- Evaluating Offers
- Co-op & Intern Salary
- B.S. Salary Information
- M.S. Salary Information
- PhD Salary Information
Step 1: Evaluate your Market
A job offer is much more to consider than just the base salary. Whether this is your first job or fifth, one should consider many factors before accepting any offer. Your next position can go beyond guiding your career path and should be given ample time when deciding.
Some easy comparisons to consider include:
• Financial Compensation (salary, insurance, relocation/ signing bonus)
• Location (preference, flexibility, relocation)
• Career Plan (advancement, rotational program vs fixed, interests, educational opportunities)
• Employer Culture/ Environment (values, turn-over, travel, dress, atmosphere, typical hours)
Step 2: Evaluate your Offer(s)
Which items are most important to you and your career?
An offer matrix is often a good tool to use to compare multiple offers. A sample offer matrix is provided to help you start to formulate what is important to you:
Step 3: Negotiate?
Negotiation is not always necessary and reasonable depending on competing offers, job market, etc. but if you feel it is, ask for flexibility on one or two carefully chosen items (i.e. Salary, start date, moving expenses, time-off)
Rules for negotiating:
1. Don’t negotiate until a firm offer (in writing) has been extended
2. Be prepared and use facts (average salary information, cost of living statistics)
3. Understand the needs and abilities of the employer.
4. All negotiating should take place over the phone or in person; this needs to be a conversation
5. Have your notes and materials with you, with source information
6. Follow-up with an email after the conversation to ensure that key points discussed are “in-writing”
Step 4: Accept/Reject, Extend Offers
Once you have made the decision to accept or reject an offer, verbally confirm and immediately follow-up in writing. Be sure to clarify important details for example “start date’, salary, bonuses, and other important specifics.
ACCEPT ONLY ONE OFFER (even if something better comes along later!)
Don’t burn bridges you may need in the future, and risk being “bad-mouthed” to other organizations.
Immediately decline (in writing) all other offers as well as notify all other employers that are still considering you. This is a professional courtesy and allows the recruiter to continue their search.
Report your accepted/declined offers:
ECS Job Search Guide: Evaluating Offers & Negotiation
U.S. Employer’s Guide to Hiring International Students (information provided by Interstride and Fragomen Law Firm – July 2022)
BS Co-op & Intern Hourly Salaries (Summer 2022- Spring 2023)
|Engr. Mechanics -Astronautics||$24|
|Materials Science & Engr.||$24|
Hourly rate rounded to nearest dollar
Undergraduate Salary Information
BS Entry-Level Salaries (2021-2022) UW-Madison
Information as reported voluntarily to Engineering Career Services by graduating students
|Engr. Mechanics & Astronautics||$72,451*||$72,000*|
|Materials Science & Engr.||$68,523||$70,250|
* = Average salary data from 2020-2021. Insufficient response rate for 2021-2022.
College of Engineering Destination Statistics & Salary Information:
National Data for Masters Salaries
|Masters’ Program (MS)||Mean||Median|
|Electrical & Computer Engr.||$97,808||$96,178|
|Manufacturing Systems Engr.**||$72,567||$78,798|
|Materials Science & Engr.***||$78,424||$82,700|
|Nuclear Engr. & Engr. Physics||NA||NA|
Source: NACE Summer 2022 Salary Survey
*** Materials Engineering
National Data for PhD Salaries
|Doctorate Program (PhD)||Mean||Median|
|Civil & Environmental Engr.||$78,130||$70,000|
|Electrical & Computer Engr.||$109,728||$108,550|
|Engr. Mechanics & Astronautics*||$89,689||$77,000|
|Industrial Engineering (incl. Manf. Sys.)||$110,708||$122,100|
|Materials Science & Engr.**||$87,728||$88,333|
|Nuclear Engr. & Engr. Physics***||$98,525||$86,075|