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Leave Barclays
35k sound pretty good for a janitor... that's what this is right?
As an analyst you have a long career ahead of you, assuming you are in your early 20s. To not be a discount employee, first stop discounting yourself and call your past to be an unusual route. You will be surprised to see the kind of routes others have taken as you meet more people. Keep your manager(s) happy. Find the right groups and sponsors for future opportunities. Sponsors who carry some weight in HR decisions will be key in all areas. Investment Banking values an MBA somewhat, if you want to try that route in a few years. Finally, try and not share your salary when you interview for your next role, before impressing all the decision makers. Sometimes people judge you based on how much you make, unfortunately.
It's a bad place to be in, but the best way to do this would be to perform exceptionally well within your function, and have some leverage to ask for a raise to be on par with your colleagues, and tell them that it personally bothers you, because you feel undervalued even when you produce high quality work.
Well done on the writing thing. Seems like you a motivated individual. Harness that now to achieve what you want. It's a bit like the recent Keith Lemon ads for Carphone Warehouse - You don't ask you don't get. Keep on asking until you are happy. I don't see why you shouldn't be on 50-60k. Good luck.
BTW don't be put off by telling new employers / recruiters that you are leaving Barclays because you are on below market rate and looking for an opportunity that will pay your worth. Hopefully, your manager will react and remedy the situation before it comes to that
@JPMC perhaps. My worry is that even though I'm already performing well (and my performance review reflects that) for less money what's to stop anyone just saying no? I've been warned that businesses will just lowball with no room for negotiation :(
The UK salaries are a flat out joke. I was asked to move from NYC and they told me the pay package... lots of laughs there. Being paid equivalent to NYC in London. Anyway, the only thing I can tell you is that unless you have other offers or leverage, you're never going to get a pay bump.
There are loads of missing variables here. What part of the business are you in, what is your experience and more importantly what location??
My point here is that if you are an analyst in Ops based in Belfast you are onto a winner.
Only way is to leave to significantly increase... don't doubt your experience or background - you can spin anything
Maybe you're paid a fair amount given your unusual experience? As for the last point, if you can prove you're worth more and the new firm agrees, then who cares what you're making now?
Hmmm that does seem low. How did you get in? Grad scheme or other??
Actually not important, have a chat with your manager and explain you are on below market rate. Their reaction will dictate your next move.
@citi1 I wrote to the CEO at the time and asked for a job. I didn't have any work experience out of my masters so traditional routes into employment involving recruiters or HR or standard applications weren't working out.
I would actually bring it up to HR and see what they say. HR can be helpful with true-ups. Don't think of this as going around your boss, this is what HR is for. But you definitely need to keep up the good work.
The way you got in is irrelevant Barclays. £35 is below market. Easiest way is to get another job offer and use that as leverage. Next best thing is to get the market rate from recruiters and use that research in a conversation with your line manager. If line manager faffs about, go to his manager. If you're indeed all rates in the annual performance review, they will want to keep you on board. Let me know how it goes.
:/ I got into finance through an unusual route, and I'm not sure I'll be able to switch to another bank with my current experience profile; at least not in the direction I want to go. Also, if I go to any other bank I'll still have to tell them what my current salary is and won't they price me accordingly?
are you FO? Salary pay is constant
Middle office risk, London. Others in my team with similar experience have told me that they started higher than I did.