theInnerCircle wrote:Applied to work in the legal dept of a company. They're looking at 3Ls and recent grads. Think I priced myself out during the first phone interview. FML. What are employers expecting when they ask you to price yourself? I asked for what has the equivalent of $20-25/hr. (edit: $50k~) Help.
Edit: they are a new-ish company, think tech mixed w/ finance. Okay, that's all I will share to help others in guess-timating if I screwed up.
You probably low-balled yourself. Sometimes that can be fatal in that some people will ascribe a qualitative measure to your salary demands (i.e. "well, he must not be very good if he doesn't think he's worth more than $50k." I heard about one study that found this to be the case for people giving salary histories). But sometimes it just means you're setting yourself up for a lower offer than you might have otherwise received.
Glassdoor is a good source for what different people make at various companies; you should definitely be pricing yourself highly among the employees of the company. In addition, there are many reports (including this one
) on attorney salaries. For new grads/1 year out in-house, I don't think I'd be asking for less than $90k, and generally more than that. The in-house jobs I sought were with larger companies (I don't want to be one of only two attorneys in my first year in practice) and I always asked for $120k or more.