Had an interview with a medium sized firm in one of my target markets. As far as I can tell i'm the only 1L being interviewed for this summer. I had a phone interview and was asked for an in-person one, lunch, etc and just had that yesterday. At the end, the MP talked to me alone and asked what my salary expectation was for the summer. It's in a large secondary market, but starting salary for an Associates is $110-130 DoE.
I told the MP i would like something competitive with the average market rate in the area but i'm curious if I have any leverage. The firm is looking to grow their VC/M&A practice groups which they admitted to me they are very weak on. I come from a background of international M&A and VC capital raising for Startups as well as established internationals (doing deals from $20m up to $500m). Maybe not this summer, but if I am asked to return as a 2L, when is it appropriate to negotiate a higher pay b/c of my background (also assuming my grades qualify me for BigLaw as well).
thanks.
How to respond to salary question Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
Connor Benz
- Posts: 113
- Joined: Wed Sep 04, 2013 10:49 pm
Re: How to respond to salary question
University of Michigan uh?
If it were me, I would just take what they would offer me. It is a crazy economy these days and I don't think as a 1L going in, you have any leverage because you have not proven yourself yet. Depending on the MP's personality, I would not want to irritate him by coming off as a prude employee who hasnt even billed an hour yet. JMO. But hey, what do I know?
If it were me, I would just take what they would offer me. It is a crazy economy these days and I don't think as a 1L going in, you have any leverage because you have not proven yourself yet. Depending on the MP's personality, I would not want to irritate him by coming off as a prude employee who hasnt even billed an hour yet. JMO. But hey, what do I know?
-
tonidee
- Posts: 40
- Joined: Sat Aug 24, 2013 3:55 pm
Re: How to respond to salary question
Generally, you negotiate when you get a full-time offer not as a summer associate. Wait until you have a bird in the hand before you start negotiating salary. Most summer programs have a standard weekly salaries. I've never heard of people in the same office getting paid different amounts as summers (different market is another story).
