Recently after 6 Months of interviewing with various Managers/Directors. I was offered a position. I tried to negotiate the base salary based on the cost of living in the location, I would be working within. With the current rates at 7% and the house prices up 30% this year in that area. They would not budge on the initial offer, I was very surprised by this. So I turned the offer down. Is this the norm at Schwab, to give one offer and not negotiate? (Senior Manager Position)
Just curious, Thank you
10 replies (most recent on top)
It is difficult but not impossible for them to adjust up the offer. I negotiated up an extra 5% bump when I started 4 yrs ago.
No company starts the offer at the max of the range. They probably had more than one viable option and could get away with no hiring you. I’ve seen one case where the Recruiter (LL) stated that an offer was at the max. Few months later, the candidate joins, gets promoted to the next level and now has access to pay ranges, just to find out the recruiter lied to him/her/them.
P.O.S.
@2jen+1jtYgooJ
Thank you for wasting our time. You sound like a complete more run. Glad you didn't accept the offer, on the chance we may have to work with you in the future. Good luck.
I'm not going to get into more specifics about the role. My point was to find out if Schwab usually begins the salary negotiations with the top range offer, because it appears that's what was done here. Regardless, I declined the offer and its over. Thank You for all the info.
I don’t believe AZ is a growth site either so might not have much flexibility on range there compared to CO or TX. AMEX seems to be trying to get people into the office there and might be willing to flex on salary just a suggestion.
So Senior Manager is the title they give to any senior level staff. There are two types, individual contributor (i.e developer, systems engineer, architect) or people leader (manages a team with direct reports, and can still function as an architect).
Regarding your question on the norm with negotiations. It depends on the team. And "generally" there is some normalization, which means they look at the base salaries of existing team members, and across the organization as well. Also, Senior Manager, whether grade 58 or 59, has a very broad compensation range; i.e. $100K - $215K. If you are asking for the upper band, they generally take into consideration room for growth, and how others in the team/org fall, commensurate with your experience and education level.
Almost everyone is a senior manager T Schwab. You need to be more specific- will you manage people too?
AZ/IT
What location/region and what department?