Chris Haroun shows how to negotiate higher pay in finance by using your willingness to leave as leverage. He walks through an example where pushing back turned a $2 million bonus into $5 million, and argues that speaking up matters more than loyalty to your employer.
When selling yourself to get better compensation. If you work in a volatile industry like a hedge fund, once you already plan on leaving, you have nothing to lose when asking for a material increase in salary.
I am so sorry to have doubted you.
What else are you prepared to do?
Your bonus. I was planning to give you 2 million. It just went up to 5
accurate. This is how some people get paid in finance. And I know this episode is a bit dramatic, but don't feel guilty job turnover as you are loyal to your family first. And remember, closed mouths don't get fed.
