Currently working in Valuations at one of the big 4 as a senior associate and was just offered a job in equity research. Caveat is the pay is 13% less than my current pay. Do you think it’s worth it to make the exit?

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Keep looking OP. They will work you way more in equity research, you should get a pay raise.

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Why would you leave for 13% less?

I would have to start at the entry level as my experience won’t transfer over laterally. I was thinking it might be worth it to take the pay cut now for a higher long term salary, but I’m not sure if I would even get paid higher in the long term in equity research.

Depends what you want to do with your life. That’s pretty unusual that you would be being paid less including bonus and you would at big 4. I’m going to assume this is a very small shop?

Look at equity research exits. Investor relations is one exit path. If that’s what you want then make the sacrifice. I would also see if they would match what you are making. Also negotiate vacation. Most places vacation policies are not as generous as accounting firms.

If it’s to get to your dream eventually I don’t think the difference is that bad. I would just really evaluate if this is going to significantly help your long term goals and if you can afford the pay cut

I know people who broke into equity research entry level and it is surprising to me you would have to take a pay cut given the transferable skills.

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