Hi -

Getting ready for my first comp conversation with my manager this week and wanted some insights on the banking industry raises.

Can anyone please provide any insight on how raises typically work in this industry? I know bonuses are a big component, but does total comp increase year over year? Or will that increase with a promotion only, and till then the target bonus is the number to expect. Thanks in advance for any insight.

like
Posting as :
works at
You are currently posting as works at

If you didn’t move up , you get maybe 3-5% ?

Got it.. thanks!

like

There is pretty good data for IB. Look at the Arkesden compensation report

Great, thanks. Will check it out!

What type of roles in banking?
I used to be roughly up 10% each year in total comp, including promotions (jump in base but lower variable after promo). That was FO though

Thanks for replying. I am in the product owner role..

Related Posts

So with all the layoff talk on the BL bowl, how’s Texas M&A market doing? Anyone expect an uptick in Q4?

like

What is the TC range for managers in Accenture's Salesforce practice? Coming in with 4 YOE, 7x SF certs and am currently manager in the Technical Architect team at a boutique SI partner(1000-3000) employees. Thanks for the help! Accenture

likefunny

What is the salary range for PL8 ?

like

Hey Fishes, How much hike can i expect when i am being promoted from a GCB 7 to 6? My Current package is 10.50 and YoE 9 yrs

like

Thoughts on offer?

Experience
6+ YOE in Financial Services Industry
Skills MBA, CFA, FRM
Currently in Big4

Offer
Base 130K
SignOn-5K
Location New York
Firm Non-Big4
Title Senior Associate

like

I have 3 YOE in Tech Consulting (PwC and a boutique). Currently at the Consultant / Senior Associate level. What level / salary would that put me at at MBB in their Technology / Digital Practices? I do not have an MBA

like

Alright, FY21 is over!
What did everyone get for bonuses at my company and others?

like

Does EY pay $300K to consulting Senior managers in T2 cities?

like

What are bonuses like for a first year IB Analyst in London? (Think US banks like GS, MS, Citi etc.)

like
like
like
like

Does anyone have any background info on FT partners? Culture, WLB, pay, etc.

like
like

Looking to bring on a experiential marketing specialist (FT) with 5 years of experience - any idea of the average salary range for such position these days?

like

Is 30k bump in pay worth the move from a large bank to a series D start up?

like

Hi Fishes, How much hike & % of Variable pay NOKIA provides for JG-8 level employee. How is the facilities & WLB,job security in NOKIA.

helpful

Any thoughts or opinions on IBM or SAP projects
Work culture, Pay, Experiance

like

How much CTC can I demand from Tata Consultancy ? For Java Spring Boot backend developer, location Kolkata, Relevant YoE 4.6, Total YoE 5.8. CCTC 7.1

smart

How are ppl earning 40-45 lakhs as qa...? I mean what technical skills one should have

like

More Posts

Can anyone share agencies with good, genuine Latino representation, especially in leadership? My dream is to work at an agency that reflects the demographic of the city it's in (i'm in LA)

like

Guys, can you list down your experience in working with EY, which you are missing in your previous job. Or, something good at your previous job which is missing in EY. Please comment those. It can be anything like good project, managers, WFH, benefits, flexibilities, Hi, 

I want to cancel this 200Rs Netflix membership for this month. How to change this in my card settings, I am not able to find the settings in ICICI website to cancel this. 

like

Would anyone happen to know what the WFH situation is like at Standard Chartered bank in Singapore? Is it 5 days in office or flexible? Thanks in advance!

like

Took a role out of desperation and it was a big mistake. The firm was toxic and crazy revolving door. After only a few months I was fired "for cause" even though no cause was actually given. Is this the end of my career?

like

Market research - can anyone in Philly share their firm name, salary, and year?

like

Why do we put up with the dysfunctional BS from our peers and superiors? Are we well-compensated chumps?

like

What would you say is the difference between a billable hour target vs. minimum? I feel like some firms boast about not having a “minimum” but the expectation is that you to exceed this target which just makes it a minimum.

like

Can anyone recommend a recruiter for a US JD looking to move to London? Also, does anyone have any advice for a US litigator looking for a job in the UK? I’m open to anything, including non-legal roles.

Thank you!

like

Bored on a Sunday night, any female fish feel like chatting

like
like

Hi Fishes I am looking for Scrum Master job
Total experience 7 years
Scrum Master experience 3 years
CSM certified
Immediately available

like

Hey fishes, can someone tell me how the 80c bracket works, i know i can get exempt upto 1.5lakh under it, what i wanna know is does PF comes under it or not? For example if my yearly pf deduction is 20k and VPF is 10k so now will i still be able to show investment of 1.5lakh under 80c apart from PF and VPF or i'll be able to get exemption on only 1.2 lakh( 1.5lakh-30k= 1.2lakh)?

Thank you in advance!!

like

Hello Fishes,

Anyone here as VP or AVP in barclays...I've came across with one very suitable opening with barclays... Can anyone reffer me please?

like
likesmart

Bain & Company Is there a cooldown period for Bain & Company ?

like

Making a lot of money relative to the average but feeling poor? Median after-tax income was ~$55,000 in 1981 and was ~$73,000 in 2020. Using a Bank of Canada inflation calculator $55,000 in 1981 is equivalent to ~$165,000 today, which would put someone in the top 10% of earners today. But in 1981 the median family had that extra money. Who can I blame?

Post Photo
like

New to Toronto, moved to the west end of town/ just past - in Etobicoke. I celebrate my 40th a few days after NYE/NYD - would love some recommendations on moderately priced but nice ambiance restaurants for myself + husband, and my extended family. Everyone is scattered throughout (Hamilton, Barrie, Lyle, Newmarket, North York). Don’t want anything too fancy but don’t really know where or what is good and not downtown.


Any recommendations? (Open to GTA of course).

like

Advice when looking for Tech Consulting internships in Chicago or DC Metro? My GPA (3.04) has disqualified me from most major companies. I've opted to focus my efforts into my student organizations and helping others reach their goals, in doing this I compromised for a B average. Are there any firms that will accept recommendation letters with the application? The networking route is also something I am exploring, but haven't had much success thus far. Any help is welcome! Have a great day!

like

How to get freelancing opportunities?

like

Additional Posts in Compensation in Consulting

Comp estimates for Chief of Staff at Series C startup with ~500M in funding. CoS per description is more executive level in design (versus admin assist) requiring 10 YOE.

What to expect in salary and equity comp?

like

Looking to apply to manager positions at S& and ATK, 7 YOE strategy consulting at a boutique with top 10 MBA , just curious what is rough range for comp? Thanks

like

For someone making $250k in the nova region, what should be an equivalent amt that they should be making in the bay area?

like

UK Fish 🙋🏼‍♂️ - any advice on salary ranges for SC and M at D? Bonus ranges? Anything else?

like

Hello folks, any credit card suggestions with good benefits and cash-back? Please advise. TIA

like

Has anyone ever been in a situation where you're try to negotiate base salary using data from Glassdoor, Salary.com, etc. and the recruiter says those sources are not reliable? What would you say to that?

like

My Associate stint is ending next year, and I need to start thinking about my next move. What’s the right comp I should be targeting with 4 YoE (2 in VC, 2 in consulting), in unicorns vs PE vs CVC?

Current TC is roughly 175-300k (carry is complicated and variable) in MCOL.

like

Do people negotiate salaries when being promoted? Or you get what you get? (Specifically EY-P (M&A) from director to sr. director)

like

Average starting comp for MM PE associate in bay area? 250k?

like

How were the raises and bonuses at Deloitte this year? Looking to jump from EY to there

How much does a manager at Alvarez and Marsal make in Forensics in NYC and Charlotte?

like

Does it always make sense to max out your HSA? I have ~$6k parked there now as a healthy 28 yo with virtually no healthcare utilization

likesmart

Does anyone know how much 1st year associates are making ($$) in tech risk at Goldman Sachs?

like

Should I expect a signing bonus when moving to a new job within the same (very large) company? Job is in a totally different area of the organization. Expecting the offer soon and trying to gauge what’s normal!

like

Too Late To Ask for Sign On Bonus?

Received an offer yesterday and was not offered sign on bonus, however I just remember I need to pay back a portion of my EY sign on bonus...Is it too late to bring it up and ask for a sign on bonus now?

Being promoted mid year in the Bay Area to senior and did not get a raise as expected. Trying to see what the current compensation is for seniors within deals.

like

I recently got an offer from Accenture in the TDP program. My official title is Technology architecture delivery analyst. I want to negotiate and ask for more, but there is not much information online on how much I should ask for. Can anyone provide any tips, tricks, or advice? Thanks in advance!

like

healthcare promotion from EM to SM in your firm? trying to calibrate expectations....

like

For EESP - which is better share withholding or payroll withholding? Thoughts?

like

Interviewing for a Manager position with PwC. What realistic salary range should I be entertaining? Current salary + bonus is around $130K.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal