#SalaryRaise #YearlyBonus #CompensationPackage
Are you curious about what your raise and bonus might look like this year? 🤑💸 With the end of the year approaching, many employees are eagerly waiting to hear about their salary adjustments and bonuses. Whether you work at a small community bank like a commercial credit analyst or in a different industry, it’s always exciting to see how your hard work has been recognized.
Let’s take a closer look at raises and bonuses, what factors may impact them, and some examples to give you a better idea of what to expect this year.
##Factors Influencing Raises and Bonuses
When it comes to determining your raise and bonus, several factors come into play. Here are some key elements that can influence the compensation package you receive:
###Performance Metrics
– Meeting or exceeding performance targets
– Demonstrating exceptional skills and dedication
– Receiving positive feedback from clients or colleagues
###Company Performance
– Overall profitability and growth
– Industry trends and competition
– Financial stability and future outlook
###Market Conditions
– Inflation rates and cost of living adjustments
– Compensation trends in your industry
– Hiring and retention strategies of other companies
##Calculating Your Raise and Bonus
Calculating your raise and bonus can be a bit of a mystery, but understanding how they are typically structured can give you some insight. Here’s a general breakdown of how raises and bonuses are often determined:
###Raise
– Percentage increase based on performance and market conditions
– Typically ranges from 2-5% for average performers
– High performers may receive raises above 5%
###Bonus
– Fixed amount or percentage of salary
– Based on individual and company performance
– Common bonus structures include profit-sharing, performance-based, and discretionary bonuses
##Real-life Examples
To give you a better idea of what your raise and bonus might look like this year, let’s look at some real-life examples shared by professionals in different industries:
###Commercial Credit Analyst
– Role: Commercial credit analyst at a smaller community bank
– Raise: 2.9%
– Bonus: $3,000
###Software Engineer
– Role: Software engineer at a tech startup
– Raise: 5.5%
– Bonus: 10% of annual salary
###Marketing Manager
– Role: Marketing manager at a retail company
– Raise: 4%
– Bonus: Profit-sharing bonus of 5% of company profits
##Key Takeaways
As you eagerly await news of your raise and bonus this year, here are some key takeaways to keep in mind:
– Understand the factors influencing your compensation package
– Stay informed about industry trends and market conditions
– Advocate for yourself and showcase your achievements
– Be prepared for variations in raises and bonuses based on performance
In conclusion, the anticipation of receiving your raise and bonus can be both exciting and nerve-wracking. By understanding how raises and bonuses are typically determined, you can better prepare for what to expect this year. Remember, your hard work and dedication deserve to be recognized and rewarded. Good luck! 💪🎉
Now, we’d love to hear from you! What was your raise and bonus this year? Share your experience in the comments below. And if you found this article helpful, don’t forget to share it with your colleagues and friends. Happy salary season! 🌟
2% raise, ~500k bonus. Different industry
Risk analyst (Super Regional Bank) – HCOL
Raise – 1.9%
Bonus – $8k (6% of base)
Job hopping to start next month for a $30k increase
0% raise, $25k bonus. HCOL city
Sell side research
5% raise. $325k bonus.
0% raise, $15k bonus
5% raise. $22k stub bonus (would’ve been $30k FY)
I got a 6% raise and $15,000 bonus. I work in a HCOL city, back office.
3% raise, 8k bonus in valuations for a large bank
8.3% but I also make overtime so the effective increase ~10%. 8k bonus. Back office IB.
12% raise, 50% of base bonus.
6.5% raise and 20K bonus
Treasury analyst (I handle our ALM) at a big regional LCOL area credit union. 4% raise, don’t get a bonus
Corp finance sr financial analyst, 3% raise, 75% of my 10% target for bonus. I suck.
110000->115000
7500 bonus.
I got an “exceeds expectations” on my review, but was met with “it is a down year, so this is the best we can do”
Raise was also 2.9% and bonus was $4.5k after taxes. I work as a reporting analyst at a large bank.
~10% raise, $6k bonus. FP&A
3% raise, ~14k bonus
3.4% raise, $17k bonus (12% of base)
FP&A at an insurance company.
0% raise. 190k bonus. Private credit. My life is hell.
11% raise , 16 k bonus
These Bonuses are wild
20% raise, $30k bonus – M&A consulting
Prorated bonus as I started in June and not all VC funding was met. 2%bonus ($1,500), 1.3% raise
0% raise, $140k bonus, VHCOL city
No raise. $2k bonus. I started 6 months ago so surprised I got anything to begin with. LCOL
17% raise, 200% base as bonus, trading, associate level at BB
5% raise, $15k bonus. Corporate credit analyst.
My bonus is a pat in the back and a hand shake🤝
Raise – 11.6% No bonus structure
Financial Analyst in GovCon
Raise 3.5% bonus 8k (10% of base)
8.5% bonus + 8% raise on PM side at PWM
But moved from a high pressure environment at a boutique asset manager to a PWM shop on PM side, so moved from 20-30% bonus target w/ random raises to 10% bonus cap and CPI + 2-4% annual raise. Ended up working just as many hours for less overall comp, so not happy about that. Getting close to telling management to eat a dick and job hopping at this rate.
Top 20 size bank, commercial credit side with a middle market type of group. Southern California.
Bonus was $28k (20.5%), 2.5% raise. Another $12k collected related to different long term incentive bonuses.
Typically hoping for 25%+ bonus and 3%+ raise. We’ve had some good bonus years in the past but raises are consistently stingy.
It was a down year for us just like most banks, but our group did pretty well compared to internal peers (we get boosted by exposure to a niche high growth industry out here).
3% raise, $97k bonus
Work in Loan Review with prior executive experience. 2.5% raise and 10% bonus. No overtime. Life is good.
Investment Analyst
17% raise. Bonus was 8% of new salary.
Raise ~30%. Bonus ~60k. Had a retiree in the office, took over his work, used that as leverage for raise.
I cant even get a job lol
$122000–>$123500
$5500 bonus, average for the department was $15k
Was “exceeds expectations” but was told it was a down year and I’m at the top of my salary band, even though bonus is discretionary.
The “does not meets” guy got $14k bonus so…
Guess who’s looking outside.
Also told to “keep my head down as a promotion is coming my way in 2025..” with most likely no pay increase…
Operations Finance at large REIT. Promotion from Senior Analyst to Manager. Raise $10k (9%), Cash bonus $16k, and $15k in stock vesting over a 3 yr period.
Had a size-able raise and bonus in PY too ($15k and 15k, respectively) which explains the semi-small promotion comp increase.
0 and 0
No raise and not bonus eligible
25% raise with promotion, $80k bonus
IB VP. MCOL.
No real raise.
$425k bonus before taxes.
0% Raise, 750 bonus real estate analyst MCOL
Raise – 2.5%, bonus $12k (13.5%). PM at small community bank