Quote:
Originally Posted by shenry
were you a fresh grad too? I think for fresh grad TR was offering 2.8 and I had to negotiate to 3. Maybe if I started off in bank I would have been offered more?
I have a friend who is Credit suisse compliance prog and his base is 3.3 with no bonus for 2 years. lucky for him he manage to secure a role after 2 years but some of his batch colleagues did not.
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What does TR stand for?
Fresh grads typically start out at that range, no doubt. The main concern is that your pay has stayed relatively stagnant after 2 years, which is not a good sign. In a non front-office banking role, the key is to jump and jump often in order to secure big increments. Don't be afraid of being labeled a job hopper at this juncture of your career, it's the norm for junior executives nowadays to have a nomadic CV.
The CS compliance programme is a load of crap designed to pay minimal sum for a group of people to 'immerse' themselves in the compliance culture aka cheap labour to support their core compliance function.
Looking back, 18% is actually a fairly satisfactory increment that BAML is offering you. Although you are still below the supposed average, I think this is a fair deal that they have for you.
With regards to bank increments, don't bother. It varies between 1-7%. Pathetic.