How to Negotiate a Higher Analytics Salary
01/09/23 • 5 min
Want to break into the analytics industry or land a promotion? Apply for my career services program here: https://learn.silvertoneanalytics.com/career-services/
In this podcast episode John David talks about the pros and cons of leveraging applying or networking to land an analytics job.
Podcast notes:
Most analysts are not great at advocating for themselves.
We’ve helped analysts negotiate $30k, $40k and even a $50k raise.
Here’s a concept that you can use to ask for more money...
ANCHORING
If you are currently working a job that pays you well beneath market value then you’re at a steep disadvantage from a negotiation stand point.
Your manager associates you with a low salary and potentially even low value to the company.
This is where ANCHORING comes into play.
In terms of negotiation, your value in your manager's mind is anchored at a low point. Any negotiation will be in comparison to where you currently are. This means you need to pull off a MAJOR win to get even a small raise.
One way to get anchoring on your side is to quantify the impact of your work in your resume and apply for a new job.
Your new employer doesn’t need to know your old salary.
You can just highlight the economic impact that you’ve had in that previous role.
#analyst #negotiation #salary
Welcome to the How to Get an Analytics Job channel. Discover how you fit into the analytics marketplace, what skills you should build, and how to land your analytics dream job. Analytics agency owner John David Ariansen and his team will give you tips and tricks to land your dream job and level up your analytics career.
Check Out Our Playlists
How to Get an Analytics Job Podcast:
https://www.youtube.com/playlist?list=PLBvzkZLydYX0D28bbnfRCV6M4zMQrhXsd
Greensboro College Analytics Lecture Series: https://www.youtube.com/playlist?list=PLBvzkZLydYX2UenX5FGME-n-KDjvKmeKp
Looking to land an analytics job? Sounds like you need a solid resume... Sign up for our email list to get a free analytics resume guide: https://mailchi.mp/df01df1e8856/analyticsjob
Follow us on LinkedIn:
John David Ariansen
https://www.linkedin.com/in/johndavidariansen/--- Support this podcast:
Want to break into the analytics industry or land a promotion? Apply for my career services program here: https://learn.silvertoneanalytics.com/career-services/
In this podcast episode John David talks about the pros and cons of leveraging applying or networking to land an analytics job.
Podcast notes:
Most analysts are not great at advocating for themselves.
We’ve helped analysts negotiate $30k, $40k and even a $50k raise.
Here’s a concept that you can use to ask for more money...
ANCHORING
If you are currently working a job that pays you well beneath market value then you’re at a steep disadvantage from a negotiation stand point.
Your manager associates you with a low salary and potentially even low value to the company.
This is where ANCHORING comes into play.
In terms of negotiation, your value in your manager's mind is anchored at a low point. Any negotiation will be in comparison to where you currently are. This means you need to pull off a MAJOR win to get even a small raise.
One way to get anchoring on your side is to quantify the impact of your work in your resume and apply for a new job.
Your new employer doesn’t need to know your old salary.
You can just highlight the economic impact that you’ve had in that previous role.
#analyst #negotiation #salary
Welcome to the How to Get an Analytics Job channel. Discover how you fit into the analytics marketplace, what skills you should build, and how to land your analytics dream job. Analytics agency owner John David Ariansen and his team will give you tips and tricks to land your dream job and level up your analytics career.
Check Out Our Playlists
How to Get an Analytics Job Podcast:
https://www.youtube.com/playlist?list=PLBvzkZLydYX0D28bbnfRCV6M4zMQrhXsd
Greensboro College Analytics Lecture Series: https://www.youtube.com/playlist?list=PLBvzkZLydYX2UenX5FGME-n-KDjvKmeKp
Looking to land an analytics job? Sounds like you need a solid resume... Sign up for our email list to get a free analytics resume guide: https://mailchi.mp/df01df1e8856/analyticsjob
Follow us on LinkedIn:
John David Ariansen
https://www.linkedin.com/in/johndavidariansen/--- Support this podcast:
Previous Episode
Keys to Becoming an Effective Analytics Leader and Manager
Want to break into the analytics industry or land a promotion? Apply for my career services program here: https://learn.silvertoneanalytics.com/career-services/
In this livestream Sangeeta Krishnan talks about how to thrive in the analytics industry. She is currently the Senior Analytics Lead of North American sales for Bayer and recently published a book called "Thriving in a Data World: A Guide for Leaders and Managers". In this episode she is going to break down the key takeaways from her book.
Check out her book here: https://www.amazon.com/Thriving-Data-World-Leaders-Managers/dp/1637424167/ref=sr_1_1?crid=AMXNHO5GLN3C&keywords=Thriving+in+a+Data+World&qid=1671227132&sprefix=thriving+in+a+data+world%2Caps%2C84&sr=8-1
Welcome to the How to Get an Analytics Job channel. Discover how you fit into the analytics marketplace, what skills you should build, and how to land your analytics dream job. Analytics agency owner John David Ariansen and his team will give you tips and tricks to land your dream job and level up your analytics career.
Check Out Our Playlists
How to Get an Analytics Job Podcast:
https://www.youtube.com/playlist?list=PLBvzkZLydYX0D28bbnfRCV6M4zMQrhXsd
Greensboro College Analytics Lecture Series: https://www.youtube.com/playlist?list=PLBvzkZLydYX2UenX5FGME-n-KDjvKmeKp
Looking to land an analytics job? Sounds like you need a solid resume... Sign up for our email list to get a free analytics resume guide: https://mailchi.mp/df01df1e8856/analyticsjob
Follow us on LinkedIn:
John David Ariansen
https://www.linkedin.com/in/johndavidariansen/
Hunter Brown
https://www.linkedin.com/in/hunterhbrown/--- Support this podcast:
Next Episode
The Mechanics of Effective Networking | Analytics Career Advice
Want to break into the analytics industry or land a promotion? Apply for my career services program here: https://learn.silvertoneanalytics.com/career-services/
In this podcast episode John David talks about how to approach networking in an effective manor. You want to build long term relationships that will have a big impact on your career long term.
Podcast notes:
NETWORKING is a great way to grow your analytics career
Aspiring data analysts often approach networking in the WRONG WAY
Here’s an approach to networking that you want to AVOID...
Don’t make your relationships transactional
It cheapens the overall depth of your network in the long run
If you can help some easily... do it!
Don’t only help someone out when it immediately benefits you
The best relationships I have don’t have a “score”
#dataanalyst #analyst #analytics #career #networking
Welcome to the How to Get an Analytics Job channel. Discover how you fit into the analytics marketplace, what skills you should build, and how to land your analytics dream job. Analytics agency owner John David Ariansen and his team will give you tips and tricks to land your dream job and level up your analytics career.
Check Out Our Playlists
How to Get an Analytics Job Podcast:
https://www.youtube.com/playlist?list=PLBvzkZLydYX0D28bbnfRCV6M4zMQrhXsd
Greensboro College Analytics Lecture Series: https://www.youtube.com/playlist?list=PLBvzkZLydYX2UenX5FGME-n-KDjvKmeKp
Looking to land an analytics job? Sounds like you need a solid resume... Sign up for our email list to get a free analytics resume guide: https://mailchi.mp/df01df1e8856/analyticsjob
Follow us on LinkedIn:
John David Ariansen
https://www.linkedin.com/in/johndavidariansen/--- Support this podcast:
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