Considering 2 industry job offers - #1 is a mid-size software company, $70k + $5k signing bonus. #2 is a mid-size fintech company, $83k. I've been wanting to work for #1 and I like the industry and people better, but am having trouble looking past the pay. For context, I'm a senior 1 making $73k base. Both roles are standard GL accountant roles, and benefits are similar. Would you take a pay cut for a company you wanted to work for?

likehelpful
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Had a similar situation and just presented the facts to company 1. Said listen, I’m rooting for you guys being the company that comes out on top here, but I just can’t accept 14% less for realistically probably less work. They said they couldn’t come up to what company #2 was offering but post covid would try and make it worth my while. I pushed back on that saying I won’t accept future promises anymore after being dicked by Big 4 for years, and they ended up splitting the difference and the offer i took ended up ~7% lower than company #2 AND with improved terms for the stock options

likesmarthelpful

Did you try negotiating salary already? If not, definitely do and see if they can come up to match salary of the other. For what it’s worth, I took a pretty massive pay-cut to take my dream job at one of my dream companies (sports industry) vs. biotech previously and it’s been 100% worth it. Being excited and passionate about what you’re doing and who you’re working for makes the money not matter as much.

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You’re gonna be doing the same work at both. I’d take the cash

likeupliftingsmartfunny

I wouldn't leave public for similar pay in industry. Is the job market really that bad right now? 😬

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M2 I agree, but if OP wasn't concerned about money why would they ask this question?

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Take #2 for a year or two, try to lateral to #1 using #2 salary as starting point

likesmarthelpful

I have always said I would rather make less money ( within reason) and enjoy my job and the people I work with, then make more money and hate going in everyday. Just my opinion.

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Negotiate up by $10k for #1

likesmart

I care a lot about the company and the people. Figure I’ll be happier in the end. Also figure you like #1 for reasons that will pay off professionally - you liking the company=>you’ll be happier working =>you’ll be more productive=>you’ll learn more=>you’ll set yourself up better for the next gig. I vote #1.

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Pick the position that you fit better with. Money is not everything.

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What’s the upward progression for #1? If you think you’d be happier at #1, I don’t think 2 pays that much better in the grande scheme of things.

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I’d lean towards #1. Sounds like it’s a better fit overall

likesmart

Take the moula

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likefunny

Isn’t jumping to industry for like a 20% pay bump why we’re all doing public accounting in the first place? Lol

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Keep ya head up king, i jumped for 50%

likeuplifting

Whats the work life balance like? I usually factor that as well.

likesmart

It seems better at company #1

What do you feel is best for your career trajectory? I would try to link more long term (5-10 years out).

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Have you tried negotiating with the first?

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Can they retitle the position and move you into the next salary band ?

This monetary difference is negligible. Don’t make the decision based on money.

likefunny

What market are you in? I’m a senior 1 making $58k base

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I mean obviously Covid impacted our raises, but I’m in the NW in a fairly low cost of living major city. But yeah, 58k is disappointing.

Doesn’t sound like the right time to leave. Keep grinding. Leave when you can make $120k and above

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Since the pay is close, go with what you will enjoy! You can't put a price tag on happiness. If you make a million dollars a year and are miserable, is it really worth it?

likeuplifting

Agree 100%. I took a small pay cut to come to the firm I'm at now. Best decision I ever made. I'm the happiest I've ever been in my career. Don't underestimate what how much more you will enjoy your life when you are happy with where you spend the bulk of your day.

likeuplifting

What year are you ? And do you have cpa?

likesmart

Senior 1, and yes I have my CPA

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Author, do you how are the annual raises for both? Usually the raises are shitty which means you will need to work for 7 to 10 years at #1 before making to what #2 is offering. I know money is not everything but I would not move to a company where I have to work another 2 years before making the same amount I am making today.

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