Salary Negotiation as New Employee (not new grad). Offer lower than what I’m currently making.
I’m a surgical sub specialist five years out from finishing residency and I’m considering moving to a different region of the country with a higher cost of living/real estate than where I currently live.
I’ve had some preliminary conversations with several of the groups in the region. They only have experience with bringing on a new grad and provided the starting salary they gave that person. My concern is that this is about $200,000 less than what I’m currently making. Maybe I’m overthinking this, but it seems a little awkward to negotiate a higher salary as an employee for a group that you will want to be a partner at within a year or two of beginning employment. There’s no set partner timeline, basically as soon as you are productive enough to support yourself, you can become partner.
I don’t want to poison the relationship at the outset by asking for more money which I know is coming from the business but I also don’t want to take a significant pay cut in a location where cost-of-living is higher in real estate is more expensive.
TLDR: is it reasonable to ask for a higher starting salary joining a physician owned group if you have experience at a residency compared to a new grad?
ETA: I am currently an employee of a multispecialty specialty group owned by a larger national organization without an opportunity for partnership currently. But I am in an eat what you kill model and I am quite busy and productive. I am aware that high cost of living places also typically pay less.
At the group, I’m talking to the current partners make as much as me or more depending on productivity and there is a very straightforward path to partnership. So there definitely is some deferred economic benefit.