Too Late to Ask for Fair Compensation?
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May 31, 2024
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We all have bills to pay, so take this advice with a grain of salt. I know it sucks to get a low ball entry salary, but: A. what really matters is total comp (assuming the salary is enough to sustain you until then). I'm assuming if you are top bucket they and want to keep you, they'll pay you well B. you will have much more leverage in the future to improve your circumstances once you get more experience, so I wouldn't worry about this too much
some MM shops don't pay street. are we talking firms like Baird / Blair or are we talking about a boutique with a few offices around the country?
If boutique, are you benchmarking against new base of 85k or previous 70k?
Curious as to how you know you personally are being paid less vs the rest of the analyst class? Bank might be paying everyone below street if thats the comparison you are making
Same thing happened to me in BB BO. I took a salary that I was unhappy with because I've never actually negotiated and I felt that it was overall a better brand name/experience. I also didn't want the offer rescinded but in retrospect I should have haggled more. I guess it's always possible to perform a bit, prove yourself and then bring facts to the table for a raise but it's really up to you. Also, for what it's worth, it's probably easier to haggle with HR now than bring this up to your boss later
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