I’ve interviewed for several positions AVP and VP roles since October of ‘21 internally with Citi. Didn’t take any of them because it would have been only $8k - $11k salary bumps. For double or even triple the work. So I’m leaving to go from $70k to $235k in September at a competing firm for a VP level role. The moral of the story: hop if you need to. No reason to stick around for low pay and not being compensated fairly by the company that expects “loyalty” from you.

likeupliftinghelpfulsmart
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Good for you, OP! Congrats! 🎊

likehelpfulfunny

Help in terms of how much a position is worth so you’re not getting low balled.

Congrats! That’s a major pay increase. Were you already at a senior level in your FA role ?? And how long have you had your MBA? I got accepted in the MBA program at a great school but I don’t feel too certain anymore until I find another job that’s sees my worth.

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Unbelievable HBS MBA graduate under 80k! Blows my mind

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Let me get this straight OP. You have an MBA from HBS and were only making $70k at Citi?? Something is off

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I'm in the Southern California region

Wonder if they lowball you on internal offers compared to hiring external

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I had an offer from Citi for VP 150k Dallas

Congratulations!! What is the name of ur new job title and do u have a MBA?

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Good plan tbh

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Has anyone ever asked you about GPA? I have never been asked for BA or MBA.

likefunny

Nope. Just put it on my resume basically.

likefunny

so OP you did your MBA from HBS, have 9 yrs of finance experience, and just turned 30. So that means you graduated from college when you were 19? And were getting paid $70k?

This is a strangest story if its true

likefunny

I'm struggling with the jump from an entry level position to a vp role and a 300% bump in salary...I hope that type of jump can happen but haven't seen it unless someone's daddy was involved. Good for you op...sorry for doubting.

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Well my daddy is dead so that’s not the case. Thanks for the kinda backhanded atta boy? 😂

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That’s a significant jump in title and salary, not a normal jump in our field (finance) but depends on the company and what they’re looking for. Good for you and congrats!

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You’re the RJ / JPM guy, going from Analyst to VP and tripling your salary - are you front office, tech or something else? Would appreciate deets without doxxing yourself too much

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People at the job you are leaving were upset? That’s pretty normal when loosing good talent. … Thank for sharing so much info.

HBS MBA and 9 YOE for $235k? Even that sounds low tbh

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You went from analyst to vp? Is this ny?

Nope

Curious - what was the salary range for the vp role at citi?

Internal it’s basically only like $15k more MAX what you’re currently making. Outside of Citi? At least 30% more than what you’re making. I have friends that got double from jumping.

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That’s awesome! Congratulations!!!

We’re you already with citi interviewing internally?

They never do lol. This is almost everywhere

Got an offer for VP Fraud Citi, 110k, I tried to negotiate to 120k, now they told me that they rather give me an AVP for even less money…….

Run.

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Congratulations

Exactly. I find that so true that firms will not want to compensate you internally but will hire externally and pay. What a sham especially since you have been loyal and that is why I myself has decided to look external and live current firm after 20 years. Congratulations

CONGRATS! I'm super jealous. I was just declined after final rounds at BlackRock. Very similar situation - currently AO/Sr. Associate level with ~$125k TC, BR job was VP level with $250k TC - FOR THE EXACT SAME WORK I DO NOW. Literally the same job.

Some firms just manage down and are designed to use ppl.

Amen. Profits up here, again and pay rises are negligible. Get asked to ‘trust’ they will look after you. Only YOU will look after you!

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