| Topic Name: |
Promotion and Salary Questions |
| Message Name: |
Thanks |
| Date Posted: |
02/28/2006 |
| In Reply To: |
answers depending on group, specialty & office. Here's what I understand from my experience. Note this is a HUGE Firm and experienced hires are often way off the standard curve.
New Hire to Senior: "solid performer" is a tough term; it's relative to everyone you're up against at the same level. Slightly above average to above average - 2 years. Truly, purely, average - 3 years; any longer, you're in the wrong business.
New Hire to Manager: 4-5 years (at the outside, these days, 6 if you're going to make it at all). If you start as a new hire and aren't a manager in 5 years you might want to seek employment elsewhere.
All promotions for all grades are annual and are announced in July-Aug (Partner announcements usually a bit earlier), raises occur in Sept. Note they've been tinkering with the timelines lately but those are only a difference in when the announcements & increases occur, all promotions and raises are annual only.
Salaries only for an average office (signing & other bonuses vary):
New College Hire: $47-52K
Staff (1-3 yrs. exp): $50-60K
Senior (2-5 yrs. exp): $55-70K
Manager (5 yrs. exp): $65-85K
Also, there are "bands" - not published, and not gospel - that exist for these staff levels and from what I understand, the top "band" for a staff is around high $60's, and the top "band" for seniors is roughly high $70s.
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| Message: |
I realize the variables are virtually infinite, but that's exactly what I was looking for. Thanks.
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