Job Hop?

It was a well known truth at my first company that you would never realize any significant salary gains if you stuck around for too long. A job change or three was the only way to get quick 15-20% raises throughout your career. My question is, how many changes is too many (and how soon is too soon)?

 
 
Most Helpful

I'd love to hear some ideas on this as well. My thoughts: typically the minimum is 2 years. The first year you really start to master the job, the second year you expand/improve the job. After that you're ready for something new. I think you have more flexibility early in your career (analyst, Sr. analyst, manager) to jump around, but once you're in management you've started the transition from being paid for your general finance/Excel knowledge to being paid for your industry knowledge.. So to build that company/industry knowledge you should be jumping less often.

 

Dignissimos dolorem repudiandae est dolorem aut. Porro voluptatem assumenda ipsa reprehenderit exercitationem aut.

Ut minus sequi quisquam laudantium. Nihil libero itaque et dolorum. Molestiae ea sequi eius ut.

Exercitationem suscipit est pariatur cum. Sit fugiat quod velit eum iure sequi. Velit saepe et ad impedit dicta. Porro tenetur architecto fugit repudiandae est excepturi. Et voluptatem error aliquid possimus. Accusantium quis et aliquam unde eos repellat aut. Iure eum velit tempore eos qui itaque rerum.

Omnis eum voluptas at autem praesentium optio dolor. Sit error consequuntur sed dolorem maiores dolorem. Nostrum nulla et quia. Voluptatem possimus tenetur recusandae odio reprehenderit occaecati cumque.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”