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Originally Posted by Unregistered
This is similar to what I heard. Kinda a bit sian since HR keep pushing for me to join earlier. Thought maybe there was a chance increment is prorated but guess not. I had a colleague who is in the firm for around 7 years tell me her increment is high single digit every year though and this is not even including the 2021 hike. She might even be considered below average performer, joined as associate and still an associate, don't want to get promoted as not interested in leading a team. Surprised she is getting higher than the <5% I heard from the other colleagues. She only does BAU and never does projects so not sure why the difference too.
This is my first increment/bonus season so quite curious what will happen. Many experienced colleagues already say will leave if they get lesser than they expect so a bit worried for my own role as I am still learning and still quite reliant on the seniors for difficult issues.
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Why worry? I've been in the firm longer than your colleague has, and I can tell you that top performers get double digit increments over the long run (I've been there). There will be down years and good years, but if you stick it out and you're a good performer, it will reward you on average. If they leave, more pressure for you, but also your chance to prove yourself. GS is still one of the top paymasters for back office; because they make you work damn hard and put in long hours compared to other houses. Leave when you get a better role (like FO) or if you want work life balance.