Pay cut for exit opp... is that normal?
Title sums it up: is it normal to have to take a pay cut to move to an exit opp from S&T? I’m looking at a job that would put me at ~$150k all-in (from ~$210k as an S&T associate). Maybe this is a standard trade off for a better WLB.. or maybe it’s a low ball comp package. Anyone have data points / know whether this is fairly common?
How could we ever know if you don’t even say what the job is
If this is bank to a bank there should be no decrease in guaranteed income
If it's a different company then yes income will be lower. Banks pay more than most, if not all, trading shops(talking base salary #'s)
This would be for a top 20 AUM FoF. Wondering what the point of exiting S&T would be if the comp is so much lower and the WLB in S&T is solid already
what tasks would the job entail? trading? or evaluating managers/funds, investor relations / fundraising, or something else?
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