{ "media_type": "text", "post_content": "Got a verbal offer from a large wealth management firm for $120k with $10k annual bonus (don’t know details about signing bonus yet) in a HCOL city, I’m currently in a MCOL city at $96k. Is it a good idea to take the $24k raise but jump to a more expensive city in a state with much higher taxes or should I stay and hold out for the next opportunity?", "post_id": "60fe0605fbbd9700288b582d", "reply_count": 8, "vote_count": 2, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

Got a verbal offer from a large wealth management firm for $120k with $10k annual bonus (don’t know details about signing bonus yet) in a HCOL city, I’m currently in a MCOL city at $96k. Is it a good idea to take the $24k raise but jump to a more expensive city in a state with much higher taxes or should I stay and hold out for the next opportunity?

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Hold out for something better. I wouldn’t live in HCOL for less than $180k.

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Strategic Business Transformation; niche area given the industry specialization, so get to do 75% strategy, 25% PMO

Wealth management is not a short term play. Do you like the team? Do they have a good book of business that you’ll inherit? How is the pipeline for your advancement? If you are on a client team, you’re going to spend a lot of times with the same people and the same clients. Do you enjoy that type of work? FWIW I love this business model and if you’re on the right team, you should consider it

Gotcha. Seems like a fair offer but it’s not a killer offer. I always look for career progression and how they view that role. Good luck!

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