Graduate Recruiters Negotiations

jballantine

Can anyone tell me if graduate recruiters have room to negotiate within their offers?

I have got several very good offers from the banking and consultancy sectors, however they are all the standard salary, holidays etc that were printed before I began.

I am just wondering as I only got offers and not a written contracts until I accept the offers whether there is room for salary or holiday increase or am I just being greedy.

I would appreciate any feedback from those who have been there last year??

dudara

From my experience, there usually isn't much room (i.e. none) to negotiate at graduate level.

I received an offer from Company A when moving into the workplace that was €7,500 less than the offer from Company B. I told Company A about the other offer and was told that they would not budge.

I think that the marketplace is very competitve this year and that the offers to this year's graduates are generally generous, if what I'm hearing is true. Or at least, the offers from my company are very generous.

justfortherecor

True, there is basically no room for negotiation at this level. Especially if they are taking on a new group of graduates, where a person earning more than the rest would be extremely hard to justify with none of them having completed work in the company yet.

In Banking (and sometimes in Consultancy) the 1st year graduate bonus can also be fixed for all graduates (usually those doing desk rotations) and then after that the salary/bonuses depend on your performance.

jballantine

yeah thanks for the advice. Just didn't won't to look greedy as most are in the mid 30's anyway. just when you see the grads in london getting mid 40's plus golden hellos just kind thought well I'll chance my arm.

watna

I wouldn't say you'd have any room for negotations for an entry level position. Usually companies will have a set grad salary that all starters will come in on. Why should they give you more? You'd need to justify it. The only way you could get more is if you had something the others didn't. Usually that's a masters or a phd. Some companies pay slightly more for grad positions if you have extra qualifications.

if you prefer the pay in London, would you not consider moving there?

Noelie

jballantine wrote: »

yeah thanks for the advice. Just didn't won't to look greedy as most are in the mid 30's anyway. just when you see the grads in london getting mid 40's plus golden hellos just kind thought well I'll chance my arm.

Sorry but you can't compare what people in London are getting to what people in Dublin are getting. Asking for London pay while in Dublin is like having your cake and eating it. you may as well find out what the goign rate in New york is and ask for that.

jballantine

thanks its just a comparison, same job. I know London is expensive but I dont think its a third more expensive than Dublin?

damnyanks

You get better pay in London because its one of the main (If not the main) financial center in the world.

Simple fact is if you're working for a large finance or consultancy company you are helping to generate far more money then what you would be creating in Dublin. As a result your salary is less.