Congratulations on receiving an offer – now what? Be sure it’s the right opportunity for you. Below are some tips on how to evaluate and negotiate an offer.
Offers are usually extended verbally – either by the line manager, the HR professional, or a recruiter. When receiving an offer, keep in mind:
When deciding on an offer, it’s often helpful to draw a line down the center of the piece of paper and list the Pros of the offer on one side and the Cons on the other. In addition to the financial package, consider the cultural fit between you and the organization, the growth opportunities, amount of travel, quality of life, professional mentorship and training. After completing this exercise, you’ll probably have a strong sense of which direction you’re heading in. BUT – don’t act yet. Next comes the “gut” test. Wait several hours, and then imagine the phone call you would make turning DOWN the job offer, and how you would feel afterwards. If you’re envisioning a sense of relief, then don’t take the job; if you’re envisioning a sense of disappointment, and then accept it. Trust your instincts!!
Should you negotiate your offer? It depends. Do your research after you receive the offer, and try to find out salaries at similar organizations in the same job function. Helpful sites to check out are:
If your research shows that the offer is below industry standards, you probably want to negotiate. The window of opportunity for negotiating terms is after you have had time to consider the offer and before you accept the position --- NOT at the time the offer is initially made.
After you have made your decision, UCS recommends notifying the employer by telephone and following up with an acceptance letter. Please keep in mind that when you accept an offer, you have a professional obligation to join that employer. Reneging on an offer (i.e., accepting an offer, changing your mind and then rejecting it) is both unacceptable and unprofessional; doing so damages your professional reputation, the reputation of Yale alumni employed by that organization and, of course, the reputation of Yale University.
First years, sophomores, and juniors who accept an offer and then renege on their acceptance will lose access to on-campus recruiting and potentially other UCS services as well.
Seniors who accept an offer and then renege on their acceptance will lose access to on-campus recruiting and possibly alumni career services (job search assistance, law school and/or health professions advising) as well.