Nationwide job
Discussion
greeer said:
Hello!
I was offered a grad job at Nationwide in Risk at their headquarters. However, it's quite low pay at 25k.
Does anyone know how it progresses through the years? What are the role upgrades you can get and how fast?
Thanks!
£25k for a grad role whilst not top Quartile isn't exactly a low entry level grad salary. If you have nothing else in the pipeline and want to carve out a career in the industry I'd be more than inclined to take it. I would think less about the internal progression but look at years 3 - 5 and assess where that puts you in the market place and industry. Get the experience for the first 2-3 years under your belt then worry about the rest a bit later on.I was offered a grad job at Nationwide in Risk at their headquarters. However, it's quite low pay at 25k.
Does anyone know how it progresses through the years? What are the role upgrades you can get and how fast?
Thanks!
Progress through the years? You are a grad... promotion and progress to good money does not come from spending years in the same job and or same company. Take the job and then in 18 months time start looking around for your next move. At your point in your career getting the first job is more important than what it pays or any prospects which may or may not pay off
That is fairly standard for bank grads at a high st bank. You do your grad scheme on lower pay, but opens up much better paid jobs after, and more importantly gives you the opportunity to try out lots of different areas of the bank. Also you're likely to get pay increases and bonus during the grad scheme.
Think of it as a well-paid internship. Now if you are a very attractive candidate and could get a grad job at a more illustrious investment bank then maybe hold out for that, you will get paid much more.
If you are just a 'good' candidate and you're interested in banking/risk then go for it. If you're working in compliance there's a lot of money to be made, and plenty of jobs due to increased regulations. Fraud & Financial Crime is more intreresting but can be lower paid.
Risk roles in general tend to have a good work/life balance, you shouldn't really end up working the 12 hour days you hear IB grads working. If you're naturally critical and good at highlighting mistakes you'll be good in your role!
Think of it as a well-paid internship. Now if you are a very attractive candidate and could get a grad job at a more illustrious investment bank then maybe hold out for that, you will get paid much more.
If you are just a 'good' candidate and you're interested in banking/risk then go for it. If you're working in compliance there's a lot of money to be made, and plenty of jobs due to increased regulations. Fraud & Financial Crime is more intreresting but can be lower paid.
Risk roles in general tend to have a good work/life balance, you shouldn't really end up working the 12 hour days you hear IB grads working. If you're naturally critical and good at highlighting mistakes you'll be good in your role!
craigjm said:
Ray Singh said:
Horrible place to work! Check glassdoor.
Everywhere is a horrible place to work if you look at glass door With regards to the role...£25k for an a graduate role, how is that bad?
You know, I interviewed somebody for an entry level application support role once who had a computer science degree and they wanted a £30k salary 'as they were a graduate'...seriously.
BoRED S2upid said:
Is it based in London? £25k anywhere else is a decent starting salary. Take it.
Nationwide is based in Swindon.£25k isn't too bad for a graduate role in Nationwide.
I don't know much about the Risk area specifically, but as a whole Nationwide do offer decent payrises and bonuses each year. As for career progression, Nationwide are always advertising vacancies, which would suggest the opportunities there are plentiful, Similarly, the have well structured routes to senior roles if that's what you are interested in.
The downsides of working there is that they are very risk averse (which might be a good thing if you are working in that area) and they are easily the least innovative company I have ever worked for (not good if you're in IT). They also employ about twice as many people as they need, which means everything takes twice as long to get done.
CzechItOut said:
The downsides of working there is that they are very risk averse (which might be a good thing if you are working in that area) and they are easily the least innovative company I have ever worked for (not good if you're in IT). They also employ about twice as many people as they need, which means everything takes twice as long to get done.
So just like every other back... especially after 2008 craigjm said:
Progress through the years? You are a grad... promotion and progress to good money does not come from spending years in the same job and or same company. Take the job and then in 18 months time start looking around for your next move. At your point in your career getting the first job is more important than what it pays or any prospects which may or may not pay off
This! I'm in a different industry but probably similar roles (analysis), and in most organisations I've worked for the new grads tend to move on after a couple of years, mainly because the salaries don't increase much and moving is the bet way to get more money. Where I am at the moment we've have masters grads on 6 month internships earning next to nothing, which seems a little harsh to me but they seem to have considered it useful experience. 2 of the last 3 at least were able to live locally with their parents.
25k is pretty good for Swindon, more so for a grad role, yes plenty of jobs in Swindon pay more but id say that's a great starting salary for area
Nationwide seems pretty hit and miss, you will either love it or hate it
Headquarters is in a nice place and plenty of other grads and young people work there if that floats your boat
Far worse options out there!
If you want to chase better money and potentially quicker options you will probably be better in a London based role, but the the living costs will eat (or be more) than the salary and the stress levels much higher 0- swings and roundabouts
Nationwide seems pretty hit and miss, you will either love it or hate it
Headquarters is in a nice place and plenty of other grads and young people work there if that floats your boat
Far worse options out there!
If you want to chase better money and potentially quicker options you will probably be better in a London based role, but the the living costs will eat (or be more) than the salary and the stress levels much higher 0- swings and roundabouts
Edited by TwistingMyMelon on Thursday 22 February 13:33
Being local to Swindon I have done the mandatory 2 years service at Nationwide, honestly just about everyone you meet in Swindon will have worked or is working there.
Back in 2008, it was an ok place to work, horrendously corporate though, and the constant reviews and appraisals drove me mental, having to evidence everything to try and get one over on your colleagues so you got the pay rise. It might have changed in the intervening 10 years.
It will, however, look good on your CV, I was headhunted because of my experience there.
Back in 2008, it was an ok place to work, horrendously corporate though, and the constant reviews and appraisals drove me mental, having to evidence everything to try and get one over on your colleagues so you got the pay rise. It might have changed in the intervening 10 years.
It will, however, look good on your CV, I was headhunted because of my experience there.
Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff