#CareerDilemma #JobOffer #StayOrGo
Hey everyone! 🌟 So, I’ve got a tough decision to make and could really use some input from you all. Here’s the scoop:
I’m a 29-year-old guy currently working a sweet gig in overseeing acquisitions for a major private homebuilder in the southeast. My current salary is $143k base + 20% bonus, and I’m absolutely loving the job, my team, and the insane flexibility I have.
BUT, I’ve been offered a new position at another homebuilder with a base salary of $185k + potential performance bonuses ranging from 30-60k. It’s a substantial pay increase, but I’m worried about losing the flexibility and the amazing team I have now.
Here are some key points to consider:
– Love my current job, team, and boss
– Crazy amount of flexibility, only in the office a few times a week
– New role would be for a smaller homebuilder focusing on 55+ communities
– Potential to earn more money, but might not enjoy the new team as much
So, what do you think I should do? Should I take the new job with the higher salary or stay put and enjoy the perks of my current role? Share your thoughts and help a guy out! 🤔💼
PS: Personally, I suggest exploring the possibility of negotiating with your current employer for an increased salary or revised bonus structure to see if they can match or come close to the offer from the new job. It’s worth a shot! Good luck! 🍀
How does the additional money increase your quality of life? I’m at about 110 but fully remote and work maybe 20-25 hours a week. It would take 40-50k minimum for me to put a suit back on and go into an office but anything less and I’ll just be annoyed.
Do you get a new house, earlier retirement, better college funds for the kids or anything from the raise?
50k difference for probably 20 hours more of doing work, by that I mean forced to be in office doing nothing when you could be enjoying life. I wouldn’t take it, esp because ur bonus structure is being redefined to make that difference less.
Also I would assume that it’s not like this job opportunity will go away, like I would assume you can get a similar offer in 3 months if you felt regret considering how you are doing currently.
This might be a case of telling your boss about your new offer.
I’m curious how you even find a role like what you have now. I’ve been in brokerage operations for awhile now and I don’t get the work like balance nor the salary I’ve been looking for.
Please stay at your current job king. Maybe start a side business or something if you want to work more lol
Here’s my 2 cents since I personally had a huge jump in my salary around your range as well.
Make sure that jump meets ALL of your criteria. Yes it’s nice to have a +20% increase to your base but what’s the cost? If it comes to a cost that I would regret, it’s not worth the increase. My criteria were 1) a boss who can not only teach me but is very understanding and flexible that I have a life after work, 2) work schedule is in line with how much I want to work even during busy season and 3) the new role not only is teaching me new skills but will give me an edge for new external opportunities. In short, I took that jump because it met all of my criteria. 1 year later and no regrets.
Best of both worlds if you can delicately tell your boss about the offer and see if they can sweeten your current salary at the exact same attributes of flexibility etc.
keep current job
I personally would stay.
I switched from a boutique IB up market during the hiring cycle of 2022 and my pay went from ~200k TC (bonus / performance dependent with ~50% of bonus guaranteed) to 235-280 TC with bonus comp variable from 40-100k+. I moved to a city I wanted to be in and away from one that I didn’t care for.
After 2 years, I’m certain that I made the wrong choice. Had I stayed with my other employer, I’d work 15-20 hours less per week, have some flexibility on working more remote days / weeks + have more responsibilities I enjoy and a team I at least knew the weaknesses and strengths of. Now at my current job, culture is worse, role is defined, people don’t allow for a considerable amount of flexibility.
I made the change and instead of being able to save money for either early retirement at 50k, I can save ~ 25-30k more a year with increase in COL but som much less travel / enjoyability.
Stay. You’ll lose the WLB and flexibility at the new job plus you’ll likely work more. Sounds like your current job actually values their employees and your boss has invested in you so there could be a promotion down the line as well.
A wise man once said: “Don’t try to get happier than happy.”
try to get boss to match new offer. if the teams as good as you say you should be able to stay and get a bump.
otherwise i’d leave. 50k a year more to work a little more while on the right side of 30 is a no brainer. wlb only matters if you have the life you want.
If you really like where you’re at stay. The grass is not always greener on the other side. Sounds like the organization is taking really good care of you.
Stay bro. Flexibility is major!
Take the job mehn ffs what the hell you need flexibility for .. we need money
Grass isn’t greener my friend…
I’d stay and begin a conversation about moving up to the next level.
Maybe float the notion that you have seen higher paying roles in the same industry. Then stress how much you love being at your current company, and how much you love the role, but you want to earn market rate.
People are rational. If you approach the topic professionally, odds are you can stay and get a pay bump.
I’ll say that finding a company with good WLB is rare. I’d hang onto that for as long as I could.
The quick and short response is stay we’re you’re at. Sounds like before you know it in a matter of years you’ll probably be at pay level with a better bonus structure. Water your grass and it’ll grow. Not always greener on the other side