I worked as a lender at the credit union for 2 years in Canada. I manage consumer, ag and comm files, am pretty comfortable with clients and getting complicated lending cases completed or organized. I want to pivot into similar role in one of big 5 banks (RBC, Scotia, TD etc) with a pay increase. I do not have CSC but completed Moody’s Ag and Commercial and NCL Financial Analysis 1-2. Is it realistic or is pay cut inevitable? I would appreciate any thoughts and recommendations.
How much cash do you like to keep in the bank these days just to feel comfortable? I was talking to a friend over the weekend, and it surprised me how different our answers were. We both have about a $5k mortgage, but she’s fine keeping around $1,000 in checking and just letting each paycheck cover expenses. I’m the opposite, I feel like I need closer to $30k there to really breathe easy in case of a big expense or layoff. Curious how other people think about it.
What’s your in office schedule like? Are you 100% in-office, hybrid 3 days/week, or another schedule? I’m noticing fewer and fewer remote roles, but am trying to get a sense of how many hybrid positions are still out there. I prefer hybrid or remote, but I’m starting to feel like even hybrid is getting more and more scarce.
I was excited to hear I had gotten a job at DataAnnotation. It was the first job I had in 2 years that wasn’t mowing baseball field grass. Only to find out that they fired me 3 days after I started. No warning, no due process, just a blank screen where my projects used to be that’s says my account is suspended due to poor quality work or terms of service violation. I feel I didn’t deserve this treatment. Has anybody else worked for this company and got the kiss of death like I did for no reason?
Realistic pivot, pay cut is possible but not necessarily inevitable. Looking for a lateral role will help, since most big banks seem to pay less at the entry or mid-level.