What's a reasonable expectation for salary increase (percentage) accompanying a promotion to SM? Heard an awful rumor that firm policy prohibits increase more than 7% because comp is meant to be primarily bonus-based at SM level.

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Not true just got it. Forget the increase amount but it was in the mid20%s. Might be a 7% raise for promo PLUS an annual performances based raise? So like 7+15=22%?

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