Salary Negotiation for Recent College Graduates

Graduating from college can be a very exciting time.able to do just that based simply on the fact that they
You are finally fulfilling the dream of starting the careerwent further in school.
for which you have been working so hard all thoseIt is important that you not sell yourself short. You do
years. However, reality may set in quickly if younot necessarily need to work for a small wage if you
cannot find the job you are looking for or are notbelieve you are worth more. But you first need to
offered the salary you were expecting. Mostresearch salary averages for your field of
graduates have little - if any - experience actuallyemployment and general locale. Many companies try
working in their chosen profession, so that lack canto "lowball" prospective employees. However, armed
make landing a related position even more difficult.with knowledge of average salaries in your specialty,
You may need to start from the bottom at an entryyou are better equipped to strike a bargain for your
level job while gradually working your way up themarket value.
ladder. This can be a difficult emotional adjustment, butYou do not need to feel compelled to take the first
it may be the only means of initially getting your foot inoffer that is given to you, either. Salary for the most
the door of your preferred employer. The challenges inpart is open to negotiation - within reason. Again, since
that scenario are that you may not be paid what youyou do not have experience, you will likely be limited in
think your skills and effort are worth, and there mayyour ability to negotiate a much higher salary, but even
well be a lot of competition for the very position youa small about above an initial offer is helpful.
seek.The most important rule of thumb about salary
As a recent graduate, unfortunately there is not a lotnegotiation is that you avoid discussing salary until a
of room for negotiation of salary. This is because youformal offer has been extended for employment.
do not bring a wealth of experience into the position,Doing so will first afford you the opportunity to
and you are still young. You normally cannot negotiateunderstand the core and peripheral responsibilities of
effectively something for work you have never trulythe position. That knowledge may help you during
done before, while applicants with experience will besalary discussions.
much better positioned to negotiate based on previousLastly, salary is not your only financial consideration.
positions.You need to weigh company benefits such as health
However, you still have the ability to figure out whatinsurance, dental insurance, and 401K plans as well.
you are worth. Depending on the type of degree youTaking the entire package into account will help you
graduated with, you may be able to successfullybetter analyze whether you are being offered a good
request a higher salary based on your education alone.deal to start your new career.
Many graduates with Master Degrees or PhD's are