Mantis

Am I at a right place

I get ₹52k a month in Mumbai at a boutique IB firm and this is my first job, it’s been 7 months since I started working at this firm. And 3 out of 5 days are usually stretched to 10-12 hrs. Due to this I feel like I’m under paid. I am B.Tech grad and have cleared 2 levels of CFA exam.

16mo ago

President_Trump

Stealth16mo

It looks like every 2nd person is underpaid here irrespective of whatever they are earning.. and btw I'm one of them😅

Mantis

Stealth16mo

I didn’t feel this way in the beginning but since then I’ve been assigned to multiple projects and workload has increased significantly.

AITookMyJob

Startup16mo

That seems to be seriously underpaid compared to what I've heard from a few analysts at Indian IB firms.

TinyBoxers

Stealth16mo

Was at a similar place 8 years back (2nd job). Switching to buy side (VC) + eyeing for promotions solved the salary to some extent.

If you want to stick to buy/sell side, the quality and depth of your knowledge/deals will be crucial to crack interviews. In some cases, your college will be the deciding factor to get an interview.

Mimieux

Flipkart16mo

You mentioned its a boutique, What is the firm size? If it's an issue about the firm i. e., everyone at your level is getting paid similar amounts there's little you can do. Sometimes, it's an MBA thing (you're best able to verify) and they don't see the need to go beyond lower limit pay in the market.

Mantis

Stealth16mo

"Approximately 80 employees work at the firm, and based on my experience, I believe there is an issue with compensation. My colleagues are at the same level, with some earning slightly more and others earning slightly less. I think the only way to get a substantial salary increase is by switching jobs."

Mimieux

Flipkart16mo

you're probably right. In any case, the additional work you do and hours you put in should help you justify value add in any other organisation, although irrespective of contribution some banks/firms set pay scale based on degrees you hold!