Looking to Negotiate Your Salary After Receiving a Job Offer? Here's What You Should Say

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iStock

When presented with a job offer, many people tend to accept the first salary figure they're offered. If you’re hoping for a higher pay grade, though, the short window between being offered a position and formally accepting it is the best time to speak up—and according to U.S. News, you should do it in a particular way.

By this point, you already know that the company in question wants to bring you onboard. They’ve spent a fair amount of time and resources on interviews, and employers would like to avoid going through the process all over again if they can help it. All of these factors work in your favor, but that doesn’t make negotiating your salary any easier.

Most importantly, take the time to do some market research. Figure out how much similar positions pay in your particular city, and be sure to factor in your unique skill set and years of experience. Indeed, the Bureau of Labor Statistics, PayScale, and Salary.com are a few of the online resources at your disposal. When you find a figure you’re comfortable with, add a little more to it (maybe a few thousand dollars) so that you’ll still be satisfied if they come back with a counter offer that’s less than what you requested.

Once you’re ready to get that conversation started, here’s a sample text you can use, courtesy of writer and communications consultant Robin Madell:

"I'm very excited about the position and know that I'd be the right fit for the team. I'm also excited about your offer, and knowing that I'll bring a lot of value to the table based on my experience that we discussed during the interviews, I'm wondering if we can explore a slightly higher starting salary of $60,000. My market research showed that as the industry average for this area, and I'm confident that you'll be very happy with how much I can contribute to the team and department."

Expect some pushback, but stand your ground. If the hiring manager says they can only offer you the amount originally stated, reiterate that you want to remain as flexible as possible but would also like to explore whether your desired salary is feasible. There’s no guarantee that you’ll get a better offer, but you won’t know until you try.

[h/t U.S. News]

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America's Top 25 Colleges and Universities for 2021

Harvard University's Memorial Hall.
Harvard University's Memorial Hall.

Deciding what makes a certain college more desirable than another is highly subjective. Some prospective students might think a championship-winning football team and a massive student body are major selling points, while others prize a small, tightly knit community above all else.

To try to come as close as possible to identifying objectively great colleges and universities around the country, WalletHub analyzed a whopping 30 factors in seven categories, from student selectivity and cost to campus experience and career outcomes. These encompass basic metrics—admissions rate and average class size, for example—as well as more specific considerations, like study abroad programs, on-campus employment opportunities, and the median salaries of recent graduates.

Of all 1008 schools included in the study, the Ivy League ones continue to reign supreme. Harvard University ranked first, with a score of 78.6 across all 30 metrics, edging out Yale by just .03 points. Princeton, the University of Pennsylvania, Columbia, Dartmouth, and Brown also made the top 25. With low acceptance rates and high graduation rates—not to mention huge endowments—these stately old institutions are rather difficult to compete with, but they’re definitely not the only esteemed places to get a four-year education.

As a testament to the continuing success of the tech industry, three technology institutes made WalletHub’s list: Massachusetts in third place, California in fifth, and Georgia in 11th. Those three schools ranked in the top five for return on educational investment, meaning that graduates make high starting salaries compared to how much their education actually cost.

Geographically, New England (and the East coast in general) is home to a majority of the top schools, though five from California alone did chart, too: Stanford University; University of California, Berkeley; Pomona College; and Claremont McKenna College, in addition to the aforementioned California Institute of Technology.

Check out the top 25 below, and see where your alma mater ranks on WalletHub’s full list here.

  1. Harvard University // 78.6
  1. Yale University // 78.57
  1. Massachusetts Institute of Technology // 78.44
  1. Princeton University // 78.41
  1. California Institute of Technology // 77.65
  1. Stanford University // 77.12
  1. Rice University // 76.96
  1. Northwestern University // 75.4
  1. Duke University // 75.18
  1. University of Pennsylvania // 74.95
  1. Georgia Institute of Technology // 74.92
  1. Vanderbilt University // 74.66
  1. University of California, Berkeley // 74.54
  1. Columbia University // 74.51
  1. Johns Hopkins University // 74.37
  1. University of Chicago // 73.59
  1. Dartmouth College // 73.43
  1. Williams College // 73.19
  1. Brown University // 73.17
  1. Carnegie Mellon University // 73.11
  1. Washington and Lee University // 73.08
  1. Swarthmore College // 73.08
  1. Pomona College // 72.92
  1. Claremont McKenna College // 72.84
  1. Amherst College // 72.83