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10/21 Thread (General):
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Additional Posts in Salary Negotiations
Citi - SVP Salary Expectations for Tech / Controls
Looking at some SVP roles for technology / controls in the Southwest region. Glassdoor indicates $185-240k as range base comp, and target of $185-205k for average base. Is that accurate?
Glassdoor also targets $40k for variable comp. average. Is that accurate?
Citi
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I'm confused - COL varies across geographies. Paying everyone the same would be unequitable. Imagine the quality of life difference at 80k in SF vs 80k in Columbus OH
Nope - only for Analysts who also start at 75k+
Assuming you are discussing the associates program. You choose where you live, we don’t require you to live in NYC or other HCOL city. There is no business reason to live in NYC other than a few niche career paths at IBM where clients are heavy based in NYC (Financial Services) or other expensive city.
Personal Opinion - living in NYC out of college is one of the most damaging financial decisions you can make out of college. This assumes no parental assistance. The lost time value money of the additional living cost is extraordinary.
Based on respective living costs.
Why would they pay more or less?
Cost of living drives cost of labor.
Well I think most consulting companies pays associates same salary across the country. This is why I assume IBM will do same. Also,since everyone works mostly remote it should matter so much.
Does IBM publish locality pay tables similar to what the fed govt does?
We have a tier city list
IBM pays people the same. Assume 2 people start from undergrad in the same practice and same city. They will get promoted to the same dollar amount. I have found there is no ranking of sorts based on performance like other firms do. Based on empirical evidence from B6 -> B9.
Differentiation at IBM is based on speed of progression not pay per band. If you’re good you’ll promote faster.
IBMers get a lift in certain parts of the country.