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Tough situation got there because 1) your company was very accommodating with your situations 2) you like the company.
What makes it tough are also 2 things 1) as Zedbra said, you have to get out to move up. 2) depending on the size of your company, big fortune 100 companies are based on titles, to get anything adjusted is close to impossible as pay is tied to title.
Just state facts with numbers supporting on your contribution; provide a few market value comparison to justify your case and just walk away. I've seen many people try to get a YES and it never works.
a) Just have a conversation and tell the manager to think about it and ask for a review / follow up in 3 weeks.
b) Follow up within 3 weeks (to make sure it was brought up to higher up) and if the higher up says NO, ask your manager if it is OK if you go talk to the VP directly.
c) Talk to the VP directly.
If you don't do these 3 steps; manager just brushes it off, VPs might not even know about your request.
Step 3 also ensures you don't go above your manager. NOTHING worse when you try to talk to the VP and turns out the manager never even brought it up.
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