Coming from my last position at a boutique ER shop, I was GROSSLY underpaid. I've since moved to a lower-tier bulge bracket bank and, initially, I was quite pleased with my package, but that has now changed. I joined toward the end of 3Q14, and my offer was for $90K. My title will allow me to be promoted come the end of 2015. Bonus season this year, however, was somewhat disappointing. Don't get me wrong, I still outpaced my previous employer's full year bonus, but was expecting slightly more. I received a $10k bonus and absolutely $0 increase in my base.
The reason I'm only posting this now is because I've recently started dating a girl, where all of her friends are dating finance types. It seems as if I am BY FAR the lowest paid boy friend. Seeing as I am the only one out of the boyfriends making under 6 figures, I got to wondering - am I underpaid or is this typical for a lateral?
Yes, NYC. I really only had 1 year of relevant research experience prior to moving into my current research role, however, I was in sales prior so I've been in the industry for about 4 years now.
You were there for 3 months... what exactly were you expecting? Works out to just short of 50% of your base salary for a full year. Doesn't sound particularly unreasonable for ER.
The bonus I was fine with. I'm more concerned with my overall base pay.
Out of curiosity, am I understanding this correctly? - Started working around Sept. '14, went from $x base to $90k, and your bonus from Sept-now = $10k?
Cumque incidunt facilis maiores atque recusandae facilis quibusdam. Ut dolor sunt tempore.
Alias commodi quia vitae quis ex. Velit id veritatis voluptatibus aut est in. Vero dolor magnam laudantium corrupti et rerum porro.
Minima est illo facilis minus. Ut et voluptas ab animi debitis. Rerum nostrum soluta molestiae et doloribus pariatur est.
Ut distinctio et quaerat recusandae atque. Quia vel voluptatem sapiente voluptates delectus. Pariatur aperiam ipsum veniam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...