OK guys,I was able to get a very good job (major European IB), despite all the difficulties of the market, yet my position presented a list of question marks: on top of the list was the temporary nature of the contract. Now they are going to transform the temporary job into a full time one, as they said they were very satisfied with my performances (they fired somebody else of my team). Given the "phase transition" from temporary to full time, the step is not starightforward, as I insisted more on the soundness of the cotract rather than on the good digits printed on it. I have some doubts that they are willing to make a good offer money wise.In other words, how much would it be a reasonable increase of the salary at the end of the first year? Would it be meaningful to accept an effective reduction of the salary (not in the sense of a renormalization group approach, but by considering extras related to the temporary nature of the job itself). I accepted a first salary to be just below the market standards, with no guaranteed (nor expected) year end bonus. I have other opportunities that I could use to leverage my position.Thanks for teh precious feedback,el tigre

You should have known so far that finance is all about risk-return trade offs....

so I should compute my Sharpe ratio to get a good salary?

How much are your other offers worth? That is how much your current employers should be paying you. Given that they are so pleased with your performance that a) they want to even hire you in this market and b) they fired somebody else to give you the job, you are have a significant upper hand in the bargaining process. Make them pay you what you want them to pay you, provided it's "reasonable" of course.

So, I was offered 10% less than I was earning at the moment. Room for negotiation or just pack things and go where they give you more?I ask because it's the first time I have to face such an ugly situationel tigre

Pack and go, provided the other offers are comparable in terms of job duties. If you don't go they will be ripping you off forever...

Ouch...So, this seems pretty bad and given that they had you on contract really bad.However, what sense do you have of your prior salary relative to the then market price?

QuoteOriginally posted by: tigermanSo, I was offered 10% less than I was earning at the moment. el tigrePerhaps counter pleasantly with 10% *more* on base than you were making as contractor. Plus a bonus fitting that role.But be prepared to pack and go. (Again, pleasantly. Maybe in some places kicking and screaming has more impact, but I think right now a low-key, but firm approach might be best.)Good luck!