Hi HH, I have a question regarding job hopping in the banking industry. As you know, job hopping is common in the banking industry negotiate for higher salaries and advancements that you most probably won't be able to have access to through organic growth. When switching firms/jobs at a more junior level (up to 5 yrs experience), is asking for a 20% pay increase considered reasonable, and if not, what would be the usual threshold for an increase?
Also, does your expected salary always have to be a mark-up from your current drawn salary? What if you are getting paid below market rate? For example, the market rate for an AVP is 6k, but if I'm only drawing 4.5k and even with a 20% increase, it puts me only at 5.4k. Would it be reasonable to put my expected closer to 6k?