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138k as an ACD in San Francisco - too low?
Would I know if I’m eligible for a bonus?
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After your boss’s (assuming glowing) feedback, chime in with a “Thank you, I appreciate the feedback. Given my work on x,y, & z this year and it’s success, I wanted to discuss if there’s an opportunity for a merit increase”
By quantifying your achievement within the company.
Talk through the capabilities you have gained from recent experience, your progression towards the next level, the difference it has made on key creative and business wins, then summarise how you believe you are delivering value beyond current salary.