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...

likehelpful
Posting as :
works at
You are currently posting as works at

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.

like

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.

likehelpful

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

likesmart

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

like

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.

like

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

like

How is negotiating with GS? Im expecting an offer soon

like

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.

like

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

like

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

like

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)

likehelpful

Related Posts

Hi, please help me choose

Happiest Minds 20 lpa completely fixed or
EY 18 lpa fixed plus 15-20% as variable/performance bonus

what should I choose?

like

Hi,.
At i begin portal my profile shows as evaluated and salary discussion done with hr on Tuesday on phone call and not got salary structure mail and hr saying will release offer letter.

How many days it will take to release offer letter from TCS.

like

What is the salary range for level 11 Security Analyst in Accenture?

like

Suggestion required MSFT vs Amazon
Role ~ TPM
YOE ~ 10

MSFT (cybersecurity team)- TC $265K
Remote/Hybrid (connected with HM and got to know about team and role, good wlb)

Amazon (Ads Marketplace) - TC $263K
NYC/ Remote ( connected with HM and got to know that wlb is good and also got to know its a high visibility role / team). HM was really king enough to connect and provide insights of his team post clearing the loop.

Need help/suggestion Amazon Microsoft

Can anybody tell me, what would be the inhand salary ?

Post Photo
like

How Fidelity Banagalore provides the compensation ? Is that good ?

Hi guys,

I'm looking for referral at good product based companies, if you have any openings in fronted let me know. Thanks.

Yoe-3.2
TC:37L+stocks
Offer in hand- 46L + stocks

funnylike

How much TC can I expect for Senior Cybersecurity Advisor (level 1 or level 2 depending on how my interview went)? Interviewing for San Francisco location. YOE: 4 years of tech/consulting experience

like

I am a fp&a manager at Dufry Group making 120k P.a. is it good enough for this position? Or should I look for better opportunities?

like

HELLO All, PLEASE HELP ME.. I got an offer from StandardChartered and want to join the company but due to family reasons i cannot relocate to Bangalore from Pune. Now that i have a joining in a week, i need to discuss the same with HR. Please help as i want to join SC for financial reasons. Also, I can come to Bangalore for few days if needed for meetings n all but not permanently. I dont know whether the HR will agree to WFH policy or not? YOE: 10 CTC: 35 LPA DEVOPS

like
like

NYC associate/jr producer salary?

like

I've been selected for Oracle financial services for java microservices at 2yoe, but I read somewhere it's not as good as Oracle India, so is it product based only & good to join? Also, how much salary should I ask for while salary discussion? Oracle financial services Oracle India Oracle

I’m a technical consultant but sick of the low pay and bad benefits at SI firms. I have some opportunities at Big 4 with better pay & benefits. Will it derail my career to move to Big 4?

like

What is the average salary in Maine for an Commercial Account Manager with over 20 years experience

like

Just interviewed for a “JD Required” position and at the end of the interview was told the starting salary is less than I could be making as a legal assistant. 🧐🤔

likehelpfulfunny

Hi all,

How many years it will take to reach 1 lakh salary per month in tcs if someone starts as fresher.

like

What would be a good salary range to expect as a Senior Business Analyst role in Atlanta, Georgia? Background is 3 years of industry experience in India with a MS in Business Analytics from ASU. Any inputs would be appreciated!! Thanks.

like

Hi Fishes,
I have recently joined NTT data ,i was offered fixed 27 lpa+ 16% variable.Will i get variable,if so how they will pay.What is teh max salary for 7 YOE Grade 11

like

Hi fishes,

Could anyone from
Roland Berger India let me know about consultant salary range, wlb, culture and project Roland Berger

helpful

More Posts

Feeling gutted after being rejected in the final round of a very lengthy and grueling interview process. My stomach churns when I think of all the work I put in and how good of a fit the job was for me. Tips on getting past this?

like

Feeling pretty overwhelmed to work effectively and cope with new little one in the family (with little sleep). Did anyone have drop
in performance ratings after kids, and was the firm understanding?

like

Does anyone know what industries / competencies got hit by the layoffs yesterday? A few people mentioned it, but no one gave any details.

like

Hi, anyone from Slalom willing to refer please? Thank you!

like

Has anyone had a night nurse who can recommend a thank you gift when her time with us ends? She’s taken care of my baby for the first 3 months of his life during the work week (nights only). Some friends have suggested giving cash but I don’t know how much is appropriate…

Started a new job three months ago and finding out there is a good chance we will lose the account in another 3. Management has been looking but there are no other account rn and I'm a director.

like

Which stock broker is good to choose between fidelity investments vs Morgan Stanley to get Amazon rsu.

An Amazon employees working from Amazon India.

like

I look at this bowl- half of the issues here are visa related... I am 2nd gen desi and citizen by birth. Will it be considered +ve/-ve to talk about my this credential when dating desi girls? Punjabi desi here M 26. My favorites are those in research/teaching profession.

Anyone looking for or willing to hire Juniors atm? I’ve looked just about everywhere and thought I should try asking here. I guess if you don’t try, you don’t know. I appreciate any direction 🤞🏻

like

Does anyone know heard about this position BISO. Business information security officer

like

Currently doing some ok work, but have a job offer with a 30% raise doing different work. Love the people where I'm at. Don't know the new team yet. What would you do?

like
like

Realtors who work in big cities: have you ever considered working with listings in the Midwest? Or do you prefer the challenge of a ruthless market but that can bring greater benefits?

like

Ankura is hiring in Houston for our Forensic Accounting and Claims Consulting practice. Feel free to reach out to me if you are interested and would like to chat.

like

Took an industry job in a post MBA rotational program 6 months ago. Interviewed at the companies second largest office in a city where I'm originally from but was convinced to start at the HQ

Anyone have a strategy/perspective to help determine when to do a programmatic buy vs direct io buy? Are we at the point where everything should be programmatic unless you’re doing a partnership/sponsorship/custom content or can’t access inventory programmatically?

likefunny

Question for Clifton Larson: what’s the salary for a first year tax associate?

uplifting

Does anyone have insights into the current culture/wlb/career development at kearney in SEA?

Approached for an associate role but have only heard bad things (2years back). Does anyone know if things have improved?

like

Any techniques or ways to get a job abroad directly?
I am sure I can crack an interview.
YOE - 5+
Primary skill- Intelligent automation & RPA UiPath.

Can anybody help and share their experiences in how one achieved this?

like

What are the exit options for someone who practices state administrative law in Texas?

I work on electric utility cases before the Public Utility Commission. It's so specialized I'm not sure what to do if I ever want to leave my V100 firm.

I'm considering whether I should try to switch practices to have more options later on.

Thanks for your help!

like

Additional Posts in Finance

Ladies, need interview suit recommendations for a non-vanity-sizing size 4. Thoughts?

like

When you take a toilet nap and your coworkers totally call you out on it... 🙈🙊😵

like

Anybody been to any of those social concierge events in NYC?

like

When a girl uses "🙃" emoticon, what does this mean? Fishbowlers -- please give me your analysis.

like

Where are some of the best places to recruit research analysts for a hedge fund? Dont want to give out alot of info here -- but what web pages and other sources do people use?

like

We've all made it this far, which is great, but I'm wondering, did anyone choose a non-target school over a target and do you have any regrets now that you've started your career?

like

Anybody made a switch from funds to investment banking? What is your role and did you find anything challenging in doing so?

like

Thoughts on CAIA? Difficulty, hours studied, study tips, overall experiences, etc.? I’ll be sitting for Level 1 in September. Currently work in the fund of funds space - moving over to my firm’s hedge fund research team soon so CAIA seemed like a perfect way to get knowledge in the area beforehand. I’m almost one year out of undergrad (econ background) so a lot of the CAIA content is new to me

like

Why does the street, and people in general, care so much about the technicality & formal announcement of a recession (2quarters of negative GDP)? Q1 was heavily negative GDP and now FED Atlanta revised Q2 Fcst to 0.0% growth. Let's be honest with ourselves, we are in one now. Why does nobody think this narrowly and wait till data release day and then finally screech "wE aRe iN a RecEsSioN"

like

Been hearing a lot about the college debt burden. Let's compare... what's the debt number you've accumulated since graduating?

like

When overwhelmed with workload/too much activities on your plate given by multiple people, how do you guys phrase the communication n respectfully decline new task to minimize negative perceptions?

What are some side-hustles you do in your free time?

like
like

I just got laid off and I just don’t know what to say “if” I ever get an interview. Any tips would be appreciated. I know when you get laid off, no one wants to hire you.

Best resume writing services? Or any recommendations if you’ve ever used one?

like

Does anyone know what license does one need to be a FA in UK?

like

When your damn ED talks to the rest of the team with his back turned to you expecting you to hear and be part of the convo! God damn it - learn some manners

like

I wish I was rich.

like

In a shit relationship... need an exit strategy. SO is psychotic and clingy AF.

like

If you could work for anyone on the street, who would it be?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal