What is a good a pint of time to wait after starting a new role to ask for a raise? Got hired on as a senior associate but found that I am being paid 15k less than other people with similar experience in prior years. I was going to wait until a review in 6 months but that seems way too long. Is it worth asking my boss as least?

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Review is the right time. Others simply negotiated better than you. So you cannot claim more money based on what others did, and you found out.

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Thanks!

Although it’s always nice to know what others are making, it doesn’t really help you once you’re in the role. I need a raise because Billy Bob over there and I have similar backgrounds but he makes more than I do - that isn’t what makes people want to give you a raise. Looks like others did a better job negotiating - or they have something you don’t and you just don’t realize it.

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Makes sense, thanks!

It ain’t like that in consulting fam. You agreed to your value when you took the offer. Typical band structures will bring peers together in pay quickly though, and you’ll likely see larger raises. That said, go perform better, get the top rating in your group and secure that bag up for grabs. Better yet - get promoted asap and get into that next pay band. If you’re saying SAs at your firm were paid more base in 2022/3 for example, well that might be a reflection of the tough job market now. They (and mostly everyone) were in higher demand with less supply of qualified applicants at that point and likely got a premium offer compared to you and most applicants are seeing today. Billy Bob over there may have even received a 30/40k signing bonus for being in the right place at the right time when pipelines were frothy.

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Appreciate it

The best time is when you have another offer in hand.

Thanks though!

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