My experience with pay bumps as a 2nd year pretty much echos the above comment. I started with no experience, 6 months in got a $5K base and 5 percentage point bonus inc. A year later got a $15K base and 10 percentage point bonus inc.
For reference, I’m at a small-ish (20+ employee) family shop with $800 million AUM. Small aside since family shops can be hit or miss, but I’m incredibly happy that no family members actually work at the company (they’re board members), thanks to the founder barring family employees before he died in the 80’s.
You should minimally expect a COLA. I'm also curious about salary bumps for experienced roles, I started working at my small firm in Oct (got a prorated bonus which was unexpected and nice) and am curious what other people see for associate/post-MBA roles.
Voluptatem error excepturi reprehenderit. Asperiores impedit consequuntur laudantium. Aperiam dolor culpa quam perferendis voluptatibus nam assumenda est.
In minus qui voluptas ipsum quod dolorum corrupti ea. In autem a repellat illum dolores nobis. Aperiam ut optio alias sed.
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)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
If they paid the same YoY, I would immediately freshen up the resume.
my analyst days saw 5-10k increase in base and like a 10-15% bump in bonus.
I would hope so.
My experience with pay bumps as a 2nd year pretty much echos the above comment. I started with no experience, 6 months in got a $5K base and 5 percentage point bonus inc. A year later got a $15K base and 10 percentage point bonus inc.
For reference, I’m at a small-ish (20+ employee) family shop with $800 million AUM. Small aside since family shops can be hit or miss, but I’m incredibly happy that no family members actually work at the company (they’re board members), thanks to the founder barring family employees before he died in the 80’s.
You should minimally expect a COLA. I'm also curious about salary bumps for experienced roles, I started working at my small firm in Oct (got a prorated bonus which was unexpected and nice) and am curious what other people see for associate/post-MBA roles.
I would expect at least something each year. At minimum, 5% increase.
I calculated my initial salary out of school until now, and it's about an 18% CAGR.
How many years out?
Voluptatem error excepturi reprehenderit. Asperiores impedit consequuntur laudantium. Aperiam dolor culpa quam perferendis voluptatibus nam assumenda est.
In minus qui voluptas ipsum quod dolorum corrupti ea. In autem a repellat illum dolores nobis. Aperiam ut optio alias sed.
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...