I've worked for the same company for 4+ years since graduating with my BSME. Through various internal shifts I ended up getting some significant raises very early in my career and now make 90k in a lower cost of living area. Seems like a good problem to have I realize, but I'm not terribly satisfied in my job and have been looking around. I recently interviewed for a really interesting sounding position and it was going well until the interviewer kind of deflated upon hearing my current salary. This isn't the only time this has happened either. I feel like I'm marketable enough, but people get turned off by a 27 year old with not a lot of experience and a way above market salary. How can I approach convincing interviewers that I understand my salary is inflated without inadvertently selling myself short?
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High Salary Early Career Job Search Woes 3
- Thread starter cm566
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SandCounter
Mechanical
Don't tell them your salary.
I used to count sand. Now I don't count at all.
I used to count sand. Now I don't count at all.
- Thread starter
- #5
Well I'm certainly not excited about a cut. I'm also realistic enough to realize that what I make now is, for whatever reason, well above market for my experience. So yes, I'm willing to take a cut. I want to figure out how to not scare off employers and how to effectively minimize the cut I'll have to take. For this last interview I tried to emphasize that job satisfaction was worth something to me. They said they'd talk about what they could potentially offer and get back to me.
I think even if you say you're willing to take a cut employers assume you're going to be at least somewhat disgruntled about it and it's a mark against you in the hiring process.
I think even if you say you're willing to take a cut employers assume you're going to be at least somewhat disgruntled about it and it's a mark against you in the hiring process.
I'm personally of the opinion that honesty is the best policy. Informing them that you're aware your current salary is higher than market average for someone of your age and experience, and also informing them that a lower wage for improved job satisfaction is acceptable to you, would likely go a long way in actually receiving offers. Be prepared to say no to significantly low-balled offers, have some evidence at hand for the average wage for someone in your position and the standard deviation from that wage. Our professional association publishes the salary survey yearly, however it is only as accurate as the people responding.
wtxhorsman
Mechanical
Have you done some market research to see what the earning curve is for the positions you have applied for? It wouldn't hurt to take a look and see where you would be willing to land on the curve. Especially if these new positions are in different industries than what you are currently in.
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- #8
Salaries tend to be discipline and locale constrained. I know of several 25 yr olds that are making $150k+, but in computer science, in Silicon Valley.
However, rather than apologizing for a strong achievement, demonstrate and explain why you are worth that much to your current employer, and why you might be worth that much to a new employer. Are you a Growth Mindset type of person? What accomplishments can you detail that justifies your worth to your present company?
In fact, those details ought to be in your resume; if you can assign quantitative benefits achieved for your company, so much the better.
TTFN (ta ta for now)
I can do absolutely anything. I'm an expert! faq731-376 forum1529 Entire Forum list
However, rather than apologizing for a strong achievement, demonstrate and explain why you are worth that much to your current employer, and why you might be worth that much to a new employer. Are you a Growth Mindset type of person? What accomplishments can you detail that justifies your worth to your present company?
In fact, those details ought to be in your resume; if you can assign quantitative benefits achieved for your company, so much the better.
TTFN (ta ta for now)
I can do absolutely anything. I'm an expert! faq731-376 forum1529 Entire Forum list
HamburgerHelper
Electrical
Probably, don't tell them.
If you go in too low, it will never be fixed. Cheap companies are cheap right up until they can't be.
If you go in too low, it will never be fixed. Cheap companies are cheap right up until they can't be.
Take a look at the various society salary surveys to see where you rate. Not sure your industry, but IMHO if you were a decent engineer in automotive $90k is about right for someone with four years experience. I know plenty at your age earning that base with another $10-20k annual bonus.
Since you mentioned being in a low cost of living area, are you rural enough that your previous employer may have been a bit of a unicorn regarding their offered salaries? There's many rural areas in the US where I'd love to live but unless I found a unicorn (which sucks for job security) I'd be taking a 20-30% salary cut.
Since you mentioned being in a low cost of living area, are you rural enough that your previous employer may have been a bit of a unicorn regarding their offered salaries? There's many rural areas in the US where I'd love to live but unless I found a unicorn (which sucks for job security) I'd be taking a 20-30% salary cut.
And there are many rural areas that realize to get qualified talent to such remote places, they need to pay a premium.
Research is the only way to tell which side of the fence you are on.
--Scott
www.aerornd.com
Research is the only way to tell which side of the fence you are on.
--Scott
www.aerornd.com
GregLocock
Automotive
90k seems a touch high for automotive at 27, that's 4-5 years of 15-11% raises from a typical starting salary at graduation.
Cheers
Greg Locock
New here? Try reading these, they might help FAQ731-376
Cheers
Greg Locock
New here? Try reading these, they might help FAQ731-376
- Thread starter
- #13
The large company I work for is quite bureaucratic and HR takes a big role in hiring and promotion decisions. I took a promotion early on that resulted in a 15% raise. This was not negotiated by me, just churned through the HR system and they spit that number out surprising my manager and I a lot. I ended up doing off hours work which gave me a 10% differential on top of that. Later on I took a job with a different business within the company and just used previous salary plus differential as a negotiating starting point and ended up at $90k. My newest role is actually an almost entirely work from home job. I originally worked in a moderate cost of living large metro area. Since I can now work anywhere I ended up moving to a medium sized economically stagnant city where my significant other had a good job opportunity and that's the area I'm looking in now.
I figure I don't have much to lose on the recent interview I mentioned so I think I'm going to write the interviewer an email emphasizing that I understand my current salary is pretty high for what I'm doing.
The main reason I'm looking is job satisfaction and personal development concerns. While my company compensates me generously, I get very little in the way of true development opportunities (not the same thing as shuffling job title around) and have had essentially no engineering mentoring. Much of my time is spent dealing with bureaucracy or going to meetings and I feel like there is no path for me to develop into a better engineer.
Thanks for all the responses so far.
I figure I don't have much to lose on the recent interview I mentioned so I think I'm going to write the interviewer an email emphasizing that I understand my current salary is pretty high for what I'm doing.
The main reason I'm looking is job satisfaction and personal development concerns. While my company compensates me generously, I get very little in the way of true development opportunities (not the same thing as shuffling job title around) and have had essentially no engineering mentoring. Much of my time is spent dealing with bureaucracy or going to meetings and I feel like there is no path for me to develop into a better engineer.
Thanks for all the responses so far.
Consider the scenario where - after playing smart - you get hired and succeed to keep your "high" wages in a work environment where people are typically payed way lower than you (say average 70K vs. you 90K). To my opinion - be very careful with that.
At best, people will rationalize and understand that the level of salary you earn is something you have built BEFORE and "brought" with you. In this case fine but to me this rationalization is utopia.
In a culture of scarcity with severity "low to moderate", you could end up in a situation where people will perceive you as if you are ANYWAY privileged. This could become poisonous to your work and even introduce bias in your relationship that would be hard to overcome (this may include your co-workers / peers and even whom you report to..). If that is the case, people could behave in nasty ways...e.g. they could ask you to get up to speed in less than 2 weeks of time. They could put too high expectations on you and/or no good work will be good enough, also next time they downsize their office... remember you are not the cheapest employee (relatively speaking).
Well it may sound exaggerating...but there is even worse: it could leave you (and rightly so) with a devastating feeling of having been treated in a unfair manner.
At best, people will rationalize and understand that the level of salary you earn is something you have built BEFORE and "brought" with you. In this case fine but to me this rationalization is utopia.
In a culture of scarcity with severity "low to moderate", you could end up in a situation where people will perceive you as if you are ANYWAY privileged. This could become poisonous to your work and even introduce bias in your relationship that would be hard to overcome (this may include your co-workers / peers and even whom you report to..). If that is the case, people could behave in nasty ways...e.g. they could ask you to get up to speed in less than 2 weeks of time. They could put too high expectations on you and/or no good work will be good enough, also next time they downsize their office... remember you are not the cheapest employee (relatively speaking).
Well it may sound exaggerating...but there is even worse: it could leave you (and rightly so) with a devastating feeling of having been treated in a unfair manner.
IME you cant hire a decent BSME grad today for <$70-75k, so $90k is only accounting for a pretty standard annual increase (~3.5-5%) and not an annual bonus. Not knocking the OP but it sounds pretty typical to me, definitely not a fast-riser so I wouldn't settle for any less than that even in a cheap cost of living area.
Just explain you want to work THERE because you think it would be interesting, and are willing to take a pay cut to do it. Most people are just looking for a pay check anywhere they can find it, so they pretend to be interested in the work. Do your research first, come prepared, be totally open and honest but make sure you explain it well.
Or keep cashing in and find an engineering related hobby for personal development. What do the locals get up to in their spare time?
Or keep cashing in and find an engineering related hobby for personal development. What do the locals get up to in their spare time?
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- #17
Heck, cash in and find a NON-engineering related hobby for personal development. You're making money which, if rigorously saved over the next 5 to 10 years can put you in a position of financial independence. Frankly, that is my goal, not some other career related thing. After about 10 years in the biz, I have realized that aside from being a partner or owning my own company, there is not much about an engineering career that really sets me on fire. There is not much about any job working for someone else that does that for me. You're either at one place working for someone, or you're at another place working for someone. The work all becomes rote after a while. It's more important who you're stuck with all day and how much you get paid, and how soon you can get out of the rat race.
MacGyverS2000
Electrical
No idea why they need to know your current salary. Tell them what you believe you're worth (not what you currently make, which in your case may be lower than your current) for the current market and go from there. Removes all issues with your current salary scaring them off, and sets things up to re-boot your salary climb along a more appropriate vector.
Dan - Owner
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Dan - Owner
My son did approximately what you're talking about, fiercely defended his reasoning, actions, and enjoys what he is now doing, living a simple life. He's not particularly happy about his wife working as many hours as she does now, but has enough of a stash to buy another decent used car if need be. They've been smart with their expenses and savings, and plan on being lifelong renters, having no kids, never retiring, and going to another country if some major medical crisis arrises.
Get my drift? Go for the lower wage satisfaction only when and if you are prepared for ALL the rest that a lower income will bring you.
.
(Me,,,wrong? ...aw, just fine-tuning my sarcasm!)
Get my drift? Go for the lower wage satisfaction only when and if you are prepared for ALL the rest that a lower income will bring you.
.
(Me,,,wrong? ...aw, just fine-tuning my sarcasm!)
- Thread starter
- #20
Thanks for all the insight that's been posted here.
My takeaway from all this is that what I'm making might not be as disproportionate as I think.
As for my most recent interview that prompted this thread we went back and forth after I explained I was willing to lower my salary. However, they will max out at 65k for the role with some nebulous bonus potential which is in my opinion pretty low, even for the local market. I'm not really sure how they plan to find anyone decent at that rate considering its a field role requiring lots of travel and responsibility.
My takeaway from all this is that what I'm making might not be as disproportionate as I think.
As for my most recent interview that prompted this thread we went back and forth after I explained I was willing to lower my salary. However, they will max out at 65k for the role with some nebulous bonus potential which is in my opinion pretty low, even for the local market. I'm not really sure how they plan to find anyone decent at that rate considering its a field role requiring lots of travel and responsibility.
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