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For those with 2-5 YOE, what is your salary?

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  #221 (permalink)  
Old 02-07-2021, 03:43 AM
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Local Uni Grad. 3.33 GPA. Sell side Analyst. Non bank, but finance industry.

2018: $3100 at small no name boutique.
2019: $3410 (10% pay increment)
Mid-2019: $3750 (change job)
2021: $4167
Mid-2021: $5000 promoted.

Worked hard, got promoted. Pay increment higher than what I requested for. Company treat me well. Feel bad for having thoughts bout jumping to buyside.

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  #222 (permalink)  
Old 02-07-2021, 07:32 AM
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Is my progression slow? Been working for about 5.5 years

2015 end: 2,800 (Just joined)
2016 mid: 3,200
2017 mid: 3,200 - 1.5 years mark
2018 mid: 4,100 (Promotion)- 2.5 years mark
2019 mid: 4,700 - 3.5 years mark
2020 mid: 4,700 - 4.5 years mark
2021 now: 5,400 (Promotion)- 5.5 years mark

Should i start job hopping.
It's a pretty steady progression you should feel proud of this! Although yes it wouldn't hurt to keep your eyes peeled for new opportunities to break through the 6k mark



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  #223 (permalink)  
Old 02-07-2021, 10:31 AM
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Originally Posted by Unregistered View Post
Local Uni Grad. 3.33 GPA. Sell side Analyst. Non bank, but finance industry.

2018: $3100 at small no name boutique.
2019: $3410 (10% pay increment)
Mid-2019: $3750 (change job)
2021: $4167
Mid-2021: $5000 promoted.

Worked hard, got promoted. Pay increment higher than what I requested for. Company treat me well. Feel bad for having thoughts bout jumping to buyside.
Figures are way too low. Assuming youíre doing research. Whatís your bonus?

Ops also earn similar/more than that after 3 years (local banks + non-grad program even).

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  #224 (permalink)  
Old 02-07-2021, 11:42 AM
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Figures are way too low. Assuming youíre doing research. Whatís your bonus?

Ops also earn similar/more than that after 3 years (local banks + non-grad program even).
Not true. Ops dont earn more than that
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  #225 (permalink)  
Old 02-07-2021, 12:07 PM
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Quote:
Originally Posted by Unregistered View Post
It's a pretty steady progression you should feel proud of this! Although yes it wouldn't hurt to keep your eyes peeled for new opportunities to break through the 6k mark
Thank you for your kind review. Really appreciate it! Will continue to work hard towards a 6k.
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  #226 (permalink)  
Old 02-07-2021, 12:23 PM
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Not true. Ops dont earn more than that
Yes they do. Ops fresh grads in graduate programs start >4k. For direct hires ~3.5k. With 3 YOE and 1 promotion (talking about those not in grad programs), you can hit 5k.

Those in grad programs (esp. foreign banks) easily hit >6k after 3 years
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  #227 (permalink)  
Old 02-07-2021, 01:23 PM
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Yes they do. Ops fresh grads in graduate programs start >4k. For direct hires ~3.5k. With 3 YOE and 1 promotion (talking about those not in grad programs), you can hit 5k.

Those in grad programs (esp. foreign banks) easily hit >6k after 3 years
But you mentioned even in non grad programme and local banks. These are usually contract roles. Pay less than 3.5k, promotion likely not even come after 3 years. MA programme or BB direct hire of course can exceed but that in itself is much more competitive alr.
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  #228 (permalink)  
Old 02-07-2021, 01:55 PM
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But you mentioned even in non grad programme and local banks. These are usually contract roles. Pay less than 3.5k, promotion likely not even come after 3 years. MA programme or BB direct hire of course can exceed but that in itself is much more competitive alr.
Iím not from ops. But even those who started out on contract doing ops at >3k have a good chance of getting promoted at least one. Factor in yearly increment, will probably reach 5k after 3 years. MA programme in local/foreign/BBs as well as BB direct hires can reach 5k within 1-1.5 YOE. Max, max 2.

Regardless, OP is doing sell-side and 5k is more like entry-level salary (at a no name boutique) nowadays. Which is why Iím wondering if the bonuses are good. If not, exiting would be better.
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  #229 (permalink)  
Old 02-07-2021, 02:06 PM
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MA programme in local/foreign/BBs as well as BB direct hires can reach 5k within 1-1.5 YOE. Max, max 2.
Calling bs on this one - some progs don't have increment during their 1.5 - 2 years of MA/grad prog, so they are stagnant. Question is - how much is the increment after they graduate?


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  #230 (permalink)  
Old 02-07-2021, 02:13 PM
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But you mentioned even in non grad programme and local banks. These are usually contract roles. Pay less than 3.5k, promotion likely not even come after 3 years. MA programme or BB direct hire of course can exceed but that in itself is much more competitive alr.
If the pay is less than 3.5k, means you getting makan by the bank and don't even realize it. I'm sure HR/Comps&Benefits will be happy to know that.
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