SA pay based on how much they want you

do you think it could be possible that IB's consider offering their top SA picks slightly different salaries depending on how bad they want them? this is not a question of negotiation, but rather the possibility of HR offering people different rates to begin with.

 
Best Response

Obviously the large majority of candidates will be offered the basic pay, but there is a definite opportunity to be offered a higher wage if you reall stand out as a candidate. (From UK standpoint)

This is normally the case with GS, who are known to pay summer interns as much as £1200/week ($2400) to secure thier services. As you said interns are cheap labour, so three four grand here and there to claim the best talent makes sense. Although many think this is 'unfair', this may generally stem from people thinking 'know one can be that good'. I think paying the best candidates more makes sense. I.e you wouldn't want to miss out on the next Eric Mindich or Dinaker Singh...

Even within a BB SA or analyst class I think there is an absolutley massive gulf between the strongest and weakest candidates....

Also they are not paying them market price for a commodity, for the best talent they are paying the futures price (ie based on potential)

 
windowman:
Also they are not paying them market price for a commodity, for the best talent they are paying the futures price (ie based on potential)

I'm not going to spend the time picking apart the obvious flaws in this analogy.

Please note, however, that regardless of how talented an SA or FT analyst believes they are, they are still most certainly a commodity. A little humility never hurt anyone.

 

Are you just telling them that you have other offers and they offer you a higher signing bonus? Or are you telling them that you are going to accept the other offer? I am just curious how this works...

Don´t say this in a banking interview: Which superhero would you be and why? I want to be like Robin Hood, stealing from the rich and giving to the poor - me.
 

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