Morgan Stanley Offer Letter Review(
I have been working with an agency Morgan Stanley partners with. Yesterday they gave me a call saying Morgan Stanley loves you and want to make you a verbal offer for $160,000 with immediate greencard filing. I had told them for at least $165,000 but they couldn’t do that but said we can promise immediate greencard filing. I verbally agreed for the offer (as I am running short of time because of the visa situation) but I have been having second thoughts. I asked them them if there will be any kind of bonus structure or hike(which they said it is discretionary and completely on performance), title name (which they said we don’t know that yet but the official offer should give more insight) but I had interviewed for a front end developer role. I don’t know if I have been low balled or why are they not disclosing any numbers for the bonus or even promised a sign on bonus for that matter and need some help from the community here to review my offer. Official letter should be out next week. All the talks so far have been through the agency and I am not able to talk to Morgan Stanley directly. Should I renegotiate or revisit the offer again? I am not sure how it works if I verbally agreed to a number earlier. Years of experience: 4(full stack developer) Offer: Full time position in Securitized Products Group. It’s a front office Fixed Income trading area of the bank Base Salary: $160,000 Current Company: Millennium Management Base Salary: 120,000 Bonus: 40,000 Salary hike: ~7 to 8 percent
What is the role? U need to give way more details
They have not disclosed the role officially but I interviewed for Front End Developer role. They said I will be getting an official title in the offer letter
Seems like a good offer to me from a bank. What was ur previous 4 YOE experience and comp there
You can do better in this market
I would take
You mean like the offer?
I have my current visa valid till March 2022 (as I have left my current firm) and need something in hand preferably before that. I have like around 3 years left on my H-1B visa overall
This is an "Associate" level offer, which seems apt given YOE. Bonus season is Feb/March and is usually 5-20% in Tech based on performance and business unit. Given your specific situation I would take it and leave after GC is processed (2 years end to end)
Do you know how does the hike or pay increase work at Morgan Stanley?
Hikes are not great - 2 to 4% unless you are promoted
Join and keep looking. You still have time.
Don't join unless they get your GC filing in written. My friend was mocked and she GTFOed within 4 months.
What happened with her exactly? By written you mean in offer letter?
They told her the same thing but unfortunately it got stuck with HRBP and SVP approval. Offer letter would be the best, or in email with signature works too
Take the offer. If it’s hell then find a new job, explain, and swap.
What is the possibility of sign on bonus? They haven’t yet gone about that with me
Do not trust the GC filing bit. For your level of experience offer is good from Morgan Stanley. However, work on setting the bonus numbers as that becomes your guaranteed first yr bonus and baseline going forward. In this market, you shouldn't be looking at banks honestly. Pretty much everyone is leaving MS. Ball is in your court as they are struggling to give out offers!
That’s a typical offer from bank