asking for a raise as a financial modeling professional

Tag Archives

Getting a Higher Salary as a Financial Modeling Professional

As a financial modeling professional, you may feel that the time has come that you to receive a raise. Getting a higher salary is important to most financial modeling professionals.  This is not just for the sake of money but also for the fact that you want to feel appreciated and recognized for your hard work.  However, you may be wondering why you haven’t received a raise.  There are reasons that you may not have been offered that higher salary you feel you deserve.

You haven’t taken on additional responsibilities – One of the biggest mistakes that financial modeling professional’s make is that they do not take on additional responsibilities to show they are working hard for the team. Doing your job adequately isn’t usually enough to warrant a raise. Generally, you will need to show that you are working hard for your company, you are willing to go the extra miles, and you are willing to take on projects that are more difficult, have extra responsibilities, or are unwanted tasks.

Your skills are up to date – You may think that your skills and education are enough but if you aren’t updating your skills to be competitive with the newcomers, you aren’t competitive. Do some research and figure out what financial modeling professionals are learning in today’s classroom environment. Find out what skill sets competitors are looking for in financial modeling professionals. Then take some classes, read some books, and update your skills to show you are moving with the times and not just complacent with what you already know.

You are not flexible – Are you bitter, unhappy, or think you are all that? These are not the attitudes of those that are succeeding as financial modeling professionals. If you find that no one wants to work a project with you or you know that you complain about every extra task, business trip, or duty, you may be someone that other consider inflexible and difficult to work with. This means that you are likely not considered a team player. Not being a team player will not yield the big bucks.

You haven’t made sure to showcase your accomplishments – Sometimes, you are so busy doing the job that you forget to ensure someone is noticing. It is important to ensure that the right people, namely your boss and those that do your performance review and determine if you get a raise, see what you have been doing.  Keep a log of projects, customer reviews, and thankful emails to show at your review can be helpful. Share your accomplishments with your manager. Don’t be shy. If you want to get that raise, you need to show that you are doing a great job as a financial modeling professional.

You haven’t asked– – Seems simple enough but it is one of the most common reasons that people are not adequately compensated for their contributions – they haven’t asked. Companies are busy making money; they don’t stop to think about spending more money. It isn’t that you are not appreciated, it is simply that you are doing such a good job that they haven’t stopped your momentum to talk about salary. Sometimes, in order to get that raise you feel you deserve, you simple need to ask for it.


Asking for More Money as a Financial Modeling Professional

There comes a time in everyone’s career that they feel they deserve more money than what they are getting paid.  If you have come to that time in your career as a financial modeling professional, you will want to keep these things in mind when breaching the subject of salary with your supervisor.

  • Schedule a meeting with your supervisor to discuss money.
  • Be positive and factual, not emotional.
  • Do your research and be sure to quote industry norms for those holding a similar position.
  • Support your request with performance examples showing you have earned a raise.
  • Make sure you have met all company requirements to qualify for a pay raise.

Keeping these facts in mind when you have decided to ask for more money will help you approach the subject in the best way and be taken seriously. As a financial modeling professional, you may have done the work to deserve the raise, just be sure to ask for the raise in the right manner.


How to Become a CFMS

See the steps involved in earning the CFMS designation. Read more.

Why Hire a CFMS?

What sets a Certified Financial Modeling Specialist (CFMS) apart? Read more.

Study Guide

Want to learn more? Download the CFMS study guide here.

Who We Are