CFPB attorney

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:71 = 15
60 = 14
53 = 13
52 = 12

Thanks!

If you are at a GS15 highest step does that mean that you would receive a 71 highest step/salary at the CFPB? That is going from $158000 salary to about $224000 salary or so the reserve the highest salary for the people coming from law firms? Anyone know?

Trying to understand this as well and can't find an answer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:71 = 15
60 = 14
53 = 13
52 = 12

Thanks!

If you are at a GS15 highest step does that mean that you would receive a 71 highest step/salary at the CFPB? That is going from $158000 salary to about $224000 salary or so the reserve the highest salary for the people coming from law firms? Anyone know?

No; it doesn't mean that at all. In fact, very few people get paid anywhere near $220k. In Enforcement, most new hires get placed in the 60 payband regardless of experience. Even if you are at the highest step in GS Payscale, 60 at CFPB can go above that just do your best to negotiate as high as you can.

[Anonymous]

I heard that you can no longer negotiate. There is a formula for calculating salary.

[Anonymous]

Does anyone know what the formula for calculating salary is?

[Anonymous]

Anonymous wrote:Does anyone know what the formula for calculating salary is?

Ditto that. And/or tips for salary negotiation for federal employees lateraling over from other agencies?

[Anonymous]

Apparently there is no longer any negotiation for salary bc they were sued. The HR website for CFPB mentions that salary within the band is determined by a combination of factors including the position, years of experience, etc. It can be a big pay jump from a GS 15 if it's a supervisory position.

[Anonymous]

I thought federal employees kept their pay when moving from agency to agency (provided the pay band could accommodate the salary amount). Is that not the case?

[Anonymous]

Anonymous wrote:I thought federal employees kept their pay when moving from agency to agency (provided the pay band could accommodate the salary amount). Is that not the case?

Not if you are moving from General schedule pay to CFPB because CFPB is not on GS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I thought federal employees kept their pay when moving from agency to agency (provided the pay band could accommodate the salary amount). Is that not the case?

Not if you are moving from General schedule pay to CFPB because CFPB is not on GS.

Why would anyone ever move to the CFPB from another federal agency if they can't match pay?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought federal employees kept their pay when moving from agency to agency (provided the pay band could accommodate the salary amount). Is that not the case?

Not if you are moving from General schedule pay to CFPB because CFPB is not on GS.

Why would anyone ever move to the CFPB from another federal agency if they can't match pay?

I think the idea is that the pay would increase. I suspect CFPB has a matrix like we do at the SEC where your pay is determined by number of years of experience.

[Anonymous]

The CFPB even worth applying to if you don’t have an Ivy League or equivalent law degree?

[Anonymous]

Anonymous wrote:The CFPB even worth applying to if you don’t have an Ivy League or equivalent law degree?

Is* the CFPB even worth applying to if you don’t have an Ivy League or equivalent law degree?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The CFPB even worth applying to if you don’t have an Ivy League or equivalent law degree?

Is* the CFPB even worth applying to if you don’t have an Ivy League or equivalent law degree?

Nope -- unless you have a resume that's stellar for other reasons such as you're a well-known expert in your field.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought federal employees kept their pay when moving from agency to agency (provided the pay band could accommodate the salary amount). Is that not the case?

Not if you are moving from General schedule pay to CFPB because CFPB is not on GS.

Why would anyone ever move to the CFPB from another federal agency if they can't match pay?

I think the idea is that the pay would increase. I suspect CFPB has a matrix like we do at the SEC where your pay is determined by number of years of experience.

Yes. It is well known that CFPB pays higher than any agency on GS-scale.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The CFPB even worth applying to if you don’t have an Ivy League or equivalent law degree?

Is* the CFPB even worth applying to if you don’t have an Ivy League or equivalent law degree?

Nope -- unless you have a resume that's stellar for other reasons such as you're a well-known expert in your field.

Agreed. Many of the hiring people apparently think that Ivy League/Top 20 guarantees quality - there's definite snobbery.