Nycpac33 Posted March 16, 2018 Share Posted March 16, 2018 Hey, new grad here. Was offered a job for an internal medicine inpatient position in a nyc hospital I was a little taken back by this salary, as my brother who is an mri tech makes more than this! Or am i asking for too much as a new grad and should lower my expectations? base: 82k, 2k bonus at the end of first year CME: 5 days, 2K 401k 3% insurance full coverage for dental/medical/vision PTO: 23 days vacation 15 sick days, all federal holidays paid was also offered unlimited OT Shifts at a rate of 65/hr what do u guys think? Maybe im forgetting another benefit but i was basically told that yes the base is low but “their benefits far outweigh a place that wil givr u more money up front” Link to comment Share on other sites More sharing options...
PA-SGuy Posted March 16, 2018 Share Posted March 16, 2018 terrible offer. I think median salary is like 90k for new grads, should be higher in NYC except for saturation plays a big role. Either way, 82k is awful. Do you have access to the salary report ? Link to comment Share on other sites More sharing options...
Nycpac33 Posted March 16, 2018 Author Share Posted March 16, 2018 5 minutes ago, PA-SGuy said: terrible offer. I think median salary is like 90k for new grads, should be higher in NYC except for saturation plays a big role. Either way, 82k is awful. Do you have access to the salary report ? Yep I agree thanks for helping me confirm that I’m not crazy lol. And I do have access to it.... 82 is like the low low low end! Link to comment Share on other sites More sharing options...
anewconvert Posted March 16, 2018 Share Posted March 16, 2018 If you read back through the threads in this sub forum you’d have to go the better part of a decade to find a thread where $82k would be a good offer Link to comment Share on other sites More sharing options...
marktheshark89 Posted March 16, 2018 Share Posted March 16, 2018 Other than the salary, everything else about the offer is pretty decent. I’d counter on the salary to see if you can get it up a bit. I’d maybe counter with 90 and hopefully they will give you 85-87k It’s good that OT is avaliable, which can help financially. Also you have a ton of PTO to start which is great. See if you can cash in what is left at the end of the year, that could help offset the lower salary. Link to comment Share on other sites More sharing options...
Nycpac33 Posted March 16, 2018 Author Share Posted March 16, 2018 Damn, my first interview too. What a bummer. I hope it gets better from here. Deff did not go thru PA school hell for 82k Link to comment Share on other sites More sharing options...
Moderator ventana Posted March 16, 2018 Moderator Share Posted March 16, 2018 I have no idea what NYC pays but everyone says it is crap the salary is not bad is they average pay is crap MOST important - how is the mentoring and teaching??? First job out = reasonable offer, good bennies, and THE BEST teaching you can find... Link to comment Share on other sites More sharing options...
AbeTheBabe Posted March 16, 2018 Share Posted March 16, 2018 I've heard NYC pays really low, especially the hospitals. However, that is a LOT of PTO/sick/holidays which can make up for the low pay. If you're working only 10 months/year then the salary doesn't seem that low. Link to comment Share on other sites More sharing options...
smccccc Posted March 16, 2018 Share Posted March 16, 2018 My first job is in NYC and higher than that. Soooo up that Link to comment Share on other sites More sharing options...
Nycpac33 Posted March 16, 2018 Author Share Posted March 16, 2018 Alright guys next question, most polite/proper way to decline an offer? ? Link to comment Share on other sites More sharing options...
beattie228 Posted March 16, 2018 Share Posted March 16, 2018 Email them declining the offer. Specifically state what it is you don't like about it (in this case, the base salary). They either will counter if they liked you enough or they will part ways and find a candidate willing to take low pay. Aside from the base salary, I agree the rest of the package is quite nice. A lot of PTO for a new grad. Most important factor for a first job isn't pay or benefits, though. It's finding a supportive environment where you'll be taught the in's and out's of the field. You'll have plenty of years after your first gig to make the big bucks, but you only have a short window where you're allowed to be the fumbling new guy/gal. Future positions will have expected you to iron those out in the first couple of years. Just my $0.02. Link to comment Share on other sites More sharing options...
anewconvert Posted March 17, 2018 Share Posted March 17, 2018 10 hours ago, Nycpac33 said: Alright guys next question, most polite/proper way to decline an offer? ? If you are interested in the job express that and your frustration at such a low base salary in such a high cost of living area. If if you are meh about the job or have a lot of other irons in the fire then say thank you for the opportunity but you feel the salary isn’t competitive in such a high COL area and that you don’t feel like you can reach a mutually agreeable salary if that is going to be their opening offer. Link to comment Share on other sites More sharing options...
Nycpac33 Posted March 17, 2018 Author Share Posted March 17, 2018 So do you guys think its okay to express my thoughts via email? I was thinking it’d be appropriate and more polite to call. But hey, il sure take email vs a confrontation involving talking to a live human in real time lol Link to comment Share on other sites More sharing options...
LonguylandPA Posted March 17, 2018 Share Posted March 17, 2018 my friend just got an offer at a major NYC hospital for 130k for 4 12s Internal med.. Link to comment Share on other sites More sharing options...
jeepgirl Posted March 17, 2018 Share Posted March 17, 2018 8 hours ago, LonguylandPA said: my friend just got an offer at a major NYC hospital for 130k for 4 12s Internal med.. Looks like you've both made it. Congrats! Link to comment Share on other sites More sharing options...
beattie228 Posted March 17, 2018 Share Posted March 17, 2018 9 hours ago, Nycpac33 said: So do you guys think its okay to express my thoughts via email? I was thinking it’d be appropriate and more polite to call. But hey, il sure take email vs a confrontation involving talking to a live human in real time lol Email is completely fine, and my preferred method of communication for matters like this. Particularly when doing the financial negotiations dance. Gives you a chance to clearly sort out your thoughts without fumbling over your words. Also creates digital footprint, especially if a counter-offer is made on their behalf. Rather than saying "so and so told me over the phone they'd pay me X", you have a saved email showing the response. Plus, it allows the answering party to respond when convenient for them rather than during the time that you called. Link to comment Share on other sites More sharing options...
SedRate Posted March 19, 2018 Share Posted March 19, 2018 On 3/16/2018 at 9:44 PM, LonguylandPA said: my friend just got an offer at a major NYC hospital for 130k for 4 12s Internal med.. How many PTO, benefits, match, CME, etc? 130 for new grad in NYC sounds fishy and too good to be true... Idk how many hours the OP position is for, but let's say 40/wk. 23 PTO + 15 sick (who gets that sick every year?) + 5 CME + 10 holidays = 53 days "off," which is unreal for a new grad. Let's use 1656 [(2080 hours - (53x8)] for OP's position per year: 51/h (equates to roughly 102k) plus full benefits and match and overtime at 65 (although should be 1.5x at 75), which actually is decent for a new grad. Also factor in COL, training environment, etc. OP is it hourly? Most salary positions don't offer OT. Do you have the opportunity to moonlight or work another job if wanted? Some contracts limit outside employment. Link to comment Share on other sites More sharing options...
SedRate Posted March 19, 2018 Share Posted March 19, 2018 Let's say the 130k offer is at a minimum 15 days PTO. You're looking at closer to 55/h. That really isn't that much better. Be careful when you look at the price tag... Link to comment Share on other sites More sharing options...
Moderator ventana Posted March 20, 2018 Moderator Share Posted March 20, 2018 I pretty much hate email for legal stuff seems I always get misinterpreted.... Link to comment Share on other sites More sharing options...
LonguylandPA Posted March 20, 2018 Share Posted March 20, 2018 On 3/19/2018 at 11:14 AM, Sed said: How many PTO, benefits, match, CME, etc? 130 for new grad in NYC sounds fishy and too good to be true... Idk how many hours the OP position is for, but let's say 40/wk. 23 PTO + 15 sick (who gets that sick every year?) + 5 CME + 10 holidays = 53 days "off," which is unreal for a new grad. Let's use 1656 [(2080 hours - (53x8)] for OP's position per year: 51/h (equates to roughly 102k) plus full benefits and match and overtime at 65 (although should be 1.5x at 75), which actually is decent for a new grad. Also factor in COL, training environment, etc. OP is it hourly? Most salary positions don't offer OT. Do you have the opportunity to moonlight or work another job if wanted? Some contracts limit outside employment. It has a decent benefits package from what he told me.. I think like 3 wks pto and like I said in the post, 4 12s a week Link to comment Share on other sites More sharing options...
SedRate Posted March 20, 2018 Share Posted March 20, 2018 5 hours ago, LonguylandPA said: It has a decent benefits package from what he told me.. I think like 3 wks pto and like I said in the post, 4 12s a week Yeah, that breaks down to only about $55/h, which really isn't a whole lot better than $51/h... The $130k pricetag seems nice at face value, but when you break it down to more relevant terms, it really isn't a $46k difference but only maybe $8k. Link to comment Share on other sites More sharing options...
jeepgirl Posted March 21, 2018 Share Posted March 21, 2018 4 hours ago, Sed said: Yeah, that breaks down to only about $55/h, which really isn't a whole lot better than $51/h... The $130k pricetag seems nice at face value, but when you break it down to more relevant terms, it really isn't a $46k difference but only maybe $8k. NYC pay is notoriously low for new grads. $55ish/hr + benefits package is a good deal for the area. That hospital also offers the added benefit of a 6 month training program to bring new hospitalists on line. Link to comment Share on other sites More sharing options...
SedRate Posted March 21, 2018 Share Posted March 21, 2018 2 hours ago, jeepgirl said: NYC pay is notoriously low for new grads. $55ish/hr + benefits package is a good deal for the area. That hospital also offers the added benefit of a 6 month training program to bring new hospitalists on line. Agreed, but my point was that the salary discrepancy between the OP's position at 84k and the 130k one is that it wasn't vastly different once broken down into relevant terms and hourly rate. Link to comment Share on other sites More sharing options...
LonguylandPA Posted March 21, 2018 Share Posted March 21, 2018 17 hours ago, Sed said: Agreed, but my point was that the salary discrepancy between the OP's position at 84k and the 130k one is that it wasn't vastly different once broken down into relevant terms and hourly rate. I said 130k for 4 12s. wasn't tryna deceive anyone ahhh Link to comment Share on other sites More sharing options...
Boatswain2PA Posted March 28, 2018 Share Posted March 28, 2018 82K sucks....but you get 45 paid days off a year, that roughly. 82k/year at 3 shifts a week is $525/shift. $525x45 = another $23.5k. 23.5k + $82k = $105.5k...that's not terrible. Link to comment Share on other sites More sharing options...
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