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Hi All,
I've an overall 9+ years of experience predominantly into training & development and project management. I worked in ecommerce and supplychain industries. Please let me if there's any suitable opening. I'm about to finish my notice period and ready join by 1st week of July.Amazon Tata Consultancy IBM Newco
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I did this on the quantitative trading side with ~3y experience - for negotiation they initially only offered a little wiggle room, but being firm and saying you’ll only accept “x” seemed to work. Not sure what base is normal in your exact space, but mine generally caps salaries to ~$170-200k, only allowing upside in bonus.
Can’t speak for relocation, but bought out half your deferred comp + a little for sign on (amounted to 50% salary). They were willing to give me rough guesstimate mid performer bonus for first/2nd year if I stayed on track with expectations. (100% ish first year as likely won’t contribute a lot to start with)
Bonuses will realistically vary on performance - I know late 20s people with low 7 fig bonus, and those who don’t do well enough and are simply cut.
This is helpful. When you say they gave you 50% salary for sign on - what does that mean? 50% of your old salary or 50% of your new base?
Rough guesstimate? You mean they told what you could reasonably expect as a bonus going forward under a certain set of conditions?
Salaries are fixed and low. The only thing that matters is bonus and since you don't have your own book there's really nothing to negotiate.
Assuming you're on L/S equity side, the 5 data points I have on comp are all $125-$150. But it really doesn't matter as much because if total comp is $300k and you make $150 salary then you get $150 bonus. If you get $125 salary then you'll get $175. Total comp is what the target is and salary is netted. And total comp is entirely dependent on PMs p&l.
You might be able to askfor a first year min bonus guarantee to avoid you getting zero.
It depends what state your working in and the going market rate for that position.
Could be a range from $40-85k a year depending on the job and the responsibilities.
Based on these Salary levels it’s clear you’re at a higher end firm or hedge fund in NY or CA. Clearly your not at your average wealth management firm but a higher salary is warranted. If you’re in year two making $125 to $200k you’re ahead of the game.
Personally I don’t think analyst are worth this unless they are lights out and two years usually is not long enough to build a career track record. So I believe you’re over paid and at risk of losing out your position to lower salaried employees down the road.
Just my humble opinion I would find away to get more depth in my future than just being a NY analyst.