Generic thread for corporate people, what are some negotiating tips (or any tips) you used to negotiate higher incomes and climb your way up the ladder? What tactics do you use to raise your status?

A few thoughts: I started around $60k base and got up to $190k base with about a 30% bonus and some moderately worthwhile options in a little under 7 years in consulting. Solid middle manager/high individual contributor. Raises were $10-15k/year until I had a year where it went up $65k.

My strategy was to generally push for a raise or one time bonus every year based on performance and then really align myself with the most valuable initiatives in the company. Looking at peers I think this has been a very good strategy, though as a mostly individual contributor I have not risen to upper management. However I one time shared salary information with someone I started with who was now 2-3 levels above me and was shocked/pleased to hear I made more in total comp than him. I also threatened to leave one time, which was the year where the salary really increased.

I think persistence in both performance and pressure on management in obtaining higher salary is key. I think either management or individual contribution can be good ways to FatFire but the real strategy is your savings rate. While I think most of my higher comp is now going to come from spot bonuses and commissions, etc, so I have hit a ceiling to a degree, I also think that I’ll be FIRE’d in the next 5-10 years so am not too worried about role, etc anymore.

/r/fatFIRE Thread