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Rising Star
Daymm. You fancy, huh.
Chief
In an industry (and your agency) freezing salaries and laying off left and right to boost profit margins, your promotion is no small feat. Big congrats on pulling it off, OP. Good luck!
Uhhhh....id ask for at least 300. 275 is the top for GSVP. Sheesh it’s wild how the only way to really make money in this industry is to move around.
Congrats btw!
What're you making now?
They communicated the promotion but didn’t tell you what your new salary would be? Weird.
I would’ve thought an Executive GAD would be $250k minimum, so maybe shoot for $300k+
What was your previous salary?
Depends on the location, but I’d say between $250K-$300K.
Where are you?
The usual, promotion but no salary increase. In NYC. Wondering what would be a fair expectation for an MD salary given the current environment. Thoughts?
Chief
Agencies WANT you nervous about asking for raises. That’s their MO. Yet, leadership keeps making more money. If you’re worth $300K+ then that’s what you should be getting. Don’t undervalue your skills or relationship(s) with the client(s). Use them to your advantage.
$385 if you’re in NY
ECDs make the same or more than most MDs in NYC.
You’ll make less with an internal promotion than if you came in new - they’ll prob try to put you at 275-285 instead of the 300+ others are almost certainly getting.
That being said, please report back because I’m hoping for the same this year!