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I did this a few months ago, I called the recruiter and told them how excited I was for the position, but another company was offering more. I made sure to emphasize they were my first choice (so they knew I wasn’t trying to make a bidding war happen and go with the other company). “I’d be able to make a faster and easier decision if you offered me between X-X to match the market rates and my experience”
Worked great! Increased salary by about 7%
Love this approach
Just reach out to the recruiter that you have another offer too and would be willing to join you instead if they can match the pay. Don’t let them know straight away that you’re willing to come for a little less too.