FINRA Referral Bonus Program for Tech/Product Roles

The Financial Industry Regulatory Authority (FINRA) offers a referral bonus program to encourage employees to refer qualified candidates for open positions within the organization. This program is particularly beneficial for tech and product roles, where specialized skills are in high demand. Below is a detailed overview of the referral bonus structure, with a focus on tech/product roles.

Overview

FINRA's referral bonus program is designed to attract top talent by leveraging the networks of current employees. The program aims to fill critical roles efficiently while rewarding employees for successful referrals.

Eligibility

• Eligible Positions: Most open positions at FINRA qualify for referral bonuses, with a strong focus on tech and product roles such as software engineers, product managers, data analysts, and UX/UI designers.
• Eligible Referrers: All FINRA employees may participate in the referral program, except for those involved in the hiring process for the referred position.

Referral Bonus Structure

• Tech/Product Roles: The referral bonus for tech and product roles is competitive, reflecting the high demand for these positions. The estimated bonus for successful referrals in these areas ranges from $3,000 to $5,000.

• Other Roles: For non-tech/product roles, the referral bonus typically ranges from $1,000 to $2,500, depending on the level and criticality of the position.

Payment Process

1. Submission: Employees must submit referrals through the official FINRA referral portal, providing the candidate's resume and any relevant information.
2. Interview and Selection: The referred candidate must complete the interview process and be selected for the position.
3. Employment Duration: The bonus is paid out once the referred candidate completes a predetermined period of employment, usually 90 days.
4. Payment Timeline: Referral bonuses are typically paid out in the next payroll cycle following the candidate's completion of the required employment period.

Program Benefits