Finance

Happiness and potential for growth vs. great compensation -- which one do you prefer?

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Don’t fall for the whole potential growth nonsense. Work for compensation, if you’re not getting compensated well or what you think you’re worth, let it be known by your bosses and make moves if they don’t make it happen by year end. If they think you’re worth it they’ll pay you, otherwise they’ll constantly keep you running on hopes and prayers of growth. Don’t get me wrong, your first 1-3 years should be focused on gaining exposure and setting you up for potential growth. But by years 3-5 if you’re not getting compensated well, it’s time to start looking elsewhere

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Growth (which theoretically should lead to better long term earnings)

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If they're mutually exclusive, I prefer happiness any day. To be the richest person in the cemetery is not something I personally strive towards.

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happiness and compensation aren’t entirely separate things. great comp makes me happy...

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Growth. Happiness does not do-exist with the rest two.

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In my experience the two are closely interlinked. You cannot target great comp in this industry without being good at what you do. Tough to be happy if / when you are not good at what you do and enjoy doing your job... this applies very much from VP and up for sure... May be slightly different at Analyst and Associate - IBD seems to be changing a lot too lately - when I was that level I could not have worked through my junior years if I had not enjoyed the job more often than not (= conditional happiness)... ask yourself this: would you continue to do the job if you are not paid a bonus for one year. If the answer is no, I think that is problematic. just my five cents

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Comp

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Short term, comp. long term, happiness.

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Comp

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Comp

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happiness - maybe why i’m in VC?? :)

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