So say you start in July or August, does "year 1" last until end of the calendar year? Or does it last until a new class of analysts / associates start one full year from your start date.
Curious because of the jumps in base salary between analyst/associate 1/2/3.
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For analysts, usually mid-year, for associates usually year end. Bank dependent
I was under the impression it starts the January after your first full year, so like 1.5 years in. But I could be wrong about that.
Base salary and title jumps up at a mid year cadence.
August 2023 Start
August 2024 Analyst 2
August 2025 Analyst 3 or Associate 1 (Stub)
Once you reach associate and beyond, you level up at a year end cadence. Usually have to spend 1.5 years at associate 1 pay grade, so in this example it would be:
Q1 2027 Associate 2
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