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Hi All, I have 3.5 yrs of experience in Product Management and I'm interviewing at JP Morgan chase for Senior Product Manager role and Product Manager role, for Seattle Location. What kind of salary range should I give for each role when the recruiter pops up this question? JPMorgan Chase
Hi all, recently in touch by Spotify recruiter for a Sec Engineer position for remote EU and was told that range was 60-80 out of base salary and equity. Had 2 years of security experience out of my 4 years. Was also told that there is no bonus scheme or no sign in bonus 😕 Not sure how I feel about this tbh.
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I’ve done it and multiple friends do it. Honestly the legal costs alone in trying to claw back your bonus likely outweighs the collection at least at the Analyst level
^ this is completely moronic advice from an analyst who has no idea what they’re talking about. First off if you don’t pay it, they will send it to collections. Have fun dealing with those people and the giant collection on your credit report - which your next employer will also see.
Secondly if your offer letter stated you had to pay it back, it will not be prorated. You will pay back the pre-tax full amount.
Finally, even if it costs the bank more to pursue the money than what they get back, they will still do it. If they commonly forgave the debt, everyone would just refuse to pay, and the purpose of the clawback would be void.
I have done this before. You need to get your new employer to pay, or be ready to both pay back the money and get screwed on the tax loss.
Yeah the bonus? It’s not a penalty, you literally don’t have the money yet. You owe your employer unless you stay
So you guys are saying to repay it? Getting confused by some of the wording here. I’ve heard that many people just ignore the email and it’s not worth the time/money for the firm to chase down $5K
They'll claw it back one way or another lol.
Agree with Associate 1... who is clawing back after TWO years, anyway? Most are after one year and are prorated for your time at the firm. You’ll get some nasty letters if you don’t pay back, but in the end it’s not worth the fees
I can see how that was confusing, my apologies. In the end, it’s up to you. They will not pursue aggressively besides a few nasty letters. It’s not worth it to the bank to chase you down, so no harm in not repaying. That said, if it’s a prorated amount that’s not material (e.g. if you are at month 11 with a 5k signing bonus, then $417 for the one remaining month on your clawback period) you may as well pay it back to avoid any stress