Am I setting my salary requirement too low?

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Setting a low salary expectation, such as $35,000 for a mechanical engineering position, may signal a lack of confidence and competence to potential employers. Research indicates that starting salaries for mechanical engineers typically range from $50,000 to $70,000, depending on location and experience. Underpricing oneself can lead to long-term dissatisfaction, especially if peers earn significantly more for similar roles. It's recommended to provide a realistic salary figure based on market research rather than leaving it blank or stating "negotiable," as employers often expect a specific number. Entry-level candidates generally have limited negotiating power, and it's crucial to understand the market rates to avoid being lowballed. Employers usually have a budget and are aware of prevailing salaries, making it important for candidates to present themselves assertively while ensuring their expectations align with industry standards.
  • #31
kote said:
Starting salaries are set company-wide, regardless of location. I'm pretty sure this is standard practice for large companies, which means salaries won't vary much by location for the same position.

I work for a multi-national, which means that you have wildly different salaries for different countries. An entry level position in India will pay a lot less than one in California. However, the tendency is to close offices in places with high salaries and then open offices in places with low salaries, which means that there are ten times as many entry level programming positions in Bangalore than in the US.

Within a company, there may be relatively small differences in salary, but the really big differences come in where companies choose their offices.

I should point out that this deeply worries me since I'm a US citizen, but one interesting thing about working for a multinational is that a lot of the people that you work with aren't US citizens and so have no particular concern for the United States. You aren't going to be able to appeal to US patriotism, if they person that makes the decision to move 1000 jobs from the US to India happens to be German.
 
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  • #32
Andy Resnick said:
One thing is clear; it's difficult to get an accurate number.

Yup. One site that I highly recommend is www.glassdoor.com since that gives a pretty good number.

Also, big companies have people in HR that do nothing but try to figure out what market rates are. The main reason they ask you for a number isn't for your benefit but for their's since it helps them do market research.

That's also a weird difference between industry and academia. In academia, at least with public universities, professor salaries are public records that are in the budget, which you can get in the library.
 
  • #33
twofish-quant said:
Also, big companies have people in HR that do nothing but try to figure out what market rates are.
They also subscribe to services whose sole purpose is to gauge salaries. So do medium and even small companies.
 
  • #34
Thanks everyone; I guess it is time to stop shooting myself in the foot. I am glad I asked.
 

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