Career Advice

Boost Your Early Career Earnings with These Tips

We may receive compensation when you click on links to products from our partners. For more information, please see our disclosure policy.

As of 2024, the average American salary is around $63,795 according to SoFi. It’s important to consider that this is just an average, and actual salaries can vary depending on your location, industry, education level, and experience.

Recent graduates typically earn less than the national average, but their salaries tend to increase over time. If you’re just out of college, focus on gaining experience and developing your skills to improve your future earning potential.

As a new college graduate, stepping into the job market can be both exciting and daunting. You’re eager to apply your skills and start building a career, but you also face the reality of financial obligations like student debt. It’s important to craft strategies that not only position you for career growth but also consider your need to manage and eventually overcome these expenses. Planning wisely can help you balance the pursuit of professional success with the practical aspects of financial responsibility.

Our Pick
Salary Tutor: Learn the Salary Negotiation Secrets No One Ever Taught You
$13.99 $7.12
Buy Now
We earn a commission if you click this link and make a purchase at no additional cost to you.
06/18/2024 09:37 pm GMT

Improve your relationships

You won’t get far if you can’t develop valuable relationships. Your success will depend a great deal on how effective you are at networking, and the friends you make along the way could help you secure high-paying positions later on.

If you think that you are better off alone, then you will need to change this mindset. The reality is that you need to connect, especially with leaders and veterans in your field.

All it takes is effort and confidence. Become more open to other people, especially those who know more than you. Share insights with them and pitch ideas that are worth exploring. Doing these demonstrates your desire to develop valuable relationships.

You will also need to be among people who can function as mentors. From knowing how to manage your finances to managing a side job, there’s a lot you can learn about financial success from experienced workers in your field. Building a network ensures your survival and provides you with opportunities to demonstrate your value.

Social Networking for Career Success: Second Edition
$9.99

Social media is a powerful, mandatory tool for the job world, and career expert Miriam Salpeter illustrates its fullest potential with this one-stop resource. 

Buy on Amazon.com Buy on Walmart.com
We earn a commission if you click this link and make a purchase at no additional cost to you.
06/20/2024 04:31 am GMT

Start upskilling

College may have provided you with the necessary skills to work in your field, but education doesn’t end with an undergraduate degree. The job market is ever-evolving, with technological advancements frequently disrupting established norms. Today’s workforce must be adaptable, and ready to keep pace with the latest trends. Rather than relying solely on your existing skills, strive to acquire new ones. This proactive approach will keep you competitive and relevant in your career.

Ready to boost your earnings right at the start of your career? Discover essential strategies to maximize your income as you navigate the job market. Set yourself up for financial success! #CareerGrowth #EarningsBoost #FinancialFreedomClick To Tweet

For example, if you’re starting a career in teaching, consider learning app development to create custom learning platforms. If you plan to work in the financial industry, acquiring skills in data management and data forensics could be beneficial.

Through upskilling, your career options widen and companies won’t hesitate to provide proper compensation for the number of skills you have. Take online courses or feed your curiosity about the latest approaches and tools in your industry. You can also develop your abilities by taking part in seminars and training programs. If there’s an opportunity for you to enhance your value as a professional, don’t let it pass you by.

Chegg - Real World Skills to Launch Your Dream Career

Build the real-world skills you need to stand out to employers hiring for entry-level roles with Chegg Skills. Select a career path below to access exclusive internships and gain real-world skills. Students who add top skills to their resume are 3x more likely to hear back from potential employers

Get Started for Free
We earn a commission if you click this link and make a purchase at no additional cost to you.

Show your capacity for leadership

Becoming a leader requires hard work, but this is not entirely the case. Hard work does pay off in the long run, but becoming a leader involves more than just breaking a sweat. As you climb your way towards a high-paying leadership position, the rewards become greater.

You need to show your capacity for handling greater responsibilities. Even if it’s your first job, make yourself stand out by becoming an example to your colleagues. If you are asked to do something you think is beyond your skill set, take it. You will learn how to do a good job at it eventually.

A good leader participates in the decision-making process.  If you think you have an idea for an effective solution, share it with everyone else. Be critical of what’s going on and provide insights that can push the organization forward.

You don’t need a Master’s degree to prove your leadership capabilities. Being proactive, creative, and skilled in building rapport is essential. Instead of competing aggressively for a position, focus on fostering trust. Adopting a leadership mindset can accelerate your career growth and boost your earnings.

Leadership Step by Step: Become the Person Others Follow
$7.99

Leadership Step by Step walks readers through what to do and how to do it in an integrated and comprehensive progression of exercises designed to cultivate key abilities, behaviors, and beliefs through experience. The 22 exercises in this hands-on book help you accomplish the inner work and gain the social skills required for great leadership.

View on Amazon.com View on Walmart.com
We earn a commission if you click this link and make a purchase at no additional cost to you.
06/20/2024 03:48 pm GMT

Know your worth

If you’re just starting out, you might think any salary offer is acceptable. However, this mindset could lead you to undervalue your worth as a professional. It’s crucial to negotiate for a fair and just salary.

Not all companies are transparent during the hiring process. They may offer commissions, incentives, and other benefits, but there’s no guarantee you’ll receive these once onboarded.

Employers may make various promises to attract the right candidates, yet fail to compensate based on experience and achievements. If you’re offered a salary below the industry average for your position, consider walking away.

However, there is often room to negotiate. Seize this opportunity by proposing a realistic salary expectation. Justify your figure and make it clear that it’s the minimum you will accept. The negotiation might end in a compromise, but as long as the final amount meets your expectations, accepting it can be worthwhile. While negotiating your initial salary may not rapidly increase your wealth, it sets the stage for better compensation as you advance in your career.

With the economy constantly fluctuating, earning a fair wage is essential, especially at the start of your career. Keep these tips in mind to ensure you are compensated fairly.

Get Paid What You're Worth
$17.99 $12.59

Begin getting paid what you're worth---today!

Buy on Amazon.com
We earn a commission if you click this link and make a purchase at no additional cost to you.
06/19/2024 01:31 pm GMT

Final Words

Navigating the early stages of your career with a strategic approach to salary negotiation sets a strong foundation for future financial success. Additionally, maintaining a healthy credit score is crucial as it can impact your job opportunities, especially in fields where financial responsibility is key. By focusing on both your immediate earnings and long-term financial health, you position yourself for sustained career growth and stability.

Credit Sesame - Get your free credit score

Get your free credit score. Check your score right away and see what’s impacting your credit. 100% Free. No credit card. No trials. No commitments.


Sign up Now - 100% Free Read our Review
We earn a commission if you click this link and make a purchase at no additional cost to you.

Additional Resources

  1. Five Minutes to a Higher Salary
    $20.99

    Easily get higher salary outcomes by using the book’s scripted email and phone templates for over 60 negotiation scenarios. Unlike other negotiation books, you will never be left guessing how to apply a negotiation theory or principle.

    Buy on Amazon

    We earn a commission if you click this link and make a purchase at no additional cost to you.

    06/20/2024 02:31 am GMT
  2. How to Raise Your Own Salary
    $14.95
    Learn More

    We earn a commission if you click this link and make a purchase at no additional cost to you.

    06/19/2024 02:51 pm GMT
  3. Negotiating Your Salary: How To Make $1000 a Minute
    $15.95 $5.29
    Buy Now

    We earn a commission if you click this link and make a purchase at no additional cost to you.

    06/19/2024 05:46 pm GMT
  4. Five Minutes to a Higher Salary: Over 60 Brilliant Salary Negotiation Scripts for Getting More
    $9.99
    Buy Now

    We earn a commission if you click this link and make a purchase at no additional cost to you.

    06/20/2024 12:02 am GMT
  5. Salary Tutor: Learn the Salary Negotiation Secrets No One Ever Taught You
    $13.99 $7.12
    Buy Now

    We earn a commission if you click this link and make a purchase at no additional cost to you.

    06/18/2024 09:37 pm GMT
  6. How to Negotiate Your Salary: Positive Negotiation Secrets That Will Make You More Money
    $1.99
    Buy Now

    We earn a commission if you click this link and make a purchase at no additional cost to you.

    06/19/2024 01:05 pm GMT
Lasso Brag


What's next?

home popular resources subscribe search