Trying to do a little market research. I’m a partner at a corporate boutique focused on tech startups, and we’re recruiting BigLaw refugees. Would the following offer be appealing to you?:
I anticipate receiving a tentative offer from the DOD. I'm trying to figure out what I should negotiate. All of the listed items below at once? Or would it be wiser to be strategic about what elements to try to get first? Any inputs are greatly appreciated.
2. Permanent Change of Station (PCS) Expenses
3. Student Loan Repayment Program (SLRP)
4. Signing Bonus
5. Annual Leave: Rate of Accrual
United States Air Force
United States Navy
United States Army
Offered 8 grand less than interns who were hired on last year...need negotiation advice!
Is it appropriate to bring up that I know the salary amount that was offered there in previous years?
I joined EY last year... I joined at 4.5 ctc .. What salary should I be expecting now as progression.? (ey india)
Got no increment letter yet.
What do people think of World at Work certifications, particularly the CECP? (The exec comp certification)
Are there better options out there?
Why isn't utilization part of your bonus? I get why it doesn't go towards performance...but if I'm charging 100% for the year that means I making the company a lot of money! Hook it up!!
What’s base salary in line with street for first-year analysts (Markets) for PARIS updated after the 2021 raise? I know the standard for London increased from £50k to £75k and was wondering if it is on the same scale
Curious what other underwriters are being paid. We have had a good amount of turn over lately where people are getting 20K plus more, but the people we are hiring to fill those spots are saying we pay “way” more than their previous role. Seems there is a big gap.
What is the appropriate response when a recruiter asks what your salary expectations are? I don’t want to undervalue myself but at the same time I don’t want to over shoot where I believe the position can afford. Additionally there isn’t much information on the posting regarding salary expectations but any feedback is welcomed and appreciated.
Platinion vs BCG benefit structure, overall reputation: Benefits (pay/bonus structure/other unique BCG benefits) similar? What is the general perception of platinion from BCG standpoint ?
Hello. I am a Spring 2022 Masters graduate, possibly aiming for a full time conversion in a retail company that I am doing my internship at. My internship is that of a Data analyst. I also have an MBA and 2.5 years of work experience in Financial analysis (from India). Though I am new to tech, I was doing analysis before.
I was told I might be good for a level 2 position. I am hoping to understand the salary range I need to aim at?
After put the paper, discuss with HR to revise my compensation, when can I expect to receive revise letter in Infosys.Infosys
Signing bonuses for “analyst” level Q!!!
I have 5 years experience and received offer for data analyst role with $110K salary , 10% annual bonus, and $2,000 signing bonus. It is an advisory firm. My team would do data analytics / business intelligence reporting for financial services companies. Based in Denver. Salary + annual bonus is slightly above ($10K or so) glass door / LinkedIn etc estimates. Is the signing bonus fair? Can’t find much research on signing bonuses!
Favorite booties with low or no heel that would be good for walking around airports? Bonus: also comfortable enough to wear walking around cities on a Europe trip
Fellow EY fish - what is the base and total comp expected for an M3 and for SM1 in the working capital team within TAS?
Side q: what’s that team’s reputation around work impact & work life balance?
I have 5 years of Experience as Business Analyst. I have started my stint as a Project Manager. What’s the decent salary I can expect with this experience? Company’s location is in Hyderabad but I work remotely.
Any information regarding salary range is much appreciated!
Thank you in advance!
In Hyderabad what could be a starting salary frm a startup for a penetration testing fresher ?
I recently accepted a job offer for $85,000.The offer letter stated, “your gross semi-monthly salary shall be $3,541.66 which is equivalent to $85,000.00 per annum”.I signed/accepted.Today I received my first pay check and noticed my gross semi-monthly salary was 3,269.23.
I expected 3,541.66 to be the gross as stated in my offer letter.After using a salary calculator I realized that a mistake was made on my offer letter. 3,541.66 is equivalent to 92,068.60/yr. What do I do? I want my $3,541.66
Moving from US to Canada. What salary should I target for M/SM roles at Big 4 and outside? Is 150k CAD reasonable?
Writing a case study, I just want to include a list of SH names for the “business challenges” section 😐
I am holding an offer from Nagarro for Senior Engineer (Android) designation. Would like to know what is typically expected for this role and what kind of projects currently Nagarro is having in native Android tech stack.
When i joined Wipro in band C1 in March i was told consider your variable pay as fixed only. What a joke it turned out to be? Should I start looking for a new job again? Very disappointed with the variable pay zero . It is 15 %
Interviewing at SM level at Big4 in Risk Advisory. Some say that going into the role without consulting experience or a solid network is career suicide.
Should I quit while I am ahead and withdraw prior to the partner interview?
Saw this on Reddit.. 😂
For those that live in Manhattan, what’re you currently paying for rent (and for how many bedrooms, etc.)? Trying to get a sense of the current market because I’m transferring offices from Chicago to NYC. 4th year fwiw
Any consulting firms in Seattle with a financial services practice in Seattle? It seems most firms have their financial services practices based in San Francisco.
Anyone moved from Europe to US with UX research as their specialism? Looking to see how difficult a move might be.
I get so anxious after a long day of drinking. I’m super talkative when I’m drunk and sometimes cannot remember my conversations. I trust myself, but also know I lose my filter sometimes 🥺
I received a call from the HR last week to inform that I've been selected for a role and she will be sending a mail requesting for my documents. I still haven't received that email. My job application is reflecting as "Business Review" on the careers page. Is the hiring process too slow or is it slightly 'fishy'?
Already include pizza and a gin & tonic into my calorie count for this evening, guess I could only have one slice of pizza ☹️(pizza isn’t actually dominos, it’s freshly made at freehold)
Is it a common path to go from UX designer to Product Manager after a few years? I have a tech background and gaining interest in PM after I get tired of design.
Considering getting a Nomos Orion with the display caseback as my first serious watch. Any other good options around this price point I should consider?
Looking for cool illustrators/motion artists or studios to produce an illustration system that would have animation (think IG stickers) I am budgeting and scouting for options and looking for rates and to connect with the right talented folks! Any reccos?✨ Help a sis out
From a different bowl. Basically, I’m getting deep into trailhead. Any advice on if this can help me land a Salesforce role or anyone whose done this path?
Interesting analysis of the Swiss Watch Market in Covid times: https://www.handelszeitung.ch/konjunktur/survival-of-the-fittest-starke-uhren-marken-bewahren-sich-in-der-krise. Only in German but worth translating
Additional Posts in Corporate Transactional Law
Who wants to lead a dedicated M&A practice at a premier global firm’s Boston Office? Incredible opportunity for 8th to 10th year-ish. No book required. Can be a Senior Associate or Jr. Partner. Only top pedigrees from top BigLaw firms qualify. Very fast Equity partnership track. This firm negotiated a third of all VC dollars raised worldwide.
Has anyone volunteered their time with a start-up accelerator? My firm already gives pro Bono hours to work with one non-profit accelerator, and I would like to propose getting that same credit for working with another slightly niche non-profit accelerator (think renewable energy focused). I currently spend ~50% of my time working with startup & VC clients, and would like to grow that area of my practice. I worry about volunteering without a partner or senior associate also involved (4th yr).
Thoughts on active clients adding you on LinkedIn? OK or wait until you’ve left the firm?
What's the biggest difference between a junior associate and mid-senior associate in transaction groups? If a junior wants to grow into a strong junior-senior associate (if we take years out of the equation), what does that junior need to demonstrate?
Looking for suggestions regarding what everyone uses to gain more expertise knowledge on GDPR. I am looking to become an SME on my team!
What’s the best contract drafting software out there? What do GCs use? In particular, is there a software program that contains a treasure trove of contract samples and clauses to browse and a choose from? Something that would work for a client with a global presence, needing contracts up and down the supply chain. Would love to hear about what you all are using and what you love (or hate) about it.
Comp too low if that’s billing 40-45 a week. If WORKING 40-45 and it’s a true 9-5 job, then it’s much more attractive
Yes, we’re talking about total work and a 9-5
75 - 80 percent Cravath and target 25 percent bonus with 40-45 hours of WORK (and not billing will make this attractive). Tech startups and VCs can be pretty stingy so every hour billed takes a lot more out of you than your standard PE M&A.
Think of it this way, you can compete if you make them whole on base bc they would never get the bonus with these hours at Biglaw anyway. Your edge would be the Guarantee that it’s neither expected nor needed so they can relax after hours.
I would strongly consider this under the terms CA 1 proposes. If you’re interested in a 9th year m&a associate from a V5 firm, send me a DM.
Are you really able to effectively respect nights + weekends? Agree with others that comp is low; but if you can promise that I don’t have to look at work post 6:30 pm everyday (with the very very rare exception), it could be worth it. Because otherwise 40-45 hours a week is as bad as (or maybe worse than) any other big law firm. What practice group is this?
A11- Unlike BigLaw partners, we’re not afraid of clients with those delusions taking their business elsewhere.
I took a job with a similar promise (although not remote) and high-tailed it back to big law after 4 months. Billing 40-45 hours a week is actually pretty exhausting regardless and for me was not at all worth the pay cut. If the 40-45 hours/week is inclusive of admin meetings, CLEs, etc. then that’s different.
I will say that full remote is a big plus and if it’s truly free weekends + several weeks off (completely unplugged) that would be a big pull. If you cannot completely stick to that promise, I suspect you would have a hard time retaining a good ex-BL associate. I became resentful when I sensed the partners pushing back when I tried to plan a two-week vacation or billed 35 hrs in a week after spending 5 hours doing other random work things. I am now back in big law and am 10x happier than I was at that firm.
Got it. In that case it is definitely appealing! I plan to phase out of big law in 2-3 years and would consider something like that.
I already bill around 35-40 hrs a week at my market paying BL firm and we offer full remote. Firm advocates for 20 BDs of vacation a year unplugged.
Partners routinely turn down work/clients who are unrealistic and push back. Seen it in action and it works. Business is booming, PPP increases each year, we’re expanding like mad and hiring to meet the demand
Comp is my concern as well. Esp with inflation and student loan repayment looming
There is a material difference between billing 45 hours and working 45 hours especially with startups. I’m not giving up 40% of my salary to bill 5 less hours a week on average.
Sorry I missed like half the previous comments haha. I think you get the point now that most ex-big law folks need that distinction made clear 😅
Is the comp Cravath including their bonus? Or just salary?
Agree with the below, in that case - comp is too low for me to justify a switch. I've still got a few years of debt service and saving that need to be at a higher level, and I've come to terms that biglaw pay is basically the only way to do get that done in a reasonable time frame (senior associate, for reference).
You might want to leave the hours floor a bit lower and then give them a rev share for the remainder. For example 20hrs a week and then anything they do over that give them a rev share. That’ll keep them incentivized and not feeling like they have zero upward mobility. Even if you could, it’s hard to sell that you’d actually guarantee no working any weekends etc because deals happen over weekends and unless they are legit just paper pushing I don’t see how that’d work.
The big law firm I was at offered me part time when I said I was leaving so most associates would consider that over jumping ship to a smaller shop. I think it’s the 40-45 hard hours part that’d scare a lot of folks away.
Ahh. Very interesting. I appreciate that you’re at least thinking outside the box to make things work. I wish I had a concrete answer for you. The market is crazy right now and the talent pool doesn’t really know what they want. So you’re in the unenviable position of needing talent and the talent being thrown money wherever they go and thinking that’s how it’s going to be forever.
If you really want to bridge the gap in a way that is mutually beneficial for each party, I would offer to split the collections on any hours over a certain target. You can stager it as the hours get higher 30/70 for hours 1600-1700, 40/60 for hours 1700-1800, 50/50 for hours 1800 and above. That way there is no expectation, but any grinding above and beyond is incentivized.
This is absolutely on our list 💡
comp is way too low for this to be attractive to 5-8 years at biglaw with requisite experience the bonus is also deal killing. This market is extremely tough
You should also try targeting non-traditional candidates like ex-big law folks who took a little break from the burnout. Maybe a little older crowd but would certainly appreciate the lifestyle & flexibility.
Cravath at what level? 1st year?
Now, through forever
This 60% Cravath scale comp include bonus?
🙌 Thanks to everyone on this thread that provided feedback. We've refreshed our job post based on what we learned. Here are the headlines:
-Base salary at 60% of Cravath scale (seeking 5th years and above)
-Incentive-based bonuses in the target range of $10k-$50k, with the opportunity to go much higher
-Firm commitment to work-life balance. We expect attorneys to work (not bill) about 40-45 hours per week. In our experience, this translates to 20-25 billable hours per week, but we don't want our attorneys focused on billings.
If you're interested in pursuing this, the live post is here: https://angel.co/l/2uWub5