Why does Jones Day pay below Market in Secondary Cities (Miami, ATL, etc.)? Forum

Anonymous User · Post by **Anonymous User** » Tue Aug 25, 2015 8:47 pm

Title says it all. Why does Jones Day pay below market in secondary markets like Miami and Atlanta? Is the firm not doing well or something?

I have a CB there, but an offer at another firm. I'm wondering if I should just cancel.

Desert Fox · Post by **Desert Fox** » Tue Aug 25, 2015 8:56 pm

Anonymous User · Post by **Anonymous User** » Tue Aug 25, 2015 8:58 pm

I mean below the respective market salaries of those cities

dixiecupdrinking · Post by **dixiecupdrinking** » Tue Aug 25, 2015 9:06 pm

Are you sure they do? I find that surprising.

rpupkin · Post by **rpupkin** » Tue Aug 25, 2015 9:12 pm

Probably for the same reason they pay below market in the major cities.

Hutz_and_Goodman · Post by **Hutz_and_Goodman** » Tue Aug 25, 2015 9:22 pm

rpupkin wrote:Probably for the same reason they pay below market in the major cities.

They pay market ($160k) in every major city I know of.

lawhopeful10 · Post by **lawhopeful10** » Tue Aug 25, 2015 9:28 pm

I actually think they pay a little above market in Atlanta lol.

ColoBoul · Post by **ColoBoul** » Tue Aug 25, 2015 9:45 pm

They definitely pay above market in Columbus, they pay 145k and market is 110-120.

Anonymous User · Post by **Anonymous User** » Tue Aug 25, 2015 10:01 pm

Hutz_and_Goodman wrote:
rpupkin wrote:Probably for the same reason they pay below market in the major cities.
They pay market ($160k) in every major city I know of.

Yes but they pay no bonus. They will give slightly above-market raises in base salary, but without the bonus component you end up making solidly less than people at other firms. For example, many 2nd years in NY had their salaries bumped from 160 to 175. And I think some third years were bumped to 190. So thats all well and good, but it comes out to nothing more than a 5K "bonus" which isn't really a bonus since its paid out over the course of the year.

rpupkin · Post by **rpupkin** » Tue Aug 25, 2015 11:43 pm

Anonymous User wrote:
Hutz_and_Goodman wrote:
rpupkin wrote:Probably for the same reason they pay below market in the major cities.
They pay market ($160k) in every major city I know of.
Yes but they pay no bonus. They will give slightly above-market raises in base salary, but without the bonus component you end up making solidly less than people at other firms. For example, many 2nd years in NY had their salaries bumped from 160 to 175.

Yeah, this. Jones Day has been a below-market firm for years.

MyNameIsFlynn! · Post by **MyNameIsFlynn!** » Tue Aug 25, 2015 11:55 pm

lawhopeful10 wrote:I actually think they pay a little above market in Atlanta lol.

Actually a lot above. Market is 135/145, they pay 160. And nobody is going to be giving first years a 25k bonus so you come out well ahead at JD compared to rest of Atl

Hutz_and_Goodman · Post by **Hutz_and_Goodman** » Wed Aug 26, 2015 3:26 pm

My understanding (from friend who summered) is they pay 160k in Boston, which I thought was above market, could be wrong.

Anonymous User · Post by **Anonymous User** » Wed Aug 26, 2015 4:00 pm

Hutz_and_Goodman wrote:My understanding (from friend who summered) is they pay 160k in Boston, which I thought was above market, could be wrong.

Boston* first-years make $160K and follow in lockstep with NYC market rates. Not sure whether bonuses are comparable.

(* True at Ropes, Wilmer, Goodwin, Foley, Mintz and others. A few Boston firms -- e.g. Sullivan & Worcester -- pay less.)

Anonymous User · Post by **Anonymous User** » Wed Aug 26, 2015 4:11 pm

Cleveland they pay ~20k above market as well.

Anonymous User · Post by **Anonymous User** » Wed Aug 26, 2015 5:06 pm

They pay below market everywhere .... they start you at 160k, but with "black box" most people lose --- at least I'm in a satellite and I know for a fact everyone loses

TLSlogin765 · Post by **TLSlogin765** » Wed Aug 26, 2015 5:33 pm

Where is your CB at? Miami or ATL? Did an OCI screener w/ them two weeks ago, and radio silence. T14. Want to know if I should be worried.

jk148706 · Post by **jk148706** » Wed Aug 26, 2015 5:36 pm

rpupkin wrote:
Anonymous User wrote:
Hutz_and_Goodman wrote:
rpupkin wrote:Probably for the same reason they pay below market in the major cities.
They pay market ($160k) in every major city I know of.
Yes but they pay no bonus. They will give slightly above-market raises in base salary, but without the bonus component you end up making solidly less than people at other firms. For example, many 2nd years in NY had their salaries bumped from 160 to 175.
Yeah, this. Jones Day has been a below-market firm for years.

Except they do the exact opposite in secondary markets, which is the title of the thread. $145k in Columbus Cleveland Pittsburgh is well above market.

Jones Day pays above market in secondaries

rpupkin · Post by **rpupkin** » Wed Aug 26, 2015 5:40 pm

jk148706 wrote:
rpupkin wrote: Yeah, this. Jones Day has been a below-market firm for years.
Except they do the exact opposite in secondary markets, which is the title of the thread. $145k in Columbus Cleveland Pittsburgh is well above market.

Jones Day pays above market in secondaries

Perhaps they do. I have no idea. (Though, based on reading this thread, it looks like a lot of it comes down to how you define "market" in secondary cities.) In any event, I was responding to a poster who maintained that Jones Day pays market in every major city.

jk148706 · Post by **jk148706** » Wed Aug 26, 2015 5:42 pm

Fair enough. just pointing out they actually pay above market in secondary cities.

Cleveland for example market is $110k-$115. JD pays $145.

rpupkin · Post by **rpupkin** » Wed Aug 26, 2015 5:43 pm

jk148706 wrote:Fair enough. just pointing out they actually pay above market in secondary cities.

Cleveland for example market is $110k-$115. JD pays $145.

Just curious: how did you determine that "market" in Cleveland is $110K-$115K? Who sets the market in Cleveland, if not Jones Day?

Why does Jones Day pay below Market in Secondary Cities (Miami, ATL, etc.)? Forum

Why does Jones Day pay below Market in Secondary Cities (Miami, ATL, etc.)?

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