I do not receive a promotion within 2 years, then
1. I start questioning my life choices and identify if I am the problem
OR
2. If I identified I am not the problem, then I start posting out internally/externally
Yes something is wrong. That’s too long for entry level. Mid career is where some can get stuck. My advice would be to explicitly ask about it or find external opportunity.
More than 3 years, when I left my entry level analyst job. My manager told me directly that I shouldn't expect a raise or a promotion after all that time. Other members of my team, or adjacent, were getting sizeable raises or promotions. Over half the recon team had just quit prior. I had good reviews, too.
LOB dependant really. I have seen people in service go 8 to 10 years before they make it from 602 to 603.
The longest it took me was two years and even that felt like forever. Reading these comments though I would say that there is nothing wrong. Looks like it has taken people longer than that to be promoted.
There's someone in my team already past 5 years, but I know some are 8, 9 years