Has anyone here made a big jump in career in terms of pay and/or position? 1. Did you have to switch out to another company or was it internal? 2. How long did it take you? 3. Approximate salary jump % and/or position? 4. Is this common in your field?
Yes 1)My next job, due to start Mid August. Top IB. 2)9 months 3)55% jump 4) Not sure.
^Very nice. Do you have a higher position as well?
1.) Got hired by a direct competitor 2.) Not long…a competing investment bank was ramping up their sell-side research in a sector that I was covering 3.) Around 60-80% 4.) Not common, but also not unusual as people do get hired/recruited from one investment bank to another from time to time, especially good coverage sr. analysts or associates
- Switch to another company (always much bigger jump than internal) 2. 6 Months 3. Doubled my salary, went from contract analyst to VP Market Risk Management 4. Not common, but it’s definitely repeatable. You gotta be aggressive, relentless, never complacent.
Ocean Mist Wrote: ------------------------------------------------------- > ^Very nice. Do you have a higher position as well? Yes position is higher than my current title. My current job is the first job out of school, so 55% jump in base for the new job is not too high IMO. I am more excited about the company/people I will be working with.
Been a lurker on AF for quite some time now, and I’m trying to graduate… congrats gauri…I’m still stuck in my first job out of school (been 2 years now) enrolling in an Executive MSF program to see if it helps (although it’s no ivy)
Switched from a data vendor to a hedge fund 40% Base 200% bonus first year 2 months
Mine isn’t as impressive as others, but here you go: 1. Internal 2. 14 Months (Company policy is that you can’t move internally for 12 months) 3. 38% 4. Not sure
percentages are meaningless when talking . You could go from 30k to 60K and call it a 100% jump or from 200 to 300 and it's a 50%. We should talk and not %.
- another BB 2. 6-8 months 3. same job but a 40k bump and buy out of bonus in form of signing bonus 4. in good times, yes
ASSet_MANagement Wrote: ------------------------------------------------------- > percentages are meaningless when talking . \> \> You could go from 30k to 60K and call it a 100% \> jump or from 200 to 300 and it's a 50%. \> \> We should talk and not %. Agreed. I still think 30k to 60k is impressive. It’s hard to jump.
ASSet_MANagement Wrote: ------------------------------------------------------- > We should talk $ and not %. Absolute and relative both have their merits… and if someone keeps jumping 50% a year, that person is going to catch up to someone jumping 15% a year pretty quickly.
justin88 Wrote: > Absolute and relative both have their merits… > and if someone keeps jumping 50% a year, that > person is going to catch up to someone jumping 15% > a year pretty quickly. What sense does this statement make? Ha!
It’s asymptotic analysis. In the long run, the growth rate dominates.
Ha! If a guys jumps 50% in year one, he is already 35% ahead vs. a guys only get a 15% jump in the first year. No need for the long run… S Sorry dude, I am just picking on you on a Friday afternoon. You just need to put in an assumption…
please provide a percentage and total dollar amount to assess the strength of the career jump. AFers bound by honor code not to calculate the base salary with the information given in order to preserve confidentiality
+$500K simply for being myself