This questions is mainly for internal recruiter led processes for open positions, or ones where the process is led by a deal-team associate or someone similar.
My question is basically exactly what I said in the title. But, some context might be, given difficulty of getting time off in banking, it is very hard to travel to another city to interview for an interesting investment position. If invited to do so, would it be okay to say something like:
"Hey, I am very interested in this, but given packed work schedule, I just want to make sure we are somewhat in the same neighborhood for my comp expectations and what you expect to pay the successful candidate?"
This would help make sure the trip would be worth it.
Thanks
It's normal to schedule a call or do a phone interview before you fly out to interview. I would ask for the "formals" of a position at the end of the first call where you get some ballpark numbers for firm size, position scope, AUM (for funds), comp, carry?, etc. Numbers don't have to be exact, and some recruiters have not been given a definite comp number, but they will usually know if it's sub-median, "competitive" or top dollar. You could also follow up and throw them a number yourself, if they are being deflective, and ask if your impression of a "competitive"-salary is somewhat near the firm's number.
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