Hello everyone, What is the best way to support theory about your salary expectation when you get a job offer? Are there any well known tools out there to calculate your real value? Additionally, is it ok to share statistics from websites such as Ziprecruiter or indeed.com when you provide the market average? I got a job offer from a Fintech and they offered me around $70K. However, based on my experience, education and certifications, I should be getting an offer around $100K-$110K. How would you handle this situation? I have 5 years of experience in AML field, 2 years of relevant MA, and several certifications. Thanks for your help. #finance #interview #salarynegotiation
I’d check compensation range - here, Glassdoor; so you know what you can ask for
What is the stage of the company? Sometimes they just can't afford the market average.
I think u can use online resources as ur personal barometer for what you are targeting but companies won't negotiate off of that. Unless you are willing to walk away, I wouldn't mention those resources. If you are willing to walk away you can tell them what you are targeting and that u feel with your experience and blah blah blah that is reasonable. I probably still wouldn't mention the online resources tho. Only thing worth bringing up is another offer
I think you should be able to quote your expectations and let them convince you why you should go for 40% lesser. If it got to the point you have to justify what's your worth with documentation, is the job worth it?
Salary/TC is part of your due diligence, what does the role pay at this company, at similar firms and the you may consider other factors. Plenty depends on YOE and the perceived contribution you are bringing to the company. To try to negotiate at the time of a job offer is too late IMHO.
Walk away. It's way lower than your expectations. They probably can't even go that high. Just tell them it would not be a fit for your budget.
Enhance your BATNA
Look, you really have no bargaining power without an alternate offer in hand. Also, please dont tell your recruiter you want $30k more based on what you posted here unless you are ready to walk away. You will just make yourSelf look bad. Instead of thinking about how to milk more money from this offer, make a plan on how to make yourself more desirable and competitive enough to get an initial offer of $100k+ which is what you think you are worth
Just say you already make more than what the offer. They’ll go up.
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Check levels.fyi for similar position in other companies and the company , where you have interviewed.