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0 pointsboring_twenties4y ago0 comments

> It's pretty standard in Finance that you're not eligible for a bonus until you have been with the company for a full year for exactly this reason.

I don't think I've ever heard of this? I started at a bank in Q4 and got a pro-rated bonus.

0 comments

Yep. Especially common to negotiate a "make whole" which compensates for whatever equity and annual bonus you're leaving on the table to jump.

And to put it another way, if you're moving jobs in financial services without negotiating a make whole, you're not getting the best deal.

I mean it's like the easiest negotiating position ever, you don't even have to come out and say it.

"I'm very interested, but unfortunately I can't make any moves until February, when I get my bonus. Sucks, but what can you do?"

j / k navigate · click thread line to collapse

Yep. Especially common to negotiate a "make whole" which compensates for whatever equity and annual bonus you're leaving on the table to jump.

And to put it another way, if you're moving jobs in financial services without negotiating a make whole, you're not getting the best deal.

I mean it's like the easiest negotiating position ever, you don't even have to come out and say it.

"I'm very interested, but unfortunately I can't make any moves until February, when I get my bonus. Sucks, but what can you do?"

j / k navigate · click thread line to collapse