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General rule of thumb I’ve always been told is that comp should be about 30% of collections, so if that’s $425k in one year then you should be around $127k for that year. Sounds like you’re not too far off from that all-in. I’d run the numbers on what you reasonably expect to collect next year to get a sense of what kind of raise would be reasonable.
End of year makes more sense. See what they offer, then try to get up to $130K. Maybe theyll knock you down to $125K.