Offer Evaluation and Salary Negotiation

Before thinking about offer negotiation, you'll need to prioritize the elements of your offer package to determine what is most important to you. You can combine your personal priorities with outside salary data to develop a negotiation strategy.

Offer Evaluation & Negotiation chapter in Career Guide (starting on page 84) - This chapter from the CBCC's Career Guide on offer evaluation and negotiation, includes:

- Elements of an offer package that may be negotiable
- Guidelines for negotiation
- How to manage a negotiation session
- How to accept or decline a position
- An offer negotiation matrix

Receiving and Evaluating an Offer

Receiving and Evaluating an Offer Recording - We strongly recommend this brief 15-minute video about best practices for questions to ask when receiving an offer and tips for evaluating your offer
Offer Evaluation Matrix - Excel tool to help compare elements of different offers and quantify your priorities
Evaluating & Negotiating an Pipeline Job Offer Recording - A webinar designed for graduate students earning a full time offer following the completion of their internship

Negotiating an Offer

Negotiating a Compensation Package Recording - A 23 minute video covering how to structure a negotiation.
Salary Negotiation Strategies Fundamentals Recording - A 53 minute webinar designed for people are navigating a full-time job search and includes guidance of what you should do BEFORE getting the offer and how to structure your negotiation strategy

Salary Research Resources

Carlson Employment Report - Public report includes recent salary data, broken down by function
12Twenty - When you login using single sign on (SSO) and update your employment status, you'll also gain access to Research Tools which include outcomes (salary, industry, offer trends, etc) data.

Note: to maintain student confidentiality, information will only be available if there are at least three points of data for the applied filters.
Please pay-it-forward by submitting your offer information at z.umn.edu/offer

Additional sites for salary data

Cost of Living Calculators

- The Cost of Living Index
- Nerdwallet - Core cost of living data is from The Cost of Living Index - COLI from the Council for Community and Economic Research, or C2ER.
- Numbeo.com - Numbeo is the world’s largest cost of living database. Numbeo is also a crowd-sourced global database of quality of life data: housing indicators, perceived crime rates, healthcare quality, transport quality, and other statistics.
- Payscale calculator

12twenty

12twenty is a data-driven platform that provides a variety of resources for students to help in their salary negotiations and job research.

Students can:

Report an internship or job experience
Access career outcomes index
Benchmark salary leveraging a comprehensive salary database
View offer timeline
Identify different job sources
Identify offer trends
12Twenty Login - When you login using single sign on (SSO) and update your employment status, you'll also gain access to Research Tools which include outcomes (salary, industry, offer trends, etc) data.
Note: to maintain student confidentiality, information will only be available if there are at least three points of data for the applied filters.
Click here to learn how to compare salaries using different data sources on 12twenty

Report Your Offer

For any offers you receive, kindly report them to the CBCC tracking portal at z.umn.edu/offer.

The CBCC is required to provide employment data on an annual basis. The information will be for the Employment Report published each year. The data you provide will be used in aggregate and not tied to you individually. Please report all offers, whether you accept the offer or not.

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