I’ve been job hunting recently, as I want to exit WF after 6 years. What I’ve noticed is that when I see a job opening at another bank I automatically get a bad feeling about it. With that in mind I have stopped playing at banks and started exploring other industries.
Does anyone feel the same way? How many of you would like to get out of the banking industry in general?
11 replies (most recent on top)
As a straight, white male, I ditched the corporate world because they created a hostile work environment for people who don't believe in their woke BS. And I'm producing and earning way more without having to be harassed daily.
the real question is perhaps - how many people want to leave the us empire?
Wells is a stain on the resume if you look to go to a huge bank rival of Wells. The smaller the institution, the better your chances. If you look to change industries, your money earnings will probably be less.
I am on the fence. I have worked here 20+ years - but am a Business Analyst/Execution Consultant, so am fairly agnostic to the subject matter of what I am working on.
The thought of starting over outside the banking industry is kinda terrifying - but also kind of exciting. I mean, imagine working for a company where the c-suite cared AT ALL about their employees ?!?
I’m younger so I’m not trying to leave the industry as nobody my age wants to get into banking. A friend will want to get out of the restaurant industry and I offer to be their in at the bank which is received with a look of disgust. Like it or not banks are here to stay 2008 proved that. I plan on just racking up my experience while people “pursue their dreams”
I just did, but I'm in technology (actually security) and left for a large tech company.
At first, I was looking at other banks because I figured my experience would transfer well. But then I realized I really wanted out of the financial industry and make a move to the tech world where they actually value their engineers.
My total compensation more than doubled and I get to work remote full time. And I'm in a culture that actually treats engineers well!
There are jobs out there, but it may take some time to find the right fit. Good luck to others trying to make the same jump!
IT person here. Can confirm that it's easier for us to find work, as IT stuff pretty much doesn't matter what the industry is.
"Getting into the banking industry" never entered my mind when I came to WF. What attracted me was that there was a highly-regarded IT team here, and I wanted to be part of that.
But that was a long time ago, and that team no longer exists. The only reason I'm here now is because I'm going to retire soon and there's no sense in going anywhere else at this point.
🙋♂️
If you have LOB experience, or experience in business analysis or any type of data analytics, change management, etc. Look at fintechs or consulting companies
I want out of the banking industry too. I have been searching for jobs, and have been getting rejection letters. I think people in IT might have more options, and those might be the people talking about how easy it is to find work elsewhere.
I watched the show, Daughters of Destiny, wherein a person started a boarding school in India, with the sole purpose of breaking the cycle of poverty. The goal is to provide children from the lowest caste, an opportunity to become educated, go to college, and succeed in life. Amongst other subjects, the children are taught moral and civic engagement, so that they not only have a better life for themselves, but also for their families and others too.
A job like that seems much more worthwhile than working to increase the wealth of someone who is already wealthy. I don’t want to be in a job where the CEO and his buddies keep getting hefty rises and bonuses, while the rest of us get 1-2% raises, which don’t even cover the cost of increased insurance premiums. They want to raise the minimum wage salaries, and barely move the salaries of the people who have been here for years, and/or have a college education. People aren’t rewarded for working here for years, internal job changes have salary caps, and people are concerned about job stability. How many layers has Charlie added since starting here? How many executives has he hired, and how many people have those people hired?
Supporting corporate greed isn’t what I want to do with my life. The difficulty is that I have spent 20 years in the financial industry, and I don’t know where to go from here with my skill set.
I would <3 to get out - but I'm not so sure the corporate BS is different anywhere else - and after 20+ year not sure I could make as much $ doing something else...