How to Leverage Offer at Competitor Fund to Get a Raise (MMPE)
Hello, incoming 2nd year analyst at MM PE fund in Europe. My firm base salary is below market and I got head hunted for a similar position at another fund that directly compete with mine. The process moved really fast and they're offering me a job.
No one knows that I went through a recruitment process at my current firm and I don't know who to talk to/how to approach that I would like a raise ( I want to stay at my current fund but other fund pays more).
I think it's too soon for me to move and I'm happy with everything at work, except that I know that my salary is below market (by quite a lot).
- How can I tell my manager that I went through multiple rounds of interview with direct competitor while working from home and that I want a raise? It's very important for me to keep a good relationship with him, he always treated me great.
- How to tell the other firm that I won't take the offer without making them feel that I wasted their time?
Many thanks for the help!
