Negotiating Salary: I was offered a position at a boutique firm in NY, I am able to negotiate my salary as an out of undergrad consultant. I am thinking of saying my expectations are $120,000 just based on the 33% HTI ratio; based on nearby neighborhoods where my office is located. I also will be obtaining my masters next May which should add a bit of value to the firm. Does that sound reasonable as my “ideal” salary? I don’t want to sound money hungry and seem off-putting to HR.

funnyhelpful
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Don’t ever worry about sounding money hungry in this world, especially when the money hungry folks are the ones who get ahead!! You ask for what you’re worth. 💪🏼 I learned this the hard way. I was a social worker making so little so when I came into this world I accepted the huge salaries in this industry with starry eyes and realized quickly I had to change my attitude because people worse at the same job were getting paid much more.

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Thanks, that is one way to think of it! I just didn’t know how it would be perceived by the team.

Is this for consulting? If so I think it’d be tough to get $120k anywhere right out of underground unless you have a super niche skill set. Agree with the above though that it never hurts to ask!

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Thanks for the insight and I have a technical skill set but have interned in PE and so it’s very lucrative for the firm I am looking at because of the market spaces they are trying to grow into. So I’m going to go for it, worst that they could say is that’s a bit high, then we can negotiate from there.

If you ask for a higher salary they’ll wonder where all your self confidence is coming from and think you must be valuable.

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Unless they're one of the boutiques with very high bill rates, $120k is *likely* out of the question for entry level, but shoot your shot

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120 fresh out of under is pretty agreessive, even in a T1. MBB won’t even meet what you’re looking for

That’s a high COLA though - most other places may give an extra 10-15k at most

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