How to Ask for a Pay Raise: A Guide for Finance & Accounting Professionals
As a finance or accounting professional, asking for a pay raise is a strategic conversation that can advance your career and recognize your contributions. In 2025, with market shifts, inflation, and evolving workforce expectations, it's more important than ever to approach salary discussions thoughtfully and confidently.
At KCG Search, we work with finance professionals across industries and have identified the approaches that consistently lead to successful outcomes. Here's how to prepare and execute a pay raise conversation that works.
1. Do Your Market Research
Before approaching your manager, understand your market value:
- Review current salary benchmarks for your role, experience, and location.
- Consider total compensation, including bonuses, equity, retirement benefits, and other perks.
- Evaluate your education, certifications, and specialized skills to see how they align with market expectations.
- Understand internal policies and timing — aligning your request with performance reviews or budget cycles can increase success.
2. Consider Timing and Context
The timing of your raise request can significantly impact its success:
Financial Health of the Company
- If the company is experiencing budget constraints, cutbacks, or layoffs, it may not be the right time to ask for a raise.
- Review company financial reports, news stories, and industry trends.
- Even when the company is performing well, having this context allows you to frame your conversation thoughtfully and demonstrate business awareness.
3. Be Specific With Your Request
Clearly articulate what you're seeking — a percentage increase (e.g., 3–5%), a dollar amount, or other forms of compensation, such as:
Additional vacation days
- Professional development reimbursement (degree or certification programs)
- Performance-based bonuses
- Being specific demonstrates preparation and makes it easier for your manager to respond.
4. Show the Return on Investment (ROI)
Frame the conversation as a business discussion:
- Highlight how your contributions have positively impacted the company financially or operationally.
- Use metrics to quantify results, such as cost savings, process improvements, revenue impact, or efficiency gains.
- Outline how you plan to continue delivering measurable value in the future.
Think of it as demonstrating why investing in you makes financial sense for the company.
5. Prepare a Professional Script
Structure the conversation clearly:
- Open with appreciation for your role and opportunities
- Present achievements with measurable results
- Clearly state your request
- Listen to feedback and remain collaborative
Example:
"Over the past year, I've led the 'X' project that reduced costs by 15% and streamlined the month-end close by 30%. Based on market research and my contributions, I'd like to discuss adjusting my compensation to reflect the value I bring to the team and organization."
6. Follow Up Professionally
After the meeting, summarize key points in a brief email:
- Thank your manager for their time
- Recap your accomplishments and discussion points
- Confirm next steps or timelines
Final Thoughts
Asking for a pay raise is a strategic, data-driven conversation. By preparing with market research, considering timing and context, being specific with your request, and framing the discussion in terms of ROI, you position yourself for success while demonstrating leadership and business acumen.
At KCG Search, we help finance and accounting professionals take a proactive approach to career growth, including negotiating compensation that reflects their actual value.
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