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help: sign on/relocation bonus
 

sashimi's picture
(Baboon, 137
 
Points)
 on 5/12/07 at 1:00am

my bb in hk doesn't seem to have the 10k sign on/relocation bonus, is anyone else in same situation?
Anyone knows how I can negotiate it? (having already accepted this offer and rejected another better paying one, does it mean I have no leverage to negotiate?) thanks.

grif123's picture

Once you've accepted the

 
Points)
 on 5/12/07 at 12:11pm

Once you've accepted the best you can hope for is appeal to their sympathy. After all, you can't threaten to back out of the offer this late in the game since you'd have a hard time finding another offer.

On the other hand, if you're going to relocate and have legitimate expenses from that, you can certainly appeal to them and say you simply don't have the money (since you're a college student, that's totally believable) and ask if they'll pay your relocation expenses. In some cases, this can be more than the bonus, especially if you get them to directly pay for it.

Bottom line, don't accept an offer until you're 100% sure it's the one you want since you can't change it once it's accepted.

3bg's picture

as long as they pay for your

 
Points)
 on 5/12/07 at 7:54pm

as long as they pay for your housing, relo bonus will seem pretty inconsequential. try to negotiate before they send your contract... just say "another offer i've received gives $__ sign-on". they'll most likely do their best to match because a one-time bonus of 10k is peanuts to them.

this seems pretty strange for a bb though... can you say which bank it is?

sashimi's picture

thanks

(Baboon, 137
 
Points)
 on 5/13/07 at 4:06am

thanks for post, additional Question is whether this 'negotiation' should be done with HR or the MD who hired me..? cheers

gofigure000's picture

definitely MD in my opinion

IB
(Monkey, 33
 
Points)
 on 5/13/07 at 11:17am

definitely MD in my opinion since you are a member of their direct team. in the end its better if an MD tells the HR rep...instead of the HR rep walking into your MD's office and telling him/her you're requesting a relocation expense..

good luck

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