It's Time for a Base Raise
The World is getting extremely expensive, and I'm tired of barely having enough funds to take my fiance to Detroit or Cleveland.
On a serious note, with all the competition from other fields, it's time banking raises Base Pay by $25k for analysts through VPs, especially given the lack of job security.
Anybody else feel the same way?
Lol. Asking for a raise when the market's dead and banks are laying off. When the alternative of tech is looking bleak and opportunities there more sparse.
I want a base raise but I don't think we have much leverage right now.
I’d say that’s ridiculous given that base for analysts 1s has risen from $85k -$110 in 2 years (many places $120)
And even crazier considering banks are laying people off just to cut costs, because deal flow is super low
But when looking at how much investment bankers made back in the 80-00’s I get upset
Sure, but historically, the main thing Banking had going for it was best comp. With that now almost gone, what is there? Prestige? Lol.
Other fields are eating into high comp at an alarming rate , so much so that the recent increases already feel stale.
Also, this spring cleaning layoff season is moreso an indication of the continued horrible culture moreso than lack of deal flow. No way some of the smartest finance people in the world didn't potentially anticipate deal flow to slow after rapid growth / hiring during 2021.
Six figures ain't six figures anymore - it's time for more Base Pay.
lol