Need advice on asking for promotion

Any thoughts lads?

a promotion on the basis of what? Is your comp significantly below market? Did you do something extraordinary or specific on a deal you can point to with concrete evidence? IMO a year is too fast to ask for that unless you are going above and beyond, sourced a deal yourself, etc.

that being said, we're almost in bonus season. asking for extra money, if you can back it up with reasons, is a legitimate way to show you may not be completely satisfied and potentially have options outside that one firm.

Do you substitute words with letters at work? If they said, “You have been doing v good” they may have been sarcastic, in which case you asking for a promotion would be hilarious.

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typically 2-3 years is the timeframe for promotion...at junior levels...if you are performing well...then i would ask/expect a promotion every 2-3 years.

ThatGuy, I did go back to my job description and was able to find examples for everything, and many things where I could show that I went above and beyond to get results to get deals closed etc. I think I willask my director for their opinion and go from there. Otherwise will wait until I absorb a portfolio or bring in someone junior to my team.

I just wanted to add to this thread being in a similar situation myself. Someone else had mentioned the "blunt" approach. I am also taking this approach.

I work for a REPE fund as senior analyst. I have been here for 1.5 years, but have been an analyst in the industry for 4 years now. Normally I would wait 2 years before asking for a promotion, but since my firm is so archaic and only does promitions end of year, it's either now or never.

Some reasons I am taking the "blunt" approach:

• Job market is on fire, I have been approached by a lot of recruiters and think I have some leverage

• Whenever we have openings internally and are sorting through resumes, I often hear from seniors guys that "it's so hard to find good people"

• Feedback from my work has been 100% positive, and I have become personally close with a lot of the senior guys (weekend golfing, group chats with memes, those kind of things)

How I made the approach:

I met with my immediate boss (VP level) and said, "I know i've only been here for 1.5 years, but I have been in the industry for over 4 years now, and I think the perspective and experience level I bring to the table is more commensurate with an associate level title and compensation."

It's that simple. He agreed completely and met with our partners to recommend a promotion. I guess we will see in a month what happens. Sharing this because if you are ina simmilar boat, it's worth asking!