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Chase or Capital One.. Banker position
Posted on 3/1/11 at 11:59 am
Posted on 3/1/11 at 11:59 am
I am deep in the recruitment process for both companies. Pretty close to an offer from each.
Chase- Personal Banker. low $30s base pay. They have a much better incentive plan than Capital One and the location is better as far as traffic count. branch hrs are 8:30-6. 8:30-1 rotate sat. shite ton of locations. good training.
Capital One- Relationship Banker. again. low $30s base pay. Pay will be less than Chase due to location. The only thing about the location is it's literally 2 miles from my house. plus the hours are 9-5 m-f closed sat. so, less money but nicer hours.
My main concern though is job security and advancement in the company. What do yall know about moving up and staying with these companies?
Chase- Personal Banker. low $30s base pay. They have a much better incentive plan than Capital One and the location is better as far as traffic count. branch hrs are 8:30-6. 8:30-1 rotate sat. shite ton of locations. good training.
Capital One- Relationship Banker. again. low $30s base pay. Pay will be less than Chase due to location. The only thing about the location is it's literally 2 miles from my house. plus the hours are 9-5 m-f closed sat. so, less money but nicer hours.
My main concern though is job security and advancement in the company. What do yall know about moving up and staying with these companies?
4
Posted on 3/1/11 at 12:06 pm to LSU6262
Posted on 3/1/11 at 12:21 pm to I Love Bama
Thanks. But, I've been there.... a lot.
There's only like 2 reviews for the Capital One banker position. 100s for the Chase position.
I really need more info on Capital One as far as advancement
There's only like 2 reviews for the Capital One banker position. 100s for the Chase position.
I really need more info on Capital One as far as advancement
Posted on 3/1/11 at 12:26 pm to LSU6262
If you're willing to relocate, Chase will provide you with the better opportunities, long run, IMO.
Posted on 3/1/11 at 12:38 pm to LSU6262
Which interview was the one that made you wait forever that you were posting about?
Posted on 3/1/11 at 12:40 pm to Chris Farley
Chase
Posted on 3/1/11 at 12:54 pm to LSU6262
What's more important? The money or proximity to home?
If it's advancement within the company, I would say Chase.
If it's advancement within the company, I would say Chase.
Posted on 3/1/11 at 12:55 pm to LSU6262
I know Cap One has plans in motion to increase volumne 5 fold over the next 4 years. Not sure if that helps but give you an idea of where the company is going
Posted on 3/1/11 at 12:56 pm to webbgem
quote:
What's more important?
quote:
advancement within the company
Posted on 3/1/11 at 12:57 pm to HeadyMurphey
quote:
I know Cap One has plans in motion to increase volumne 5 fold over the next 4 years
In the interview with Capital One, she discussed a lot about how "young" the company was. I did like that a lot.
Posted on 3/1/11 at 1:00 pm to LSU6262
quote:
In the interview with Capital One, she discussed a lot about how "young" the company was. I did like that a lot.
I work with them closely and they have a lot going on and a very ambitous business plan in place
One strange fact I got from my last meeting with them:
"Teachers are 3 times more likely to default on a loan than a construction worker."
Posted on 3/1/11 at 1:12 pm to HeadyMurphey
quote:
They have a much better incentive plan than Capital One and the location is better as far as traffic count.
Customer traffic is the key hoss!
for obvious reasons.
Posted on 3/1/11 at 1:14 pm to LSUBanker
quote:
"Teachers are 3 times more likely to default on a loan than a construction worker."
interesting.
May guess is during the summer when their checks stop rolling in.
Posted on 3/1/11 at 1:17 pm to HeadyMurphey
quote:
"Teachers are 3 times more likely to default on a loan than a construction worker."
"If a pitcher throws to first base 3 or more times in a row to hold the runner close, there is a 75% chance his next pitch will be a ball." - Skip Bertman
Posted on 3/1/11 at 1:20 pm to LSUBanker
quote:
May guess is that a lot of them are overly entitled women who don't think that they should have to live within their means and overextend themselves financially.
FIFY
Posted on 3/1/11 at 1:33 pm to TheHiddenFlask
quote:
FIFY
Personal exp with a family member who is a long time teacher would support this. In addition to totally NGAS about $ mgt it has taken her ~ 3 yrs to move an IRA from EJ to VGD (probably has cost her > $400), somethings you can't help/change. If she is the poster child for the segment it ain't pretty.
I wouldn't mind the $55k+ in teacher retirement she can start receiving in 2-years when she hits 25-years in. People have no idea how ridiculously generous the public retirement plans are.
Posted on 3/1/11 at 1:41 pm to tirebiter
quote:
People have no idea how ridiculously generous the public retirement plans are.
I work at one.
The best part is that it gives you exemption from social security tax.
Posted on 3/1/11 at 1:58 pm to TheHiddenFlask
quote:
The best part is that it gives you exemption from social security tax.
My RE taxes on multiple properties are funding her damn excessive early retirement income, I don't like it at all. ~ 90% of the RE taxes go to fund schools that teachers cheat and change test scores for their students, this shite is furked.
The city of ATL was paying 39% of employees income into the city retirement plan, the employees zero. That is not going to fly anymore. Have no idea why so many entities can't fund their pension obligations.
My sister is very bright, she is gifted in math (has a masters and specialist cert) and was smart enough to move from a system in LA that paid shite to a system that paid well and had good retirement bennies, I give her credit for that. I personally believe the current system is totally unsustainable and I am not going to pay more taxes so that people can ER when they are 46-50 and go get another job or teach PT and make ~ $40k + ER.
Sorry to the OP, didn't mean to OT your post. I have no experience with either other than an online savings acct with one and CC with the other, but I am pretty sure Chase is a much more diversified bank as I believe CapOne was a huge CC operation that has slowly entered into other banking functions.
This post was edited on 3/1/11 at 2:00 pm
Posted on 3/2/11 at 9:00 am to LSU6262
Even though I do not work in the retail side, I work at Capital One and happy to give my $0.02. IMO, the product selection you will be selling at both banks are almost identical. The same goes with BOA, Wells ... etc.
As far as advancement, it depends if you intend to stay in retail or will be looking to jump into something different (e.g. small business, commercial, real estate ...etc). If you are looking for a career in retail, I would say Chase has a better branch network and more opportunities to move.
But I can tell you Capital One likes to hire from within and is always expanding its product set. If you are thinking of going to other areas, I would take a look at other positions being offered at both banks to give you an idea where they are expanding.
As far as advancement, it depends if you intend to stay in retail or will be looking to jump into something different (e.g. small business, commercial, real estate ...etc). If you are looking for a career in retail, I would say Chase has a better branch network and more opportunities to move.
But I can tell you Capital One likes to hire from within and is always expanding its product set. If you are thinking of going to other areas, I would take a look at other positions being offered at both banks to give you an idea where they are expanding.
Posted on 3/10/11 at 4:57 pm to bz11
As of right now, Capital One allows you to take commission on accounts at opening, no matter what happens. At Chase, if the account charges off within 3 months, or drops below the minimum balance requirement, they will doc your next paycheck for the commission they gave you on that account.
At Chase you only get paid on new money, e.g. if someone opens a savings account with money out of their checking account, you don't get commission. At Capital One, you get paid on existing money as well.
The Lafayette/Acadiana region of Capital One is currently being managed by a district manager and a handful of branch managers that came from Chase, and they have recruited many bankers from Chase to Capital One.
One thing to keep in mind as well: Capital One still has completely free accounts, while Chase has instituted minimum balance requirements on all of the accounts, only waived if you make a certain number of transactions or have direct deposits above a certain amount. Many customers are leaving Chase for Capital One.
For short term income, I would have to disagree with you and say Capital One's incentive plan is probably more than the recruiters led you to believe, but as far as opportunities in finance in general, I would recommend Chase, mostly due to the fact that you could move up with JP Morgan's investment side whereas with Capital One the investment side consists of financial advisors who sell "other people's" products. (Hartford, ING, etc.)
But Capital One's large campuses in Virginia are nothing to scoff at:
LINK
LINK
At Chase you only get paid on new money, e.g. if someone opens a savings account with money out of their checking account, you don't get commission. At Capital One, you get paid on existing money as well.
The Lafayette/Acadiana region of Capital One is currently being managed by a district manager and a handful of branch managers that came from Chase, and they have recruited many bankers from Chase to Capital One.
One thing to keep in mind as well: Capital One still has completely free accounts, while Chase has instituted minimum balance requirements on all of the accounts, only waived if you make a certain number of transactions or have direct deposits above a certain amount. Many customers are leaving Chase for Capital One.
For short term income, I would have to disagree with you and say Capital One's incentive plan is probably more than the recruiters led you to believe, but as far as opportunities in finance in general, I would recommend Chase, mostly due to the fact that you could move up with JP Morgan's investment side whereas with Capital One the investment side consists of financial advisors who sell "other people's" products. (Hartford, ING, etc.)
But Capital One's large campuses in Virginia are nothing to scoff at:
LINK
LINK
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