Pros
It's a good option if you need a job and want to learn hands on about banking.
Cons
The bank’s strategic priorities seem to shift constantly, with senior management frequently withdrawing resources from projects and placing the blame on staff for lack of success. The work environment is highly toxic, with employees at all levels being routinely fired or laid off without clear justification, and those who leave are never mentioned again. Layoffs are often framed as cost-cutting measures, despite senior leadership consistently boasting about record profits and performance. New hires are brought in frequently, only to be let go soon after, resulting in a workforce where two-thirds have been with the bank for less than three years. This has created a culture of fear, intimidation, and dysfunction, as employees worry they’ll be next. Compensation is below market, and bonuses are unpredictable. Even for those who receive a “nice” bonus, the majority is issued in stock over a three-year period, which the employee may or may not receive—a detail that is not disclosed during the hiring process. Additionally, certain executives have been known to pressure management employees to support specific political candidates or parties before major elections. Nepotism is also widespread throughout the firm.
