Quick Background: Booth MBA grad (June 2016), evening program, still working full-time at my current (soon to be former) employer. Been heavily invested in my job search and just got my first offer, to join Strategy& in Sydney as a Sr. Associate.
My question is this: their first offer was 148k base, 22k signing, 5k relo, avg. annual bonus of 18% (25% max). So, on paper, this looks like a decent offer in line with what I've seen recently on some of the. However, what I don't know is whether these amounts are quoted in USD or ASD (asking for clarification). Obviously with the exchange currently at .75 ASD / USD, this goes from a 'market' to a lowball offer, given that the relocation duration for me likely going to be only a year or two.
My questions are this:
1) I assume these offer letters are negotiable? Would love to know before I do something foolish
2) If quoted in ASD, would it be inappropriate to ask for an adjustment for currency translation?
3) Would it be appropriate, separately, to use COLA as a negotiating lever - Sydney being 11% higher than Chicago
I've got about a month to accept this offer and am also trying to nail down an offeramong some other things in process. While I'm certainly excited at the prospect of a workcation in Sydney for 1-2 years, I need to be sure I'm not shooting myself in the foot financially.
Any advice is appreciated!