Salary negotiations can be the hardest part of the job interview and acceptance process. When you are interviewing for a potential financial modeling job or have been offered a job you are hoping for, being clear on your salary expectations is important.
Having a good understanding of what you are expecting in the line of salary and benefits is important before you even move forward with the interview process. If you are interviewing for a job that has a salary range well below what you are hoping for you will want to bring up salary during the interview; however, if the salary is in the acceptable range for what you are looking for then you will want to wait until after you have received a job offer.
Once you have received an offer from the company you will want to begin any salary negotiates and be clear on what you are looking for. You will be in your best position during this time to get what you are wanting. If you have any expectations for extra vacation days, benefits, or additional salary, this is the best time to ask for it.
Asking for the salary you want or deserve can be difficult to do but should be done during the job offer stage. Waiting until you have already taken the job is not in your best interest. Do not take a “wait and see” promise for additional money or benefits. If you are agreeing to take a smaller salary as a start with a promise of a raise at a particular time, make sure you get the agreement in writing. It will difficult to renegotiate once you are in the door and already working in your new financial modeling job.