Skip to main content
A safe space where every woman’s voice can rise.

How to Ask for a Raise After Receiving Your College Degree

How to Ask for a Raise After Receiving Your College Degree

Earning your college degree is a monumental achievement that signifies personal and academic growth and enhances your professional value. If you've recently graduated and believe this accomplishment warrants a raise, here’s a step-by-step guide to help you navigate this critical conversation with your employer.

Step 1: Prepare Your Case

1.1 Research Industry Standards

  • Benchmark Salaries: Look up the average salaries for your role, experience level, and new educational qualifications within your industry and geographic location.

  • Salary Surveys: Use resources like Glassdoor, PayScale, or industry-specific salary surveys to get accurate data.

1.2 Document Your Achievements

  • List Accomplishments: Compile a list of your key achievements, contributions, and projects that demonstrate your value to the company.

  • Quantify Results: Whenever possible, use metrics and numbers to show the impact of your work (e.g., “Increased sales by 20%,” “Saved the company $10,000 annually”).

1.3 Highlight Your New Skills

  • New Knowledge: Identify specific skills and knowledge gained through your degree that benefit your role.

  • Relevance: Explain how these new competencies can contribute to your team and the company’s goals.

Step 2: Plan the Timing

2.1 Choose the Right Moment

  • Performance Review: Ideally, align your request with your performance review cycle.

  • Company Success: Aim for a time when the company is performing well financially.

2.2 Schedule a Meeting

  • Request a Meeting: Email your manager requesting a private meeting to discuss your career progression.

  • Be Clear: Mention that you’d like to discuss your role and compensation following your recent academic achievement.

Step 3: Conduct the Meeting

3.1 Present Your Case

  • Be Professional: Dress appropriately and maintain a professional demeanor throughout the conversation.

  • State the Purpose: Clearly state that you’re seeking a salary adjustment in recognition of your new degree and the additional value you bring to the company.

3.2 Use Evidence

  • Share Research: Present your salary research and explain how you're to recognize compensation compared to industry standards.

  • Detail Achievements: Highlight your documented achievements and new skills, showing how they align with the company’s objectives.

3.3 Be Open to Discussion

  • Listen Actively: Be prepared to listen to your manager’s feedback and concerns.

  • Negotiate: If an immediate raise isn’t feasible, discuss other forms of compensation, such as bonuses, additional benefits, or a future raise.

Step 4: Follow Up

4.1 Confirm Next Steps

  • Get Clarity: Confirm what was discussed and any agreed-upon actions, such as a follow-up meeting or timeline for your raise.

4.2 Continue to Demonstrate Your Value

  • Deliver Results: Continue to excel in your role and demonstrate your value to the company.

  • Seek Feedback: Ask your manager for regular feedback to track your progress and address any concerns they may have.

Good Luck!

Written by; Dr. Jacqueline Lang, MBA, MPA, MSED

Opinions expressed are solely my own and do not express the views or opinions of others.

 

Continue reading

10 Ways Students Can Use AI to Supercharge Their Job Search

10 Ways Students Can Use AI to Supercharge Their Job Search

Navigating the Waters of Global Employee Competition: A Guide for Students

Navigating the Waters of Global Employee Competition: A Guide for Students

Your Cart

Your cart is currently empty.
Click here to continue shopping.