Present a better offer if you feel like your worth more. When a company presents their offer for $80,000, you simply choose a bigger number at random and reply, “That sounds a bit low to me. But if you’re far enough along in the process, these people like you and want to continue liking you. If a potential employer wants to discuss pay expectations or other benefits before extending an offer, ask to discuss money after you and the employer agree you are a match. Worst case, he has that Platinum-level counteroffer. Make sure to include the position, start date, rate of pay, and any recently negotiated items in your confirmation letters. In both cases, the people on the other side of the salary negotiations are trying to get you for the most cost-effective price. This approach shows that you have done your market research and aren’t just picking numbers out of a hat. Some career experts advise against accepting any counteroffer from your current employer, for two main reasons: First, your own reasons for leaving are likely to be about more than money; and second, it’s extremely hard to get accepted into the inner circle of a company from which you once threatened to resign.
However, those who want to keep earning a salary and/or have family obligations to attend to, can often request the dean of the program to extend the duration of his or her program, in order to pursue a part-time schedule. Universities are motivated to attract talented candidates into their master’s programs for positioning and ranking purposes, therefore, they can offer flexibility for those they are confident have the ability to complete the requirements of the advanced degree. An MBA is not typically required to make partner at a CPA firm, so it may make sense for a degreed accountant or CPA to invest his or her time and money in a master’s degree in accounting or taxation instead. This allows him or her to focus on priority areas or interests such as regulatory compliance, estate planning or financial reporting. Clients of the CPA firm can spend hundreds of dollars for each hour of the CPA’s time, and they will want practical, immediate and effective solutions to their accounting or tax problem. A research or consulting firm may also want similar expertise from a credited statistician or an economist. (To learn more, see CPA, CFA Or CFP Pick Your Abbreviation Carefully .) Should a professional decide to become a specialist in his or her field and work on cutting-edge issues or advances, a graduate level degree (such as a master’s or PhD) with guidance, can provide the opportunity to conduct research in emerging issues and areas deemed important either by industry, the government or the academic community. Generating new findings in your field can be an exciting way to contribute and shape initial impressions on new areas. A summer internship at an investment bank or Fortune 500 company, after your first year in the MBA program, won’t get you there. You’ll probably be working on a cookie-cutter process improvement project or product analysis assignment. (For more, see The Designation For Your Financial Education: CFA, MBA Or Both?
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