The one that would pay similarly to what we earn at State Street? I'll admit, I've been here for too long and now I find the whole interviewing for a new job process rather daunting. I think that might be the main reason I haven't left this place since it started going rapidly down hill in the past several years.
So how bad is it out there for an old-timer?
i was laid off last year. in my 40s. haven't found a job yet, but most of the interviews i've had offered salaries similar to my SSB pay - some a little higher and some a little lower. when applying to jobs i look at the salary estimate (which is not always accurate)
the trend is to hire cheaper, younger employees.
@Post ID: @XhtjoKn-sjn
Great post the issue is whether you allowed yourself to become stagnant during your 20 to 30 years at STT.
Or did you keep updating your skills to increase your value.
But to be honest most companies want cheaper workers under the age of 30yr
If you are over 50, it will be much harder to find work at same or better level. This is why STT employees get a bad reputation of being stagnant in their careers and rather lazy. There are lots of posts on here talking about 5-7 years being the absolute most you should have at a company so you are not regarded as someone who can't adapt to change or who just wants to coast at a job, if you have over 15 years at one company, HR won't even consider you, no matter how much you 'grew' in your role, because everyone in the industry knows, more than 5 years at STT and you are a dud. I know a lot of people over age 45 who cannot find quality work. The media won't report that the private sector is not hiring.
good luck.
It depends. SST had a reputation for lower pay rates,but that have been there for years,especially good years have higher compensation rates. It might be more difficult for them. It you are in a hot field and have kept up your skills, it might not be as hard. I got a new job in a couple of weeks with significant increase and hiring bonus. I have heard similar stories from others.