Avp 105k base and expecting a 10k bonus
Avp 105k base and expecting a 10k bonus
Left 5 years ago after ~12 years, VP at $175k base and ~$50-60k bonus. Left for better culture about a 40% increase in base, and 60% increase in total comp.
@Post ID: @vgij+1kmNinv5
Yes as a former worker who was forced to do the work of 3 people due to deep cuts in
my section. My morale and the morale of my fellow workers went way down.
People no longer were happy as they once were.
I remember foolishly saying to my Mgr no offense but you think Senior mgmt would be smart enough to give the remaining workers a decent raise due to the increase workload to boost their morale.
His response " Its all about the cost cutting not worker morale "
Company sucks the life out of its employees. I would not recommend this place.
White men not welcome. I heard the message loud and clear. I’m a long time white male employee. What do I do? No raise, lower bonus . Multiple years in a row. I’ve invested a lot into this company and I am being shown I have little value but given more and more work. Afraid that is the new environment in finance and am afraid to jump. Am I wrong? Is there anyplace that still values good work regardless of race? Serious question.
State street Corp, SSGM & SSGA are engaging in reverse discrimination. White men in particular. Denied raises, much higher bonus cuts related to non white peers, denied promotions.
A1= 34K in 2016
A2= 43k in 2017
Senior Associate= 56k in 2018
Officer= 68k in 2020 and then most recently before leaving was 73k
VP $160k bonus 25k. 17 years with them. Started as vp at $145. Anemic raises. Many consecutive years with zero raise. Only the bonus has appreciated but goes down more than up making some years where I made less than the prior. Same story as many others. Something has got to change in HR. Also, no control from managers over teams raise/bonus. All dictated from the EVP. Have to tell great people who work hard every year “sorry. It was out of my hands”. The workday training to make salary/bonus recommendations for increases is a big fat joke. My boss laughed when I asked her about it and said “it doesn’t work that way in our group. Don’t fill that out.” Also, big push to marginalize white men into quitting if they aren’t outright laid off. Will be first in line for consideration for chopping. White women are next in line. 85% Indian men in my group. A couple of white men. Only ones to get a huge 20% cut in bonus and zero raise this year though. Indian men got the (small) increases both in bonus and raise. All worked equally hard. Message: they want the white men to leave. Seriously. There are diversity numbers they want that will earn them awards. White women are just a half step behind. Fill out your identity info they keep asking for only put something else if you are white. Say you are g-y or non binary. They want to have some stats to say they are boosting the underrepresented. Place is seriously woke now.
Hard workers are not rewarded with raises and promotions. Instead hard workers are rewarded with even more work that used to be perform by 4-5 people that were laid off. Leaders avoid acknowledging employees of doing extra work because it would cause an uproar on why we’re not being compensated in the form of bonuses, raises, and promotions. The biggest slap is while we’re working hard, the company is determining when to lay us off and send our job overseas.
AVP 105K now. NO raise 5 years in a row. Only making this because they seemed to make adjusted to pays across the board last year. I was very underpaid...before this year. Only now seem to be at pay of 5 years ago based on inflation which is something we are all dealing with regardless of your pay range.
VP Cyber €135k, 30% bonus, 7% payrise
VP in Legal. Base = $220k, bonus $36k. Was there 4 years. This was back in 2016, I’ve since left for another job.
AVP in JAB. $95k base and 10% bonus last year.
On a good year 10% bonus max. Normally 6%. Bonus isn’t they problem. Company doesn’t do annual salary adjustments. Same pay as day 1 as day
Raises really? What a joke!
You won't get 10k as the bonus.
2 New AVPs in my BU both started above 100. Both lateral moves too. 100 is the new going rate for AVPs.
Still waiting to hear on bonuses, but last year I was a VP making 110 and I got a 12K bonus due to an above average score in my review.
The only realistic post so far, although I think the bonus expectation is a little on the high side. There is simply no way an AVP at the State Street I know is making anything like the amounts people here are posting.
North Quincy, Officer in the back office- $72K, expecting bonus $3-5K.
These posts mentioning 258K and 325K for AVP are from people who don't work at State Street, so they should not be taken with any seriousness. They most likely got it from these useless job websites that post cr-p.
State Street AVP $258k. Range $168k - $408k. $10k bonus should be much higher.
AVP 325k base. The average avp makes around 200k, much more if you're in NY. You need to seriously reexamine your situation and consider whether the Peter Principle is applicable. There's no way you should be paid that if you're making it rain.