wow!!!! Thanks for sharing @Steph & Den. Impressive negotiation. Thanks for sharing and I appreciate your transparency. Similarly, I negotiated my entry level salary offer of 17/hr and started at 19. BTW, is that gross or net? Thanks!
I’m a talent acquisition specialist now! I make $16/hr and I’m definitely looking to switch companies and do recruitment for a company that can offer better base pay and way better benefits. I hope I can get the job at the other company I am interested in! 🥰 wish me luck!!
Love the transparency in this video! I can share mine as a new graduate: First internship: $14 Second internship: $17.5 Third internship: $20 Fourth internship: $25+ (didn’t take this offer because had a ft offer instead) First FT role: 60k + 5k bonus Pretty happy with my progression!
I think that its so important that you mentioned negotiating based on the market not based on your current salary this is a mistake I’ve also made in the past. Awesome videos and great tips along the way!
Hi Steph! I graduated in 2017 and started my first job making $44,000 dollars as a temp to hire position, once I was hired they bumped me to $47k, then my first year raise got me to $49,500. I left that job to make $55k & 5% annual bonus (which actually ended up being $4k not 5%). First raise at this job bumped me to $60k and after second year up to $66k so that is where I am now! I work in accounting but I am not a CPA. I am currently working towards this goal (on company dime) which will hopefully qualify me for a bigger pay increase after I am licensed!! It’s so easy to get focused on where you are vs where you want to be… but it’s so crazy to think about how far we’ve come! Awesome job, thank you for sharing 💕
Hey Steph, great and honest video, thanks for be very transparent of your experience. My biggest take away from my past year experience is instead of asking for promotion or salary increase from your current company, just switch to a new place, you will get much more higher salary increase and job title upgrade. First job in 2020: 40k contractor Second Job in beginning 2021: 50k Full time Third (current) job in end of 2021: 80k + 10% bonus Full time Keep looking the new opportunities and keep investing our skills.
I think it's quite unfair on how salary increases work at these big corporates. It doesn't sound like it's based on skill but, like you said, what salary you started at. I think you could get paid more at a smaller firm that recognises skill instead of tenure, bureaucratics, etc.
My progression over the years 2016-2020 32-80k The majority of these increases were a combination of working more hours + hour pay increases. But when I transitioned to FT managerial position early this year my salary only increased to 83k. I wish I had pushed harder during negotiations (I should have rejected the offer), as it's now clear if I had stayed in my PT role, likely would be clearing 90k. Turns out my company is confined to non-competitive pay bands for FT positions, but not so much for hourly workers.
I've been at the same job for going on 6 years. Was hired at 37k. In the first year i received a 7% increase. Then ever since its been about 3%. I am sitting at 45k but I always get between 1500-2500 in an annual performance bonus that is taxed, and an extra 10% on top of our salary to contribute to our RRSP ourselves, so ultimately make 50k. Pretty slow progression, currently job searching now!
I made the same mistake and asked for a too low range at the interview, got a 22% increase one year in and another 10% at the two years mark, hoping to get another 5-10% this year to reach a fair salary compared to my colleagues. Will definitely negotiate more at the beginning next time!
Great video and congrats on all the salary increases! I enjoy your little bits of wisdom in each video. I’m 5 years out of Uni and my salary is now 2.4 times my starting. Something I heard when I was first starting out, from the FIRE community, was that “loyalty never pays”. Even though its tough to leave your work friends, I’ve proven this true with two job moves.
Yes I agree with that. People have told me it's not good to start too low at a company you want to end up at since the bump in pay is never what it should br. Better to start elsewhere and then move where you want when the experience has been built up.
Thank you for your transparency Steph :D I also work for the same company as you (in the global mobility sector) and I've been finding it really difficult to navigate the increase in responsibility and the lack of compensation. It's good to know that you've had a good experience with respect to literally just asking to get paid what you're worth! Gives me hope.
I'm starting an internship in sports marketing and it's at minimum wage. I turned down an offer that was $22 per hour at Canadian Tire for this role since this company is a lot cooler. I feel like once this internship is done I should ask for a bump up to $22/hr especially considering I had that other offer. I'll probably do the math and put that as the lower end of my range. Thanks for sharing!
Thanks for sharing your journey Steph, lots to learn from for where I want to be moving forward! Interesting with that "It's hard to get paid if you've started off with a lower salary within this company" reasoning. I'm interpreting that as "If you have the guts to do it, you should go to the competition".
Thanks for sharing. I find it hard for me to get a raise or move around or even change a job atm given I need plenty of time studying for my CPA. My current job definitely doesn't pay me well, but I got plenty of study time for myself when I need it and ot only happens for 2-3 months. Very glad that you've been very transparent about how much you earn and the progression of it. The starting salary is very crucial, so I will ask at the higher end next time I am interviewing for a more senior position. Thanks a lot!
came to CAN as a first gen immigrant after my BComm: 1-2 years: $18/hr went on did my Masters (1.5 years) salary went up to 55k -> 65k -> 70k -> now 80k (in 2 years). Almost half-way done with student loans as well. Looking forward to moving to GTA next year! 🥰
Where do you do your market research from? Is it from glassdoor or word of mouth from colleagues? I find glassdoor to be kind of vague sometimes. Do you use any other websites to figure out the market rate for the salary in your role?
seems to me like a surefire way to be let go at an inconvenient time. better to make a fresh start a new company. most existing employers will make you work way harder for that pay. while a new employer may be happy at bare minimum.
Great video as usual! Now that I switched to a mid-size accounting firm (from just 6 colleagues at my old firm to close to 8,000), will definetly go back to this video when I plan on negotiating my salary in the future. In my case, at the time that I got offered this job, the starting salary seems pretty fair as it was an increase of $8k from my old job with almost the same manager role. However, I did not do any research on the market salary rate for my position so it got me thinking if my starting salary is actually fair. Anyways, thanks for this video! Definetly helpful and informative. Always love the transparency 😉
Similar situation spent 2.5 years at a start up out of college. Worked long hours for low pay and wasn't happy. Now working for a reputable company in Toronto. Love my team but feel I should be getting a senior role that comes with the salary increase. You think I should just have a talk with my manager or start looking internally? Work life balance is important for me and this is the first time in my life I've done a job where I get along with everyone I work with and I didn't cringe when Monday morning comes.
Hey Ajithan! First of all, that's awesome you switched companies and that it isn't making you cringe 👏🏾👏🏻 that's a good start! And yes, I'd definitely talk with your manager and tell them your thoughts - it's similar to what I did recently. I reiterated that I love the team and my work overall, but want my salary to match that level of work. It doesn't hurt to look internally either - you can keep an eye out for which other teams you'd be interested in joining. Good luck!
Hey Hazel! You absolutely can ask to negotiate after! I’d reach out and say that you’re still excited to join the company, but after putting more thought into it you’re concerned about the salary for ______ reason and would love to connect on a call to discuss. I hope that helps 😊
Hey, if you had to choose between an audit or management consulting graduate scheme, which would be the better option for a future move into deal advisory, particularly M&A. And then into IB/PE? Hey guys, I've been binging your videos they have been super helpful. I had a question regarding choosing between audit or management consulting. Essentially my goal is to get into the big 4 deals team, particularly M&A. And then hopefully lateral into IB/PE. So from audit or management consulting which would be the better start for my goals?
Hey! That sounds like a great plan - I’d (Den) recommend starting in audit instead of management consulting - you build more transferable skills in that scheme - and it’s a common path (audit > M&A). Hope that helps 😊
@@stephandden thanks for getting back to me. When you say transferable skills, in audit I'm guessing that's the more technical skills like in depth financial accounts knowledge right? Whereas in management consulting it's not as good of a choice for my end goal because I would lack this technical knowledge? However, would I not gain more client skills in consulting to make up for this?
@@HtheKing I can tell you with absolute certainty you will have better future opportunities in management consulting than audit. Brand of firm also matters greatly
hi, Im a year away from graduating high school and im looking to go into architecture, but im looking for other career choices aswell so after watching your video and how you talked about your job.... Whats your line of work?
Hey, I really enjoy watching your videos. I currently live in Germany and would like to move to Toronto. How much is the difference between the salary before and after tax? Greetings from Germany
Do you have a video on how to figure out market place pay rate and determine if we are being paid lower? Sometimes I find linkedin pay scale stuff confusing. Great vid! I find it hard understanding what's low especially working at a startup.
How has your salary progression been? Let us know your thoughts on all things salary! ⬇️
wow!!!! Thanks for sharing @Steph & Den. Impressive negotiation. Thanks for sharing and I appreciate your transparency. Similarly, I negotiated my entry level salary offer of 17/hr and started at 19. BTW, is that gross or net? Thanks!
Thanks for watching! 😊 It’s gross!
I’m a talent acquisition specialist now! I make $16/hr and I’m definitely looking to switch companies and do recruitment for a company that can offer better base pay and way better benefits. I hope I can get the job at the other company I am interested in! 🥰 wish me luck!!
Love the transparency in this video! I can share mine as a new graduate:
First internship: $14
Second internship: $17.5
Third internship: $20
Fourth internship: $25+ (didn’t take this offer because had a ft offer instead)
First FT role: 60k + 5k bonus
Pretty happy with my progression!
That's amazing! & thank you for sharing! 😊
are you a software engineer?
I think they're a struggling artist
@@itsjoseluis no my salary is too low for a software engineer
I think that its so important that you mentioned negotiating based on the market not based on your current salary this is a mistake I’ve also made in the past. Awesome videos and great tips along the way!
What websites do you recommend to compare market salaries?
Thanks so much, Meagan - it’s so important!
Glassdoor and Payscale are two! Also, talking with people you know in your industry is also good, too 😊
Hi Steph! I graduated in 2017 and started my first job making $44,000 dollars as a temp to hire position, once I was hired they bumped me to $47k, then my first year raise got me to $49,500. I left that job to make $55k & 5% annual bonus (which actually ended up being $4k not 5%). First raise at this job bumped me to $60k and after second year up to $66k so that is where I am now! I work in accounting but I am not a CPA. I am currently working towards this goal (on company dime) which will hopefully qualify me for a bigger pay increase after I am licensed!! It’s so easy to get focused on where you are vs where you want to be… but it’s so crazy to think about how far we’ve come! Awesome job, thank you for sharing 💕
That’s great that there’s been consistent growth - and amazing that you’ll still have that CPA bump coming up!! Thanks so much for sharing, too 💛
Hey Steph, great and honest video, thanks for be very transparent of your experience.
My biggest take away from my past year experience is instead of asking for promotion or salary increase from your current company, just switch to a new place, you will get much more higher salary increase and job title upgrade.
First job in 2020: 40k contractor
Second Job in beginning 2021: 50k Full time
Third (current) job in end of 2021: 80k + 10% bonus Full time
Keep looking the new opportunities and keep investing our skills.
Thanks for sharing! 😊
I think it's quite unfair on how salary increases work at these big corporates. It doesn't sound like it's based on skill but, like you said, what salary you started at. I think you could get paid more at a smaller firm that recognises skill instead of tenure, bureaucratics, etc.
It definitely can be! It’s also why it’s so important to know that you need to be negotiating your salary!
but know that long term prospects are rare at small companies. best i find is to keep changing jobs between few big companies every few years.
My progression over the years 2016-2020
32-80k
The majority of these increases were a combination of working more hours + hour pay increases. But when I transitioned to FT managerial position early this year my salary only increased to 83k. I wish I had pushed harder during negotiations (I should have rejected the offer), as it's now clear if I had stayed in my PT role, likely would be clearing 90k.
Turns out my company is confined to non-competitive pay bands for FT positions, but not so much for hourly workers.
That's great progression! 🙌🏾🙌🏻
Hit my three year mark in recruiting and increased my base from 60k to 75k not including bonuses and commissions.
That's great! 🎉
I've been at the same job for going on 6 years. Was hired at 37k. In the first year i received a 7% increase. Then ever since its been about 3%. I am sitting at 45k but I always get between 1500-2500 in an annual performance bonus that is taxed, and an extra 10% on top of our salary to contribute to our RRSP ourselves, so ultimately make 50k. Pretty slow progression, currently job searching now!
Thanks for sharing! Good luck on the job search 😊
I really appreciate your transparency! 💛
Thank you! That’s our goal 🙌🏻
I made the same mistake and asked for a too low range at the interview, got a 22% increase one year in and another 10% at the two years mark, hoping to get another 5-10% this year to reach a fair salary compared to my colleagues. Will definitely negotiate more at the beginning next time!
So glad you’re getting close and have gotten those raises along the way!!
Great video and congrats on all the salary increases! I enjoy your little bits of wisdom in each video.
I’m 5 years out of Uni and my salary is now 2.4 times my starting.
Something I heard when I was first starting out, from the FIRE community, was that “loyalty never pays”. Even though its tough to leave your work friends, I’ve proven this true with two job moves.
Thanks, Sarah! 😊 & yes yes yes, that's a great thing to remember!
Yes I agree with that. People have told me it's not good to start too low at a company you want to end up at since the bump in pay is never what it should br. Better to start elsewhere and then move where you want when the experience has been built up.
your channel is like therapy to me, thanks for the cool content
🙏🏿🙏🏻 we love to hear that! So glad you're here
Thank you for your transparency Steph :D I also work for the same company as you (in the global mobility sector) and I've been finding it really difficult to navigate the increase in responsibility and the lack of compensation. It's good to know that you've had a good experience with respect to literally just asking to get paid what you're worth! Gives me hope.
Hey Dane! Of course - so glad it could be helpful! Good luck continuing to navigate the balance 😊
I'm starting an internship in sports marketing and it's at minimum wage. I turned down an offer that was $22 per hour at Canadian Tire for this role since this company is a lot cooler. I feel like once this internship is done I should ask for a bump up to $22/hr especially considering I had that other offer. I'll probably do the math and put that as the lower end of my range. Thanks for sharing!
That sounds like a great plan! Congrats on the internship 😊
Thanks for sharing your journey Steph, lots to learn from for where I want to be moving forward!
Interesting with that "It's hard to get paid if you've started off with a lower salary within this company" reasoning.
I'm interpreting that as "If you have the guts to do it, you should go to the competition".
Thanks, Ryan!! That’s a good point!
Thanks for sharing. I find it hard for me to get a raise or move around or even change a job atm given I need plenty of time studying for my CPA. My current job definitely doesn't pay me well, but I got plenty of study time for myself when I need it and ot only happens for 2-3 months. Very glad that you've been very transparent about how much you earn and the progression of it. The starting salary is very crucial, so I will ask at the higher end next time I am interviewing for a more senior position. Thanks a lot!
Thanks for watching, Felecia! ✨
came to CAN as a first gen immigrant after my BComm:
1-2 years: $18/hr
went on did my Masters (1.5 years)
salary went up to 55k -> 65k -> 70k -> now 80k (in 2 years). Almost half-way done with student loans as well. Looking forward to moving to GTA next year! 🥰
Woo, thanks so much for sharing! Congrats on tackling those student loans, too! 😊
Where do you do your market research from? Is it from glassdoor or word of mouth from colleagues?
I find glassdoor to be kind of vague sometimes. Do you use any other websites to figure out the market rate for the salary in your role?
Yes - Glassdoor, Payscale and also from colleagues - but we’ll also do a full video in the future about this! 😊
@@stephandden How do you have that conversation with colleagues? Not all colleagues are forth coming about the topic of salaries .
You should have applied other jobs in the same industry and get an offer and use that as a bargain to ask your current employer a big raise!
That’s definitely an option - I’ve talked to colleagues who’ve done that in order to finally get a bigger jump up!
seems to me like a surefire way to be let go at an inconvenient time. better to make a fresh start a new company. most existing employers will make you work way harder for that pay. while a new employer may be happy at bare minimum.
Love this! Really excited to see the TH-cam earnings breakdown though!😄 When would that be?
👀 very soon!!
Wow that's a 19-22% annual return! Very impressive.
Ha, love this!! Very true
Great video as usual! Now that I switched to a mid-size accounting firm (from just 6 colleagues at my old firm to close to 8,000), will definetly go back to this video when I plan on negotiating my salary in the future.
In my case, at the time that I got offered this job, the starting salary seems pretty fair as it was an increase of $8k from my old job with almost the same manager role. However, I did not do any research on the market salary rate for my position so it got me thinking if my starting salary is actually fair. Anyways, thanks for this video! Definetly helpful and informative. Always love the transparency 😉
Thanks, Rochelle!! So glad it was helpful 😊
Similar situation spent 2.5 years at a start up out of college. Worked long hours for low pay and wasn't happy. Now working for a reputable company in Toronto. Love my team but feel I should be getting a senior role that comes with the salary increase. You think I should just have a talk with my manager or start looking internally? Work life balance is important for me and this is the first time in my life I've done a job where I get along with everyone I work with and I didn't cringe when Monday morning comes.
Hey Ajithan! First of all, that's awesome you switched companies and that it isn't making you cringe 👏🏾👏🏻 that's a good start! And yes, I'd definitely talk with your manager and tell them your thoughts - it's similar to what I did recently. I reiterated that I love the team and my work overall, but want my salary to match that level of work. It doesn't hurt to look internally either - you can keep an eye out for which other teams you'd be interested in joining. Good luck!
@@stephandden Thanks!
congrats gurlll!!!
Thanks, Tina! 😊✨
This really gives insight into how getting paid in corporate Canada works. In some cases. Thank you.
Glad you found it helpful! 😊
Hey Steph! Can I negotiate the salary after I signed the job offer? Any advice on talking to HR?
Hey Hazel! You absolutely can ask to negotiate after! I’d reach out and say that you’re still excited to join the company, but after putting more thought into it you’re concerned about the salary for ______ reason and would love to connect on a call to discuss. I hope that helps 😊
what market salary tool do you like to use? anything other than glassdoor?
Largely Glassdoor, or other sites that pop up when doing a specific Google search!
Hey, if you had to choose between an audit or management consulting graduate scheme, which would be the better option for a future move into deal advisory, particularly M&A. And then into IB/PE?
Hey guys, I've been binging your videos they have been super helpful. I had a question regarding choosing between audit or management consulting. Essentially my goal is to get into the big 4 deals team, particularly M&A. And then hopefully lateral into IB/PE. So from audit or management consulting which would be the better start for my goals?
Hey! That sounds like a great plan - I’d (Den) recommend starting in audit instead of management consulting - you build more transferable skills in that scheme - and it’s a common path (audit > M&A). Hope that helps 😊
@@stephandden thanks for getting back to me. When you say transferable skills, in audit I'm guessing that's the more technical skills like in depth financial accounts knowledge right? Whereas in management consulting it's not as good of a choice for my end goal because I would lack this technical knowledge? However, would I not gain more client skills in consulting to make up for this?
@@HtheKing I can tell you with absolute certainty you will have better future opportunities in management consulting than audit. Brand of firm also matters greatly
hi, Im a year away from graduating high school and im looking to go into architecture, but im looking for other career choices aswell so after watching your video and how you talked about your job.... Whats your line of work?
Hey Josh! I work in Human Resources - we have a playlist called ‘Work Week In The Life’ with videos where we talk more about our jobs, too 😊
You look like Amanda Seyfried on the thumbnail
You don’t even know how many times I’ve gotten that before 😅
I only remember what the bear looked like
Hey, I really enjoy watching your videos. I currently live in Germany and would like to move to Toronto. How much is the difference between the salary before and after tax? Greetings from Germany
Hey Johannes! That's an exciting move! So when I was making $65,900 gross, my net was about $4,000 per month (or $48,000 per year) 😊
@@stephandden thank you for the answer. Keep up the great work with your videos :)
So around 80-85k total comp?
$72k salary with a one time bonus of $6,750 + $1,500 - so approx $80,000 total comp for the current year
Hmm so switching jobs seems to be the way to go.
It definitely expedites the salary bump!
Nick, yes, esp.if you want top dollar!!!
This is actually very normal in corporate companies if you didn’t get this YOU are the problem
What's very normal in corporate companies?
Getting this level of increases within this time frame
Do you have a video on how to figure out market place pay rate and determine if we are being paid lower? Sometimes I find linkedin pay scale stuff confusing. Great vid! I find it hard understanding what's low especially working at a startup.
That’s a great suggestion for a video! We can definitely do one on that topic 😊
@@stephandden Ou, yay that's so exciting! Looking forward to it. Thanks again for your content! It's very useful!
I really dislike the PC culture in corporations regarding salary increases lol
👏🏾👏🏻