RE Salary increases 2022
Are you expecting base salaries to be at a minimum increase >10% to accommodate inflation for analysts?
If it’s lower than this are you leaving? I think I will. Every recruiter I’ve spoken with in the past 6 months have said there is a complete under supply of qualified analysts, easy to move around with salary bumps right now.
I think you have to leave if there is not a substantial raise. Inflation is very real and staying flat in salary is a decrease in standard of living.
As much as I enjoy the firm I'm with, if I don't see at minimum 10% base increase I will start shopping around. I'm hoping I'll see my base increase ≈20%, as OP mentioned above the market for analyst is a full 180 compared to this time last year and I have to imagine firms see the importance of taking care of the current team opposed to filling those spots if someone was to leave.
What’s ur current base looking like and which market?
Early career Analysts & Associates should be getting 10%+ bumps annually regardless of inflation.
Is this common at all? I didn't think so
Yes, if not more. I've gone 15% average during my early days and now kinda topped off to ~5%, although the dollar amount is larger.
This just seems short sided to me. Leaving a good situation to go into the unknown for 10% doesn't seem like enough. Especially because during the down years, the good companies take care of you (e.g. if you got paid 100% of your bonus last year when shit was in freefall, hard to be mad that you aren't getting 100% upside this year).
And if you hate your job/company anyways, then no amount of $ will get you to stay (ask all of the GS analysts that left even after getting 110k base salaries).
I know as an analyst it feels like you are never getting paid enough, but you are trying to build a career here, not just a job.
Curious to hear some thoughts on an offer I just got. Currently at a very small repe shop with 80k base, 20-30% bonus and really good befits. I just got an offer from an industrial developer that is crushing it and there is a lot of room to grow in the company as they are growing rapidly (this will be my second year in real estate fyi, so an2) for 70-90k base with only a 10% bonus. Any thoughts on how to negotiate this offer?
Yeah. I'd say what you are currently making and then say you're very interested in taking the position but it would be much tougher to make the jump without at least making the same as the old one.
Where is this? That seems low, especially for an Associate.
I am an an1 and will be an an2 in this new role if I accept. I can’t change my title on wso for some reason that’s why it says associate. To answer your question though, the new role is in a very small low-medium cost of living city.
I'm in my first year as a research analyst with one of the big brokerages. I'm currently making $60k with no bonus. The senior research analyst I work with is making $97k (has a MBA though while I only have a bachelor's). Our performance review is soon, would it be reasonable to negotiate my salary to $80k? I have been taking on extra projects outside of my role and my managers and the brokers I help have been giving me a lot of positive feedback. Don't know if a 20k raise is too ridiculous to ask but I rather shoot my shot on the high end and negotiate down than negotiate up on that number
Doesn't hurt to ask. Good researchers who stay for longer than 18-24 months are super tough to find. If you're adding the kind of value you think you are, then you should confidently ask for the $80k
Appreciate it, thanks!
Hey MEF, how long as the senior analyst been working there?
Hey hope all is well, the senior analyst has been in the role for 2.5 years
I wouldn't expect 10%+ increase if you're not getting promoted. Your bosses will tell you the inflation is ~transitory~.
If you really want a salary bump, then leave, but make sure it's at least a 20% bump.
This has been a major dilemma for me. I really like my firm and the healthcare package is excellent, but if my pay bump isn't high enough, I may have to bail.
I hope everyone gets an increase. There was a great article about all the labor shortage and how 60% of the labor forced have used COVID to retire. It is about time the boomers start to retire, job postings where an associate needs 6-8 years of experience is ridiculous.
Maiores repellendus atque itaque aut itaque. Non et unde vitae culpa.
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