Is this fair? - Page 2

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    Topic
  • #172356
    Keely
    Member

    Forgive any typos as I’m on my phone.

    I posted a few weeks back freaking our about my first public accounting interview, but I did well and was offered an staff auditor position with a 75 person firm. I’d like some feedback as to whether this is a fair offer. FYI I have no experience, this is an entry level job.

    $53K. This is in the DC area, so that is about $40 K where I’m moving, if that. Maybe closer to $37K, depending on who you ask. A $1000 raise when I get certified, plus a $1000 reimbursement for review course. They have some perks like paying half my metro fares and half a gym membership. My insurance plan can be as little as $50 a month or as much as $130, depends on what plan I go with.

    How does that compare to others in my situation?

    BEC: (4/2012) 88
    AUD: (5/2012) 91
    REG: (8/2012) 82
    FAR: (1/2013) 78 🙂

    VA CPA #42010

Viewing 8 replies - 16 through 23 (of 23 total)
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  • #356982
    pkd1982
    Member

    That's a reasonable salary, and $1350 is way expensive for a studio – I paid that for a large studio in the heart of Adams Morgan, that would get you a one or two bedroom in parts of MD close or close-ish to Bethesda. Look at Silver Spring (not downtown near the Metro), Tacoma Park, Glenmont, Rockville, Germantown. Depending on your ability to deal with potentially sketch living situations, Laurel (there are some nice places in Laurel, but it can be hit or miss).

    REG: Pass
    BEC: Pass
    AUD: Pass
    FAR: August 2013

    #356983
    Witchkizzle
    Participant

    You can get more than that in Houston as your base and get overtime on top and, like you said, cost of living is much lower. Also, no state level income tax in Texas. My raise for passing was $1,200 and we got bonus for high performance at first year staff level. You get 100% paid for Becker review and paid for exam fees and professional membership fees. I have since (in my second year now) been given a big raise that puts me about 21k higher than your starting offer and i still get bonus and overtime on top of that.

    Why are you wanting to leave? Did you try for long finding a job in Houston?

    Texas CPA
    Licensed 03/12

    #356984
    Anonymous
    Inactive

    Hi Keely, don't know if you're a gal or guy but studies show that guys are more likely to negotiate and end up with a higher starting salary. See excerpt from Washington Post article below (although it's a little dated 2007). This company is interested in you and has invested plenty of time and effort in you so far. You've done the first step and figured out they're probably not low-balling you, but it might not hurt to mention your hesitancy over the high cost of living and ask what they can do for you to assist with your relocation or even if they can go to $55K. Just say your options in Houston are pretty appealing given the lower cost of living and ask what they can do for you. Maybe you'll get a hiring bonus of some sort.(Not forgetting to take your moving expense deductions like the good accountant you are!) The worst that can happen is that they say they can't do any better. They're not going to rescind the offer.

    “Another study quizzed graduating master's degree students who had received job offers about whether they had simply accepted the offered starting salary or had tried to negotiate for more. Four times as many men — 51 percent of the men vs. 12.5 percent of the women — said they had pushed for a better deal. Not surprisingly, those who negotiated tended to be rewarded — they got 7.4 percent more, on average — compared with those who did not negotiate.

    Although differences in starting salaries are usually modest, small differences can have big effects down the road. If a 22-year-old man and a 22-year-old woman are offered $25,000 for their first job, for example, and one of them negotiates the amount up to $30,000, then over the next 28 years, the negotiator would make $361,171 more, assuming they both got 3 percent raises each year. And this is without taking into account the fact that the negotiators don't just get better starting pay; they also win bigger raises over the course of their careers.

    The traditional explanation for the gender differences that Babcock found is that men are simply more aggressive than women, perhaps because of a combination of genetics and upbringing. The solution to gender disparities, this school of thought suggests, is to train women to be more assertive and to ask for more. However, a new set of experiments by Babcock and Hannah Riley Bowles, who studies the psychology of organizations at Harvard's Kennedy School of Government, offers an entirely different explanation.

    Their study, which was coauthored by Carnegie Mellon researcher Lei Lai, found that men and women get very different responses when they initiate negotiations. Although it may well be true that women often hurt themselves by not trying to negotiate, this study found that women's reluctance was based on an entirely reasonable and accurate view of how they were likely to be treated if they did. Both men and women were more likely to subtly penalize women who asked for more — the perception was that women who asked for more were “less nice”.

    “What we found across all the studies is men were always less willing to work with a woman who had attempted to negotiate than with a woman who did not,” Bowles said. “They always preferred to work with a woman who stayed mum. But it made no difference to the men whether a guy had chosen to negotiate or not.”

    #356985
    Anonymous
    Inactive

    @Diane

    Both men and women were more likely to subtly penalize women who asked for more — the perception was that women who asked for more were “less nice”.

    “What we found across all the studies is men were always less willing to work with a woman who had attempted to negotiate than with a woman who did not,” Bowles said. “They always preferred to work with a woman who stayed mum. But it made no difference to the men whether a guy had chosen to negotiate or not.”

    This is so true…this is a vicious cycle in the work force which is not fair because I am actually a pretty aggressive woman…when I want something,I go for it. But like you've quoted, the perception of aggressive women is looked down on, they want women who just stay quiet and don't ask questions. If this is the case, I am not sure how I will fare when negotiating offers. 🙂

    #356986
    Anonymous
    Inactive

    @keelydare1…Congrats on your new found job and life! If I was you, I would be every excited and happy! I am the opposite of you. I live in Houston for almost two decades now. My family, job, and everything is here. I don't mind living Houston (it's easy for a living), but I would LOVE to move to DC at least just for a year or two. You can't get around in Houston without a car, and it's more and more expensive to keep a car running…I plan to move to Austin eventually if I have a choice….

    #356987
    Anonymous
    Inactive

    i got a friend paying $1300 a month to live in the ghetto of san francisco. granted, this is a “nicer” part of the ghetto. the one night i spent over at her place i got hit up by a cracked-out prostitute, a drug dealer, and a street hooker (who looked kinda cute from afar :P)

    when she uses the hair dryer she has to turn off the TV because there isn't enough voltage or something?

    #356988
    lrj
    Member

    “Can anyone tell me what the proper way to accept the position is? The HR woman called to tell me she was emailing me details of the offer and said “let us know by July 5th.” Should I call or email or both?”

    An acceptance can be made by any reasonable means. By the Mailbox Rule, as long as your response is postmarked by July 5, it is a valid acceptance and a contract has been formed.

    Sorry, I've done too much studying of Business Law over the last few months.

    FAR 92 1/3/12
    AUD 93 2/2/12
    BEC 89 2/28/12
    REG 86 7/16/12

    Waiting on REG

    #356989
    Anonymous
    Inactive

    @Witchkizzle

    I'm currently looking for work. Just “started” looking, and may have made a mistake offering my resume to an agency in Cincinnati that specializes in temp to hire positions. I haven't applied independently but was wondering if you firm was hiring. I'm willing to relocate. The only problem I see with myself is lack of experience in the accounting world. I'm 33 and have 3 parts of the CPA passed because I decided to go after this. Taking FAR in AUG, let me know and thanks in advance!

Viewing 8 replies - 16 through 23 (of 23 total)
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