If you need to negotiate your offer, keep the 3 M’s in mind: Me, Missing, and Market. As you evaluate your offer and conduct compensation research, think about:
- What do you offer that is a uniquely advantageous “bonus” that the organization gets from hiring you instead of another candidate?
- What is missing from the job offer, such as in the salary, signing bonus, or educational stipends for professional certifications?
- What does the market look like in terms of the demand for your skills and the cost of living?
You can use various internal and external resources, including WashU career outcomes and online salary reporting databases, to collect relevant data for these categories.
