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BNY Mellon technology specific questions -
#0 How much max salary for grade K ?
#1 How long does it take to promote in bny from grade K to L ?
#2 Any specific criteria for promotion? Expr , certification etc...?
#3 How much % hike to expect post promotion ?
Skills- Java, microservices,react, cloud
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For those eligible for vaccines in Illinois as part of group 1b+ (pre existing conditions) and have access to transportation, there are many appointment windows available in Springfield and southern IL (3 to 4 hour drive) State site explicitly says all zip codes can get vaccinated at these sites: https://coronavirus.illinois.gov/s/statewide-vaccination-locations
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Oil and gas attorneys what do you do?
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We basically pay a lower than market base salary. Once an associate hits a designated overhead allocation (less than partner overhead allocation) they keep 30 percent of working receipts and ten percent of originations. We have a small shop like yours and associates could make more money than biglaw depending on hours and collections.
We have a profit sharing % that goes into my 401k, which is incredible. I don’t know the %, and I also don’t know if it’s based on my performance or not.
Bonuses include a standard end-of-year bonus (hits before Christmas) and a black-box bonus after the year’s billing is reviewed. It’s not really just hours based, a lot of it is efficiency, client development, etc.
Also a decent yearly stipend for home office supplies! That’s been very very nice
Every associate gets the same bonus based on the firm’s profits.
(We have other nice benefits too - 5% contribution to the 401K, a defined benefit pension, employer-paid healthcare, student loan assistance)
No billable hours and random black-box bonuses
Pro
Bonus based on individual receipt collections
Monthly bonuses if billing over 170 hours, which increases every ten hours over that