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Wanted to highlight Prudential Financial’s hiring practices. They rescinded my offer once I attempted to negotiate the salary. The official reason given was that I didn’t “sound excited enough”.
They then admittedly gave the offer to someone who was less qualified. There were other red flags throughout the job offer process that the HR team should overall be ashamed of.
Any position open for M. Pharm graduates?
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How many days in a week are you visiting office?
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Idk but thats basically exactly what I dream of when I daydream of IHC life in my Biglaw office.
Pro
The intangibles sound awesome and similar to me, but with your yoe, the comp seems a bit on the low end esp if you're in hcol area. That being said, if the comp you have isn't a deal breaker for you, I consider those other intangibles significant boons to your daily life. The way I think about myself in my own position (because I feel I'm a bit under compensated as well) is that there's a whole lot of room to go down in the boss/team/company culture experience and remoteness of work, and that impacts how I feel about myself and my work day to day - so I become relatively content with the set up. But that's just me
Chief
Same. I know I could make more if I left and found higher level position (I am blocked at my current job unless my boss ever leaves or retires). But I am basically remote, job is easy, good team, good company, I have plenty of free time, so I tend to not want to upset my life for maybe 50k more after tax dollars.
Just adding my info as a data point in case it's helpful. 2020 law grad, in-house doing L&E at a manufacturing company, $200k base with 20% bonus, and I live in Dallas. I work 9-5 and almost never work weekends.
For your YOE, I would think you could get higher comp. Although, I feel like fully remote positions are hard to find. It doesnt hurt to take a look at other places, though.
Same. I’m also a 2020 grad. I’m just going to say that I’m in Atlanta because I don’t know if that’s considered a low or middle cost of living city anymore. I’m in-house as kind of a generalist for a service line. I work 9-5 (or less). I’ve never worked during the weekend, and I’m in the office twice a week, but the legal team is only in for a few hours. My base is $205k with a 20% bonus.
Fully remote jobs are hard to come by now, so I think it really depends on how much you value that and what the options are in your area. I’m a 2021 grad, previously NYC big law and now IHC making $180K, 25% bonus, no equity, private company. Similar 9–5, full remote, no evenings or weekends, awesome team and manager. I know I could make way money if I just got an in person/hybrid role in a big city, but being remote lets me travel more and spend a lot of time with family that is in a place with not a lot of jobs doing what I do.
yeah they’d have to pull remote work from my cold, dead hands if i had it
Comp is low, but otherwise it seems like a nice life, especially LCOL. I’d consider moving again but not in an emergent way. I think you’ll end up stalling career wise if you stay too long, but that’s true of any role.
Pro
You’re in a fine spot for your YOE vs time IHC. No equity makes your comp light, but not out of line for 3 YOE IH. If you like the role and are learning, I suggest figuring out your promotion timeline and hitting that mark. If the comp/equity adjustment at promotion doesn’t seem market, start looking around.
Thanks! I’ll be up for promotion next year, but comp increase isn’t clear. Sounds like I should reassess then.
It sounds typical given the context. I would think you make significantly more money only if you: (1) switch to an industry like tech or finance, which might be hard to pull off; (2) take a managerial role somewhere else, which may bring additional stress; or (3) relocate to a higher COL city, which may eat up your salary increase in the process.
Mind you , I’m not saying you’re stuck in a dead end job. I’m just thinking there’s not an obvious, painless path to increasing your comp significantly at this moment.
I think comp is on the lower-mid end for your YOE (obviously depends on location and industry). You can get more but will likely lose remote as more companies are requiring attendance, and from my experience, in person time goes hand in hand with promos and higher pay for many companies. If you are happy with where you are (except for comp) and want to keep remote status, I’d stay put at least until your promotion. I think you are in a good spot to be a bit more selective with your next job (hopefully remote and higher pay/title).
For reference, I’m 7YOE, hybrid (3x a week) in HCOL, 330k TC. I’d take something slightly lower for fully remote (300k probably).
That would be low for NYC, LA, SF, DC, Boston. For LCOL, it’s good.
Seems a bit low for 10 YOE. At the very least, why not just apply to places and see what happens? You can always say no and stay put.
Isn't he 10 total YEO? I'm sorry but that's crazy low, regardless how many are in house. I'm in house now at about half that and I make way, way more.
I feel underpaid now. Same pay with same YOE but HCOL :(
I have a similar comp package and experience, but I’m quite happy because my team is awesome. It’s enough money for me to be happy and still retire early. At this point, more money isn’t worth being unhappy for me. YMMV.