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Career Resources
no, the only time you can negotiate is when you are 4+ years into your career, and a new firm is trying to hire you away from your current firm.
if you initiate the hiring process...if YOU APPLY for a job at a firm...by default, you have little to zero negotiating power. However, as you progress in your career, for example, when you are a VP/MD level, that is when you can negoatiate, because you are bringing something of value to the table.
However, as a young person just starting your career, you have nothing of value to bring to the table...for the moment, you just have your manual labor. But in 4-6 years, you will have developed relationships and intelectual property which can be monetized. Right now, you probably don't have that....so you have zero power in the negotiation process...you are, as they say "a dime a dozen"
I'm surprised at the short-term POV of a lot of smart, educated students on this site.
There's a pandemic going on. Thousands of incredibly qualified kids are jobless right now. You have an IB job at a BB, arguably the most desirable job for a finance grad. And you think it's a good idea to generate bad will by implying to your future employers that you're better than all the other incoming first years? Even if the bump is granted to you, as other people have commented, it will most likely only be for a few/5 grand, and -- in return for that -- you're almost guaranteed that some of the people on the other end of that (bankers/HR) are going to think you're a dick for doing so.
I mean, I guess if you come from a really poor background and the extra 5 grand could be significant money to your family... I guess, maybe... but other than that, you really think it's a good look to say to your new employer, "You know what, the 150 grand you just agreed to pay me at 22 years old just isn't good enough."