Know Your Worth: Researching Salaries

Wed, 12 Nov 2025 15:46:09 -0500
biginterview, blog, careerguide, compensation, compensationpackage, joboffer, marketvalue, offer, paycheck, salary, salarynegotiation, salaryresearch

Landing a job offer is exciting — but before you accept, it's essential to understand what that offer really means. Salary negotiation isn't just about the number on your paycheck; it's about knowing your value, understanding industry standards, and ensuring you're being compensated fairly for your skills and experience.

1. Do Your Homework Before You Negotiate

Before discussing salary, research what professionals in your field typically earn. Use reliable sites like Glassdoor, Salary.com, PayScale, Vault, and the U.S. Bureau of Labor Statistics Occupational Outlook Handbook to find salary ranges based on job title, location, and experience level. Knowing these figures helps you confidently advocate for yourself during negotiations.

2. Consider the Whole Offer

While salary is important, it's only one part of your total compensation package. Benefits like health insurance, retirement contributions, paid time off, and flexible work options can significantly impact your overall satisfaction and financial well-being. If you're interested in an advanced degree, tuition benefits are an option as well. Don't overlook these when comparing offers.

3. Be Strategic About Timing

The best time to discuss salary is after you've received an offer but before you've accepted it. Once an employer has decided you're their top choice, you're in the strongest position to negotiate. Approach the conversation with gratitude and professionalism, emphasizing your enthusiasm for the role while making your case for fair compensation.

4. Practice Makes Professional

Negotiating can feel intimidating, especially if it's your first job offer. Practice your talking points with a friend, mentor, or practice with the Big Interview training platform or through a Salary Negotiation appointment with a career advisor to build confidence. The goal is to sound informed, not demanding.

For example: "Based on my research and the market value for this position, I was expecting a salary closer to [X range]. Is there flexibility to adjust the offer?"

5. Get Support and Keep Learning

The more informed you are, the more confident you'll feel navigating offers and negotiations. The UMBC Career Center provides tools, resources, and one-on-one advising to help you make smart decisions about your future. In the meantime, check out our newest Career Guide for detailed tips on evaluating offers, researching salaries, and mastering the art of negotiation. You got this!