What do you do if your performance in Corporate Finance deserves a raise? (2024)

Here are steps you can take:1. **Document Achievements:** Compile a list of my accomplishments, contributions, and added value to the company in terms of financial performance, cost savings, revenue generation, process improvements, etc.2. **Market Research:** Research industry standards and salary ranges for similar roles in mu geographic area. This will give me a benchmark to support your request.3. ** Request a meeting CEO or D of Hr to discuss my performance and compensation.4. **Present my Case:** During the meeting, clearly and confidently articulate why I deserve a raise based on your performance and industry standards. Emphasize the value my bring to the company and how a raise would align with my performance

- Assess your contributions and achievements in Corporate Finance.- Research industry benchmarks for your role and experience level.- Schedule a meeting with your manager to discuss your performance.- Highlight specific examples of your impact on the company's success.

Example: While working with a private equity firm in Dubai, I advised a client (Senior Financial Analyst) to wait until after closing a major deal they were spearheading. Highlighting their contribution to a successful deal would strengthen their case for a raise.

- Choose a time when your manager is receptive and the company's financial situation is favorable.- Avoid asking for a raise during times of uncertainty or budget constraints.- Be strategic about timing to maximize your chances of success in securing a raise.

Tool: Performance reviews, project reports, quantifiable achievements (e.g., cost savings, revenue growth).Example: I advised a Corporate Finance Manager in a Telecom company to gather all their performance reviews and project reports. They quantified their achievements (e.g., cost savings from streamlined vendor negotiations) to demonstrate the tangible impact of their work.

- Gather data on your achievements, such as successful projects, cost-saving initiatives, or increased profitability.- Document specific examples of your contributions and their impact on the company.- Quantify results where possible to demonstrate the value you bring to the organization.

Example: While advising a client (Financial Analyst) in the Real Estate sector (mixed-use development), I emphasized their long-term career goals within the company. Highlighting their desire for additional responsibility and showcasing their ongoing professional development plans demonstrated their commitment to the company's growth.

1. Clearly outline your career goals and aspirations in Corporate Finance.2. Identify how a raise would align with your professional development objectives.3. Articulate how increased compensation would motivate you to continue excelling in your role.

Tool: Salary negotiation guides, research on industry standard compensation packages (including benefits).Example: I consulted with a client (Financial Controller) in a Manufacturing company in Germany. We researched salary ranges for their role and experience level. They used this data, along with their achievements, to negotiate a raise that included not just a base salary increase, but also a bonus structure tied to performance metrics.

-Research industry benchmarks and salary ranges for your role in Corporate Finance.-Prepare to negotiate by knowing your worth and understanding the company's financial position.-Highlight your accomplishments and the value you bring to the organization during discussions.-Be open to compromise and flexible in finding a mutually beneficial solution.

Example: I advised a client (Financial Planning & Analysis Manager) at a Retail company to follow up after their initial raise discussion. This follow-up showcased their continued commitment to securing a fair compensation package.

Remember: This is just a framework. Adapt it to your specific role, industry, and company culture. By leveraging evidence, timing, and clear communication, you can effectively advocate for the raise you deserve.