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Bowl Leader
Anyone here who left fed job and regretted it?
Bowl Leader
Additional Posts in EAs / Executive Assistants
How’s everyone holding up?
Mentor
Coach
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With no prior managerial experience that’s a good salary offer.
Oh yes, I have about 5 years managerial experience.
Can you add a timeline to revisit compensation after x months, once you’ve had a chance to be hands-on? As we all know, reality rarely matches job descriptions. Good luck! Let us know how things work out with you.
Mentor
I suppose it depends on how much you will have to do with your direct reports. When I was managing others, it was surprisingly limited. I was involved with the hiring process, performance reviews, and a general weekly touch point with the full group, and one-on-one as needed for the rest. But with a team that 2/3 had been there longer than I had, they were fantastic and didn't need too much one on one time. The new people, a little bit. I would say overall it added maybe 2 hours of work on average with a lot more during performance review times which could be very difficult while supporting others.
But even with all that, I was pulling overtime, and not getting the overtime pay as being an exempt employee. I ended up stepping back from a leadership position because they would not give me a raise to compensate for all of the extra time I had to put in. So I totally understand where you could be questioning the salary, especially when you factor in any extra time you have to spend because juggling multiple jobs can be difficult. For me, I would have loved the salary you were mentioning although I only had seven direct reports. I was only making $125K base for what I had, and again no overtime.
I think that’s a very solid salary. What’s your magic number?
How big is this firm, and how many EAs will you be managing ?
Wait, I want to understand you’re going to be supporting an executive as well as managing 21 direct reports? That’s gonna be interesting.
Seems very generous to me. Depends on the work, of course. I’m assuming those 21 people have autonomy in their work and need little managing. The EA managers where I work mostly just do annual performance reviews. I’d quit my job if I found out they were making that kind of money
I think that’s a pretty good generous amount. But then again I don’t know your résumé or history. If you’re expecting more, you may be left in the dust because I’m sure there are plenty of people that will take that salary offer.
Max pay at $180k. With previous management experience, in the Fin industry and in NYC, that’s low, really low.
An Experienced EA in the right industry can pull down $170-225k by supporting the C-Staff level with no direct reports.
Good luck!