Congratulations-- you’ve received an offer! Now it’s time to reflect and evaluate. The University Career Center is a resource to you as you consider your options. In addition to the online information, our career coaches are happy to help you process your decision through an appointment.
Evaluating the Offer(s)
- Are you excited about the opportunity? Does it fit your goals?
- Do you have any hesitations about the organization?
- How does the package align with industry trends and your expectations? Consider:
- Health Benefits
- Vacation and Leave Policies
- Location and cost of living
- Relocation Packages
- Signing Bonus
- Other Common Options: Stock options, Mentorship Programs, Professional Development opportunities, Parking/Transportation, Start Date
If some of these questions give you pause or if you are deciding between two or more offers, consider making an appointment with a career coach.
Salary Research Tools
- Research job titles and filter based on industry, employer size and years of experience.
- Research salaries for positions at specific organizations.
- NACE Salary Calculator
- Research specific titles by location based on your U-M education.
- Salary Expert Cost of Living Data
- Cost of living and location comparisons
Requesting an Offer Deadline Extenstion
When an offer is first extended, you do not need to respond during the initial conversation. It is appropriate to ask for time to evaluate the offer, and employers will often give between a few days to a couple of weeks for a student to think through their decision.
Sometimes students find that they need more time to evaluate an offer. Whether you have received a return offer from your internship site and would like to explore other options and/or you received an offer while in the midst of other interviews, it is appropriate to ask your employer for more time. Typically, the best approach is to reach out to your recruiter, explain why you are in need of an extension, and be specific about the extension you would like. Some employers will be able to accommodate, while others will have less flexibility.
We highly recommended that employers offering full-time positions to current/previous summer interns give students until November 30 to accept/decline the offer, as seen in our Recruitment Policies. Many students find that sharing the suggestion with their summer internship sites can be helpful as they ask for more time.
What are the Implications of Backing-Out of an Accepted Offer?
Once an offer has been accepted, it is the University Career Center's expectation that a student would not continue to actively job search or participate in on-campus recruiting.
In instances where the University Career Center is informed by an employer that a student retracted a previously made commitment to a position, the University Career Center reserves the right to take actions to address this.
Should You Negotiate?
- Before you begin, decide what specifically you are seeking. Many employers have tight salary ranges if they are able to be flexible on salary, so assess what a reasonable request would be based on your research on salary and cost of living.
- Set up a time to talk with your recruiter. We recommend doing this on the phone.
- Begin with your enthusiasm for the offer. Explain what appealed to you during the interview process.
- Explain that you have looked over the offer, discuss the positives of the offer, and point out the concern you would like to discuss further.
- The key at this point is to ask the question: “Is this element of the offer negotiable?”
- Be ready for any reaction at this point:
- Yes? The ball is still in your court! At this point you will need to outline your specific ask as well as the research you used to generate the ask.
- No? If you have time on your offer, do not feel the need to accept/reject the offer on the phone if you need time to process this new information.
- Maybe? Often recruiters will need time to process the request. It’s common for employers to get back to you.
- End the call with gratitude for the offer, thank them for their time, and come to a consensus about when you will get back to them about your decision.