Rising Star
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Rising Star
Has anyone taken STD/parental leave at both Js?
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Personally, the 3rd option sounds most enticing to me. You are currently in a win-win-win situation, but you are at time in your life with fewer obligations so you can afford to take more risk, hence relocation and having the ability to impact an organization at a greater capacity. Although, it's worth noting that SF is actually 10% more expensive than Manhattan according to 2023 data....which for me would be a speeding ticket compared to the nicer weather!
San Francisco is going to be cheaper. The main difference is the fact that you won’t be out socializing as much. You’ll hang out with folks at their apartments so the opportunity to spend 100 bucks on a round of drinks is lower. You’ll find yourself falling asleep earlier too. Lots of pros and cons, but now is the time to move if you’re looking for more money.
I would pick the #3.
First off, I really wanted a fully remote work but despite of #3 being on-site, the salary has increased significantly.
Second, it's a smaller firm where you are able to make a big impact. Anything's possible. In the future, #3 might really work out well thus more salary/maybe a chance for remote work.
Third, if by any chance, something happens that does not suit you well, then you still have gained a high-level experience that will benefit you looking for another job.
You’re (presumably) on the younger side - so would take the jump in title, pay, and responsibilities.
That being said, make sure that the financials of your new employer are solid if it’s a start-up or relies on VC funding.
Rising Star
No kids and never in the plan but fair points!
400K would be my choice in SF. I love the Bay Area though so I’m biased.
There is SO much to do! And the weather is beautiful! Great restaurants wonderful outdoor activities getting around the city is easy as well.
Those are definitely all great options! I think the SF one sounds the most enticing, given the compensation and leadership opportunity, and that position and experience might set you best up for future opportunities!
Rising Star
Definitely. I've never worked remote though and wonder if I'm romantizing it
I think the 200K one is a non-starter. Remote jobs with higher pay exist. No reason to take a step down for remote unless it includes international and that's something you're interested in. As for the other, $400K isn't life changing for SF (whereas it would be in other cities), but you're already on an NYC budget and getting a 43% raise from that. I guess depending on where you're living in the NYC area you could still see significant cost of living increases in the SF area. I'd really investigate that a little and align it with your expectations and lifestyle around the size of your home and amenities in the area. The other thing to really think about is the cultural differences of being in the northeast corridor versus California.
Rising Star
Thank you for the advice!
I personally would never live in SF. Crime is ramped there.
Rising Star
Yeah that's definitely a factor to consider
Would, no doubt, go for #3. But that’s just me chasing the money and gaining management experience. Do what you’re comfortable with and what will make you happy, but you can’t beat the experience you’ll get.
Rising Star
Great perspective thanks for sharing your experience!
What do you do?? what position pays $280k- tell us about these jobs man. I’m in pharma and still far from that
Rising Star
Merck 1, I'm in pharma too and not close to that figure.
Gotta ask, does Merck pays well compare to the big pharma firms ?
Pliz Feel free to DM of you'd like 👍 🦁
Seems like a personal decision to me ;)
How much do you want to be remote full time? How much do you want to be in SF?
Rising Star
SF, would just be for the money and setting up the exec track. The real question I guess is that, good money with full remote, ability to travel etc, or high pay fully in person and really lean into corporate track. I go back and forth. I wonder if I'm drawn to the fantasy of working on a beach vs potentially the reality that gets boring and I missed a really good opportunity. So curious how others would weigh/balance/choose between. Which would you pick and why?
I mean total comp doesn’t mean much in 2023. $300k in nyc ain’t much when your girl is gonna depend on you. After tax, That’s just barely six figs for each person. It’s all about generating passive income. Lotta HENRYs but only a few FATFIRE
If it’s really about money, then marry a high value woman. If you really want to focus on wealth creation, just get life insurance on your parents.
Rising Star
Cool man you're right -- have fun
I’d consider what you’re looking for out of life and what sort of property and materialistic needs you desire. If you can realistically position yourself closer to your ideal setting, outside of work, without a bad commute, I’d say it’s worth it. That’s an incredible salary. The work/capital needed to reach your ideal home environment is an important factor as it could be the difference between retiring when desired or having to work longer. It’s healthy to diversify revenue streams as well to better align with your interests and passions/fulfillment, ideally one that can bring you closer to your ultimate ‘dream job’. Although in this destroyed and cratered American professional reality, side jobs are becoming increasingly impossible given time and squeezing by companies, late night pressing emails etc. imho, producing media in a media hungry upper echelon of earners, a burgeoning field, publicizing your steps toward your ideal has proven to be very profitable and rewarding for some. I would say assess your needs and desires and once you can ensure your elemental bases are covered, let passions play into the equation as well as outlook and forward-positioning for YOUR fulfillment, companies and loyalties to such, aside.
Rising Star
Great factors to consider, thank you!
I’m a nobody but my choice: #2
Live in ny but move before it makes you hard, live in ca but move before it mAkes you soft. Good luck, big differences
Go with Option 2. Work on a C2C basis and take up another engagement on the side. Do this for 2-3 years, make enough money and either set aside fund for retirement or buy properties which will help generate passive income.
If you are comfortable and happy where you are, I would use option three to ask for a raise at your current job. Even if it won’t get you to 400k it could be a nice bump without moving coast to coast and set you up for another role later that aligns better with what you are looking for.
I would take option 3 if you have no kids/spouse holding you back! Go live it up!!
Rising Star
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I would like to point out that downtown SF is disgusting right now due to all the homeless and crime so if you do relocate I would visit some quiet neighborhoods/suburbs first. My friend recently moved there and they have to constantly be on the look out as they’ve had some few run ins with riff raff. He relocated for a super well paying job in finance and live in a beautiful building and they walk outside and have to deal with nonsense.
It doesn’t seem to be getting better anytime soon either.
Very different options, depends on what your life goals are:
1. seem like coasting for great pay
2. seems like a retirement gig
3. seems like a startup
The question I would ask myself if I was in your shoes is, what is the important thing to you? work life balance? money? career growth? stability? Happiness?
Depending on your answer the choices will become fairly obvious.
A lot of folks will pick 3 for obvious reasons, but going from 280 to 400k wont affect your life style at all
I would relocate to SF for 400K, but be warned as a New Yorker you'll get bored fast, but in that case just cry into your wads of cash.
I’d stay. SF is a dying town