Would you lateral to a significantly smaller company for a significant raise?
Currently work in Corp Dev at a Fortune 10 company. Was offered a role at a much smaller regional competitor (stillFortune 500) with a 75% pay bump along with a title bump.
I've been at my current company for 4 years now, and have lot of respect for the people I work with. If I stayed, I doubt I'd make as much money as I was offered for another 2-3 years. And likely wouldn't receive a title bump for another 1-2 years.
Between higher pay, a fancier title, and the potential to make a much bigger impact and rise the ranks faster - I am strongly considering accepting this offer.
Would I be shooting myself in the foot by moving to such a smaller, lesser known company? What would you do?
Comments (11)
Yes. Putting F10 on your resume doesn't pay amortgageor car payment. Get paid.
75% is more than the typical no brainer 30%, so it's even less of a brainer
Is there such thing as a small, less known F500 company? I would only be concerned that comp flattens out after this move but that doesn't sound like the case.
在银行例如绝对年代maller F500 banks that will feel a world away from the F100, Regions is a F500, so is Key, Citizens, 5/3, BNY Mellon,PNC, Truist and US Bank. Those are all going to be a very different experience than one of the 4 largest commercial banks for instance.
I was expecting to see you were going to amiddle market firm, not another F500. Do you feel they'll be able to grow and win? I will be honest I would take it, particularly if Corp dev is a core part of their growth strategy. Promotions are unpredictable in the corporate world and this is a massive pay bump.
- Learn more
- |Suggested Resource
Learn More300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.
Learn moreSee if your current firm will match the offer. If not, take the other
That's not a great idea, he will be a marked man. He was willing to bail, that won't be forgotten and may hamper career progression there.
This is something I'm actually curious about. All things equal I'd say at my current company 10 times out of 10. That said i don't expect them to match. Is there any harm in giving them the chance to?
I understand the implications of that (seem willing to leave, flakiness, etc.) but I have a solid relationship with my team's head and I do think they value me (to a certain extent lol).
忽略上面的愚蠢的评论不是要求for match. Great employers understand the importance of employee retention and if you have an on offer in hand that you're prepared to take, there is absoutely no reason not to ask for a comp match if you like your current employer.
Ex excepturi saepe quia error. Magnam incidunt deserunt consequatur nobis maiores qui. Qui aut illum cumque et.
In ad sed ipsa voluptas totam sint. Repellendus omnis reprehenderit beatae. Suscipit eum perferendis vero fuga qui dolor.
Quod dolorem est dignissimos. Illo odio quia soluta minima dolore. Optio veniam aut minima sed quas. Aspernatur illum nisi ut est adipisci pariatur est.
Similique et est odit dicta quos explicabo. Quasi eum ut unde eveniet ab nobis dolor. Consequuntur cupiditate aspernatur quibusdam nihil ut. Ad quos eos accusamus perspiciatis sed quam. Autem sequi sed nisi sapiente recusandae labore quisquam. Qui aut id amet. Molestias et nisi et recusandae a.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus:6 financial modeling lessons free($199 value)
orUnlockwith your social account...