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Hi Fishes,
This is on behalf of a friend .Can someone please put on some light on the below query ?
Company : Morgan Stanley
Designation : Associate - Global
Role : Compliance Technology Strategy
Division : Legal and Compliance
How is this position for a BE+ MBA , total 3+ years of IT experience in top MNC.What would be the expected CTC and next hierarchy designation ( after a promotion ) ? Morgan Stanley
Hi Fishes
I want to share very bad experience I had at Mastercard
I was given offer by Mastercard in month of Dec The hike was less but looking at brand & other perks I accepted the offer & was looking forward to joining them.I got few offers & I went back to them for sole purpose of renegotiating CTC, to have a industry standard hike. They didn't reverted back for 2-3 days & just dropped a mail that they are revoking initial offer as well on grounds that they didn't like i gave other interview
What’s the average annual hike in PDM model?
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Subject Expert
There's no typical time for promotion. Could be 6 months, could be 6 years to go from SC to A.
That said, $140k is way above the top of the typical SC band, and is towards the upper end of the typical A band, so good job!
Subject Expert
Adding on to the timeline piece--there is no up or out from SC to P. Unless things have changed recently, there is a pretty lenient expectation that you'll progress from C to SC and from VP up the VP ranks in a timely manner--as of a couple years ago there was no set timeline on those promos, but the expectation was that you would do whatever was needed to get the promo in a timely manner.
From SC to P, there's no expectation for promo, with A, LA, SA, and P being terminal levels for quite a few people at the firm.
This is all as of 2019; if things have changed regarding promos since then, my info may be outdated.