If you feel like you’re underpaid in your your current position, there is a wealth of recent economic data to suggest you’re probably right – and you’re not alone. SoFi’s Q4 2015 Career Trends Report revealed two overarching themes that suggest 2016 is a great year to ask for a pay raise: low unemployment numbers and an ongoing lag in wages.

San Francisco, CA February 29, 2016 – Modern finance company SoFi today announced Anshu Jain, former co-CEO of Deutsche Bank, has become an advisor to the firm. Jain, who joined Deutsche Bank in 1995, is also expected to join SoFi as a board member in the coming months.

The appointment comes on the heels of SoFi making significant progress toward becoming a primary money, career and relationship partner for financially responsible consumers. To date, it has funded more than $7 billion in mortgages, personal loans and student loan refinancing. In the Fall of 2015, the company added longstanding SEC Chairman Arthur Levitt as a board advisor and announced a $1 billion funding round led by SoftBank and existing investors.

“Anshu’s experience of having spent a lifetime in markets and his entrepreneurial business acumen have been the hallmarks of his career. As SoFi matures and accelerates our growth, we expect to greatly benefit from his considerable experience.” said Mike Cagney, SoFi co-founder and CEO. “I look forward to him joining as a board member in the coming months – his insights and relationships will prove to be invaluable to us.”

“It is a great pleasure to get involved with SoFi,” said Jain. “As a rapidly-growing leader in fintech, SoFi has become one of the most closely-watched and dynamic forces in this evolving sector. I have been hugely impressed by Mike and the entire team, and I very much look forward to making a positive contribution to the firm.”

About SoFi 

SoFi is a modern finance company taking an unprecedented approach to lending and wealth management.  We’ve replaced the impersonal, transactional bank experience with a long term partnership, enabling our members to realize the full potential of their money, careers and relationships. Our members constantly push the limits of what life has to offer. Whether looking to refinance their student loans, buy their dream home, or simply seek advice as they ascend in their careers, SoFi provides the best products and tools to match their ambitions and propel them to new levels of financial greatness. More information at SoFi.com

For media inquiries:

Debra Jack, SoFi

415.706.5012

[email protected] or [email protected]

Asking for a raise can be an intimidating prospect, but the truth is that it’s more dangerous not to ask. The longer you stay in one job without a significant pay increase, the more likely you are to make below market rate when compared to your peers.