What Salary? - MBA (Wharton) & 10+ Years Experience

[US MBA]

Unbelievable & HeIsright,

A hint, go to MichaelPage site, and you will see the range of jobs and salary packages they are offering. Also, if you are in the league of Top US MBAs, you would not be posing these questions and insisting of having the "actuals".

The insights we are providing, I believe will help our Wharton friend to work out his/her plan. Don't think s/he needs these specifics to negotiate for a better package...That would not work...All s/he needs to know is what does s/he thinks s/he is worth ! If s/he is fr Wharton, confidence should be a self nature...

[WG]

Another Wharton alum here. I suggest you go to the alumni directory www.wharton.upenn.edu/alumni  
and find some alums that live in Singapore; I think it's a better way to gauge the appropriate salary for a Wharton grad. Otherwise you'll be gettting responses with some outliers, if you know what I mean.

I think you should get relocation expenses. Remember Prof Shell's negotiations class? I am sure you can get what you want if you're creative with the negotiations.

[TryThis]

Let me try to throw in some company names .... For starters, all consulting companies (McKinsey,Bain,BCG,Accenture,KPMG), all burger companies (McDonalds,Burger King,Wendys,In&Out)

[great suggestion]

Yes, fantastic idea....ask your fellow *club* members what they make...talk about classless!  It just goes to show you that going the Ivy league way does not guarantee the biggest salary  

[Please_just_one_more]

ok. i told them that i cannot accept it and the new numbers are...

- Salary - S$250,000
- Annual bonus (guaranteed) - $30,000
- Performance Bonus - 20% of salary
- Housing - S$70,000
- Car allowance - S$30,000
- Relocation - None
- Child Schooling - $12,000 per year per child

i am still thinking

[sounds fair]

The counter offer sounds a lot better than the original offer.  I would still ask for relocation.  Do you really want to pay for shipping/moving yourself?  Also, one must remember that the economy is not that great in the US, so this job seems like it may be a great opportunity for you and your family.  Good luck with your decision.

[namaste]

Sorry to digress....

great suggestion - why are you so bittter? what does asking alumni for help have to do with lacking class. if you would have attended a school like wharton, harvard or stanford, you would know that asking other alumni for help is very common and yes, it can include surveying salary ranges. perhaps you should search within yourself to see why you are so angry with people who attended top tier schools. this person is asking for help and all you can do is try to belittle someone else's helpful remarks.

With respect to your second point about wharton grads being  paid the highest, what ever gave you that impression? Clearly salaries are subjective. However, I do believe, on average, an MBA does make more money than someone who does not hold the same degree and years of experience. As always, there are exceptions.

Best of luck Wharton job seeker.

[ProIVYleague]

Great Suggestion said "It just goes to show you that going the Ivy league way does not guarantee the biggest salary "

This fella Grat Suggestion obviously does not have ivy league degree and probably works for one who does. What is he talking about this guarantee the biggest salary etc.  I think the revised numbers are pretty decent and they dont just revise numbers like this for non-ivy leaguers. I bet that this guy applied to a bunch of top programs and got rejected by every one of them.

[go]

Go with the 2nd offer PLUS removal expenses both ways.

[DecentMan]

Hmmm...

From an offer of $200k+ changed to about $400k?

Very hard NOT to think this is a wind-up. Considering that the original poster does not sound like someone who took nego 101.  (among other factors.)

Anyway, from the sound of it whatever offer the poster accepts - either the first or the second one - is already more than what he is currently earning. That's why he is considering it in the first place, right?

[Indecent Man]

DecentMan Said

Hmmm...
From an offer of $200k+ changed to about $400k?

Very hard NOT to think this is a wind-up. Considering that the original poster does not sound like someone who took nego 101. (among other factors.)

Anyway, from the sound of it whatever offer the poster accepts - either the first or the second one - is already more than what he is currently earning. That's why he is considering it in the first place, right?
------------------------------------------------
ACTUALLY, I THOUGHT THE GUY/GAL WAS NEGOTIATING PERFECTLY. FIRST, YOU DONT RESPOND TO THE INITIAL PACKAGE AND HENCE VALIDATE IT. THIS WAY, THE COMPANY CAME BACK WITH A SECOND PACKAGE. SEE, YOU DONT JUST START NEGOTIATING RIGHT AWAY. YOU WILL BE VALIDATING THAT THE PACKAGE IS IN THE BALLPARK.

WIND-UP? I DONT KNOW - CANT COMMENT ON THAT. WHO CARES.

THE OFFER MAY NOT BE MORE THAN WHAT HE IS EARNING. DECENT MAN IS AN IDIOT MAN. HE ASSUMES THAT MONEY IS THE MAJOR MOTIVATION BEHIND SOMEONE ACCEPTING A NEW JOB. PEOPLE HAVE MANY MORE REASONS.

[DecentMan]

Awwww....someone here need a hug.

[da]

You guys are all dreaming man ! No one is hiring at these kind of salaries nowadays. You d be lucky if you find a simple job. I know a full load of US guys with more than 10 years of experience in IT who haven t been able to find a job here for more than a year

[Colonel Brinks]

I actually don't think 25k is enough! that only works out as 480 beers a week. That's only 30 pints DAY!!!! excluding whiskey G&T's Singy slings etc.

You should definitely go back and negotiate. As for the housing it's laughable! how will you fit the 10 Filipino, 5 Indonesians and 3 Sri Lankan Whor....er maids in a 6 bed 10,000 sq footer in Woodlands.

And the car? well you can hardly run a Bentley on that now can you.....I think old boy, that you just tell them where to get off and keep your current job in Dreamland USA!!!!

[wingyhk]

this says it all
>
> > A boat docked in a tiny Mexican village. An American tourist
> complimented
> > the Mexican fisherman on the quality of his fish and asked how
> long it
> > took him to catch them.
> >
> > "Not very long," answered the Mexican.
> >
> > "Well, then, why didn't you stay out longer and catch more?"
> asked the
> > American.
> >
> > The Mexican explained that his small catch was sufficient to
> meet his
> > needs and those of his family.
> >
> > The American asked, "But what do you do with the rest of your
> time?"
> >
> > "I sleep late, fish a little, play with my children, and take a siesta
> > with my wife. In the evenings, I go into the village to see my
> friends,
> > have a few drinks, play the guitar, and sing a few songs...I have a
> full
> > life."
> >
> > The American interrupted, "I have an MBA from Harvard and I can
> help you!
> >
> > You should start by fishing longer every day. You can then sell
> the extra
> > fish you catch. With the extra revenue, you can buy a bigger
> boat. With
> > the extra money the larger boat will bring, you can buy a second
> one and a
> > third one and so on until you have an entire fleet of trawlers.
> >
> > Instead of selling your fish to a middle man, you can negotiate
> directly
> > with the processing plants and maybe even open your own plant.
> You can
> > then leave this little village and move to Mexico City, Los
> Angeles, or
> > even New York City! From there you can direct your huge
> enterprise."
> >
> > "How long would that take?" asked the Mexican.
> >
> > "Twenty, perhaps twenty-five years," replied the American.
> >
> > "And after that?"
> >
> > "Afterwards? That's when it gets really interesting," answered the
> > American, laughing. "When your business gets really big, you
> can start
> > selling stocks and make millions!"
> >
> > "Millions? Really? And after that?"
> >
> > "After that you'll be able to retire, live in a tiny village near the
> > coast, sleep late, play with your children, catch a few fish, take
> siestas
> > with your wife, and spend your evenings drinking and enjoying
> your
> > friends."