Patrick McKenzie on Salary Negotiation
Learn Patrick McKenzie's essential principles for negotiating developer salaries effectively. Understand why negotiation is crucial, how to prepare before applying, and strategies like not giving your salary first. Discover ways to advocate your value beyond salary such as equity, bonuses, and benefits to maximize your total compensation.
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Summaries of experts
There are three people who dominate the discussion on Developer Salary Negotiation right now: Patrick McKenzie, Haseeb Qureshi (especially for early careers), and Josh Doody. Throughout the next few lessons, I cover their main talking points, occasionally adding commentary.
Patrick McKenzie
Let’s discuss Patrick McKenzie’s thoughts on salary negotiation.
A five-minute conversation
A five-minute conversation can lead to $5-15k a year more in salary. Taking in 401k contributions and future salary compounding, this can add up to an extra $100k over ten years. Negotiation is not haggling or greed. It is what rich, successful, in-demand people do.
It is not an even playing field
Your client/company/recruiter has far more information than you do, and they feel very differently about negotiation than you do. It is NOT an even playing ...