Hi all, was offered $125K Annually for an AVP position w Morgan Stanley (5-6yrs of experience). Is that in line w/ the appropriate paygrade of AVPs?

I accepted the offer Friday, but have not signed a letter so if needed, I plan to talk to the recruiter tomorrow. Thanks.

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Are you in the US? If so, that's normal. I'm in Canada and for these jobs we get like 85k lol so take it. I think there's some profit sharing or something like that.

Hopefully you do the best in your new position!

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Thank you so much!! 😁

I am an AVP in a MCOL city with 3 years experience making $102,500 base in a risk function. When I first started the job I was happy with my pay, but now I feel underpaid, especially since new hires are making $110-115k without a masters degree. I obtained a masters degree and still make less than the new hires. I hope this helps!

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Gotta look internally if you want to stay. It's super difficult to get promoted

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with 5-6 yrs of experience, 125k seems low but don’t just decide purely on pay

likesmart

Thank you for your insightful advice!

That’s a great pay. JP would pay you less

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I interviewed w JPMC previously and it was not the greatest experience. I stayed away from them after - I was nervous when MS approached me but I’ve heard they are two different environments!

likesmart

Is it in LCOL, MCOL, or HCOL

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Thanks coming from BofA and wanted to see. I’ll negotiate higher

Yup. That’s standard NYP AVP salary. Max for MO I believe is 130 so push for that.

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It’s fair for a Project manager. JP pays way less

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AVP in NYC for BO or MO usually around $125-$135k without bonus

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Back office / middle office

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What is MCOL / HCOL? Making $130k plus a 20k bonus outside of NYC is very good pay fyi

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base only?

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Thanks, do you work for MS? It helps regardless

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If it is BO then it sounds about right as I think VP BO starts around $150k in NYC, at least for Tech. So it would make sense that your approaching the high end of the range.

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Yes back office

130k avp here.

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AVP= what role
VP=what role

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What division is the position at MS?

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In a MCOL or HCOL city? Do you have school above a bachelors? If you have more than a bachelors here in a MCOL that is low for finance. What sector do you work in? Like accounting, finance, analytics?

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What’s the role? Depends if it’s front office, MO, BO

I’m assuming this is in WM. Do you what division? CIS?

I get paid more than that.

At CO1 what’s your function/role ?

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What is senior manager equivalent to in Morgan Stanley or BofA ?

I think negotiations should occur prior to acceptance

You’re right!

Have you gotten an offer letter yet? I verbally accepted almost two weeks ago and it seems to be taking awhile…

I did - I got it within 1-2 business days after verbally accepting

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