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Hi Fishes,
Dubai based Blockchain technology company has multiple openings:-
1- Sr. Full Stack Developer with React JS & Next JS Tec stack.
2- Java Developer
3- UI/UX Developer
4- Front-End Developer (React JS)
5-Front-End Developer (Vue JS)
6-Android Developer/Lead
7-iOS Developer/ Lead
Let me know if anyone is interested.
Share me your CV at niharika@blockgemini.com
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Rising Star
(I have recently joined IQVIA bangalore. I will receive my first month salary on 25th this month. Payroll portal got just created for me. So, I opened.)
In my reports -> My current CTC section. It has details of Current annual & Monthly AGS. My question is what is AGS? It is showing half of my CTC. Should I raise this to HR or it is just something else. And where can we get the actual CTC reflection? Pls help. Thanks in advance.
Bain & Company To consultants at MBB’s, Roland Berger, OW, Kearney, Arthur D.Little. When does the openings starts for Junior position.
As I’m checking out for vacancies, I can’t see any at the moment. Usually there’s a timing for when do they open. Any idea? Bain & Company McKinsey & Company Boston Consulting Group Kearney Roland Berger Oliver Wyman Arthur D. Little Limited
Salary credit timings? Icici bank
ZS Associates
I have a couple of questions for ZS fishes-
1. Is it possible to turn down a promotion at ZS? I'm currently happy with my responsibilities as a Decision Analytics Consultant and don't want any added responsibilities in the near future (next 5 years)
2. Is it possible to shape up a career path in the BC stream which doesn't involve business development? I don't want to get into working on SOWs and RFPs.
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So many of you are focused on whether OP’s firm is actually elite. 🙄, such a classic attorney move. Answer OP’s original question and save your prestige obsession for another thread.
OP, for what it’s worth, I think your pay is low but justified based on your collected revenue.
Sounds like you have decent wlb. However, I’d consider looking for another job if you want a significant bump ($10k is not a significant bump).
Agree 100%
OP be VERY careful about the numbers supplied by responses to this post. I noticed that no one included the geographic region in which they live. Very few people remember that your salary is based (in part) on your market and this bowl appears to have a large number of attorneys from HCOL areas like NYC and California. That is going to dramatically skew the numbers and respondents typically forget that their reality isn't everyone's.
To get a true answer, I'd encourage you to update your post to include your location and do your own market research to help you understand what the salaries are like in YOUR market. That will give you useful data points to help you understand if your ask is reasonable and you'll be able to present this data to your firm's leadership when you make your case.
Pro
Location isn’t relevant since we know OP’s collections. Using the rough 1/3 of collections for comp is applicable regardless of geographic region.
Bowl Leader
This doesn’t sound like an “Elite Boutique”… $125k for a 5th year is very low all things considered. That’s like very low end midlaw pay. No judgment but I’d reframe your expectations around the firm if $135k for a 5th year is a big ask. For reference, I made $250k my 5th year as in house counsel working 30-35 hours total per week, at a non-elite company. I made $125k base as a 1st year at a non-elite boutique with 45 attorneys.
L1 yes they can; have seen this personally for an in house counsel at a cryptocurrency firm. But counsels aren’t always “senior laterals;” I’m not. I’m a 9th year just paid $100k more than a senior associate.
Pro
Elite boutique generating $4.5M?
Posting this under the K&E name is diabolical.
You should be getting a cost of living/inflatiok raise at minimum. If you’re going to ask, ask for well above that so you can land on a number that is actually a raise
Respectfully, it sounds like you’ve been drinking the corporate Kool-Aid pretty hard. Ask for much more than $10k and start interviewing elsewhere for leverage.
Elite boutiques make elite money
Generally I've heard you should make about 1/3 of what you bring in for the firm, so based on that, I don't think $10k is too aggressive at all.
$125k is about how much I made my first year at a midlaw firm outside of the AmLaw200. Are you sure you’re at an “elite” boutique?
It’s about what I made as a 1st year in 2000.
I would look for other employment. How much are you billing? Do they show you what your overhead is?
Lmao sorry to break it to you; but based on the comp you are NOT in fact at an “elite” boutique
I would ask for a 1/3 of your realized revenue.
Also I would ask for a higher billable rate.
This lacks some critical information. What is the geographical area? When you say 3 senior attorneys and you are the only associate does that mean 4 attorneys total? Firm "made" 4.5M - I'm assuming you are talking realized AR, not unpaid bills, not "profit". So how much of that is lost to overhead?
I'm also thinking you aren't calculating "total comp" properly. I assume when you say its $125 that is your salary+bonus, but you aren't factoring in the firm's liability for your payroll expenses, insurance benefits, retirement benefits, etc. You're total comp/expense to the firm is probably closer to 200 before overhead share.
Here is my quick take on this.
Based on your collections your compensation is fair. Perhaps a bit light but asking for larger bonus opportunity is probably a better tactic here.
Ask the firm where they need to see your realized income in order to get the pay bump you want. It is likely it will take some client generation/marketing on your part. But as the only associate I imagine that is what the firm is looking for out of you anyway. Being the "loan tribesman" with so many chiefs can be a blessing in that your comp can be highly customizable as there aren't internal equities to be navigated. Try and negotiate a comp system that works for both of you. You can bill more/generate more business knowing you are getting something tangible out of it.
I started in big law, then went to a small specialty firm similar to what you are describing before ultimately going in house. I was able to negotiate a pretty competitive compensation structure that if I really busted my a** would have rivaled my big law pay. You might be able to do similar.
a coworker of mine first year was making 100k switched firms and got a 60k raise. Similar hybrid role, same speciality.
Given everything you lay out, not at all.
The answer is no, not aggressive.
OP - no, not at all. $10k is nothing. As others noted, you should perhaps consider lateraling. It sounds like you’re being undercompensated which is probably why your firm can’t hold onto people
Chief
What are your bonuses like?
Chief
I don't think 10k is aggressive at all
If you’ve made 500k in revenue the current comp is not very far off…. I made my biglaw firm 2.5m this year and my comp is around 500k. I think rule of thumb is you should be taking home around 1/3 of what you generate/manage/bill. And yes I am aware this is not currently the case for me but that’s another story.
Yes, was just assuming it would not differ that much but it may do
Ya’ll out here chasing them crumbs like this? Fifth year, big law makes $480k. Ya’ll reach for the crumbs when there’s a whole loaf of bread sitting there! With butter too.
So hearing what’s possible to make (4x as much) doesn’t make you feel as good about yourself as talking about asking for a raise that’s 1/49th as much? Just because you don’t like hearing that speaks nothing as to whether it’s something a lot of people can achieve it with the right planning. Maybe not with A1’s attitude but definitely possible.
Regardless even if you found something making half that, it would be a huge step up from 120k, so why not look at other firms?