I got a semi-offer from HR for a business development analyst role at a large financial services / tech firm in NYC. The HR contact basically asked me what compensation I am expecting in order to accept the role. I only said what my recent compensation at banking is and that I expect the offer to be competitive with my qualifications. They kept pushing and indicating that they can't pay the high bonuses that investment banks do, so I said I would have to get back to them.
I have two questions:
1) What is the average range of salary and bonus for such a role for a person with 2 years experience? Glassdoor is down at the moment...
2) How to move forward to get the actual offer without dinging myself nor getting low balled? It is a great opportunity but I do not want to get screwed into a $70k salary when in banking I earned ~$140k all in and was hoping for higher pay. Give HR a call back or talk to the head of the group who basically gave me a verbal offer?
This is time sensitive. Thanks for the help.
No idea for Business Development salaries, but if you're all in with for 140k at an IB, wit a 70k base, that 70k bonus is going to be taxed significantly higher than your base. So keep that in kind, its not a one-to one comparison.
Anyone else?
bump for more insight on this. interviewing with a F500 manufacturing company for a biz dev role post two years in consulting.
What are the roles/responsibilities? Varies from corporation to corporation. For instance, is it purely driving revenue growth or does it involve corp dev too?
Hybrid role evaluating inorganic as well as organic expansion strategies. Focused on expanding Asian footprint.
I'm not in biz dev myself but I can tell you 140k is probably a little high. I wouldn't be surprised if they offered you 90-100k.
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