What areas exist? How is the pay? What does your day to day look like!

All major banks seem to offer different tiers of services(Gold, Platinum, Privilege+ etc.) provided you have enough balance but are not yet at the Private Wealth management stage($5M+ usually). They all offer different level of services.

For example Citi Gold gets you concierge services and "dedicated team"(whatever that means). Chase also seems to have something like private Client that you can open with just $150K.

So the question: Has anyone done the analysis as to which banks have the best offerings or what key factors I should consider to decide which one is best for me?

Context:

• Joint NW with my wife is around $5M. Both of us are late 30s and working.

• Have around $200K that I can move around quickly to qualify for a higher tier service if required. Another $400-500K in brokerage accounts which can also be moved if absolutely needed. Another ~$900K in Retirement accounts but I don't think banks take that into account for service tiers usually.

• Preference for BoA as all my existing property loans are with them($3M+) but again not sure if loans are taken into account for higher service tiers. Currently I have Platinum + Honors Tier with them but that just seems to include some discounts on interest rates etc.

Appreciate any advice you all can offer.

Hello supply chain vets and ogs, I’m a recent graduate from t20 ivy school and currently working at Goldman Sachs (non ib), my family are in the logistics business for awhile and I’m thinking if I should do a career change, but I don’t know & not too familiar with the industry, how is supply chain as an industry and career potential? Do you enjoy it? Should I stay in finance or switch to this industry?

I was out at the bar after work with a consulting buddy the other day, and we got to chatting about his sales challenges. His company does consulting in all aspects of the 'office of the CFO', including a function that addresses procure-to-pay process transformation items. Within my company, the global supply chain department falls under the CFO, and we are thus considered a part of the Finance vertical. However, many of his clients are continually placing P2P processes under other verticals, at least when they first engage his firm on efforts of transformation. I also work in the M&A space, and the companies we acquire don't really even have a procurement function, so I guess I have never been exposed to alternative structures and simply thought that since Procurement handles the outflow of money tied to operations, it just made sense to put it under the Finance vertical. His comments got me to thinking about what verticals may end up taking ownership of procurement. I can see a few potential options:

- For manufacturing heavy and/or retail & distribution operations, procurement may fall under the COO as it's directly related to revenue and "keeping the lights on" for order fulfillment and items in stock.

- For heavily-regulated environments like banking, I can see procurement almost being an extension of the Legal group, as it becomes more of a 'compliance' or 'button pushing' consideration to ensure everything is correctly papered.

- For organizations that are tech-heavy (B2B SaaS, etc.), maybe procurement falls under the CIO / CTO to ensure proper flow of data and security frameworks.

- For other companies with a heavy international and multi-legal-entity approach, maybe you also have it under the Finance vertical like my company, designed to operate as a 'shared service' in the middle of where a bunch of different groups provide inputs and approvals.

I wanted to see what y'all's approach is, and the reasoning behind it? Each setup seems to have its advantages and disadvantages.

4000 banks in American largely include community banks which use to be lot of more in numbers but now have been consolidated.

I have worked in various supply chain roles (mostly in scheduling/planning) at the same company since graduating college 6 years ago. It is openly talked about that our company does not prioritize supply chain technology so we are stuck with software / processes built decades ago.

My question is, what companies (large or small) are considered to be at the forefront of supply chain technology? How do you go about finding these companies?

I can see myself spending my career in supply chain, and I’d like that to be at a company that is at the forefront.

Hey y'all!

Just checking in to see who y'all mostly bank with for your business.

Considering either going with the bank I've entrusted my personal finances too for the past few years, or something a bit more local.

Any insight is appreciated, just want to see if there's a common banker between most small businesses.

Thanks!

EDIT: I've decided to go with my personal bank, Navy Federal, and open up an account with the FinTech platform Mercury. I'll be using Mercury to keep track of the money flow, and have it all deposit to my Navy Federal account incase they decide to do one of those notorious "random closures".

I'm looking for a bank where i can just email someone and say transfer this money to this routing/account number.

I was at Wells Fargo and it's so annoying having to go into the branch for wires over certain amounts, filling out paper work, etc. And even worse if I'm overseas.

What financial institution do you use for your primary banking and why?

What do you like the most or least about them?

(I use BoA because my parents set me up an account forever ago and I never chose to leave, looking to see if others have better experiences with their banks)

Hi all, I’ve got an upcoming interview with a financial services firm in London, UK (hedge fund, PE, capital/asset management focus) and although I’ve got decent technical procurement knowledge and do well with competency questions, I’m worried they’ll see my non-finance background as a barrier. If anybody is in this sector in procurement, is there anything I should know/be aware of that would be good to say in an interview? I do experience working in high-paced environments with ever-changing goals and priorities but I’m not sure how to communicate that and fit it to this sector specifically… Any help is greatly appreciated!!! (Please let me know if this better suited to another subreddit)

I am interested in Supply Chain Management. I have both an MBA and a MHSc (Masters in Healthcare Administration). I am also close to speaking intermediate level German. I have been reviewing supply chain management and I have job shadowed someone who does this career. I am looking into the CPSM certification too. My only hesitation is the amount of stress that is apparently in the position. I currently work in a medical laboratory, so I am used to some stress, but I also don't want to be drowning in it. Do you have any suggestions for organizations to work for? Or any overall suggestions?

Edit: thank you everyone for your insight!

Every founder group I m in has a different opinion. some say traditional banks are a torment, others say fintechs are too risky. If u have opened a business bank account recently, which one has been the smoothest for u?

I’ve always thought of banks as something that people put their money into, and it’s saved, and then you pull the money out. Then when I heard my old man talk about CD’s and savings returns I was like “oh okay”. And then I hear about ETFs and other things… it seems banks are not what I was told traditionally which was “put your money here because that’s how people pay” but it’s much more than that. Curious what the main differences are between these online banks and brick and mortar banks and all types of banking because it seems to be an entire industry that’s beyond me, so curious if you can shed some light on a newbie here

I have been tasked with writing a 3,500 report for a company of my choice; this company should have implemented a successful Supply Chain strategy and a failed one (potentially a scandal). Which company do you suggest choosing (Apple and Amazon cannot be selected since they are in the samples for the assignment)