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re: Millennials: Not Negotiating Your First Job Offer Will Cost You (up to $0.5M)
Posted on 9/14/14 at 9:17 am to yellowfin
Posted on 9/14/14 at 9:17 am to yellowfin
I work for a large pharma corp and we only get raises once a year or if we get another position in the company at a higher pay grade. I tried to negotiate when I went from hourly to salary based on time there and performance, they gave me the same offer and pretty much said take it out leave it.
0
Posted on 9/14/14 at 5:52 pm to yellowfin
quote:
yellowfin
If you don't mind me asking, what kind of business do you own?
Posted on 9/14/14 at 6:19 pm to Jcorye1
Preach it, THF
Posted on 9/14/14 at 6:24 pm to Jcorye1
(no message)
This post was edited on 9/14/14 at 8:50 pm
Posted on 9/14/14 at 6:33 pm to yellowfin
(no message)
This post was edited on 9/15/14 at 7:51 pm
Posted on 9/14/14 at 7:40 pm to Jcorye1
The reality is I have found little room for negotiation early in my career. Your experiences are going to be the best selling point. If you can sell your exposure, then that will result in better pay...but it doesn't give you 'leverage' as someone who has 10+ years experience.
Posted on 9/15/14 at 11:11 am to lynxcat
Spot on.
With that said, when you are making a career move (changing companies) it is VERY important to negotiate salary. I do it and do it aggressively. This is where you make your real dough.
With that said, when you are making a career move (changing companies) it is VERY important to negotiate salary. I do it and do it aggressively. This is where you make your real dough.
Posted on 9/15/14 at 1:13 pm to yellowfin
I'm almost positive that if I tried to negotiate, they would have shown me the door 
. Everyone makes the exact same when you come into our company (as an engineer). Merit based raises come after about year 2. I don't think I've negotiated any raise yet. I do however have a good relationship with all of my managers and feel like they all have a pretty good idea of what I expect when I take on new positions. I usually set a target in my head. Last two rasies, they've met it or exceeded it. I think once you are in a position, let your manager know what you think you are worth and feel them out. If they don't think you are worth it, then convince them. Then they'll know, and you should get what you deserve.
. Everyone makes the exact same when you come into our company (as an engineer). Merit based raises come after about year 2. I don't think I've negotiated any raise yet. I do however have a good relationship with all of my managers and feel like they all have a pretty good idea of what I expect when I take on new positions. I usually set a target in my head. Last two rasies, they've met it or exceeded it. I think once you are in a position, let your manager know what you think you are worth and feel them out. If they don't think you are worth it, then convince them. Then they'll know, and you should get what you deserve.
Posted on 9/15/14 at 3:22 pm to KG6
Just graduated and May and started a new job in August. Didn't have the option to negotiate my salary in public accounting.
Posted on 9/15/14 at 7:51 pm to BeYou
quote:
Just graduated and May and started a new job in August. Didn't have the option to negotiate my salary in public accounting.
Did you get in with the Big 4 or a regional?
Posted on 9/15/14 at 8:15 pm to Jcorye1
How should I negotiate for a signing bonus (assuming I get an offer)?
It's a job I really want so it's not a deal breaker but I don't want to leave money on the table.
It's a job I really want so it's not a deal breaker but I don't want to leave money on the table.
Posted on 9/15/14 at 8:52 pm to Croacka
Say you have variable pay owed to you in your prior position.
Posted on 9/15/14 at 10:36 pm to Jcorye1
quote:
Did you get in with the Big 4 or a regional?
Big 4.
How did your CPA exam go? I passed Audit but have no motivation for starting my second one.
Posted on 9/16/14 at 12:16 am to Croacka
A new grad can definitely negotiate for salary if he has other offers. If two companies really want you, they will compete for your employment.
I think you can get away with negotiating even if you don't have another offer, provided you are willing to risk a little. They don't want to lowball you either if they are a halfway decent company. If you aren't happy with your pay you probably won't stick around long. I would say something like "I think the offer you gave is attractive, however, after speaking with several students I feel it is on the low end. Is this the best you are willing to offer for my employment?"
I think you can get away with negotiating even if you don't have another offer, provided you are willing to risk a little. They don't want to lowball you either if they are a halfway decent company. If you aren't happy with your pay you probably won't stick around long. I would say something like "I think the offer you gave is attractive, however, after speaking with several students I feel it is on the low end. Is this the best you are willing to offer for my employment?"
Posted on 9/16/14 at 12:17 am to BeYou
That's pretty cool. I have a, erm friend, who might be going that route sooner than later.
I got a 70 :(
I'm starting on Audit right now. I've become quite motivated recently to start passing sections.
I got a 70 :(
I'm starting on Audit right now. I've become quite motivated recently to start passing sections.
Posted on 9/16/14 at 8:24 am to TheIndulger
quote:
I think you can get away with negotiating even if you don't have another offer, provided you are willing to risk a little. They don't want to lowball you either if they are a halfway decent company. If you aren't happy with your pay you probably won't stick around long.
Yeah I can't help but think that some of the responses here are boomer flame designed to discourage young grads from asking for more money. If they offer $33,000, and you come back and say "well I think the position is more like $35,000 for x, y, z" is the company really going to say "never mind, you're fired." (If the answer is yes, you probably didn't want to work there anyway).
Of course all this assumes that you have some kind of leverage, ie, there has to be some possibility that you're willing to walk away. If you've been out for 9 months and this is your first job offer, different story.
Posted on 9/16/14 at 9:32 am to Jcorye1
you need to leave your job and go do your time in public so you can land a good industry position
Posted on 9/16/14 at 8:23 pm to Cold Cous Cous
quote:
Yeah I can't help but think that some of the responses here are boomer flame designed to discourage young grads from asking for more money. If they offer $33,000, and you come back and say "well I think the position is more like $35,000 for x, y, z" is the company really going to say "never mind, you're fired." (If the answer is yes, you probably didn't want to work there anyway). Of course all this assumes that you have some kind of leverage, ie, there has to be some possibility that you're willing to walk away. If you've been out for 9 months and this is your first job offer, different story.
Boomer flame?
Honestly, the point I think everyone is saying is that college grads have 0 leverage so trying to negotiate is just silly.
Posted on 9/17/14 at 8:37 am to MStant1
quote:
Honestly, the point I think everyone is saying is that college grads have 0 leverage so trying to negotiate is just silly
If college grads had no leverage, they would all be paid minimum wage. That obviously isn't true.
Contrary to the boomer flame being run on this board, companies don't hire you because they're doing you some kind of favor for which you should be eternally grateful. They hire you because they think you can add more value than you cost, in the short run or long run.
Posted on 9/17/14 at 9:35 am to Cold Cous Cous
quote:
If college grads had no leverage, they would all be paid minimum wage. That obviously isn't true.
Meeeeh. You are correct in theory, but not in actual practice.
quote:
Contrary to the boomer flame being run on this board, companies don't hire you because they're doing you some kind of favor for which you should be eternally grateful. They hire you because they think you can add more value than you cost, in the short run or long run.
To which, if you ask for more money, they will hire the almost carbon copy version of yourself for the price they quoted you.
Sorry to burst your bubble, but a good portion of the entry level jobs out there are pure and simple meat markets.
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