Trying to decide how much of a raise to ask for
Hey everyone,
I'm 29 years old and work for a team of finacial advisors as a Client Associate. Our team is very succesful (lots of Forbes awards, large AUM, largest non-private wealth team in the market). This is at one of the top 3 largest banks/brokers in the U.S. in a MCOL city.
When i started 5 years ago, my salary was $53,000. It is now $63,375 + $31,000 (the bonus my advisors give me).
I have my series 7 & 66. And I currently am in a training program where upon completion i will have the same job but with a new title and an opportunity to sit with our management and ask for a raise.
I'm trying to decide how much of a raise to ask for. I've previously complained to my direct manager that I know i was low-balled when I started. She's mentioned to the manager i'll be negotiating with that I'm unhappy with my base salary and it needs to increase. I also know that two years ago my colleague started off with a base salary of $75K. But my manager (indirectly bc obviously I didn't tell them she told me) told me my colleague came in at a higher salary because she had 3 years prior experience and I had no experience.
I'm thinking about asking for either a base salary of $85K or $90K. Is this reasonable? I could be happy with the $85K so should i just ask for that or start off at $90K?
Any negotiation tips would be appreciated!
Thanks!