Celebrating 10 years! 2007-2017

Can't find salary data for in-house position, any comparable positions to base off of?

I may be moving in-house to a middle market bank in the near bingojackson04/19/17
hesitatingly, I'm gonna day $60-$80k. At a large bank with dingbat04/20/17
That'd be extremely disappointing and less than what I'm cur bingojackson04/20/17
it's been a few years, so my numbers might be out of date, b dingbat04/20/17
The 2017 Robert Half Legal salary guide is out. In my experi eifusdude04/22/17
yeah i've seen it and worked it out, it was giving me a rang bingojackson04/22/17
NYC? I will say $120k if not a little more all in. I think t trollfeeder04/20/17
This is the range I've heard from others, but to be fair I a bingojackson04/20/17
You don't have a lot of leverage or bargaining power with on mrtor04/20/17
I think that's right, but I'm not going into this expecting bingojackson04/20/17
I'd guess 90-105. Most in-house comp is scored by HR, so no scottw04/20/17
Yeah like I said above, I'm not expecting to negotiate, I'm bingojackson04/20/17
Through research I just found out that they're paying a para bingojackson04/23/17
Estimates in this thread seem way too low. trollfeeder is p shouldalearnedmath04/24/17
thanks for the input, I'm hoping you're right. I guess I sho bingojackson04/24/17
figured I'd update this for future reference, the offer came bingojackson05/25/17
bingojackson (Apr 19, 2017 - 10:38 pm)

I may be moving in-house to a middle market bank in the near future. The legal department is small (5-10 people) and I'm having trouble finding any salary information for their attorneys. There is, however, a good amount of salary data for other positions in the bank, from relationship managers to credit officers to senior VPs, etc. Is there any position in a bank that is comparable to an attorney salary wise?

If not but someone here wants to take an educated guess on what I should be making, I'm junior (2 years) and the market is NYC, and the bank is just shy of 10B in assets with ~200mm revenue.

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dingbat (Apr 20, 2017 - 8:55 am)

hesitatingly, I'm gonna day $60-$80k. At a large bank with a little more experience, you'd be talking $100-$120, so I'm just adjusting downward from there

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bingojackson (Apr 20, 2017 - 1:24 pm)

That'd be extremely disappointing and less than what I'm currently earning in a gov position, but I also think your estimate for larger banks is off based on my research.

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dingbat (Apr 20, 2017 - 3:03 pm)

it's been a few years, so my numbers might be out of date, but I don't think it's that far off for an unexperienced attorney at a small bank

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eifusdude (Apr 22, 2017 - 11:48 am)

The 2017 Robert Half Legal salary guide is out. In my experience the ranges seem somewhat high especially once you apply the geographic adjustments but it might be a helpful resource for you:

http://bit.ly/2ozUJPV

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bingojackson (Apr 22, 2017 - 11:19 pm)

yeah i've seen it and worked it out, it was giving me a range of 140-190 which is crazy. thanks for the input though

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trollfeeder (Apr 20, 2017 - 9:35 am)

NYC? I will say $120k if not a little more all in. I think that's a reasonable request considering if you are coming from a lot more than that.

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bingojackson (Apr 20, 2017 - 1:25 pm)

This is the range I've heard from others, but to be fair I am coming from gov, not a firm, so anything in the six figure range is more than what I'm earning now.

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mrtor (Apr 20, 2017 - 10:00 am)

You don't have a lot of leverage or bargaining power with only two years of experience. The salary is essentially what they tell you it is. You may be able to negotiate it up a little, but you're not going to move mountains.

Quoting other employer or other position salary data to them isn't going to change the equation. The employer has been at this for a lot longer than you've been practicing and they have already assigned a fairly precise value to the position. You either accept or reject it.

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bingojackson (Apr 20, 2017 - 6:44 pm)

I think that's right, but I'm not going into this expecting to negotiate, I'm just looking for data points to get an idea of what's a fair range. if it's ridiculously low, I'll just pass on the opportunity.

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scottw (Apr 20, 2017 - 12:13 pm)

I'd guess 90-105. Most in-house comp is scored by HR, so not much negotiation.

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bingojackson (Apr 20, 2017 - 6:45 pm)

Yeah like I said above, I'm not expecting to negotiate, I'm just looking for data points to see what to expect and what would be fair. If it's too low then I'll pass.

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bingojackson (Apr 23, 2017 - 1:22 pm)

Through research I just found out that they're paying a paralegal 80k, does anyone's input or estimates change with this info?

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shouldalearnedmath (Apr 24, 2017 - 10:38 am)

Estimates in this thread seem way too low. trollfeeder is probably close at 120k since its nyc. recent grad i know in flyover got 90k although at a $10B+ bank

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bingojackson (Apr 24, 2017 - 10:45 am)

thanks for the input, I'm hoping you're right. I guess I should mention, this is a subsidiary of a global foreign bank. the numbers I gave in the OP are the numbers for the US operations.

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bingojackson (May 25, 2017 - 10:41 am)

figured I'd update this for future reference, the offer came in at $110k with potential for year-end bonus and a great title as well. wish me luck y'all

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