Inflation Adjusted Comp?
Just wondering whether you guys are getting bumps or have heard whether firms have adjusted their base for inflation? I'm at a LMM and just seen a 3% bump on my base thisi year which seems quite disappointing given the current environment. I did not get a bump the year before.
3% bump should be grounds to leave in this environment where inflation is more than double that and banks substantially increased salaries. As a reference point, at a $5B+ AUM shop with latest fund $1B+ that raised salaries 40-50%.
Are you guys getting bumps on top of standard pay increases?
For example, I’m at a MF where Associate 1 gets a standard 10-25k increase in pay when they become an Associate 2 (similar to banking). Given the inflationary environment, should we expect a higher increase in comp?
Got a $25k increase in bonus target, no change to base ($300k all-in to $325k). Felt a little low, but I’m up for promotion over the summer (timelines based on hire date) and was told I’m on track, so I’m hopeful it gets made up there
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