{ "media_type": "text", "post_content": "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.", "post_id": "5f17196fa23e4300298b737d", "reply_count": 5, "vote_count": 3, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance" }

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.

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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

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

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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

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

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