Had a screening call with a recruiter at Citi for an SVP position in corporate treasury. She said the base compensation range for the position is 155k-165k. This seems quite low to me plus it is almost 10% below my current base. Is she lowballing me or does this base comp look reasonable to others?

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For SVP in a back office role at a place like Citi seems right. For comparison though, a revenue generating SVP role can be 3x that amount or even higher.

It's not a matter of title but a matter of job function.

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I understand that, however, the base still seemed low. Glassdoor usually underreports and even that shows the average base for finance SVPs as 168k.

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Sounds right (maybe a little low). What is the bonus range? Should constitute a good portion of tc and exceed your current bonus by quite a bit.

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I was hoping to get some expected bonus percentages, but they wouldn’t divulge anything on it. So agreeing to a lower base with no idea on bonus didn’t make sense to me. I did say if the total comp gets me to a good number, I will be open to it.

I asked for a bonus range and she did not give me anything, just said it’s purely based on firm performance. I did mention that if the base + bonus gets me to a good number, I’ll be ok, but just didn’t get any info on it. Also I was expecting SVP level to be around 180-200k base.

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I would look at the European banks. They pay more.

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Did she say there was no wiggle room? Most companies underreport the base. So if the upper end is 165k, I'd imagine they expect a counter which would put you at your preferred range. (ie: counter at 187, and settle on 180 w/ maybe sign-on bonus or extra pto, etc. ).

Hope everything goes well!

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That sounds reasonable. She asked if I would be open for a lateral move (base: 177k) , I told her I’d want a base increase of at least 10% especially as she didn’t seem to want to tell me anything about how much the bonus could be. I also said if base + bonus gets me to a good number, I’ll be open. Let’s see. Thanks for your input!

What market? NYC?

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Yes.

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IMO just go through w it the recruiter is ultimately not the person in charge of your salary.

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I am thinking the same. Thanks!

SVP = roughly manager / senior manager?

SVP is probably 7-8 YOE

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That is base correct? I’m positive bonus at minimum is 30% + you should get stocks and other perks? Your total comp could be closer to $250k-$300k (all depending on bonus and shares) and the work life balance working at a bank

That minimum is high. I used to work in Financial Services in CorpFin. SVP is probably 15-30% bonus depending on firm performance, with about 1/3 of the bonus paid out in RSUs.

Edited the bottom of the range down, 30 would certainly be max for great performance and a great year. 15 is more realistic to average performance and average year.

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