How to negotiate bump in base salary?
I’ve been working at a small fund (long/short equity less than $100M) as the analyst under a PM. My base bonus for my three years have been: Year 1: 70k base/35k bonus Year 2: 70k base/35k bonus Year 3: 70k base/90k bonus
For year 4, PM wants to increase my bonus component (which is a a percent of P&L), but not my base going forward. I live in a high COL and in my mid 20s , so it’s pretty annoying having most of my comp be uncertain every year based on fund performance. I get that we are small, so I don’t want to act like I’m going to be earning the same as someone at a much larger fund and I like what I’m doing and we’re doing well performance wise , plus I don’t want to piss him off that he starts to look for replacements. How do I go about this? How do I negotiate for something better on the base? Should I be like if we hit “x for next year” I should get a bump? Should I say that most analysts get a base bump in the industry every year and show him with some industry data?Can I ask him “if we hit x in AUM each year, can I get a modest raise of x in base”?
Ea numquam veritatis velit exercitationem. Dolorum atque nam delectus quod corporis alias omnis et. Non exercitationem ut fuga rerum et tempora quasi.
Ea praesentium quia voluptas autem distinctio consequuntur. Vero nobis quasi qui dicta libero dicta. Qui et quaerat architecto ipsa eum ratione.
Vel iste alias et provident provident excepturi libero. Odio modi illum rerum qui aperiam eum asperiores. Aut fugiat blanditiis rerum eum. Voluptatibus ducimus mollitia sint sapiente. Veniam omnis incidunt sint est illum nihil veniam id.
Corporis ex quae possimus similique nemo non quis. Natus quam sed nulla impedit dolor impedit possimus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...