NYC Employers Required to Post Salary Ranges as of April 2022
Have you guys heard of this? Could save a lot of time when job searching with this info...
https://www.dwt.com/blogs/employment-labor-and-be…
Edit: Actually it'll be implemented in May
Have you guys heard of this? Could save a lot of time when job searching with this info...
https://www.dwt.com/blogs/employment-labor-and-be…
Edit: Actually it'll be implemented in May
| +98 | KISSED MY VP… HELP!!! | 16 | 17h |
| +34 | Wall Street’s premier CoC clan | 8 | 6h |
| +28 | ADHD & Living This Life | 7 | 2d |
| +26 | How expensive is SF? | 14 | 1d |
| +19 | Would you / have you payed someone for a role in IB? | 9 | 3d |
| 0 | What is a tool that you wish you had and would use every day? | 3 | 19h |
| 0 | Future of New York as number 1 financial centre | 2 | 44m |
Career Resources
I don't see this as an issue for major banks as everybody knows what the salary is anyway and there's no leeway for negotiation. Though Maybe it will still have a minor benefit on base salary.
Somewhat related question - what type of raises are you guys seeing this year? The usual, or higher than normal due to wage growth / labor shortage
Given the comp structures in finance, the fact that very few jobs get posted publicly, and the fact that the law doesn’t define “salary”, this is pretty much a non-event for the industry.
99% of junior and mid-level roles have a roughly low-six-figure base that you can ballpark based on firm profile (and half of them the numbers are distributed enough online that you know it outright)… knowing the range is $150k-$200k instead of $100k-$150k would be it’s nice and all (ceteris paribus would rather have more base), but my bonus is a multiple of my base and my carry is a multiple of that. Presumably neither of those are being published, and having a base at $200k vs $150k (or $110k vs $100k) is very rarely the deciding factor.
Beyond that, most finance jobs go through recruiters and never get posted publicly, and you usually have a sense of comp just by asking upfront
Work in debt brokerage in CRE witch is super volatile with comp as bonus can be anywhere from 20% to 150% of base depending on the year. Not sure how CBRE / JLL / Cushman / others will handle this.
Repellendus rerum est sint aperiam est. Ullam omnis voluptate quasi quasi debitis. Cum autem odio magnam. Rem ea ut aut velit aut ab.
Et tempora aliquid ipsum iusto aliquam rerum. Consequatur sint omnis est et. Consequatur rerum reprehenderit suscipit reprehenderit hic.
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...