Did you negotiate your offer? If you didn't, why not?
The title is pretty self-explanatory, but when should/shouldn't you negotiate an offer? Only FT offers? Never SA offers?
Curious to see what you guys think, thank you!
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Neither.. you have no leverage as an undergrad and every firm pays roughly in line. You'd look like a clown trying to negotiate your FT offer (let alone your SA offer).
Didn’t bother for SA, briefly brought it up with HR for full-time and was told that they could go back to the group head and ask but that the offer was the same for all incoming IBD analysts. I let it go it after that.
You do realize that before you could even finish that sentence they would have another analyst waiting in line right behind you. I literally can't think of a job where you have less leverage as a first year or intern than IB
I know a fratty, loaded diversity kid that tried to leverage another offer for a signing bonus (for summer). Thought he was cheap.
I’ve heard they will just rescind your offer on the spot if you try to haggle so I never attempted to. I showed intentional, visible displeasure when my FT offer salary was stated on Zoom to see if they would adjust. It went something like “Wow, are you not excited?” “Oh no I appreciate the offer.” “Okay great, with some people we’re never sure. Anyways, you have 3 days to decide. [or else we’ll give it to the next guy]”
Pay at the analyst level is all standardized. You’ll look like a goober and HR will just say no. Even HR is smart enough to know not to run up the chain a request for an analyst that wants an extra $10k in base
As others have stated, for standard IB roles (I.e. reputable firms) the comp is standard and there is no negotiating. There isn’t any incentive for a firm to pay one analyst more (just think about the total mess it would cause if other coworkers found out), the differentiation comes in the bonus. So if you are good, you’ll get paid well, but before you even start you basically have no leverage.
For non IB roles (buyside really) there can be negotiation as different firms will have pretty different pay packages. Some will negotiate and try to be the highest bidder, others won’t. But at that point it’s usually shopping competing offers.
I don't get it -- are there a lot of 22 years olds dissatisfied that they're about to make 130-170k their first year out of school?
Legit..just shut the fuck up be happy happy ur making 2-3x most other kids
Do most kids work 80-100 hours a week and are they on call 24/7/365?
I can’t believe there are people who are this stupid and then complain about making 150k a year out of college
I did not. The market for IB analysts is an oligopsony (few buyers, many sellers) and they're happy to just decline your counter-offer and grab the next person on the list.
If you get a contract, take it and run.
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