Is it reasonable to ask for a 25% raise when getting promotion to manager? That will take me to the salary I want to be at and get me to stay. I am a high performer (best rating every year) and there has been a lot of turnover here. What info should I come prepared with to support my point? (I.e market research)

likefunny
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Unfortunately your best bet is to have a competing offer and then try to get your firm to match it.

like

25% seems aggressive

likesmart

Yeah market research helps, but it comes down to if they value you at your proposed salary. I came to my partners with market research from my own peers that were making the salary I was asking for and also research talking with recruiters and they didn’t agree with it so I left and got market rate. Unfortunately, majority of the time you make more by switching firms/jobs.

like

You won’t get 25%

like

The only reason you’d get a 25% raise is if you are under market.

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Or if you change companies

Yea I’m a current S3 and didn’t get a raise this year. I have manager friends who told me their starting salary and it’s be a 26% raise from my current salary. So not too aggressive.

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I wonder how you know if you are high performer. You can’t see the results of other people reviews.

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I can guarantee you they compare you to other people in your class

I got 26%

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I think the people who are saying that 25% is too aggressive have Stockholm syndrome or something

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At EY this year it’s 7.5 for everyone getting a promotion. Pre-COVID 25% would have been high, but not unheard of. These days it’s anyone’s guess what promo raises will be.

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It's all relative. Im at midsize and was a senior promo this past year. They offered 12% I requested 20% and got it. I came with market research, comparing $$ not %s at B4. I also did my DD by comparing my utilization to my peers and even those above me. Have never had a poor review either. Luckily I didn't need to get into detail as my OMP and direct partner were very understanding.

I got 55% raise

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