Bill Gates, co-founder of Microsoft and one of the wealthiest individuals in the world, has shared his perfect response to a common job interview question: “What are your salary expectations?”
His approach could help you stand out in the competitive job market.
Why this answer will make you stand out
Salary discussions can be one of the most intimidating parts of a job interview. Many candidates struggle with how to answer.
Gates, however, offers a unique approach that highlights your value and commitment to the company’s success.
Bill Gates‘ advice on answering the salary question
Instead of giving a direct figure, Gates recommends focusing on the bigger picture. He suggests saying:
He advises saying: “I hope the option package is good. I’m able to take risk and I think the company has a great future, so I prefer to get stock options even more than cash compensation.”
He adds: “I hear some other companies are paying a lot, but treat me fairly and emphasize the options.”
This response shows that you’re focused on long-term growth and invested in the company’s success. It emphasizes your belief in the company’s potential and your confidence in your own abilities.
Why this approach shows confidence and dedication
By mentioning stock options, Gates demonstrates that he is willing to tie his earnings to his performance.
This approach communicates confidence and a desire to contribute to the company’s success.
This mindset can also be applied to any company with a bonus scheme.
For example, you could express your dedication to earning 100 percent of your bonus every quarter through high performance.
Research your salary expectations If necessary
If salary is a concern, it’s important to do some research.
Look at average wages for similar roles and use that information to guide your expectations.
Many employers now include salary information in job advertisements. According to job site Indeed, 50 percent of U.S. job postings in August 2023 included at least some salary details.
Bill Gates’ approach to discussing salary expectations is one that demonstrates both confidence and commitment.
By focusing on long-term growth and performance-based rewards, you can show potential employers that you are not only concerned with personal compensation but also with contributing to the company’s success.