If you practice collections in-house, what do you earn and do you receive a bonus?

I have practiced for five years and make $121k as an employee of a financial services company. As the only attorney, I oversee all statewide collections efforts, from demand letter to garnishment, with a case volume of nearly 7k new cases per year, of which the majority I end up litigating. I receive only a $1k bonus per year. Is my compensation fair? My last insurance defense gig was $75k.

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

You are hella underpaid my friend

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Probably depends on your geo, but in my market, I would consider that underpaid on both fronts. I’m in Denver

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Seems like you could should parlay this into a less crappy in house role or work for an outside collections firm and make more $ for the same BS

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This is my thought as well. OP you’re carrying way too much for your place for that kind of pay.

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Woof.

Related Posts

Hello Guys

YOE - 16
CTC-19.6 LPA (was in UK for 5yrs), hence Indian CTC did not grow
Skill - IT Security Consultant (AWS Security, CISSP certified)

Currently in negotiation with Wipro, Deloitte and Crompton
All 3 have given a strict budget of 30-31LPA

I need help on 2 things
-Which co. has better growth in term of WLB, Skills, salary hike?
-As per my exp., what should be the best negotiation?

Thanks

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One of my friends works as a Director in Nagarro. She has been there for 7 years and has a CTC of 42 with total yoe 17. Per current trend this is low even though she is a constant top performer. She says that even though delivery people play a pivotal role, they are not paid well. In her team, she sees technical people earning 45-50 at 10-11 yoe. So the factor is 2.5 for delivery vs 4.5 to 5 for technical roles. Per her, this is quite common in Nagarro & she is not an outlier. ctd in comments

likehelpful

What is the current compensation band for Salesforce Developers/Architect with 10 YOE?

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Bonus paid out today. Taxes are crazy, basically only got half - is that normal?

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Someone having good (real good) experience in Angular, I can provide a refferal. Salary negotiable.

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I’m on the consulting side (FDD) and I’m curious if there are PE firms with good WLB. I’m happy with my pay, growth, and hours. PE interests me but I don’t understand why anyone would want to consistently work 65+ hours a week every week. What’s the appeal? Making double the pay? What’s the exit plan?

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Hi guys,

Is it better to go for lead ba role cloud consulting company or scrum master in product based company?

CTC is almost same. Looking for career growth, learning wlb..please help with pros and cons.

Current role : lead ba
YOE : 5

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What is typical salary range for Sr. Consultant at Deloitte India Consulting. YoE - 3. MBA Tier 1 college.

Today i got my variable bonus of 10k, i get 59k inhand every month in which 2k gets deducted as tax, today along with the bonus of 10k I got 67k inhand and tax deducted is 4.5k. I'm kinda lost. Can someone pls explain y this?

Hi fishes,

Need your opinion.

Working for
Wipro as azure data engineer in Spark, Hive, Azure ADF, ADB etc.

Current CTC: 17.5 LPA

Total YOE: 11 years

Relevant exp in big data: 6 yrs

Relevant exp in Azure: 2+ yrs

Got offer from Atos of 26.4 LPA. Is this a good offer? or Shall I search other job at 30+ LPA?

Getting calls from some product companies like JPMorgan Chase Chubb. How much can I expect from these product companies?

Wipro Infosys Tata Consultancy IBM Capgemini Cognizant Accenture India

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Hi Fishes, Please advise ASAP
YOE - 9y
How much can be expected from JPMC on existing offer from other company of 28 LPA Fixed + 2.8 Bonus ?
Planning to ask 35 Fixed , will JP give this much ?

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Hey guys.. can someone help me with the salary bracket for Manager at EY tech consulting ? Position is in the US

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I’ve been dabbling with the idea of getting into copywriting as something to soon the side but I have no experience doing it. What steps should I take (books to read, gigs to start with or pursue, etc) if I want to go from $0 and next to ) experience to $40k or so a year?

Right now I’m currently unemployed and taking a break from my fine art stuff to try to get back into tech sales, but I was looking to expand my skill set and also generate extra money at the same time.

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Question for you all: if you work for Cleveland Clinic as a Admin Program Coordinator II, how much did they offer and how much are you making?

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Hi, I have an offer from Deloitte India where LTA is shown as part of CTC. Can I get this amount as monthly or I can only claim this in March (year end). Please help existing Deloitte employees. . Urgent. Thanks a lot. Deloitte India Deloitte USI Deloitte

likehelpful

Does anyone have leads for a recent MPH Epidemiology grad with 0-2 YOE to get into consultant roles in Healthcare/life sciences?

Second question: what sort of work experiences are companies like flatiron and komodo health looking for to work in RWE/heor? I'm not sure how to leverage Epidemiology to get into that space :(

Is severance taxed higher? I got 1 month of pay but seemed to be taxed much higher

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I have been talking to a recruiter for a little over a month about a position. I let her know out the gate that I really wasn’t looking to change jobs, but she just kept wanting to continuing the conversation. I didn’t have 2 interviews with the hiring coming and they know that I am not really looking to make a switch. They are now working on an offer letter and I know they’re going to offer me more money. I’m having my annual review this week. Any advice on how to handle a) job offer b) review?

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I'm thinking about starting with a new company. I'm a commercial workers compensation underwriter with almost 3 years of experience. I currently make around 38k but I'm hearing that this is low for the market. Thinking about going to Travlers or Hartford. Anyone have experience there? What was your salary?

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More Posts

Wells Fargo merger news. What’s it mean?

likehelpful

Does anyone have idea how long this hiring freeze will be? When will it end?
#hiring freeze

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How do I politely resign? I was going to put my two weeks in last week, but it felt inappropriate because my boss was hospitalized. She is back from the hospital now but still isn’t feeling well. I start my new job on the 12th 🙃 I don’t want to be a jerk but this job is not a good fit for my current lifestyle.

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Anyone here 40s never married, no kids?

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Hi Fishes,
I joined my current organization 3 months back.
Didnt allocated any project yet.

Now i am looking for a change:
Can someone refer me:
YOE :8.9
Location: Bangalore
Notice period: 30days
DOB : 01/06/1991
skills: java, spring boot, hibernate.

Thanks in advance

Pros and cons between digital and printed documents...

like

How is EY’s SAP practice? Overall, so they focus more on new implementations (S/4) or auditing existing ones? How is the overall company focus on growing the SAP practice?

I have a deadline to respond to a Motion for SMJ in 1 1/2 weeks. I just found out that my grandparents who I haven’t seen since the start of the pandemic will visit this week. I want to spend as much time as possible with them but it will be hard with my response due. I really don’t want to tell the Court that I am seeking an extension for personal reason, what would be a good reason to provide? I clearly don’t want to misstate anything but is there some general, vague language that can be used?

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I’m doing second round interviews with Deloitte but also interviewing with three other companies. If I get an offer from Deloitte, how long can I put off making a decision in order to finish the interview process with the other companies? Is this generally frowned upon?

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Need referral at CGI. I have the job id with me

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Hi guys,

Is it better to go for lead ba role cloud consulting company or scrum master in product based company?

CTC is almost same. Looking for career growth, learning wlb..please help with pros and cons.

Current role : lead ba
YOE : 5

like

I have accepted an offer for the role of Director of Data Science & Analytics and I'll be working with old colleagues. I am very excited. I haven't given notice yet because I am waiting for the background check to complete, but my boss just asked me about traveling to a meeting in November. I start at the new job Oct 25. I'm really struggling for how to respond. If I were not leaving it is absolutely a meeting I should be at. I don't want to respond with a lie. Any dvice on how to respond?

likesmart

How do you guys tackle the situation where employers asks for immediate joiner.they don't even give us a chance to get evaluated technically.
Do you guys go ahead with any foul play like even if your notice period is 60 days but you tell them that you can join within 30 days

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Hi,
How does the sapience ibuddy tool work ? What if I'm not able to clock 8 hours ?

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How many of you are building side gigs in addition to your usual work?

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Share the latest timeline for I-485 approvals in Employment category…

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Lately I’ve been seriously considering making the transition to product marketing. Current PMMs please weigh in — on average, how many hours do you actively work in a day?

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I want to thank me for believing in me, I want to thank me for doing all this hard work. I wanna thank me for having no days off. I wanna thank me for never quitting. I wanna thank me for always being a giver and trying to give more than I receive. I wanna thank me for trying to do more right than wrong. I wanna thank me for being me at all times.

Post Photo
likesmartfunny

Does anyone have a recommendation for a tax professional in the Bay Area?

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Additional Posts in In-House Counsel

Would love some advice / thoughts. I went straight from law school to a corporate legal department in house for an asset manager. They like “home grown” talent and I “be worked hard and risen relatively quickly (AGC in 9 years). I work hard and get a lot of complicated deals done (structured products and private funds). I can’t shake certain people (in compliance department mainly) thinking I don’t have enough experience to do what I do because I didn’t come from a law firm. Any advice?

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When I moved in-house a year ago as a BigLaw mid-level, I took a 45% pay cut, far more than I was comfortable with (although I was fine with a 20-30% cut). I took the job because it was a great role and I was focused on making the jump in house and developing the skills I wanted, which required me moving away from my firm practice area. Now that my year-end review is coming up, how do I ask my company for a significant pay raise (not just a 2-5% inflation-matching raise)?

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Now that Facebook is Meta, I thought I’d just pitch MANGA as the new FAANG…

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likesmart

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Have any one used a resume coach or service for in house job search, particularly for IP and product counsel positions? If so, how did you find a good one? Thanks!

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I’m entering salary negotiations at a Fortune 500 company and am looking for trustworthy resources for salary data that I can share with the company if they ask where I got my numbers. I know Glassdoor, but what else?

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Considering joining a small 50-person company as the only attorney (prior attorney is retiring). (I am currently in-house at a F50). For others who have done the same path, what surprises did you have when moving from a large company to a small one?

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Any advice on things to expect (or not expect)?

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What is the in-house interview timeline these days?

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How do you diligence a potential employer besides basic searches? Early stage Silicon Valley biotech company with a handful of public articles confirming its latest funding round.

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How does your company manage (track) all of the documents related to a merger you are working on? Are you using a matter management software, a spreadsheet, shared file, etc? Keeping up with the moving pieces is killing me with just a spreadsheet.

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About to do my first interview for an in house job (coming from a midsize firm).
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What are some good questions to ask?

like

Considering a move in-house to NBC Universal in any litigation role (though I’d really go to wherever there is a need, whether litigation or business affairs generally). Coming from 4th year law firm litigation experience in a variety of areas but mostly data breach, e-discovery, breach of K. Do I apply with an employee referral or via LinkedIn recruiter that reached out? Alternatively, if anyone has experience applying/at NBCU, I’d so appreciate general advice :) TIA.

likehelpful

How recession-proof are in house roles in finance (e.g., hedge funds, PE firms, etc.), especially when newly lateraling from Big Law?

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