Is it too early to lateral?
Currently an AN1 at a LMM firm starting back in July. Bank paid below market salary even before the bumps to ~$100k and still shows no sign of bumping their pay at all. Bonuses are below market as well and my hours are on par with those working at MM/UMM firms.
I've been reached out to by recruiters for a couple UMM banks in my city asking for my interest in lateralling. Out of morality of only starting back in July, I don't see myself making any immediate moves to lateral. However, my goal in my upcoming conversations with the recruiters is to push for Jan 2022 start date opportunity.
Obviously a lot of things need to fall in place for this is happen (actually get the offer) but curious on people's thoughts on lateralling only 6 months into the job. Normally, I would want to wait at least a year, but after the COVID pay bumps, my all-in comp likely falling now >$35k below market, and working roughly street hours, it's tough for me to reason out staying a year if another opportunity is presented.