Just got this recruiter email. Struggling small businesses like Morgan Stanley can't afford to pay more than $30/hour with no benefits in NYC

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Posting as :
works at
You are currently posting as works at

Paying $30/hr and they want 3-5+ years experience? Lol did HR let an intern make this role up?

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And prefer CPA/CFA.. yeah ok

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This post bothers me more than it should….

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You know comp isn’t about what a company CAN pay, right?

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Read the description. That’s a contract-to-hire posting. Contractors typically aren’t provided benefits. That’s why you see Big4 senior contractors making $125 an hour.

This is also for Morgan Stanley FM. They are typically based in HCOL metros. $60k a year for 5 years experience preferably with a CPA?

But go ahead and ask if they subsidize 75% of rent, 50% of all meals and a fully paid childcare including pick up and drop off.

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If nobody is interested at that price, they will raise the price.

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Lol

I think it’s because it is a contract role. Morgan might have offered more per hour to the recruiter to fill that role and then the recruiter decides how much they want to fess out!

If no one bites at $30 an hour they will go the H1-B route to hire overseas for dirt cheap. It's a job offer in poor faith.

Ehh H-1Bs are a lot harder to get than most would have you believe. It’s not an easy process and is capped across the US.

This is not the industry that most of them go to.

Edited to add: cap is 85k, inclusive of the 20k masters grads. Last year Amazon (6k), infosys (5k), wipro (2k), cognizant (1.5k), google (1.5k), ibm (1.5k), HCL (1.25k), and Microsoft (1.25k) constituted 25% of all approvals. Notice a trend?

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