How do I...
I've been working at a huge investment bank for almost two years now, working for pretty much bananas and oranges. I mean the bananas were fine since I was in college, but I can't survive on it now that I have graduated. It seems as if I will never ever get my just raise. I have heard no mention of ever getting myself a decent pay raise. I am a little shy when it comes to things like this, and I am the hard worker type that just likes to come in on a daily basis and just do the work I am told without questioning compensation. Its not everyday you get to do something you love, but I feel like I am being used and treated pretty worthless. I feel like if I don't say anything now, I will continue to be walked on and used. Any suggestions on how I approach the situation?
Grab your cojones and say something. Don't be apologetic...if your base is arond $40k, you are getting paid under market. But what are your hours like? If you're only working 50hrs a week, might be tough to argue you should earn what other bankers are making.
You should speak up in your next review -- when they ask you if you have any concerns, questions, thoughts, you should say something like, "well i feel like my compensation is significantly below my peers for similar work, but I do enjoy working here. I'm not sure what you guys are able to do, but I feel like a pay increase is warranted."
that should do it...stand up for yourself...can't hurt to ask, as long as you have some tact when you do.
He's totally right. Don't take it aggressive, but you should definitely talk it out with your managers at a performance appraisal or similar. Make your point, but use a diplomatic stance.
How is your pay determined?
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