Internal Transfer Offer Letter 1st Year Financial Analyst
I received an offer letter for a Financial Analyst position yesterday located in the company's corporate office. Currently I am working onsite as a leasing agent. The promotion would be an internal transfer which is rare considering I only have 1 year experience working onsite right out of college. The offer letter presents a lower salary base than what the market rate is, but everything else I'm fine with. The position would open up a great opportunity to network and work alongside management and reputable people in the industry.
My goal was to be onsite for only 1 year and move forward into a finance role in multifamily. In your opinion, would I be able to negotiate the offer letter without jeopardizing the only offer I have at the moment?
You should both negotiate and be ready to accept a slightly lower base.
You negotiate because it's the thing to do and often times it's expected of you. Give a reasonable counter along with a short explanation as to why and see what happens.
Then, honestly regardless of if they budge or not, you take the job because that is a major bump and is exactly what your goal was. You can always re-negotiate for a raise or leave for a similar role at a different company after a year or so. That's not difficult. Going from on-site leasing agent to financial analyst, however, is very difficult and very uncommon. Don't discount that for a few thousand dollars.
Congrats on the bump. Your comp might not be going up as much as you want it to, but your "status" within the industry will be exponentially higher. I'm fired up for you here at my desk and I don't know you at all. This shit is exciting.
OP, this is a good point that I did not emphasize, leasing agent ---> analyst, you take it, period. That being said, demonstrating that you know what the market rate is for analysts and that you negotiate for it signals confidence.