YoY Salary Increases
What are you guys seeing in salary increases this year? Are you getting increases which account for 7.5% inflation?
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Career Resources
Hey Analyst 1 in RE - Comm, I'm here because nobody responded to this thread after a few days...maybe one of these resources will help you:
More suggestions...
Fingers crossed that one of those helps you.
Bump
I got a raise, then a promotion with a second raise. Both were well above 10% increases.
Around 10% which is pretty weak considering inflation is at 7.5%. It means I basically made 2.5%. Whats sad is that on a regular year all associates typically see a bump of 2-3% anyways regardless of your performance.
I think this analysis is too simplistic. If you're a high earning your marginal propensity to spend is significantly lower than someone making less, so you end up saving far more of your income. If you took someone who made $50k/yr and spent every penny in one or another, then yes, a 10% bump - 7.5% inflation would mean a real bump of 2.5%. But if you take someone who earned $300k and they only spend $100k, inflation will cost them $7.5k, but a 10% raise will mean they earn $30k more, for a net of $22.5k, or 7.5% raise overall (22.5k on the 300k base). Aka the 7.5% only applies to the third you're actually spending, in this simple case 1/3 of your income, so your actual personal inflation is closer to 2.5% and after your 10% raise you're still up 7.5%.
Obviously if you spend all $300k then yes, it's the same as the first scenario.
Agree with what you said kind of. Unfortunately I am not earning that level of pay and even if I was the people in my market earning that much are getting priced out of the housing market. Realistically everyone in my area making $150k and less is seeing an impact. Rent is going up significantly in my area, well outpacing inflation. That alone is hurting us.
Why are you showing math to support people making less money?
Yeah but fucking uncle sam takes 40-50% if I make 300K.
I pay with after tax dollars, not pre-tax dollars.
Was a bit offended by the 7.7% I got considering the positive feedback I received, but might just be the nature of working in valuations lol
Are you on the appraisal side? If so, you should definitely see a massive pay bump. The appraisal business is booming right now. We have deals where our due diligence time is not enough because the appraisals alone are exceeding that time frame. Appraisal costs are also skyrocketing too.
4% raise :D
Jeez - what market?
Southern California
20% - no promotion
25% base raise, no promotion.
0% bump. Was told bump would come in June. Also possible promotion happens in June…before anyone asks, yeah I’m unhappy with that.
Same here, are you planning to leave? Why still say? I basically have one foot out.
Playing the long game. Have an opportunity in the works but it’s not immediate. Still love where I am now, but not staying for much longer.
40% bump including restricted stock / expected carry, no promotion. But i'd argue i was underpaid before
Also, got friends at similar firms (REPE / debt) that got 25-35% bumps
40% on base and bonus with a promotion
30% bump no promotion, and bonus increased 50%
Was I underpaid before arguably, is this a market rate - It is closer...
10% bump, no promotion.
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