#GoldmanSachs #SalaryOffer #JobBenefits #NegotiationTips
Hey there! 💼 So, you’ve just gotten a job offer from Goldman Sachs, but you’re feeling a bit underwhelmed by the salary they’re offering. Don’t worry, you’re not alone in feeling this way. Many individuals find themselves in a similar situation when negotiating compensation packages. Let’s dive into some practical solutions to help you navigate this challenge and make sure you’re getting the best possible deal. 🚀
## Evaluating the Offer
### Research Comparable Salaries
Before making any decisions, it’s essential to do some research on what other firms are offering for similar positions in the Wealth Management industry. Look at salary surveys, job boards, and industry reports to get a better understanding of the current market rates.
### Consider the Total Compensation Package
While the base salary may be lower than expected, it’s crucial to consider the other benefits that Goldman Sachs is offering. Are there bonuses, stock options, or other perks that could make up for the lower salary? Calculate the total value of the compensation package to see if it aligns with your expectations.
## Negotiation Strategies
### Know Your Worth
Come prepared to the negotiation table with a clear understanding of your value and the unique skills and experiences you bring to the table. Highlight your accomplishments, qualifications, and why you’re worth more than the initial offer.
### Make a Counteroffer
If you feel confident in your value and have done your research, don’t be afraid to negotiate. Politely present your counteroffer, backed up by data and reasoning, to show why you believe you deserve a higher salary. Remember, the worst they can say is no!
### Focus on Long-Term Growth
When discussing compensation, don’t just think about the immediate salary but also consider the long-term growth opportunities within the company. Ask about potential career advancement, professional development opportunities, and how you can increase your earning potential in the future.
## Final Thoughts
Remember, it’s essential to advocate for yourself and ensure that you’re getting fair compensation for your skills and expertise. Negotiating job offers can be intimidating, but with preparation, confidence, and a clear understanding of your worth, you can secure a more favorable deal. Good luck with your negotiations, and may you land a salary that truly reflects your value! 💰🌟
Is this a back office wealth management ops role?
Back office is why it’s low. Do u get a bonus also? And what COL is the area
Bonus will be like 5k if you are lucky. Take the job if you need it but if you can look for something better
Are you at a firm with a GS level reputation today?
If not, take the offer. Your “enterprise value” will go up simply b/c you can claim GS on your resume. Nonetheless, that’s a fair salary for back office operations.
Also, for what it’s worth, you won’t make anything crazy in wealth management until you’re in a front office position. Definitely possible, even at GS.
Honestly seems about right for non nyc ops role.
Nyc ib ops are like at 75-85k from what i have seen. The mm ib banks offer like 80k for ib ops.
But to add to your point, ops is definitely paid shitty. Its an entry level accounting salary with what seems to be less room for salary growth. Atleast in accounting theres a clear path to 6figs and yearly raises with bonuses.
If you’re a WMP you’re one of few positions eligible for overtime so factor that in. PWAs you support are also supposed to give you quarterly bonuses I think.
70k!? For a SENIOR analyst position? For the demands and stress you might as well go get a job in government.
Shit pay. Most entry level back office jobs pay that or even higher and that’s in cities like Charlotte. Still might be worth it just to have GS in your resume
U.S. Bank is paying their first year wealth management analysts 85k in mcol…
Is being paid less worth the prestige? (Probably not)
that is a fucking lowball offer.
Is the location bad?
It’s a job that many people can do easily and that many people would kill to do because of the name, hence why it pays low. Accept and use it as a stepping stone.
Do you mind sharing how you got the job? The hiring process? Did you go via a referral?
Yikes I’m a Senior Financial Analyst in FP&A and I clear $120k
Tbh i would be fine with it. Having GS on your resume is worth wayy more than just $70k. I’d kill for an opportunity like this. But thats just my opinion. Good luck!
OP this is my dream job. Will DM you
Back office
For how many hours a week is the offer?
You should definitely edit the post to clarify that this is a back office role. It’s low for ops but absurdly low.
Seems fair