I’m looking at a job offer that includes a sign-on bonus that has a two-year clawback provision if I leave. It’s a lot, but I’ve heard rumors that the turnover at this particular firm is incredibly high due to a toxic culture. I need the money for a down payment, but I’m terrified of being stuck in a miserable environment with no way out. Have any of you ever had to pay back a sign-on bonus, or is it usually negotiable if you leave for another firm?

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

Two years is pretty standard for clawbacks, so that part alone wouldn't scare me. The toxic culture rumors are what would. Can you find anyone on LinkedIn who left that firm recently and ask them directly? People who just left are usually the most honest about what it's actually like. The money is great until you're miserable and doing math on whether you can afford to quit and pay it back.

This is great advice! I hadn’t thought to ask people that just left a company about their experience.

I wouldn't worry that much about the culture automatically being toxic because of this kind of provision. It's becoming pretty industry standard for sign on bonuses. It doesn't automatically mean that the culture isn't good or that they are constantly running people off.

I’ve had a clawback clause when I signed my offer letter as well. I wouldn’t worry too much about it. I know someone that left within 1 year and didn’t have to pay the sign on bonus back

Related Posts

Hi Fishes,
I hold 8 years experience in Wealth management, financial advisory in Banking. My current salary is fixed 9 lpa and variable 10 lap. Currently I am negotiating salary with one of the Big 4 firms. Can anyone tell me how much hike should I quote as fixed and variable ??

like

Deloitte senior manager salary in Singapore?
Base and bonus breakup will be great. Thank you.

like

Current Salary: 13.5lpa
Years of exp: 4+2 (2 yrs post MBA)
Current Role: Assistant Project Manager, IT industry

What salary should I expect/ask for if I decide to switch? I think I am being underpaid right now. Please suggest.

Please also suggest any certification which could help me prepare myself for interviews. I am confused between PMP and CSM. Which one would be better/more suited for IT Project Managers?

Thanks in advance.

like

Any Group Life & Disability Underwriters out there? Wondering what the salary range is for those with 5-10 years experience in the US. In your response could you please include what segment size you work with?

like

I am going to speak with a recruiter at Houlihan Lokey TMT in LA. I would like to know more about the group and its culture. Would love to connect and network🙏

like

VCA Client Consulting Manager salary?

like

Hello Fishes,

Does 
Mphasis have hire and fire policy? How is work life balance? How is the culture?

I have an offer from

Mphasis - 29 LPA
IBM - 24 LPA
Springer Nature - 26 LPA
Emerson - 26 LPA
Godigit Insrance - 28LPA

Please help me out which should I join?

like

Hi fishes,
Can you help me with in hand salary?

Post Photo
like

Got a job offer with a lower base salary but a guaranteed bonus structure that puts me ahead of my current pay at the end of each year. Has anyone moved to a position with a compensation structure like this? Was it hard to adjust when it came to your monthly finances?

like

Typical % salary increase for promotion to senior?

like

What does a new band 4 bonus range look like at Bank of America?

like

Any joining bonus will we get if we join in tata elxsi as experienced?

I’m currently in the process of being converted from contractor to permanent. In my initial conversations I was under the impression that I was in a different pay grade and asked for a salary 25k higher than the max allotted for my position. I feel like it gave the impression that I don’t know what I’m doing. Any suggestion how I can recover from this?

like

When salary will get credited in globant. Is it last working day of month?

Any idea on how much salary can I quote for Associate Business Consultant role in Refinitiv (Software service provider for Asset & Finance Mgmt)?

YOE-1yr

I've a HR discussion today evening. Inputs required please!!

What is the audit senior manager salary in bay area. I am third year senior manager of that help.

like

Received an offer for equity research and IB, both in toronto. ER paying $120k base and my understanding is that bonus can be around 25-30%. IB is paying $105k base but likely higher bonus? Which one would u choose if you think you would be good at both

like

Hi fishes,

Does joining bonus is taxable??

like

Hey fishes,

I got an offer from a company below is the compensation layout. Can you all tell me what will be the in-hand salary per month, will it be 49k?
I can see that EPF for employer is also deducted from my salary so this is not correct based on the EPF Act, is there some other thing which is not correct in the given Annexure?

Thank you!

Post Photo
like

As a DevOps Engineer in NY, what is a reasonable and competitive annual base salary?

likesmart

More Posts

Looking to return to an industry job from consulting. Director and up level. Experienced in Agile, Delivery, People Leadership, Strategy. Corporate world and consulting. Please DM if you can help. Willing to relocate to select states, remain local and work remote. I have a list of solid references and project outcome examples.

Do we think this is what all partners are thinking?

Post Photo
like

I have submitted the documents for LTI..before an formal HR call one lady HR called me and ask for expected CTC..i have one offer in hand and i demand 20% of that offer as fixed..she asked me to negotiate and so i went for 20% of offer as total CTC instead of fixed..she simply said OK thats it..and call ended..will I get positive note from them....?

like

🔥How much Annual hike(%) & bonus (%) bny Mellon technology employee getting every year? BNY Mellon BNY Mellon Corporation BNY Mellon | Pershing

like

Is there any position in Bain looking for a data scientist. I have more than 2 years of experience as a data science consultant and now want to switch to Bain.
Can someone here refer me for the same. Thanks

like

Companies hiring remote, experienced CL account managers with salaries of at least 90k. GO!!!

like

Rishi Sunak has won two rounds of Tories voting. Is there any chance we may still get tax cuts(in other words, he loses the vote)?

like

What’s a reliable crypto broker that some would recommend? I’ve been using Coinbase Pro but I’m worried to keep investing with them because of their non existent customer service and if I might need support I probably won’t get help

like

Hi! Anyone have any idea about online assessment of McKinsey for backend developer?

like

Can anyone please help me to figure out how much is fixed and how much variable?

Post Photo

Buying a house in US while on L1 visa. About to close. Any advices? Any legal thingys I might not know?
Buying very modestly, so fortunate enough to buy without a mortgage if it matters
Thank you!!!

likehelpfulfunny
like

Can someone tell me if a HRBP III is more senior level than a HRBP I? I’ve never really dealt with those titles so I am a little confused!

like

I'm looking for a referral in SAP for NodeJs role. DM me if you could help. Thanks in advance.

Have an offer from AWS for an L7 Principal PMT role: $215k base + $275k sign on bonus for Year 1 and $215k for year 2 + 5100 RSUs (@ $130 / share). This is the initial offer; where is there room for negotiation? Base or Sign on Bonus or RSUs? I realize it's a good offer, but I'm looking for: $225k base + existing sign on + 5500 RSUs. Does that sound like a decent counter?

like

Hello Fishes, I've joined IBM last year( Oct 2021). Am I eligible for hike this year? If yes how much % can I expect? YOE - 4.2 years & pmr ratio - 1.12 band - 6B

like

Going to South Africa and want to go on safari for 3 or 4 nights. What parks would you recommend? Has anyone been to Kruger? Is it worth it? Where did you stay? Some hotels are thousands per night.

Hi! I had no idea this bowl existed until an Account Director at work told me about it today!!! I always thought I was the only sober one in this industry! Im so glad that there are more of you. 😅💓

like

Anyone have any good contacts at ARC? I’ve been trying to get in with no response ( account management)

like

Additional Posts in Salaries in Finance

Is anybody here a notary? And how much are you making from that? Is it a potential side-hustle?

like

User experience mgr salary? I support six product teams and eight reports. 20+ years experience

Does anybody know what the typical salary range is and total comp for someone starting out as an internal or external wholesaler? If you are one of these, can you share about your experience in terms of whether you liked it or not, work life balance, travel, etc?

like

Curious what’s a fair salary in MA? Was just told that there is likely not going to be a chance for a raise during my upcoming performance review due to my salary already being “above average for the industry” based on my employer’s questionable research. I’ve been with the company 8.5 years & am the only one in my role, which they can’t operate without. I execute tasks from two investment advisors and two financial planners - they make the decisions of what should happen & I make it happen.

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