Negotiating compensation
as a first-year IB analyst fresh out of undergrad, is it frowned upon to negotiate compensation up to a level competitive with other banks? I don't want to get my offer rescinded but I believe I can provide more value-add to the firm...
Bump
You bring more to the table?
First year base across major banks is fixed, they will mostly pay the same (outside of some EBs). The banks also pay their starting class the same, it just makes sense, there is no reason to create a mess by paying one person more.
If you bring more to the table then prove it and get yourself a hefty bonus.
You could try, although as someone already said it’s pretty unlikely that they will change your base since the entire analyst class is most likely being offered the same thing. When I was given my offer I mentioned a higher salary to HR and they basically said we can ask your group head, but everyone is offered the same salary, so I backed off. I think an exception to this would be if you’re not coming straight out of undergrad, although I don’t know anything for sure.
Guy is a small boutique / not BB with standard pay.
different scenario but yeah starting salary below 80K is pretty bad
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