salary question
October 15, 2012 4:30 PM Subscribe
how much shall i sell myself for?
per my previous post, i got an offer and is now in a struggle whether or not to accept...
to get some clarity on the salary situation, i compared the estimated comp for my position on two web sites: payscale and salary.com. the results are a bit shocking: the salary.com results are almost 50% higher than what payscale tells me. needless to say, i tried to control all variables as close as possible...
so which one shall i trust? according to salary.com, i am grossly underpaid. but based on payscale, on the hard dollar side, i am doing about OK...
for reference, the said job is finance related, manhattan based middle management level
does anyone here have some experience on researching salaries? thanks,
per my previous post, i got an offer and is now in a struggle whether or not to accept...
to get some clarity on the salary situation, i compared the estimated comp for my position on two web sites: payscale and salary.com. the results are a bit shocking: the salary.com results are almost 50% higher than what payscale tells me. needless to say, i tried to control all variables as close as possible...
so which one shall i trust? according to salary.com, i am grossly underpaid. but based on payscale, on the hard dollar side, i am doing about OK...
for reference, the said job is finance related, manhattan based middle management level
does anyone here have some experience on researching salaries? thanks,
I would think highly active, local recruiters specialized in your industry would have the most accurate information because they are the ones who have visibility into what's happening across various companies. And I think if you called one to ask for that information, they might even be willing to give it to you because they are always interested in cultivating new relationships both with potential new candidates and potential new hiring managers (clients). A favor now for a favor in the future.
posted by Dansaman at 4:37 PM on October 15, 2012
posted by Dansaman at 4:37 PM on October 15, 2012
I have never seen a salary on salary.com that wasn't grossly over inflated. As an HR person, the second I hear the words salary.com I roll my eyes.
posted by magnetsphere at 5:04 PM on October 15, 2012
posted by magnetsphere at 5:04 PM on October 15, 2012
In Manhattan, you kinda have to ignore all the websites, and talk to people in the field. Pay is grossly out of scale here. :)
How much of the compensation is bonus? Not really sure what "middle management" is without a title. Most of the people I know who are in senior positions in companies that do things like electronic trading software in Manhattan make between $300K and $600K, pre-bonus, with the variation being level of authority and employees/projects managed. Goldman Sachs lower-level but non-analyst positions (as in, grown-up jobs) in general start at $200K something, but a good chunk to a vast majority is in bonus.
posted by RJ Reynolds at 5:04 PM on October 15, 2012
How much of the compensation is bonus? Not really sure what "middle management" is without a title. Most of the people I know who are in senior positions in companies that do things like electronic trading software in Manhattan make between $300K and $600K, pre-bonus, with the variation being level of authority and employees/projects managed. Goldman Sachs lower-level but non-analyst positions (as in, grown-up jobs) in general start at $200K something, but a good chunk to a vast majority is in bonus.
posted by RJ Reynolds at 5:04 PM on October 15, 2012
in addition to local recruiters, i would advise talking to people in your industry. they and the recruiters are going to best know what are the salaries in your region, in your field, at your level.
posted by violetk at 5:05 PM on October 15, 2012
posted by violetk at 5:05 PM on October 15, 2012
Response by poster: hi, thanks for all the suggestions
posted by kingfish at 5:25 PM on October 15, 2012
posted by kingfish at 5:25 PM on October 15, 2012
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