In terms of salary, many who left received a very significant increase. Some are now paid twice as much as they were here. However, in general, workload, pressure with deadlines, atmosphere...? Something that bothers me the most here is that managers generally do not want to hear the opinion of employees. So lately I’ve been trying to be invisible here and under the radar, but it’s very tiring.
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The bank has way too many assets committed to risk and compliance as a result of the $613 million settlement with the fed and the OCC in 2018, which also included a non prosecution agreement for certain executives. The offending conduct was not subtle but glaring and deliberate looks the other way and as a result, new business coming to the bank is reviewed with way too many hoops requiring perfection, well beyond any rational basis or logic, such that the bank cannot attrack new business with significant non revenue producing armies of risk, compliance, control and reputational filters whose job is to keep imperfect business from coming to U.S. Bank, the slogan used to be "flight to quality" but it should "fight to qualify" to do business with U.S. Bank.
Good banks are focused on growing the business and making a profit. This bank is focused on being fake woke, RIFs, and re-orgs. They only react and operate with no real direction. It's a poor place to work.
No one ever comes back. If you catch up with an ex-employee, they never say that they miss working at the bank. Anyone ever hear, "the bank is so well managed ". No. Once you leave, you never look back.
It’s been 3 years for me since saying goodbye and I’ve never once looked back! Only wish I didn’t leave sooner. Since then I’ve made significantly more money and now I actually work for a company that values my contributions.
I have never felt more burnt out than the last 2 years working here. Expenses cut, expectations and scope always increasing, recruiting and hiring impossible. A general do more with less attitude because leadership can't deprioritize work. IMO, it can't be worse elsewhere from what I've experienced. The key is to get as much information as you can when interviewing elsewhere to make as informed decision as you can. But in the end, if work feels dreadful for too long, move on, life is too short.