A friend at UBS just got a raise. Is it normal to get mid year raise like this at UBS? It came as a total surprise to this friend.

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I would be very concerned. It’s a conspiracy that goes up to the highest levels of power. I would throw away all cell phones and cancel credit cards, got to lay low and live off the land.

likefunny

Assuming it’s not part of a formal program (analyst/associate etc.), it could be a market adjustment. I’ve seen it done in the past if someone is underpaid relative to their role, and the company wants to true them up instead of risking them leaving

likehelpful

In IB we usually have our raises go effective in August. The way it works is we get promoted in March, find out what the corresponding raise is in July and actually get the raise in August. The delta between salaries is paid as a lump sum at year end

helpfullike

What about requesting raises post March?

I agree. Other banks do market adjustments through the year to have a leveled salary across the bank

likehelpful

I had a couple of these in my early career - for the reasons Citadel1 mentioned

helpful

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