Here is mine with Fix Comp + Var Comp + Free company shares (starting in 2023, pledge for 3y.) :
2018: 165k + 35k (EUR)
2019: 185k + 40k (EUR)
2020: 225k + 45k (CHF)
2021: 230k + 50k (CHF)
2022: 235k + 55k (CHF)
2023: 250k + 65k + 80k (CHF)
2024: 280k + 100k + 110k (CHF)
in which sector your working? whats your role?
whats your job role if i may ask?
Executive role, Among top 1% of a multi-national company, industry sector
Was it always the same job, or was there a change? Just wondering why free company shares started appearing in 2023.
No, some job changes / role evolution leading to eligibility to an incentive plan for top mgmt
I’m currently negotiating for 235 base + 150 stocks, would be biggest pay day so far.
can you share your job progress? and since you are in tech what were your roles? and how do you find such kind of offers? do they approach you? are these faang companies?
See Share your salary progression - #438 by MrCheese except that 2023 didn’t go that well (ended up at 258k), startup couldn’t raise Series A and laid me and 6 others off last year. Now Head of IT/Security at a swiss startup but got a offer on table for Head of Security in crypto world again for 235k base plus 0.5% which I took to current company and they might match it. We’ll see.
your salary doubled at megacorp :). Whats the evolution of your joblevel there like you started as an engineer and then climbed up the level ladder? I guess its some faang company ^^
L2 to L4 promo at same job ladder
Wow. That is impressive. Makes me feel very inadequate/lazy having not been promoted for years!
This was also middle of the tech salary boom, even without promo people would get fairly significant increases.
(Now they get to not be laid off)
Talked with my line manager about salary this week. As I moved from retail banking to private banking there is an option for increasing it mid-year. He‘ll get back to me on that in a couple of weeks. He also said that I‘m at the lower boundary with 96k base and that the goal would be to increase that to 125-130k base within the next 3-5 years. Though he also noted that the bonuses I got in the past 2-3 years were already on private banking level (25-42k). So I guess I‘ll be on 130k base and 40-50k bonus in 4-5 years. Maybe even come close to 200k total compensation when I turn 40, we‘ll see.
It‘s very motivating for sure. Having a boss who has a clear plan of progressing my salary on a continious basis.
What’s your role and corporate title again?
I was a private clients client advisor for 5 years. My expertise covered basic banking products, retirement products (3a and vested benefit accounts), mortgages and investments through funds and mandates. Now I‘m a client advisor for private banking clients, typically in the 7-figure range.
I still offer everything from above, but more sofisticated. We have retirement/tax/estate specialists, investment specialists, mortgage specialists and more. So I‘m more of a relationship manager or wealth manager and can delegate a lot to spend more time with clients directly. Apart from funds and mandates, I now offer advice on individual stocks and bonds, structured products, FX and OTC products and private equity on top.
I don’t think I’ve ever had a job or boss that set out any salary roadmaps or targets. In fact, most most organisations actively tried to hide salaries (some were paid more than others and it caused a stink when a few people shared salaries and found out and a couple resigned when management refused to bump their salaries to match).
So this is a good thing?
Yes, though I’d look for something more concrete than ‘in 3-5 years’. Show me the money for 2025, 2026 etc.
Well he can‘t do that as there are many factors that play into it. But as he is planning to keep me there for 10+ years, he will probably deliver on his words.