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The banks need to emphasis what I believe they have that is truly superior to startup or smaller tech firms: an established business, stable, predictable hours,
by jimmy1 8y ago
The banks need to emphasis what I believe they have that is truly superior to startup or smaller tech firms: an established business, stable, predictable hours, reliable pay, excellent benefits, and the security that your job won't be ripped from underneath you.
- Aeolun 8y agoThese are a lot of the reasons I would join a bank. Ping-pong tables just do not factor in these decisions. Unless you are aiming for the shallowest of the shallow tech guys, superficial stuff won’t help you.
- Areading314 8y agoNone of these apply to banking jobs, other than the established business one. At least in the US.
- mcv 8y agoMaybe the problem isn't so much with banks, but with American companies, and the lack of reasonable regulation there.
- snazz 8y agoThere are still good ones, you just have to hunt quite a bit more. The current administration certainly won’t be adding any new regulation, although it would be nice if it somehow happened.
- fjp 8y agoMy friends that went into investment banking did so because they were going to make shit loads of money without having any technical skills. They put in a few years of hellish hours then move to private equity for even more money at less hours. The money is the selling point.
- jonathanyc 8y ago... which would still make working at a bank vs. at a large company the option with a - worse work-life balance - worse benefits - worse point on the good-evil scale If someone from a smaller tech company (which has worse pay or work life balance than a bank) decides to change jobs, they’d almost certainly switch to a bigger tech company first. Banks simply aren’t competing with the kinds of small companies you’re thinking of for talent because they aren’t even in the competition. They certainly are competing with Google, Facebook, etc, for new grads, but only when they’re able to offer much better pay.
- elindbe2 8y agoI agree with this. For all of their annoying qualities, my employer 1.) doesn't make us work overtime 2.) the work is stable and it's hard to get fired if you are a full time employee 3.) the benefits are pretty good, especially vacation and child leave.