Anyone have thoughts around reasonable range for signing bonus?
I was thinking to ask for signing bonus + relocation of $50k, maybe ask for $60k with the expectation of settling on $50k. VP / D level.
Will be moving a very long distance, so expecting costs to be $20k area, excluding cost of buying a car.
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Based on the most helpful WSO content, here are some insights regarding signing bonuses and relocation fees:
Signing Bonus for 1st Year Analyst in IB (London):
Real Estate Finance Compensation:
General Insights:
Specific Examples:
Given your VP/D level and the significant relocation costs, asking for a $50k signing bonus plus relocation seems ambitious but not unreasonable, especially if you can justify the costs involved. However, be prepared for negotiations and possibly settling for a lower amount.
For more detailed advice, consider consulting specific threads or discussions on WSO related to your industry and position level.
Sources: What is your compensation in Real Estate Finance?, Signing bonus, relocation fees (London), What to pay attention to when signing a contract?, Signing Bonus for FT, Management Consulting Salary & Compensation, Average Bonus in Consulting
Signing bonus probably a bit off market at that level. If you are moving jobs in October, would imagine you get more traction discussing a guaranteed bonus in the normal cycle. Relocation should be standard. Have seen instances where firms will have you use their providers and the costs flow through them or more typically ~$25k. If its cross country maybe you can ask for a little bit more, but $50-60 seems high for relocation.
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