35+ years in the industry, across several banks. I’ve seen it all. What’s happening now feels like the complete dismantling of banking as a business, a service, and an institution. Working in this industry has never been worse: more stressful, less rewarding, and utterly demoralizing. I doubt it’s any better at other banks. I’m close to retirement, so I no longer care much. But for younger folks, here’s my advice: don’t expect a career, don’t invest yourself too deeply, and don’t think hard work and skills will pay off. If you still have time, change lanes.
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It’s more than change lanes. It’s find a different destination and road to get there.
True! Wife is at TD Bank-an absolute mess with employees working weekends, 14-hour days, etc. I was laid off at WF after 10 years and got on at a small regional bank which is much better, so I would say that smaller banks might still be okay although they don’t pay nearly as much as the big ones.
Same here. Focus on saving for retirement, kids!! If you invest early you can retire in your 50s.
Truth!
Awesome advice!!