Exit Timing and Comp
Wrapping up my associate program this summer, but firm wants me to stay on for an additional month post-bonus. I don't particularly want to, but have offered it up to maintain relationships and facilitate smooth transition. However, there's been no mention of pro-rated bonus for the month, or increase in base. This essentially means that the month would be done at 50% comp, or a loss of ~$15k.
Is it reasonable to ask for some arrangement that makes me whole, or would that be bad optics? Don't want to risk burning bridges, but also don't want to get taken advantage of.
For added context, initially joined the firm a couple months delayed from normal start date and received a pro-rated 1st year bonus (so there is no hesitation to pro-rate when it is advantageous to firm). Last thing worth mentioning – 401k matching is an annual lump sum at year-end, so have been essentially forgoing that for the past six months.
Associate 3 in PE - LBOs, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
More suggestions...
I hope those threads give you a bit more insight.
It's 4 weeks, don't ask for a 1/12th pro rated bonus, just smile and focus on the next landing spot
That's fair, thanks for the response, you're probably right.
Just frustrating more than anything because it's been three awful years of getting simultaneously grinded and nickle and dimed – feels like one last time for them to bend me over that I have to sit here and take.
Disagree with the above comment - You are doing them a favor by staying on for an extra month. Consider your pro-rated bonus against the cost of your last market study or other wasted diligence expense. It’s not even a drop in the bucket for the fund and would mean a whole lot more to you. I would ask for pro-rated additional comp.
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