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Graduate fellow hiring summary. Here are some key points about hiring graduate fellows in the United States:
Here's a step-by-step graduate fellow hiring guide:
Before you start hiring a graduate fellow, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A graduate fellow's background is also an important factor in determining whether they'll be a good fit for the position. For example, graduate fellows from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of graduate fellow salaries for various roles:
| Type of Graduate Fellow | Description | Hourly rate |
|---|---|---|
| Graduate Fellow | $21-39 | |
| Student Instructor | Typically, a Student Instructor engages students in learning the assignments, materials, pacing, resources, and activities. Student Instructors learn and enforce questioning and discussion strategies in promoting knowledge acquisition and student participation... Show more | $15-35 |
| Graduate Student Internship | Graduate interns work in different industries, and their job responsibilities may vary. As a graduate student intern, you may be expected to offer your services free of charge to the company you find placement in exchange for the experience you'll be getting... Show more | $8-24 |
Including a salary range in your graduate fellow job description helps attract top candidates to the position. A graduate fellow salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a graduate fellow in Colorado may be lower than in Washington, and an entry-level graduate fellow usually earns less than a senior-level graduate fellow. Additionally, a graduate fellow with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Maryland | $67,168 | $32 |
| 2 | Indiana | $67,107 | $32 |
| 3 | Illinois | $66,980 | $32 |
| 4 | Oregon | $66,160 | $32 |
| 5 | District of Columbia | $59,856 | $29 |
| 6 | Texas | $57,068 | $27 |
| 7 | New York | $56,605 | $27 |
| 8 | Michigan | $55,966 | $27 |
| 9 | Massachusetts | $55,941 | $27 |
| 10 | South Carolina | $51,702 | $25 |
| 11 | Ohio | $51,484 | $25 |
| 12 | Wisconsin | $49,509 | $24 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Pace University | $92,847 | $44.64 | 3 |
| 2 | Barclays | $90,692 | $43.60 | |
| 3 | Morgan Stanley | $87,113 | $41.88 | 1 |
| 4 | Pacific Northwest National Laboratory | $79,993 | $38.46 | 1 |
| 5 | Merck | $77,575 | $37.30 | |
| 6 | Capgemini | $74,835 | $35.98 | |
| 7 | UCSF Benioff Children's Hospital | $72,429 | $34.82 | |
| 8 | Mount Auburn Hospital | $72,298 | $34.76 | |
| 9 | Mount Sinai Health System | $71,492 | $34.37 | 291 |
| 10 | BronxCare Health System | $69,230 | $33.28 | |
| 11 | University of California | $67,206 | $32.31 | 3 |
| 12 | Cleveland Clinic | $65,367 | $31.43 | 46 |
| 13 | BCforward | $64,223 | $30.88 | |
| 14 | University of Michigan | $63,290 | $30.43 | 31 |
| 15 | Volunteer Lawyers for the Arts | $63,238 | $30.40 | |
| 16 | PSEA | $63,185 | $30.38 | 10 |
| 17 | Lincoln Medical Education | $63,081 | $30.33 | |
| 18 | Medical University of South Carolina | $62,663 | $30.13 | 5 |
| 19 | Bridgewater State University | $61,598 | $29.61 | 8 |
| 20 | S&ME | $61,191 | $29.42 | 3 |
A graduate fellow job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a graduate fellow job description:
There are various strategies that you can use to find the right graduate fellow for your business:
To successfully recruit graduate fellows, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the graduate fellow candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
After that, you can create an onboarding schedule for a new graduate fellow. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
There are different types of costs for hiring graduate fellows. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new graduate fellow employee.
The median annual salary for graduate fellows is $60,507 in the US. However, the cost of graduate fellow hiring can vary a lot depending on location. Additionally, hiring a graduate fellow for contract work or on a per-project basis typically costs between $21 and $39 an hour.