As a rule, it is not wise and even considered a bad method to include your salary expectations in a cover letter.
You want to be in the best position of power, discussing/negotiating your expected salary only after the company decides to hire you and gives you a job offer.
During an interview, however, they may ask you about the salary range and there is a way to handle this question – refer to the article: Interview Question “What Are Your Salary Expectations”.
Sometimes, however, there might be cases when a recruiter/employer asks for your expectations after seeing your resume.
It is their first selection criteria and there is no escaping it. In fact, it is always a no-win situation for you – you must quote a figure which is either too high or too low.
My first suggestion is that if the company doesn’t ask for it, then avoid revealing your salary expectations in cover letters.
You should first secure the position and get an offer before taking it any further.
However, what should you do if they do ask?
How should you include Salary Expectations in a Cover Letter?
Actually, there are 4 options for stating your salary expectations:
1. Give a wide range of numbers, for having the best chance of matching the company budget.
2. Give a top range, aiming high, but ready to negotiate.
3. No number is given, stating “willing to negotiate salary after knowing I’m a strong candidate.”
4. No number is given, indicating” flexible where salary is concerned, consider it as only one important factor of the overall job aspects.”
I wouldn’t go for options 3 or 4 – depending on the position you are applying for, you don’t have the upper hand before the company gets to know you.
You can combine two options (for example 1 and 4) and include your salary expectations at the end of your cover letter.
For more information, please see the articles:
- Sample cover letter with salary expectations/requirements
- Resume cover letter samples
- Resume cover letter format
