标题: MNC research or sell side analyst [打印本页] 作者: Zesty 时间: 2011-7-13 13:59 标题: MNC research or sell side analyst
I am CFA charterholder, currently working in a MNC as a research manager. The company is very stable, never/ not usually layoff people. Many people work till retirement. Not much workload here. But the salary is not high at all. The company freezes my salary for many years.
Now a medium size local financial company offer me an AVP post in research, with 16% salary increment. Should I make the switch ?
Want to hear what others think. Any input appreciate ?? Is financial company staff turnover very high, layoff people easily? I have no experience in working in financial company at all.作者: bodhisattva 时间: 2011-7-13 13:59
You have been given an American call option in the money and you are scared of taking it. A company that recruits during a downturn is not likely to lay off during a boom...作者: oneboy 时间: 2011-7-13 13:59
nice analogy作者: Chuckrox 时间: 2011-7-13 13:59
I'd jump.
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-My friend QQQbbe, we will never forget you.作者: mik82 时间: 2011-7-13 14:00
Thanks all for the inputs.
One more question. They now offer me 16% increment on my current basic salary + discretionary bonus.
The MNC I am currently work with usually provides extra one month discretionary bonus per year (almost fixed, doesn't vary according to economic conditions). As I have no experience in working in any financial company, does anyone have idea how many months a financial company usually pay on discretionary bonus. Would that be more than one month ?作者: IAmNeil 时间: 2011-7-13 14:00
Are you in Asia? That fixed one month extra "bonus" sounds like an Asian thing--I've heard friends in Asia getting that. Anyway I agree with everyone here. Take it.作者: mar350 时间: 2011-7-13 14:00
Yes from Asia.作者: mp3bu 时间: 2011-7-13 14:00
By the way "discretionary bonus" means it's discretionary, which means it could be 0 or it could be 200% of your base salary. During the normal times banks can easily pay out 100% of base salary as bonus (couple of years ago 1st year analysts were getting 60k base + 60k bonus). But you said the new offer is from a local financial services company, so I'm not sure if it works the same way in Asia, unless it's global pay...作者: lcw77 时间: 2011-7-13 14:00
Thanks balletsh0es.
I think it works the same way in Asia but in terms of months. A friend of mine working in a local bank saying that they got 10 months+ bonus per year in normal times.
