Fed to Private Sector

[Anonymous]

Anonymous wrote:OP here. His job and agency are stable but like one of the previous posters shared- nothing feels stable after the past year. Large bank wants to hire him and there is likely potential for management in the longer term. He will make a bit more than his current salary pre-bonus. He wants to move to give it a try, for some more balance and flexibility (current role is really intense) and long term higher earning potential.

Investment bank or commercial bank? There is nothing stable at all at an investment bank, even compared to the last year of fed work. The trade off is the much better comp but it’s up to you decide whether that trade off is worth it for you (bonus can often double your base pay, or more at higher levels). Commercial banks can be steadier but comp is not as stratospherically high. Even there it can be tough, though. For example, at Capital One they cull the bottom 10% of performers every year or something like that. It depends on the bank.

If you think the comp vs stability trade off is worth it, go for it. Otherwise don’t.

[Anonymous]

Anonymous wrote:OP here. His job and agency are stable but like one of the previous posters shared- nothing feels stable after the past year. Large bank wants to hire him and there is likely potential for management in the longer term. He will make a bit more than his current salary pre-bonus. He wants to move to give it a try, for some more balance and flexibility (current role is really intense) and long term higher earning potential.

Really private will be more balanced then Federal employment??