Offered a Director role at a bank at 150k. Working with PwC for 3 years. Definitely a big step up role wise. But i think the comp isn’t great for Nyc. Thoughts?

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It doesn’t hurt to try, but it’s tricky. Never, ever, give a number. Especially without knowing what level you were being offered. You have already hurt yourself. You could say the role has changed and you want more. And they can change their mind and down-level you too. This is a lesson learned for you. But agree it’s low for NYC. You could try - I did some more thinking about and I feel $180K is more appropriate for this role.

Also, have you done your home work? What’s the range for this particular position at this bank? It’s reasonable to expect you will be paid at least that

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Would agree. I would negotiate for 200K base and stock options if it’s. Director role.

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I worked at a bank, and directors got at least $180K. Some even received $200K+ base and stock options.

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If it’s a bank there will also be deferred comp ie bonus. You must understand what your bonus baseline is, without knowing what the role is, it’s hard to say but I would think director is closer to 300k all in. 150 base feels low at director. That is also a massive jump job level wise from Senior level in consulting.

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I am waiting for them to provide details on bonus+stocks. Thanks

So here’s the thing- I wasn’t expecting a D role so I just asked for 150, they managed to get me a level higher. I’m not sure how can I ask for more now

Especially in NY, never be the one to name a number. There are laws in place, but many word the question to skirt it. The response is always “my expectations are commensurate with the role” or something like that.

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Thank you for your comments everyone- This was my mistake and I see that. I’ll try to make some amends.

3 yrs out of undergrad and exiting to $150+? Woah. I’m doing something wrong with my life

Not undergrad buddy, did my masters

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