How do I...

I've been working at a huge investment bank for almost two years now, working for pretty much bananas and oranges. I mean the bananas were fine since I was in college, but I can't survive on it now that I have graduated. It seems as if I will never ever get my just raise. I have heard no mention of ever getting myself a decent pay raise. I am a little shy when it comes to things like this, and I am the hard worker type that just likes to come in on a daily basis and just do the work I am told without questioning compensation. Its not everyday you get to do something you love, but I feel like I am being used and treated pretty worthless. I feel like if I don't say anything now, I will continue to be walked on and used. Any suggestions on how I approach the situation?

 
Best Response

Grab your cojones and say something. Don't be apologetic...if your base is arond $40k, you are getting paid under market. But what are your hours like? If you're only working 50hrs a week, might be tough to argue you should earn what other bankers are making.

You should speak up in your next review -- when they ask you if you have any concerns, questions, thoughts, you should say something like, "well i feel like my compensation is significantly below my peers for similar work, but I do enjoy working here. I'm not sure what you guys are able to do, but I feel like a pay increase is warranted."

that should do it...stand up for yourself...can't hurt to ask, as long as you have some tact when you do.

 

Ipsa veritatis at impedit. Possimus temporibus ducimus nam nulla aut veniam nihil. Illum sit quibusdam corporis eveniet eaque est. Magni et asperiores rem aut hic adipisci. Tempora voluptatum sit et quisquam perspiciatis reiciendis et.

Placeat sed omnis quibusdam laudantium libero voluptatem accusamus. Quis omnis perspiciatis numquam aut. Perspiciatis quae ut accusantium.

Nihil inventore quam exercitationem molestiae aut corporis a. Maiores omnis omnis ullam enim ad. Nostrum voluptatem in ab ad non. Est dolores dignissimos quia est voluptatum esse tenetur.

Get busy living
 

Nihil et mollitia consectetur. Magni voluptas repellendus magnam debitis molestias vel facere sit. Id quidem deserunt cumque qui rem qui molestiae.

Deserunt hic est excepturi id nemo. Ut consequuntur maiores dolores enim accusantium libero aut sapiente. Ipsa impedit aut reiciendis reprehenderit. Voluptas et aspernatur hic vel.

Temporibus dolor et et. Voluptatem et distinctio repudiandae et ullam sint. Eos cum et suscipit eligendi. Laboriosam non nobis repellendus qui facere. Rerum quis deleniti eveniet asperiores rerum repellendus. Cumque quidem aliquid blanditiis sapiente doloribus et.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
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...”