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Have an offer at Citi for 120K as an AVP in the NY office. Currently making 92K at my current role. Is this a fair offer? I currently WFH pretty much full time at my current role but it seems like this one requires 2-3 days in the office - and this is something I’m very hesitant about. Thoughts on how to approach this?
Im not searching for a new job but an acquaintance reached out about a similar role at a similar energy company.Turns out 2 ppl threw my name in the hat. I looked into it and the position was posted 2 weeks ago.Their director wants to meet.I bet pay is one of the first things to be discussed so that no one’s time is wasted.Am I crazy for not wanting to entertain it for less than 20-25% base pay increase?Is it selfish to ask for more? I’m sure most salary conversations end in negotiation anyways?
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I am usually straight forward about expectations without being rude. Unfortunately being already employed helps, because it makes you "appear" more valuable. And you can just tell them you're not hopping and taking more responsibility without the comp. But you love their team and really want to be a part of it. Never come off as transactional or entitled. That's a nail in the coffin. People pay for quality, and they don't haggle for a Rolex, for example. When lowballed the dealer just politely, closes the little watch case, and puts it away. They assume this buyer isn't at that level.
Thank you for the thoughtful reply. I am currently employed, under no pressure to leave my current job, and have 25 years professional experience and 15 years in my particular field of expertise, if that helps to frame it.
Talk about your experience and how you can come in already doing high-level work, mention what specifically is exciting to you about this opportunity, and then give your higher number. You are in a good position because you can say no.
Coach
If you have to start a role capped out in terms of salary, then maybe this lateral move isn't right for you at this time, as it sounds as though tou are lookingfor a growth opportunity. There is nothing disrespectful about leaning into your expertise and experience to ask for more, though all the respect in the world won't magically transform this role to be the right fit for both parties at the salary that you require.
You also need to look at it from the companies view. If they bring you in at the top of the band what does that look like 2-3 years down the road? They are going to spend time training you and shortly after you’re going to be upset that you are getting little to no raises and will likely leave.
Based on what you’re describing if this is a lateral move then you should expect around lateral pay. Occasionally companies may pay more to poach people and bring them in but that’s pretty uncommon in today’s market unfortunately.
I’d the company is already telling you that if you oversell your experience they may decide you are overqualified given the pay they are willing to give for the role.
So, the pay band has a $65k spread. In the dead middle of that, I would see a nominal bump in base pay. And if you assume "most" raises per year are merely a COLA of between 3% and 4%, it would take me about 8 more years to hit the ceiling.
So I guess I need to know how long my Manager has been there, what the traditional promotion cycle looks like, etc.
I'd also prefer not to wait 8 years for a promotion to the next level, but things can happen for the better, so it's speculative at this point.
At the end of the day it is basically take it or leave it. I agree with IBM 1, you don't want to start a new role already capped out. You can try to negotiate a little higher than what they are offering but they probably won't let you cap out.
I qualify for the top bc of xyz.
Otherwise be willing to walk away. That’s ultimate leverage.
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Coach
My company likes to start people at the low end. So I hope it works out great for you!
I would speak to your experience and where you are in your career now. I think you have a lot of advantages being employed and clearly knowing what you want so that can be helpful context for framing too