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Just got my raise, and review...
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Agreed... this thread has been very useful to me..
I still feel like I deserved more than a 5% raise... however, I have no intentions of quitting... IMHO 5% is the ok you were great, but we're stingy bastards so here's all we can give you raise. I'm not willing to give up on the 10% a year thing just yet... I just have to be smarter.
I spoke to one of my friends who also works for the same company, and he only got 3%. Seems like everyone got a crappy raise this year. With the exception of 5-6 overachievers.
so I bought some GMAT books, am going to take the test ASAP, and get my butt back into school for my MBA.
-Max
Michael
Elite member
"Umm wrong...public accounting pays like 15-20% a year raise every year. Investment banking pays like 30% every year at least with no cap when you read MD level. "
That's not a valid comparison for raises. Both those industries are up or out with you basically getting a promotion every year. If you make it 12 - 14 years, you have a good shot at partner in a CPA firm.
Same thing for investment banking. If you can make the cut every year, you get a promotion and a raise. More and more fail to make the cut.
----
Not 100% certain why z0mb13 thinks that Pleasanton is super cheap. Cheaper than a few areas a little closer to San Jose and Santa Clara, but it certainly isn't inexpensive to live in. That's where my house is (I live in Singapore right now).
Getting a 10% raise every year on average isn't a horrible goal. Chance are you'll top out at some point and it will not happen, but why not try for it. a 5% raise with no promotion actually is decent.
Michael
(hmm, I should calculate my average - been working almsot exactly 20 years but I haven't topped out yet and been lucky and successful so far in my career so I may be an exception)
That's not a valid comparison for raises. Both those industries are up or out with you basically getting a promotion every year. If you make it 12 - 14 years, you have a good shot at partner in a CPA firm.
Same thing for investment banking. If you can make the cut every year, you get a promotion and a raise. More and more fail to make the cut.
----
Not 100% certain why z0mb13 thinks that Pleasanton is super cheap. Cheaper than a few areas a little closer to San Jose and Santa Clara, but it certainly isn't inexpensive to live in. That's where my house is (I live in Singapore right now).
Getting a 10% raise every year on average isn't a horrible goal. Chance are you'll top out at some point and it will not happen, but why not try for it. a 5% raise with no promotion actually is decent.
Michael
(hmm, I should calculate my average - been working almsot exactly 20 years but I haven't topped out yet and been lucky and successful so far in my career so I may be an exception)
cKGunslinger
Lifer
I just got a promotion and 10.5% raise. My manager says he's never seen a raise percentage that large, but that he fully supports it (raises start at the managers' evaluation, then go through a review panel and ranking system with upper management.) :beer: and 
for me!
Check out my "HDTV thread" - I'm splurging already!
for me!Check out my "HDTV thread" - I'm splurging already!
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