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Who is shortchanging you; IB firm or headhunters?

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  #1 (permalink)  
Old 29-05-2017, 02:57 PM
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Default Who is shortchanging you; IB firm or headhunters?

Hi. I came from a banking background.
I am progressing into my second job after graduation.

Access the following scenario and let me know what you think.

If a large renowned Investment Bank(IB) pays 6k/month minimally for associates for a particular middle office role. An recruitment agency linked you and the IB up.

Subsequently, you got an interview with the IB for that role. At the end of the interview, the IB asks for your expected salary. And you quote below market rate, (for eg. 4500).

Afterwards, you received an offer for 4500/month for the same role with an IB (contractual basis).

Who is shortchanging you. the headhunter or the IB?


Thanks in advance

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Old 29-05-2017, 04:32 PM
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Quote:
Originally Posted by bishybashy View Post
Hi. I came from a banking background.
I am progressing into my second job after graduation.

Access the following scenario and let me know what you think.

If a large renowned Investment Bank(IB) pays 6k/month minimally for associates for a particular middle office role. An recruitment agency linked you and the IB up.

Subsequently, you got an interview with the IB for that role. At the end of the interview, the IB asks for your expected salary. And you quote below market rate, (for eg. 4500).

Afterwards, you received an offer for 4500/month for the same role with an IB (contractual basis).

Who is shortchanging you. the headhunter or the IB?


Thanks in advance

You shortchange yourself by lowballing 4.5k when you know they pay 6k. Nothing to do with headhunter or IB.

Or even worst, you didn't know their usual rate is 6k, then you fully deserve your 4.5k for not doing research before going for interview.

Thanks for the afternoon laugh.

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Old 31-05-2017, 12:18 AM
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You cucked yourself

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Old 31-05-2017, 04:02 AM
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I have received job offers through headhunters (I'm in the legal industry not banking). If I'm not wrong, the headhunter's commission is a percentage of your salary so their interest is somewhat aligned with yours.

I guess HR took you up on your (too low) offer. It has absolutely nothing to do with the headhunter - I am sorry but you sound inexperienced. Better luck next time!

Quote:
Originally Posted by bishybashy View Post
Hi. I came from a banking background.
I am progressing into my second job after graduation.

Access the following scenario and let me know what you think.

If a large renowned Investment Bank(IB) pays 6k/month minimally for associates for a particular middle office role. An recruitment agency linked you and the IB up.

Subsequently, you got an interview with the IB for that role. At the end of the interview, the IB asks for your expected salary. And you quote below market rate, (for eg. 4500).

Afterwards, you received an offer for 4500/month for the same role with an IB (contractual basis).

Who is shortchanging you. the headhunter or the IB?


Thanks in advance
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Old 31-05-2017, 09:37 AM
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This is the classic case of self-pwn


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