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It is a pretty good offer. Their VP are B4 manager equivalents, and this is a fairly good offer. I am ex-Morgan Stanley and the only con is the hours, bonuses will be higher than consulting but so will the hours.
I worked at GS and averaged 60-75hrs per week in Compliance, but every situation is unique so tough to say what your hours will be. Not less than 55pw on average though.
I would absolutely try to negotiate up on base if you can - they can only say no so really nothing to lose. Base increases are marginal once you are in the door (think tracking inflation) and they rely more on bonus to reward performance.
Do you think my offer is reasonable? Also what were bonuses like when you where there?
Sounds about right to me, raises will not be substantial without promotion.
Thanks!!
Rising Star
YOE?
Rising Star
Banks pretty much pay out a good portion in bonuses each year, even in tough times your payout can be at least 50% of your target (in compliance type areas)
Also, does anyone have insight into what the average annual raise is like for these types of companies? Trying to project if I’ll do better by switching or staying in consulting long term.