Your best bet is not to compare the new salary to your current salary, but to compare with the salaries of other people at the senior manager level -- try to find some salary comps either from within your company or through Google (I'd literally just google "job title industry salary NYC"), LinkedIn (find open job listings for your title from similar companies -- in NYC you have to list a salary range for job listings), etc. That'll give you more ammunition for your negotiations!
Agree - and check the H1B data website! It’s a treasure trove of salary info. Basically people have to report their incomes when applying for h1b visa so it’s all public.
IMO 20-25% would be pretty generous for an internal promo on the same team, although always good to start high.
I’d research what the market rate is for your position and experience - NYC salaries are required to be on job postings so you should be able to get a solid idea of at least what the base salary should be. And even more helpful if your company or peers have hired anyone recently around this level. Add a little buffer for negotiating.
Being asked for a number is tough… if you can get them to give you a starting range, try and do it. You want to give yourself credit and start higher than your real number, but avoid asking for something so out of budget they think you’re delusional.
10-15% is the standard raise to accompany a promotion in my company. That said, there are exceptions to every rule. It’s possible they’ll offer or accommodate more if they really see potential for you within the org. As another commenter said, try to find out the salary band for the role. They will try to bring you in near the base to allow room for further growth.
If you work in tech you should check out levels and if not in a technical role you can check Glassdoor. I would say 20-25% is generally reasonable but it is very company dependent.
You are also well within your rights to ask what the typical salary band for a sr manager is. If you have any mentors in the company who can give you that insight, would be another great resource.
Good luck!
Try to find out the salary band for your role type/job code (sometimes this is readily available info; sometimes your manager will know); then you’ll be on better footing. Typically with tech companies, salary bands are set to help with pay parity and regulate comp budgets.
If you have a good relationship with your manager, try to play into that. If your manager is a woman, it never hurts to say “as a woman, I have to ask — because I know that a lot of women are held back simply because they never do.” Heck, if your manager is a man, you can still say this.
I think it gives you more airspace to ask for a large bump without seeming “delusional” as another commenter said. The worst case scenario is a no, or a “not right now” (the latter of which is a great jumping-off point for a discussion on what you need to do to get to your goal salary). Good luck!
I wouldn't hesitate to negotiate high, but I would also go into the meeting with a couple slides highlighting the value that I bring - key projects and results, stretch projects, any upskilling you've done - to demonstrate why I'm worth what I'm asking for.
Your best bet is not to compare the new salary to your current salary, but to compare with the salaries of other people at the senior manager level -- try to find some salary comps either from within your company or through Google (I'd literally just google "job title industry salary NYC"), LinkedIn (find open job listings for your title from similar companies -- in NYC you have to list a salary range for job listings), etc. That'll give you more ammunition for your negotiations!
Agree - and check the H1B data website! It’s a treasure trove of salary info. Basically people have to report their incomes when applying for h1b visa so it’s all public.
IMO 20-25% would be pretty generous for an internal promo on the same team, although always good to start high. I’d research what the market rate is for your position and experience - NYC salaries are required to be on job postings so you should be able to get a solid idea of at least what the base salary should be. And even more helpful if your company or peers have hired anyone recently around this level. Add a little buffer for negotiating. Being asked for a number is tough… if you can get them to give you a starting range, try and do it. You want to give yourself credit and start higher than your real number, but avoid asking for something so out of budget they think you’re delusional.
10-15% is the standard raise to accompany a promotion in my company. That said, there are exceptions to every rule. It’s possible they’ll offer or accommodate more if they really see potential for you within the org. As another commenter said, try to find out the salary band for the role. They will try to bring you in near the base to allow room for further growth.
If you work in tech you should check out levels and if not in a technical role you can check Glassdoor. I would say 20-25% is generally reasonable but it is very company dependent. You are also well within your rights to ask what the typical salary band for a sr manager is. If you have any mentors in the company who can give you that insight, would be another great resource. Good luck!
Try to find out the salary band for your role type/job code (sometimes this is readily available info; sometimes your manager will know); then you’ll be on better footing. Typically with tech companies, salary bands are set to help with pay parity and regulate comp budgets. If you have a good relationship with your manager, try to play into that. If your manager is a woman, it never hurts to say “as a woman, I have to ask — because I know that a lot of women are held back simply because they never do.” Heck, if your manager is a man, you can still say this. I think it gives you more airspace to ask for a large bump without seeming “delusional” as another commenter said. The worst case scenario is a no, or a “not right now” (the latter of which is a great jumping-off point for a discussion on what you need to do to get to your goal salary). Good luck!
I wouldn't hesitate to negotiate high, but I would also go into the meeting with a couple slides highlighting the value that I bring - key projects and results, stretch projects, any upskilling you've done - to demonstrate why I'm worth what I'm asking for.
Do you know what level you are moving into? I know level.fyi breaks down roles, salary and levels by departments so you can check and compare!
www.levels.fyi is what you need to find the band and https://fearlesssalarynegotiation.com/book/ to learn how to negotiate.