Jpmc called people 5 days in office and scrutinize people down to the hour trying to make sure the hours in office match their expected time. Citi has a lot of structural issues with not very smart leaders but atleast Jane is empathetic of people work life balance. I wanted to make a change for that reason and help with those issues instead of leaving but didn’t even get a chance to move internally so I left. But JPMC is even worse in areas like accommodations for disabilities while Citi did not nitpick on that ever. All I have to say is, be careful and know exactly why you want to leave and what you are willing to sacrifice before you do.
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Post ID: @jd+1jhgmwk08, you are right, I heard from my friend CPMC there is always fear of loosing the job anytime. At Citi if an employees performs bad then the manager would put them onto PIP and give time for let go. But at CPMC no one tells on their face, sudden firing.
Actually, one of the reasons I moved from JPM to Citi because the pay was better. Another was that the benefits were better, especially the medical plans. Of course, your mileage may vary.
Post ID: @jd+1jhgmwk08 Yes true, JMPC is better run and pays better than Citi.
What the OP and others need to learn, realize or ask themselves is, what is the minimum risk premium, salary increase will they accept to be under such Big Brother surveillance ? 1.5x, 2x, 3x, their current base salary ? The answer is different for everyone.
JPM's bonuses and benefits are also better. But since base salary is a fixed cost and we see this immediately on our biweekly paychecks, employees need to ask themselves the above question before jumping ship to a company that has stricter surveillance or RTO 4 to 5 days per week.
Morgan Stanley is the same way with strict surveillance and RTO, but MS also pays better than Citi.
I've worked at both companies.
In my experience, JPM is better run but Citi is a better place to work.
Sorry haters, but what the OP says is going on with the surveillance and DPRK-style pressure to conform rings true.
Good lord guys. Banking salaries su-k for finance guys pretty sure Firestone would pay more but absolutely any company with a market cap of 100B will at least below MD.
I imagine it's the same for tech.
For tech that makes sense.
If you're a tech specialist who works in banking, then your specialization is tech and you can transfer it industry to industry. If you're a banker, you're a banker, and your skills are not that easy to transfer to, say, pharma, or Firestone, or whatever this dude is selling. I think Citi employs a lot more bankers than firewall admins.
Are you aware that many small to mid size companies can’t offer the same benefits as a large company, so its not uncommon for them to make up for that and offer decent to more money. Don’t assume that company brand and size automatically equates to big bucks. I’ve got a bud at glasses manufacturing company who’s a tech guy making 150K. He hired on at that amount, not worked up to it. Extremely small company compared to C.
@ef+1jhgmwk08
You couldn’t be more wrong. You sound as if nowhere else in the world can match what Citi pays for the same skillset. I know what a firewall admin is worth both inside and outside of Citi and I can tell you with 100% certainty that what Citi pays them is low to mid range at best and no, I’m not a firewall admin at Citi but I do know what they make.
If you are skilled in a Citi proprietary tech, then you are probably making some decent $.
I can also promise you that you are 100% guaranteed to not find anything any better than Citi, if you never look.
Many of us have built careers in financial services and are highly specialized. And there's no way that "Firestone" pays what Citi pays. But you do seem to be very interested in spending a great deal of your time and energy trying to convince everyone that they are interchangeable widgets than can be plugged into anywhere. What's your motivation? You kind heart? Your paycheck as a recruiter?
Don’t be afraid to leave your comfort zone. I already updated my resume and going to start looking for all sectors outside banking, including healthcare. Change is good. Until I get something in my hand that’s guaranteed, I will keep surviving in citi. Don’t be afraid of the unknown. Those can be the best opportunities
But it's not...
@b3+1jhgmwk08, so, what? Maybe that's someone's preference. What's it to you?
I’ve never seen in my entire life such a group of people so fixated on only looking for, waiting for and applying for ONLY banking jobs and absolutely nothing outside of banking.
I just don’t get it. Its like being a mechanic and all the customers drive Ford trucks. Later that shop burns down. There’s a mechanic job at a shop across the street but no way I’m going to apply for it as they work on a mix of different trucks and cars and I’m a Ford truck guy only. The only thing I can do, the only option I have is to search for a place to only work on Ford trucks. I mean what other choice do I have?
Agreed we at Citi are fortunate that there a zero prospects for us to RTO in the foreseeable future. I’m at the point where I’m past slaving for money. I’m well situated for retirement. The work life balance is appealing, but my advice to younger workers is to find a better industry to work in.
I think we all should be moderately concerned about rto at citi. Earnings on wed will be a good indicator. To a certain excent, he’s Jane has won the investor community - but her strategy needs show meaningful tangible results this year. Frankly, most analysts don’t believe we will hit medium term return targets or also importantly, efficiency ratios
Now, if Jane does turn this around. It’s a complete validation of her strategy which includes her people strategy. If we don’t, then guess what…rto is on the table. Frankly, we could have a new ceo next year. Guess what change he/she will make?
Also voluntary attrition is has been very low across the banks. And subsequently, there’s gonna be fewer jobs to “run too” if we go full on RTO.
I can see citi flexing on rto if expenses remain outside of expectations
Again, listen to earnings will be interesting. But for those who dismiss RTO, I think that’s short sighted
Let’s face it, Citi does not pay at the top of the range. As one poster put and I’m just paraphrasing “Citi will advertise a pay ranges for which that range will be average of lets say 80K - 150K, the offer however will always be at the lower end regardless of what the upper end is advertised. The offer will be 85K and may negotiate to 90K. You will not be offered 150K at the upper end”. So yes, in that, they POST the market standard, which is way different than the actual OFFER.
The one thing that Citi has going for it, that is free that cost them nothing, is allowing their employees to work from home. This is the one singular perk that they have that will win people over on:
a.) not leaving
b.) taking less salary.
If they start flirting with the WFH capability or getting rid of it, the one perk they have, then you will see people do three things:
a.) doing just enough to keep from getting fired.
b.) only working 8 hours per day max.
c.) start looking elsewhere for more pay.
As many have said before, if I have to do something I don’t want to, and have. to go into the office, I might as well go elsewhere for more money for it. Yes, I’m sure JPM is more strict on such but again, if this is something I have to do, I might well go there and get more $ for it.
All that aside, you do know that there are other jobs out there other than in the financial sector right? Who says you can only look at JPM for employment. A PowerBi guy at Citi, can be a PowerBi guy at Firestone tires. A risk assessment guy at Citi, can be a risk assessment guy for Chevron. etc…. Who says you have to stay with banking?
@a8+1jhgmwk080 my manager and team at jpmc are not the issue at all. They don’t want to micromanage and they truly don’t. My manager doesn’t care when I come in annd go as long as he isn’t complained to by HR. Issue is jpmc as a company actively monitors attendance through tech and plans to expand it and pressures management to take action on those who don’t comply completely. If you take a day off to wFh, at Citi you just inform your manager but at jpmc you need to code it in the attendance so it is tracked to ensure wfh days are limited
It depends on the team you end up on. Also, one's story may be different for you. Dont assume someone who mention that their company is the best in their work experience. They can be stretching the truth, or they got lucky to have a great team and manager. Even if you apply to the same company, there little chance you will get the same experience as them. You will end up on another team and different manager in most cases.
Each team and manager is its own world. Someone can be suffering and working long hours, while someone from neighboring team can have great work life balance and have a great experience in the same company. I wont say Citi is good or bad and same with JP morgan. But there is fact that overall, Citi is not doing good. JPMC is doing better. Having a good team and manager is the luck of the draw for either company.
Dont be afraid of change. You got the bad draw and ended in a bad team/manager. Look beyond banking and dont be afraid to try a different business. Even logistics is worth the change if you have the skill set. Dont set yourself to be strictly a bank employee.
I guess at Citi, it depends on the area you work. I interviewed here with a jr executive and he told me what he liked about Citi is they don't treat you like children.
I can say that's true in the area I work. This post proves that nothing is perfect and the grass isn't always greener.
Grass is greener on the other side... I moved from JP after the pandemic. Tbh, it is all about the team you are in - but in general JP pays better. Yes, they tracked employees strictly, but what makes you think Citi will not follow suit soon? Also, JP people are on average better - in terms of knowledge and culturally - there is a minimum, whereas at Citi I noticed people are very low-level...