Have you guys ever had analysts that were better than associates, and getting equal pay as associates aside from the title?
Analyst here, and get equal pay as associates but not the title. Do you think should lateral or wait it out?
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Pretty common. You definitely have some superstar analysts and some useless ASOs (especially the handful of MBA ASOs who figure out quickly this is not for them, but are stuck because of their student loans). This is just part of working in a corporate job, you are rated/paid within your title and you have to do a certain minimum number of years regardless of how good you are.
If you are not up for associate promote (2 years) no bank is going to give you an early promotion with a lateral. Actually, many banks make analysts do a third year when they lateral.
What if you come from a 3-year program like Citi?
Citi is a 2 year program. I think Centerview is the only 3 year program left, and they make it challenging to leave with the clawbacks.
That said, it depends. It's not typical to lateral into an ASO promote in banking. They usually make you do 6 months to a year extra.
Citi is 3 yrs (im at Citi), but I get your point, thanks
I know at least a dozen people who've gone A2A in two years at Citi - even confirming more recent ones with a quick scroll on LI, it's 2 years.
Must be a group-specific thing, or did you lateral? More curious than anything else
Curious as well haha, might be an EMEA thing? I’m in a pretty big sector team in London, and as far as I know, the A2A happens once you’re done with your third year (eg 2021-2024)
Ah that's definitely it then. NY is 2 years but EMEA does its own thing. Thanks for clarifying!
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