Practice 35 Abbott Laboratories internship questions covering healthcare innovation, R&D, and corporate culture.
Question 34 of 35
Example Answer
Why the Interviewer Asks This Question
How to Answer
What You Need to Know
Community Answers

Kevin Downey has an extensive background in business management, recruiting, branding and marketing. He's volunteered his career coaching services at job fairs, lecturing on interview techniques and crafting winning resumes and cover letters.
"To answer that effectively, I'd like to know how frequently pay increases occur. I'm curious about how the pay structure works - salary or hourly. Also, to come up with a fair number, I'd like to understand what other benefits are offered with the position, primarily health insurance, as well as any incentives, bonuses, or other perks. At my last job, I earned a base salary of 45,000 per year, plus a potential 20% annual bonus. Last year, my earnings were 52,000. I didn't receive any health business and had an out-of-pocket premium of 260 a month with a 6000 deductible."

Kevin Downey has an extensive background in business management, recruiting, branding and marketing. He's volunteered his career coaching services at job fairs, lecturing on interview techniques and crafting winning resumes and cover letters.
This tests how realistic your expectations are. A person familiar with the industry will be able to guestimate a realistic metric. Such a metric should be based on the duration and the level of experience a candidate contrasted with the industry-standard pay rate such a position offers. An employer's market versus a job seekers' market can likewise influence your number. How well you've performed in the interview so far and your self-awareness in this regard are likewise components to consider.

Kevin Downey has an extensive background in business management, recruiting, branding and marketing. He's volunteered his career coaching services at job fairs, lecturing on interview techniques and crafting winning resumes and cover letters.
If you want the job, don't be too eager to accept a low offer. Likewise, don't throw out an unrealistically high number either. Doing so could be viewed as disrespectful of the time and energy the company has spent interviewing you.

Kevin Downey has an extensive background in business management, recruiting, branding and marketing. He's volunteered his career coaching services at job fairs, lecturing on interview techniques and crafting winning resumes and cover letters.
It's never a good idea for the person being interviewed to bring up pay too early on, but once the interviewer addresses it, it's fair game. Good questions to ask when quantifying your number are how frequently pay increases occur and how pay structure works. You can also ask what other benefits are offered with the position. Health benefits cost an employer money and should be considered when coming up with your number, as well as any incentives, bonuses, or other perks they might offer.

Interview Coach
Jaymie
A real coach, not AI. I read every answer myself and write back with personalized feedback.
Typically responds within 24 hours.
0 - Character Count
Prepare for behavioral and technical questions Abbott recruiters use to select interns.
Get StartedJump to Question

Written by Kevin Downey
35 Questions & Answers • Abbott Laboratories

By Kevin

By Kevin