Ask Brianna: Should I ask for more money at my first job?
鈥淎sk Brianna鈥� is a Q&A column from NerdWallet for 20-somethings or anyone else starting out. I鈥檓 here to help you manage your money, find a job and pay off student loans 鈥� all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to聽askbrianna@nerdwallet.com.
This week鈥檚 question:
I got an offer for my first full-time job, and the salary is lower than I expected. Should I ask for more money?
I didn鈥檛 negotiate salary at my first two jobs after college. The first was a government position with a set salary limit. When I got the offer for my second job, at a nonprofit, I鈥檇 been out of work for months and was desperate to move out of my parents鈥� house. I took the first offer the organization gave me, which came out to about $25,000 a year after taxes 鈥� not much to live on in New York City.
My hasty acceptance became more of a problem the longer I worked there. My raises were based on the original salary I hadn鈥檛 negotiated. Eventually I was earning less than my peers at the nonprofit, many of whom had negotiated for higher starting salaries and gotten raises on top of those. I got a conciliatory 鈥渟alary bump,鈥� but I didn鈥檛 feel much better. I was embarrassed that I hadn鈥檛 spoken up for myself, and I could barely save a dollar after paying for rent, food and student loan bills.
Let my experience be a lesson to you: Whether you鈥檙e a man or a woman, a new grad or a career changer, you should聽聽when your employer offers you less money than you know you should be paid.
So why is it so hard to ask for more money? Maybe you鈥檙e worried, like I was, that it will make you seem greedy and ungrateful, or that the company will withdraw its offer. Maybe you have no idea how to start the conversation.
Nearly 60% of all workers聽聽by the career website Glassdoor in May 2016 took the first salary offer they received at their current or most recent job. Women were even less likely to negotiate than men: 68% of women didn鈥檛 negotiate, compared with 52% of men.
鈥淭he particular challenge is that we鈥檙e not necessarily taught how to do this,鈥� says Lisa Ernst, executive director of Savvy Ladies, a New York-based nonprofit that offers financial education for women. It can be especially hard for women to negotiate, she says, because 鈥渢hey don鈥檛 want to be seen as aggressive and unlikeable.鈥�
Some employers, like my first, have salary bands they can鈥檛 or won鈥檛 budge on. But in most cases, hiring managers expect you to negotiate. I negotiated salary at my third job, and I survived 鈥� and got more money.
Only 6% of employers said they were never willing to negotiate with entry-level employees, according to a聽聽conducted last year by my company, NerdWallet, and the recruiting platform LookSharp. Three out of four employers said they were not only willing to negotiate, but had room to increase their initial salary offers by 5 to 10%.
To figure out how much you鈥檙e worth, look up the average starting salary in your role where you live. Ask the career services director at your school, alumni in your field and connections you鈥檝e met at industry conferences what the going rate is for recent graduates in the job you鈥檝e applied for. Check online resources like聽. Come up with a baseline number and decide you鈥檒l negotiate if you鈥檙e offered less.
Then practice what you鈥檒l say if the offer is less than what you want 鈥� do it with a friend, a pet or while looking in the mirror. Your script should include gratitude, excitement at the job opportunity and a specific counteroffer. Most importantly, say why you deserve more and focus on the value you鈥檇 bring to the company.
For example, your response could follow this model: 鈥淭hank you for the offer, and I couldn鈥檛 be more excited to join this company and to contribute to the team. Taking into account the market rate for this area, I believe that [insert amount] is more in line with my skills and experience.鈥�
Done respectfully and with research to back it up, negotiating will make you look good. A full 76% of employers told NerdWallet and LookSharp that new grads who negotiated seemed confident, while only about 25% said they seemed entitled. Besides, if your potential company rescinds its offer over a request for an extra $5,000 a year, maybe it wouldn鈥檛 be all that delightful to work for anyway.
Brianna McGurran is a staff writer at NerdWallet, a personal finance website. Email:聽bmcgurran@nerdwallet.com. Twitter:聽.
This article was written by and was originally published by The Associated Press.
