Salary negotiation [URGENT]
I did research about my situation but couldn't find anything relevant. Suggestions and ideas will be appreciated. I have 2 offers, EY (Senior Consultant) and FedEx (Business Product Analyst 3). EY: 107k base, 10k joining in Dallas FedEx: 94k base (trying to match 107k), 10k, one month sal for relocation joining in Memphis EY asked for my expected salary and I mentioned 100-105k. They offered 105k without any bonus. I told them about a counter offer, 107k+10k. They agreed to match that. Is there any room for further negotiation with EY? Is yes then how should I present my case? (They haven't offered me in written yet) How should I decline offer with FedEx even if they match the offer? Also I am expecting experienced associate offer from PWC but don't think they'll offer this much. #finance #consulting #negotiateoffer #negotiation #big4
Sorry to say that, but you started it wrong. Nothing you can do about it now
How should I have started then?
1. Never give a desired salary. Your negotiation power in the information. Just mention that you are interviewing with other companies too. 2. When they are ready to give you an offer and ask for a salary, tell them you have no idea yet because you have other offers coming. [Remember: your information is your leverage. By giving this information you give away your leverage.] 3. Next step is to sell your motivation: I am excited to have your offer and it is great. I really want to join the company. However I have other strong offers. In addition, I need a money for... (some dream). Maybe a house, maybe to help your family, whatever. It is easy to say 'we cannot give you more' but much harder to say 'we reject your request to fulfill your dream'. Set a deadline for your decision. 4. Last step: sell your promise: you might say you know, even though your offer is probably not the strongest but it decent. I wonder if you can raise it by [give exact number]. I love your company so much that I am guarantee I will accept your offer if you can do this for me. Something like this. You still might be able to use some of the ideas
Do not decline the offer with FedEx on there any circumstances until you get the other offer in writing
Got it yesterday
When you negotiate always use “we”. What can “we” do…. It shows you’re already thinking of yourself as part of their team and are looking for ways to make the deal work. “I” and “me” says you’re only looking out for yourself, which may be true, but as a team player you’re looking for a way both parties can be happy and you can get the outcome you’re looking for.
Lol! Sounds like the most childish thing ever. Negotiations don’t need team players
Set that declination email exactly how they do. “I’m sorry, but while your offer was impressive, I’ve decided to go with more competitive offers. I will retain your information in my database for up to 1 year. “
Savage 🔥
Love it!
Big 4 comp is directly related to group. I’m a senior at 155 in SAT-TCF. I know SAT-EYP SENIORS at almost 200. Is it SAT, consulting, FAS?
It's tech consulting-FSO
I’d find a better group tbh
Might be hard to further negotiate with EY because they met your expectation and have matched a counter offer. Anything further may be seen as you playing the companies against each other. Worth trying only if you’re willing to lose one. I would genuinely ask, which job and company sounds more interesting and engaging for you. At the end of the day, with only a $10k difference (if you can’t match it) I would prioritise based on the job that I believe would be more satisfying for me day to day. Just my two cents.
I agree. Decided to go with EY.
i would go with EY not Fedex, the traditional industry will not help much on your future career
If you are on H1b, just pass on EY
Why do you say that?
2nd this!
How much more are you trying to negotiate with EY and why, especially if they are willing to match your first counter? If you can get FedEx to offer higher than $107k+$10k, you can present it again to EY but at that point you would need to promise to sign the offer.
This makes sense. Thank you! Also, how do you promise and negotiate at the same time? (Any ideas on that?)
How much more do you want?