Exiting Rotational Program Salary Negotiations
I am currently a 2nd year analyst at one of the larger Leveraged Finance banks in the northeast. I started working for this bank in June 2022 as a rotational analyst. The structure of the program is to send us through 4, 6-month rotations (one of which is LevFin). Fortunately, I had the opportunity to rotate through the same LevFin team 2x and am in the process of exiting the program next month.
The bank posted jobs on our internal hiring platform (as a formality) and I am concerned about the salary range posted. Please note, there are multiple other analysts rolling off the program, all in different LOBs so my guess is they chose a centralized range for the initial listing and then will be specific towards each LOB as we “interview” and receive a final offer.
In the chance that’s not the case, I am curious to get some advice about negotiating salary as an internal hire? The range is between $75k - $95k, but I have seen Lev Fin analyst roles for external hires at my bank range from $95 - $110k. I understand external hires tend to receive more compensation, but I am confused on the delta between the two in general.
If someone can please provide some advice on how to negotiate (if necessary)? As well as who to discuss this with (I.e., hiring manager, HR, etc)?
Thank you!
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