Lack of advancement opportunities, bottlenecks, and the image of a slow-changing-underperforming bank in Canada.
Pros
Get your foot in the banking door. Then get out. There are some great colleagues who have stayed in the company for 10+ years, some of the most dedicated people I've seen, some whom never taken a sick day for 20+ years. I think they get a chocolate bar at some point. Seriously. CSC-PFP-CFP - then go make your $60 base as a Financial Advisor or leave for another bank. At a high enough tier most of your clients will leave you for a private wealth firm anyways due to the perceived lack of quality for the group.
Cons
Managers with no merits who take time off and still knocks you on your PMM upon their 3-4 week holiday return. Ha! As long as you have decent ties to SVP's of the area you're pretty much set. The amount of nepotism in the whole area is sickening. In certain districts unless you're wearing a skirt you won't get promoted past branch manager. Ask around! Terrible pay structure where new hires can potentially get paid significantly more than experienced staff who will have to end up training them! Sure that makes sense.
