Job Offers

Congratulations! You've been offered a position. You may even be juggling multiple offers. Now it's time to respond appropriately, analyze job offers and ultimately negotiate salary and benefits. For help with deciding on multiple offers, try this decision making matrix (XLS).

Step 1: Know Yourself

How do you define success? Before you apply or head to an interview, ask yourself: Is this company a fit for you, what are their values, mission, future goals, salary ranges and benefits. Salary is only one consideration in the entire picture of deciding if a position is ideal for you (don't let it be the only factor to consider).

Step 2: Research

Average Salary

Resources to determine the appropriate salary for a position:

  • BB&T Student Leadership Center – Visit our home page or the Center for information about average salaries of graduates with your major.
  • On-Line Salary Calculators – The National Association of Colleges and Employers has developed a handy calculator which factors your location, degree and experience and provides average salary information.
  • Networking – Friends holding similar positions provide valuable information regarding compensations for specific positions.
  • Employment Companies – These agencies work consistently with industries and have a solid understanding of what pay rates companies are currently offering for specific types of positions.

Benefits

When reviewing your job offer, there are many other aspects of compensation to consider and evaluate when deciding if the base salary is adequate and if the total package is acceptable. Be sure you have adequate information on the following:

  • Signing Bonus/Commission Schedules
  • Medical, Dental and Life Insurance
  • Short Term/Long Term Disability
  • Flexible Spending Accounts
  • Family/Domestic Partner Coverage
  • Professional Development
  • Investment Programs
  • 401K: waiting period, match, vesting
  • Stock Options: given, purchased, vesting
  • Paid Vacation Time, Personal and National Holidays, Sick Time Off
  • Accelerated performance/Salary review- 6 month versus year
  • Company Car/Car
  • Allowance/Mileage Reimbursement
  • Incentives- cell phone, laptop, parking
  • Continuing Education, Tuition Reimbursement
  • Relocation expenses, moving trucks, rent, mortgages

Step 3: Negotiate

Four out of five recruiters say they will negotiate, but so many of us don't. Consider all aspects of the offer in your negotiations. Now is the time to negotiate salary, location of position, moving expenses, signing bonuses, and performance reviews. If you've done your research, you should be able to support your negotiations.