base pay
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Kinda tough to negotiate on something like that.
You need to find out if they give you any sort of per diem or living stipend for moving from location to location or to compensate for various cost of living. My companies FLDP program covers cost of living (rent/moving, etc) for its members
Unless you have other offers on hand, you don't really have much leverage to negotiate here in my opinion.
Is it higher than you're currently being paid or are you taking a paycut? Asking for 9-18% more is quite a bit without any kind of leverage. I'd just take the offer if it's something that you'd be interested in doing, to be honest.
I think the general rule of thumb is to negotiate as soon as you get the offer. Once you hang up the phone, the boat has sailed, because they know its within your "acceptable" range. If it wasnt acceptable, you probably woulda made a fuss.
It's the same as I'm making now but I am due for a raise at the end of this year..
So you think I should just take it? It would be kind of akward calling back and bringing it up.
Thats what Im saying. You can try, but it wont go over well. Youve already signaled that its acceptable.
On the other hand, I wouldnt blame you for trying. Frankly, I wouldnt even consider an offer unless there was a 10k differential, and have already walked away from several that wouldnt meet that criteria.
However, please understand that when you ask for more, you need to be willing to walk away if you dont get it (and also understand that they may walk away without recourse).
Why do you have to be willing to walk away? Can't I just say ok that's fine I'll just accept the first offer then?
Because if you simply ask at this point, they will say no.
You will need to apply pressure to move the needle. When recruiting for a class of analysts, HR will be very hard pressed to increase your salary unless the following three criteria are ALL met:
So, game theory. Just think about it.
doesnt hurt to ask though, no? if they say no, i accept what was originally given to me.
if they say yes and give me 3k, thats more money in my pocket
Personally, I'd go for it. But I feel as though I have plenty more options if I miss out on one.
However, if this is your ideal next step, you have no other options, or you will be depressed if you miss out on the opportunity - I would just shutup and take it.
That being said, I did negotiate when I was hired into my analyst class and got an extra 5k base out of it by pretending I had other options (I didnt). However, when my annual performance review came around, my salary boost was 5k less than all my peers. In hindsight, it wasnt worth the risk.
Damn, didn't think about it this way. In that case I guess asking for a few grand more would be almost pointless, since they would just give it to me in order to make me "happy" but ultimately deduct it out from future promotions/bonuses which i understand... It would also make me look like bad, in a sense, before I even start.
i am positive they won't rescind the offer if i ask politely and tell them everything looks good and the only thing i am iffy about is the fact that i would be taking a pay cut. And proceeding to ask if base pay is something that can be negotiated..
It would only make you look bad if you are being hired into a specific team (because then you are actually negotiating with the team's manager, and HR is a mediator). However, if you are going into a generalist pool, then only the HR rep will know.
Also, consider that maybe your base will increase by an equal amount as your peers after your first year. Who knows? Maybe I just sucked, or maybe all banks dont work the same way. Im just one datapoint
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