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Hello. Would you happen to know the actual figures (salary ranges) for the particular salary grades i.e 27, 28, 28.1, 29, 32 etc??? It's really frustrating that most companies no longer provide this info within the job descriptions anymore. I understand that in a lot of cases, they may be trying to prevent applicants from applying for positions solely based on salary. However let's all be realistic, no one wants to waste their time (or the company's for that matter) if a salary is much less than they know they will be willing to settle for. I've had the frustrating experience recently of applying for jobs with different companies wherein had I known the salary range I would not have took the time to apply. We all have certain factors to consider such as actual wages, benefits, PTO, expenses for commuting etc and when that is made available, it makes its much easier to decide on whether to apply or look somewhere else. For example, my commute will be greatly increased if I were to work at MetLife in Charlotte, NC. I need to factor in the extra gas, wear and tear on my vehicle etc to know if it's worthwhile.
Hello. Would you happen to know the actual figures (salary ranges) for the particular salary grades i.e 27, 28, 28.1, 29, 32 etc??? It's really frustrating that most companies no longer provide this info within the job descriptions anymore. I understand that in a lot of cases, they may be trying to prevent applicants from applying for positions solely based on salary. However let's all be realistic, no one wants to waste their time (or the company's for that matter) if a salary is much less than they know they will be willing to settle for. I've had the frustrating experience recently of applying for jobs with different companies wherein had I known the salary range I would not have took the time to apply. We all have certain factors to consider such as actual wages, benefits, PTO, expenses for commuting etc and when that is made available, it makes its much easier to decide on whether to apply or look somewhere else. For example, my commute will be greatly increased if I were to work at MetLife in Charlotte, NC. I need to factor in the extra gas, wear and tear on my vehicle etc to know if it's worthwhile.
Any info you can provide is greatly appreciated.
The final salary is probably the salary range plus or minus a differential for the region of the country.
The same grade job could pay significantly less in Charlotte than New York, for example.
I work for MetLife and the salary ranges within each grade are HUGE.
To give you an overview. Each region / location is within a tier. NYC, Boston and San Francisco are a 5. NJ, Chicago and similar areas are a 4, Rhode Island and similar regions 3, Charlotte and similar regions 2, Tulsa, Tampa and similar regions a 1.
Each region has its own pay scale so a 28 in NYC will pay drastically more than a 28 in Tampa.
Then each level has a "range" so you have: 28-1, 28-2, 28-3 and each of these ranges overlap. Not only that but levels overlap as well. That means that 27-3 can overlap with 28-1 an 28-3 with 29-1. Each manager also is at their discretion as to where they want to start a new position within a level and range. So, a 28-2 might have a range of 45 - 65 K (pulling numbers out of the air since I don't have a chart) one manager may choose to start at 45K and another at 60K.
This is why they don't publish them. The primary reason being that they vary greatly based on the position even for the same range and the starting salary for a range may give unrealistic expectations of what management is willing to offer.
If it helps, positions level 29 and higher are considered more independent contributor positions and not as entry level and I've seen the starting salaries at about 50K +. 27s and 28s are primarily clerical and entry level positions and your looking at the high 20K to mid 40K for those.
Edit to add: the ranges go from 27 - 31. Nothing higher than a 31, nothing lower than a 27. Don't ask me why. Above 31 are officer positions and they don't have salary grade numbers and are scaled at a national level (not regional).
Thank you so much. I had a phone screen today for a Broker Dealer New Business Specialist position located in Charlotte, NC with a salary grade listed as 28.1. Hopefully the starting range is more than I currently earn.
Quick question: So if you were earning X dollars in NY and transferred laterally to the same position/title here in Charlotte, would you be able to keep your higher salary or do they adjust down to the Charlotte salary?
Quick question: So if you were earning X dollars in NY and transferred laterally to the same position/title here in Charlotte, would you be able to keep your higher salary or do they adjust down to the Charlotte salary?
It depends.
I'm actually getting a pay increase since my job posted at a level higher within my grade. This was because my job hadn't had a job description evaluation in 3 years and the job had changed drastically since then.
For those where their jobs are posting at the same grade and level then they would see a decrease. They have a formula for calculating it which figures the exact location in the lower pay tier.
In general though, I've seen jobs posting at higher levels than the original position and there ends up being almost no difference in salary.
what is the starting salary for a New Business Specialist II with a grade 28 in Charlotte, does experience and education makes a difference regarding starting salary
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