I work at a large company, but unfortunately, HR hasn’t been transparent with me since day one. My net salary still has various deductions such as insurance, pension contributions, etc., totaling up to 20%.

Now that my personal expenses have significantly increased, I’m in need of additional income and currently applying to several companies.

Is it normal to ask for a salary that’s twice my current salary during the negotiation stage?

Also, how should I ask about or request a sign-on bonus?

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

Are you expecting your salary NOT to have deductions? If so, work a 1099 job.

like

Sign on bonus is not something you typically request except in the context of moving / relocation. On salary apply to jobs with the posted range you want. If no posted range is shown, do your research to figure out what the typical range is likely to be. I don’t think you need to disclose your current salary / most firms will not ask. If they do ask just say you do not feel comfortable disclosing. Not going to be a dealbreaker if they like you.

like

Asking for double your current salary is a big ask.. even if you can clearly justify it based on your skills, experience, and the value you bring, it's almost unheard of for most people. I would either be more realistic in your ask (still on the high side) or just start looking elsewehre. As for a sign-on bonus, just be direct and explain that it's something you need to make the transition smoother.

IF you’re underpaid and work in a state where it’s illegal to ask what you currently make, you do have a shot at doubling your income. I did between my first and second job. Second salary was maybe 40%-50% higher plus overtime, resulting in a 100% increase in total comp.

Deductions as described are perfectly normal. Has nothing to do with HR transparency. Did you think your retirement contributions and insurance were free to you? Also, your personal expenses increasing are not your employer’s responsibility. You offered your services at a price they were willing to pay.

Related Posts

Any recommendations for best balance transfer card? Like zero APR for 15-18 months and no fee? Also nice to have points or cash bonus

like

Any Sales tips? What has worked for you all when doing cold calls? And any tips and idea on building your book of biz?

like

Hi everyone I am working on some recruitment marketing initiatives and I would love to her your advice. Do you send to candidates any presentation to give candidates an insight of the divisions they are applying for? Any ideas to share?thanks!

like

How do you make time for reading in your schedule? Is it something you do in the early morning? On breaks? Before sleep? I can never seem to fit it in

like

Where can we check legitimate cutoff for Canada express entry PR?
How often do the results come out? is it every month?
After submitting your profile in how many days can one expect to get Invitation?

Are those of us on H1b/F1 allowed to enroll in community College for any courses? The one near me has a motorcycle training course that waives the skills test for 1/3rd the price of its competitors

like

Hey Fishes - can you please share your recent L1 interview experience? Curious what questions you were asked and how long the wait was. Thanks!

like

Do you consider Dallas to be "conservative"?

like
like

Just joined this bowl and disappointed to find 80% of the posts are just people too lazy to read their employee handbook... I’m here to ask, any firms offers MilkStork as a benefit.

likefunny

Is it okay if I get fired from D after my H1B transfer for the new employer gets approved ?

Haha so true

Post Photo
likefunny

Hello I am looking to pivot careers. I’ve worked in warehousing, shipping and logistics my entire life. I don’t have much experience else where. How do I find the right move to make?

like

When a private equity firm invests in your company, they do expect to exit their investment within the next five to seven years.

like

Hi fishes,

Working in KGS, Is Work from office Mandatory for Advisory Consulting? I saw several posts below for 1 April but there is no mail around it. The only mail is about 1st March returning to office. Should I plan to relocate to base location by 1st March?

like

Folks, have any of you ever asked for an LOR from your supervisors here in KGS for GMAT admissions? IIM PGPX/ISB?
Has this caused any issues?

like

What are the pain points or challenges being a vendor in staff augmentation 2022

like
like

Favorite jeans brand for wearing to work in a business casual environment?

like

What’s your typical % bonus in Revenue incentive for won deals?

like

Additional Posts in Jobs in Finance

Tips for starting new job?! First day+week ? Decided to make a big change and leave my job of 10 years to start a new one! Curious tips for first day you found worked or didn’t work

like

Has anyone done the Blackstone pymetrics?

like

Is Barclay's a good bank to work for? I'm looking for all feedback - the good, the bad, and the ugly

like

Does anyone know the salary of a beginner para planner at Ameriprise or any other broker-dealer?

Bloomberg hi all! I applied for Bloomberg Analytics and Sales and passed the super day. I’m meeting with the manager tomorrow for half an hour. What can I expect? Thanks!

like

Does anyone work at at Merrill Lynch as a Life services relationship consultant? Any info on the pay?

like

I'm the only employee with a background in finance in a tech startup growing at a 300%+ per year. But it's actually my first finance-related experience (interned and now part-time as I'm in my senior year of undergrad) and don't know really how to have an impact as my knowledge is "limited" and have no technical mentorship.

Any advice/mentorship would be wonderful!

like

How does first 3 months at JPMorgan Chase look like.
I have been hired as Regulatory Reporting analyst?
Any tips??

like

Does anyone work for UBS? What corporate title would a "manager" be? AVP or VP? Or AD?

Do you keep interviewing after offer signed and background check cleared?

like

Is there any way to travel or live internationally while working for the US government? I’m working in finance and accounting. Would love to know how and where.

like

What salary should be expected of a business control role in Citadel securities, working under CFO/CRO office in NYC. With total 10+ YOE.
This role sits directly under enterprise risk head.

@citadel

like

There is this big bank where I'd love to work at, and after several interviews for various positions they end up promoting someone from within, even thou I understand it and think it’s good they promote their people, it left me feeling like I'm just being used to comply with the process.

Is IB worth the sacrifice of WLB? Obvious pay is really good but are the prestige and pay worth it if you’re planning on only doing it for a couple years?

Currently working at an IRA with great WLB. Honestly I love my job, the firm, and people I work with.

Also doing MBA part time at a T15 school. Thinking about switching to IB but I’ve done my research and I think I would burn out of IB in two years but I might be ok with that for the opportunities after.

like
like

I am an Indian CPA and pursuing my level 2 Cfa. I have worked with family office and Swf and have relocated to Vancouver. Any tips on where to begin my job search

I'm in finance/tech FPA, looking to go back to the defense industry for a 25% increase in TC. But wanted to see if I should leverage the new salary with current company to see if they'll match.

Background: got a promotion at current company that didn't come with sufficient increase . After stating my case I was told it would be evaluated next October, which is what prompted the initial job search.

Current TC 103K [88/15], offer 125k base [+discretionary bonus].

like

Are any firms out there that are hiring full-time/remotely? Let's start a list

likehelpful

Does anyone have any connections at Citi Deutsche Bank or JPMorgan Chase in their Private Banks? Senior level banker looking to transition. Any help is appreciated!

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