Pros
- Depending on where you are in the organisation it can be great to be able to move around if you are younger and have the qualifications. - Can pay well if your role is in demand. - The painful process Noel Quinn (CEO) has embarked upon to shed 35 k staff is going to shake up the bank and its capabilities which is welcome unless you're living it internally the negative impact is that there is incredible pressure to cover roles which are no longer recruited and people in some areas they doing long hours with no end in sight. - Female managers see more chances of promotion than previously but there are still large enclaves of male-dominated non-white sexist pockets in different areas. ( btw I am male )
Cons
- Managers can be particularly arrogant but may have multiple faces. - Hard to move roles at some stages of your career, seniors closed about some people if they have formed a negative view. - I saw lots of people who are in the older generation 'locked' into their role and unable or unwilling to put their hand up for change as the result could be negative. - Some senior managers manage to stay in role for years without developing themselves or being able to be developed. - It started to become more autocratic in management style choosing to command and control. This probably depends on which area you work in. - The chain of command can be so vague that your manager doesn't understand what you do and what your skill set is and hence development can be challenging. - Achieving band 3 middle management is an achievement but every 5 years they have a clear-out and more band 3's are removed at every cull. - The middle market is dominated by HSBC and it beats other banks hands down, the market is more lucrative generally that S&P 500 which has razor-thin margins, the negative side is that RMs typically handle huge portfolios of 80+ clients and do not get to know their customers and can be worked intensively.