Corp Strategy - where are our raises?
I work in Corp Strategy/M&A at a major(posting anon, as BB strategy world is very small).
Currently a 2nd year associate. I make a base of $95k with bonus of ~$20k.
It is killing me seeing all of these blanket raises across the industry in IB. Every first year ANALYST across the industry is making more than I am. It is especially painful given my team is a sweatshop putting in in 80-90 hour weeks consistently. Realize it is, but (at risk of sounding like a total douche) our work is extremely value add for the firm and our CEO leans on us heavily.
I don't know what to do. I love the work we do, and the growth opportunities are significant, but I am being priced out of living in New York. 22 year olds who have never stepped foot in an office are pulling in more than me. It hurts.
Any other strategy guys feeling the same way? Am I simply underpaid? Have any strategy/CF folks gotten pay raises along with the FO guys? Where the hell are our raises?