My partner has, for the last 3 years, been the co-head of a business unit within an investment bank. Six months ago, the role of sole head of the business unit was advertised, interviews took place and after a lengthy process, the decision has been made to appointed my partner as the head, but no change the job grade! The reasons given are so that my partner may further upskill stakeholder management skills. Review in grading and salary in 6 months more. Is this reasonable?

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Posting as :
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Sure sounds reasonable

funnysmart

6 months more…so around february? When most of the street collects their year-end bonus / promotions often announced? Yeah not an issue at all

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Investment banks follow a promotion/comp schedule. So if the new role was given out of review/comp season, this makes sense.

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Does he know how much the other co-head makes?

It sounds like your partner is about to get a big ole promo in 6 months! I definitely think this is reasonable and is in line with the promo/bonus schedules i've seen

This sounds reasonable to me. I think the role was given specifically for review purposes. And investment banks follow certain timeline for promotion.

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