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When you get to the offer stage, ask if you can have a 15 minute discussion about compensation. I would keep it to these points
- I'm very excited to work under you and learn
- For this to work, this is the comp range I am targeting. Does this work for you, and what would you need from me to see the high and low points of this range?
- I am a professional/adult, and I am here to play on the team no matter what is asked of me. I am not a hired gun out for a certain range, then out to lunch.
I would not discuss:
- All of this consulting salary buildup/wife/whatever. No one cares. You should get paid a market range based on your performance, doesn't matter what's going on in your personal life. You are there to do a job
- "I need this to be equivalent" - your firm/PM is not solving for what works for you. They are going to pay you what they think is fair and that is entirely up to them.
Anyone who is an experienced PM/manager on the street has had countless comp discussions and negotiations - I'm sure this guy knows how to do it. If he isn't willing to discuss or meet your range, you probably should look elsewhere as that is a very strong adverse signal.
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not sure if this applies to HF space, but when i got my offer at a BB, i started discussing signing bonus, to which they responded "learning point: you negotiate compensation before you receive the official offer. this offer is in the books and will not change at this point" - again not sure if different for you but that's where i get nervous for you, waiting for official offer
I agree that you wait for the offer. But you let them go first. You don’t suggest the first number or range. That’s for them to do. They know how much you make. So let them lead and then you decide how to respond.
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Happy for you bro. That’s indicative of good culture at your new firm - many talk the talk, but ultimately you judge culture by what actually happens. Hope you stay and prosper there for a long time
A+
always a reminder to let them lead.
idk
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