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How successful have you been in negotiating salary upon a job offer? For background, Blackrock and Citi offered me a job but salary is about the same of what I currently get at GS...

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I started my career at 42k, then 80k then finally 120k. This was all within a 4 year span. I’ve always negotiated my salary before accepting the offer.

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It takes practice to get comfortable with negotiation. Negotiation also has to be fair for both parties: they won’t hire you if you’re too expensive and you won’t work for them if they’re too cheap. Every situation with a negotiation will be different. No one size fits all. Also just because then say no to your counteroffer doesn’t mean you’re not successful at negotiation. If they say no to an increase, ask for a paid week or two upfront. If it’s a 3-5% increase with external offer you tell them no way because you can get that just by sitting there at your current job. Negotiations is an art and every situation will be different. Sometimes you have to go as far as turning down the offer only to have employer scramble back with a great offer. Moving externally is a risk so don’t do it if it doesn’t make sense in both purpose and compensation. Yes pay is very important but it’s not the only thing that is important. The job opportunity should be the right projects with the right kind of people and if you have that, you’ll be very happy.

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If they really want you ( i.e. you were the best candidate ) they will meet you. I’ve also seen higher ups try to be budget conscious and take the 2nd best person if they can save money on payroll . Good luck

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I agree - I think it's worth a shot to ask but you can't push too much. The market is active, you should definitely keep applying

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Market is active. Unless the role is too attractive, you should move with some bump atleast. I also have offers from both of these firms, and I am still evaluating what to do. But Citi is weird as they won’t tell me what to expect their bonus % but definitely stretched their base. So that’s possible. Blackrock gave me an offer to the lowest end of my demand and then they refused to negotiate. But overall both are still over my current and in this market, I would say, with a GS brand name and more people leaving after bonus payouts, you shouldn’t make a flat move. Very rarely do you have finance markets so active so make use of it :-)

likesmart

What role arr you saying 30% for?

A firm offered 20% above my salary and i was able to get them increase their offer 15% more but things didn’t work out

likesmart

Someone I knew told me about it and gave me a few contacts of people who worked in his team. I contacted them and they had similar thoughts. He interviewed me 3 times in a span of 2 weeks, which says a lot about him. And i was looking for an associate role. It would make sense if I was interviewing for a much senior role.

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Tell them that your current salary is the same as the offer. They should increase it if they really want you. Then, you can pick whoever gives you more if all else is equal

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How is negotiating with GS? Im expecting an offer soon

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Do they know what your current salary is? It would be fairly unreasonable to expect you to move between companies for the same exact pay.

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GS increased my salary last week. Blackrock and Citi knew my salary and told them I was probably getting a raise in mid-January.

Anyone know the salary range for control and reporting analyst in the Tampa area? I’m with GS is salt lake and I feel like they are low balling

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You just have to document evidence for why you would want a raise. They can always have 10-15% buffer room in case of negotiations

It depends if working 96 hours at GS vs 84 at BlackRock or Citi plus are you actually functional working like that or would it make sense to join an RIA if you want more time to yourself maybe only working 47 to 54 hours a week generally?

I’m assuming registered investment advisor. (E.I. Firm)

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