Been awhile since I've been here! This isn't ER but didn't know where else to post this.
I was a 2nd year analyst in commodities sales at a BB when I got laid off at the start of 2009. I couldn't find anything and ended up in a sales-type role at an independent research firm. They matched my previous base salary but obviously the bonus is nothing even close to the same. The job is also boring. I realized I want to do research instead of sales so had been looking for roles there.
After being there for almost a year I've received an offer from a bank to join their commodities research team, which is my ideal role. However because I'm moving from sales to research, they're considering me a graduate hire. This means that my starting salary is going to be less than what I'm on now. I know it's obviously got better pay prospects within the first 1-2 years with bonus etc., but for the time being I have to pay my rent.
Should I ask for more money, or just take what they've offered and make it work? With smaller companies I've asked for a higher offer but with banks I always thought they pay all graduates a standard salary. Also is it standard for research to be paid less than sales/trading? My understanding is that at this bank S&T graduates are getting paid more.
Thanks
I'd just take the job and keep quiet.
^ I agree.... job market is thin, so if you try to hassle, they may look elsewhere
that sounds like an awesome and interesting job. I would take it and be quiet. Take the abuse from my landlord about moving out early, find a cheaper apartment, and start anew.
whether or not S&T makes more is inconsequential. Besides, unless they are decently experienced hires I don't think anyone should ask for a raise before even showing any work. It sounds crazy to me tbh.
But congratulations! Commodity research is something like what I'd like to be doing someday. Did you use a headhunter or alumni networking?
fp175 I am curious - might you give a few more details about city/bank name ?
Would prefer not to give details but I did accept the offer in the end.
Ullam enim officia veniam possimus nobis ratione alias ullam. Voluptas perferendis vel dolor quia eos. Magni sunt cum quibusdam dolor ad. Sint eaque dolorem ullam quasi qui reiciendis.
Iure velit iste quam velit. Rem ducimus totam odio et ea. Inventore assumenda consequatur quo explicabo aliquam exercitationem. Qui debitis esse aut beatae. Totam ut quos nulla iure. Est aspernatur placeat alias et voluptatem ab.
A autem rerum ex sapiente quidem velit. Aspernatur nisi molestias porro eveniet. Cum dolor totam a. Dolor impedit atque maiores deserunt ipsum odit eligendi dignissimos. Suscipit repellendus ut et beatae sint ducimus nostrum est. Ea sed ipsum quisquam veniam deserunt.
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...