Freshmen can negotiate with the salary

Factors That Affect Your Salary

The same job doesn't necessarily mean the same salary, as various factors play a role in your salary negotiation. We'll tell you the most important points that will affect your salary.

How much do I earn after graduation?

You are about to finish your studies and are now wondering which job is right for you? Of course, the salary prospects also play a major role. However, it is seldom possible to provide precise information on earnings for a position. Because various factors simply play a role in your final salary, so that you can earn more (or less) than your fellow student, for example, who chose the same profession after graduating - not only when starting your career, but also in your further professional life .

These points are important for your salary:

In principle, it can play a role whether you are applying in the south or in the east of Germany, for example. Because salaries in the east are often lower than in the rest of the republic. There can also be differences in the salary classification between large cities and rural areas.

It can be said that the higher your degree, the better your salary will be. With a master’s degree, you have better chances of earning more than with a bachelor’s degree, with an MBA or a doctorate, the salary can go up again. However, with a bachelor's degree, you start working earlier and earn your own money sooner. So many salaries adjust over time - so it may well be that it doesn't make much financial difference in the long term whether you have a bachelor's or master's degree.

Your experience also plays a role when you start your career. Because the more internships or experience you can demonstrate through part-time jobs during your studies, the better your position for salary negotiations. But your experience plays a very important role in the salary, especially for later applications. Have you already had management responsibility in your previous positions? Do you build on your previous positions or have you changed departments in the meantime, e.g. B. from recruiting to marketing? The more experience you have, the better your salary will usually be.

You shouldn't underestimate the size of the company either. It is true that family businesses also have the opportunity to earn above-average earnings. This is more often the case in international corporations with several hundred or thousand employees - if only because there are more opportunities for advancement in large companies. Therefore, there is a better chance that your salary will be better in a large company than in a small or medium-sized company.

This point is almost unnecessary to mention, but it is still one of the most important factors for your salary: Which position are you actually applying for? Because, of course, it makes a difference in terms of salary whether you are hired as a trainee, in a junior position or as a manager with managerial responsibility.

Most of the factors that affect your salary cannot be directly influenced by you. Of course you can decide for yourself whether you are applying in the East or West, in a family business or with a global player, but these factors are fixed from the start. However, you are solely responsible for your own negotiating skills. Because your personality can also have a significant impact on your salary: If you are more cautious, set your desired salary lower or cannot negotiate well, you will earn less in the same position and in the same company than your competitor, who convinces with negotiating skills can and represent himself as a strong personality.

So be aware of your skills and your added value for the company and represent this attitude in your application and in salary negotiations. Of course, you shouldn't apply for a trainee position with utopian salary expectations, but always stay realistic. But if you start out with a below average salary, it's difficult to bring that up to an average salary over the years.

In our detailed course descriptions, we have always given some exemplary earnings information that you can use as a guide for your own salary negotiations.

Of course, the choice of your degree program can also play a role in your salary. Engineering, economics or management and computer science courses generally have better prospects for a higher salary than, for example, the humanities or artistic courses. You should be aware of this when choosing a course of study, but not make your decision on a course dependent on it alone.

Similar to the degree programs, there is also a difference between the various industries in terms of your potential earnings. In the automotive or chemical industries, for example, salaries are generally much better than in the tourism sector, for example. But of course it still depends on your position.

You should also always take any additional benefits into account in your salary. Your absolute salary may not be that high at the end of the month, but your company will provide you with various additional benefits that you can use to save money. These include B .:

  • Commissions
  • Bonus payments
  • Company car
  • Company cell phone / laptop
  • Employer-funded pension
  • Additional vacation days

Your salary can be significantly improved again through commissions and bonus payments, so that you should find out about additional services offered during the job interview or salary negotiation.