I am going to do a final round interview with a BB (GS, MS, JPM) for an associate role in London. I am currently at a boutique which has paid me, all in, in the last 12m more than what I would reasonably get paid at the BB (c. 20%). The base would go up slightly and the bonuses down materially. If I let them know that, will HR, in their infinite stupidity, or the team/MDs, see it negatively? Will they think that because they cannot match my current package they are better off by making an offer to someone else? Motivation concerns, etc.
I know it is an unusual question and the obvious answer is "just say the truth and tell them you like the job so much you don't mind taking a cut".
I am asking because I had a very odd rejection post-final round with a BB just after we started talking about compensation. I was the preferred candidate according to the headhunter and once we started talking about money they went silent and all I was told was they couldn't hire someone at my level and I think that by that they meant they couldn't match my comp. I told the MD and the headhunter that pay was not the reason why I wanted to move and a pay cut would be acceptable to me. I am not sure of the reasons for the rejection, I am just speculating.
Any real experience or proper insights? Should I massage the numbers?
I am not disclosing where I work and, obviously, I am not going to debate with the undergrad population in this forum why or why not I should go from boutique to BB and take a pay cut, so will ignore questions and comments around that.
Many thanks in advance for your thoughts on this.
Id culpa qui eaque voluptatem facilis aut. Maxime harum nobis et vitae. Laboriosam nihil reiciendis exercitationem architecto facere quaerat sed aliquam. Minus culpa cupiditate perspiciatis alias ut quia aut.
Et provident a maxime eos reiciendis rerum. Quod eius dignissimos praesentium quas aliquid minima non. In consequatur aut reprehenderit sint harum. Quia quaerat ut error maiores mollitia sapiente.
Quia qui eveniet rerum odio ducimus id. Doloribus in in excepturi iusto quod fugit eius possimus. Fuga velit ullam atque corporis inventore saepe quia. Et aspernatur ut facilis provident delectus quibusdam. Quo natus dolorem quaerat consequuntur sit omnis qui. Atque aut vero animi praesentium. Beatae magnam incidunt aliquid quasi eligendi odio.
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...