Earlier this year, I spent a lot of time thinking about compensation. I am in Construction Engineering Management, and our program works very hard to connect to job opportunities after school, so as long as one can pass their classes, do an internship or two (they are quite easy to get at the many CEM career fairs), a person is more likely than not to graduate college with a signed offer. I was lucky and received a job offer from my internship that I had completed, but I wanted to take my elder’s advice and seek out at least one more job offer. So I went through the interview process and received a job offer from another company that met my criteria of General Contractors, which I would like to work for (High Construction Volume, employee-owned).
Once I had two offers in hand I had to take a second and just sort of catch my breath, I was extremely grateful to be so fortunate to have these opportunities. Then came the hard part: negotiation and making a decision. Not to go too deep into the weeds of the offers but essentially: the offer from my internship company was a fair salary as well as non-exempt, with good benefits and essentially a guarantee I would get my shares vested within 2 years, and the second offer was a slightly higher amount of base salary, however it was exempt, and the timeline to vesting my employee ownership was less clear.
Given all of this, and knowing that I liked the people, workstyle, and culture of the company I interned with, I returned with a counteroffer asking for a signing bonus, and they accepted. This decision was highly driven by compensation, as I want to start working after college to start paying off my loans. Both jobs offered a lot of potential compensation, however I felt that the offer I accepted would both have a higher potential for upfront earnings as the position was non-exempt, so I will have the opportunity to earn overtime, as well as I will most likely get my shares vested much faster at this company, so I will be able to start acruing company equity which will provide further compensation.