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ck
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Joined: December 4th, 2002, 10:54 am

Do I have to say the min salary requirement?

January 11th, 2006, 1:22 am

I'm filling in an employment application form now, and it's asking "Minimum Salary Requirement". I really have no idea of the fair amount for entry level quant with PhD. Can I just leave this with blank? Or do I have to provide any number? Or can I just say "market value"?Thanks in advance.
 
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mj
Posts: 12
Joined: December 20th, 2001, 12:32 pm

Do I have to say the min salary requirement?

January 11th, 2006, 6:28 am

just say that would depend on precise position offered
 
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DominicConnor
Posts: 41
Joined: July 14th, 2002, 3:00 am

Do I have to say the min salary requirement?

January 11th, 2006, 10:43 am

At entry level there is relatively little "negotiation" involved. Many firms have a policy set level, and you get that.
 
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zarnywhoop
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Joined: December 2nd, 2004, 5:39 pm

Do I have to say the min salary requirement?

January 12th, 2006, 7:44 am

In which case a minimum salary requirement on an application form is meaningless and should expect a meaningless answer.
 
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DominicConnor
Posts: 41
Joined: July 14th, 2002, 3:00 am

Do I have to say the min salary requirement?

January 12th, 2006, 8:45 am

In which case a minimum salary requirement on an application form is meaningless and should expect a meaningless answer.At entry level, yes.The impression I get is that firms of each bracket tend to pay about the same as each other, and adjust to kepp it so.Mrs. DCFC's firm have an interesting policy for hiring entry level lawyers. They pay more than anyone else. Their theory is that this costs around 10% more, but this buys themthe ability to pick the best. This fact is generally known amongst their audience, and so it helps attract good people.I also feel there is a certain self selection in that. People often have a realistic view of their ability, and thus her firm has to spend less time on people who they wouldn't hire.Applied to banks, there must be a firm who pays the most. If I was running entry level recruitment, I'd have that in the adverts.
 
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ck
Topic Author
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Joined: December 4th, 2002, 10:54 am

Do I have to say the min salary requirement?

January 12th, 2006, 4:51 pm

Thanks everyone.So the bottom line is the salary question is only for experienced and not applied to newbies.