Salary Bump Rumors
What are your thoughts on the articles about rumored salary bumps? (ex. http://www.bloomberg.com/apps/news?pid=20601087&s…)
The article says this will affect junior employees. Does this mean an additional bump for BARC (and other BB) analysts up from $70k? Are we seeing a shifting of total comp from bonuses to salaries?
That would be sweet.
sure hope so. buuut i doubt it. too good to be true
I'm going for to good to be true!
Isn't this bad? If it switches into a industry with more base salary/less bonus, there will be a lower chance of getting mad $$$ through bonuses and it might become a industry with a 'wage ceiling?'
Or maybe we'll just increase base salary and still have mad $$ through bonuses? Politicians love to regulate and all but when push comes to shove I don't think a lot is gonna change.
The first sentence of the article says that "Barclays plans to raise salaries s a percentage of total pay". I took this to mean that if an analyst is making say 120K before taxes then maybe the break-down will be 80K=salary and 40K=bonus, while it may have been 70K=salary and 50K=bonus previously. In my view, this means that the size of the total pie doesn't change...just how it's allocated. I could be horribly wrong though haha...
This was also how I interpreted the article.
@bigcheese210 I think that having salary as a larger slice of the total comp pie would be advantageous for two reasons:
1) It spreads my comp over the year so that I can spend it on my living expenses.
2) There is no variance in salary so my comp is more predictable as the salary slice increases.
That's how I interpreted it and those benefits sound good to me.
Sit aliquid dolorum veritatis unde dignissimos aspernatur veniam. Voluptatem ipsa ullam non doloribus rerum cumque.
Dicta est aut dolor. Mollitia quo expedita maiores ut iste occaecati.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...