2 Job Offers to Decide

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  • #199295
    Anonymous
    Inactive

    I have been thinking about this for a couple days now and would like some inputs from you guys. I was recently offered a promotion at my current company and at the same time I also have another job offer waiting. Currently, I’m leaning toward the new job as a Financial Analyst because of the learning opportunities and stability. What do you guys think?

    Senior Financial Analyst (Promotion)

    – Company Size: $60-$80 Million in Revenue

    – Compensation: $76-$80K (12%-17% Raise)

    – Duties: FP&A, Budgeting, Forecasting, Reporting, More exposure to the leadership team.

    Why I am interested in this position: This position will show progression on my resume. I was offer this promotion after 1 year as a financial analyst at this company. I could also ask for higher salary.

    Why I should leave: Not the most stable company with high turnover. Anyone could be out the door if things went south.

    Financial Analyst (lateral move with modest bump in pay)

    – Company Size: Fortune 500 – Working in the HQ

    – Compensation: $70-$74K (3%-8% raise)

    – Duties: Blend of accounting and finance, some exposure to SEC reporting, admin of budgeting tools, required strong technical skills with VBA and SQL. Basically, this is more of accounting and finance support.

    Why I am interested in this position: This is a big company with more learning and networking opportunities. The company is obviously more stable. From looking through LinkedIn, people do get promoted and moved up after a few years.

    Why I should not take this job: I could get stuck in this position.

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  • #753377
    fuzyfro89
    Participant

    Few thoughts:
    1) You could very likely get a few thousand more in the (new) job and either fully or almost close the gap in compensation. Even if the new company does not increase your offer, it's too small a difference to matter. Do what's best for your medium term career.

    2) Forget about titles. “analyst” and “senior analyst” means nothing unless you are trying to leave the company, and even then isn't your compensation and responsibility all that matters? If a company offered me a “financial analyst” job, but it was a 20% raise, would I take another job as a “senior financial analyst” even if it was only a 5% raise? Of course not. Seniority is not determined by titles, it's evaluated based on responsibilities.

    3) You mentioned two things (learning opps and stability) as reasons for the new job. Personally, I think growth could be very limited at a company with <$100 million in recurring revenues (unless it's a high growth company or startup which is looking to grow very quickly).

    4) Given most other items are similar, take the job which you think will help your career in a 2-3 year time frame (not because you should intend to leave that soon, but because this is a time frame that is relatively possible to imagine your career progression). I don't know which company will do that, because I don't know the details of either company, but you should try to judge this and then make an educated decision. Presumably you are looking outside because you are dissatisfied with something at your current company, though you'll have to determine if that's the case.

    #753378
    Anonymous
    Inactive

    Thank you for the advice.

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