Pay, for comparable corporate-level positions at other companies, is a little behind in my opinion, and raises have been non-existent throughout the economic downturn. I understand this is more a function of the economy rather than regular business practices, but as a young professional with a recently completed MBA, it is discouraging to have to take a 5% pay cut, see raises and bonuses stop altogether for the last two years, and not have any real opportunity for advancement. Even in good times, annual increases barely rival inflation, and "promotional" increases are capped. Promotions are not given by merit. You have to interview for open positions along with all other internal candidates. Can become a bit of a political game. Also, many of the perks that made working at FedEx special (personal jumpseat privileges, discounted retail gift cards, pension, etc.) have been watered down or discontinued altogether.