Hi, I have a few job offers I'm entertaining, but I've narrowed it down to 2 and I'm having a difficult time deciding so would love perspectives.

New employer: salary $750K, potential bonus $800k. The bonus is performance dependent and is majority based off the entire company's effort, less individual effort. The last 3 years the bonus has been closer to $140k, but it's been much higher in the past. The pay is obviously tilted towards stability and I would not expect... Continued in comments

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there to be much meaningful growth, if any, in total comp upside any time soon. Work life balance they profess to be good and weekends are protected.

Current employer: They are rebidding me in hopes of me staying. Current base is $300k, bonus they are offering is $800k. They will not promote me now, and will not guarantee I will receive one, but I'm told I'm at the top of my group's list to be submitted for this year. If I do in fact get promoted, I would assume my salary moves to $400k. Bonus is based on subjective individual effort and they could easily cut my total comp in future years. One manager told me comp tends to stay +/- 10% year over year. That probably feels right, but I've seen it take larger hits, down 17-18%. Even down 20%, that would put my all-in comp in line with the new job on bad years.

The main difference is the work life balance is stupid, think 16-18 hours a day and 5 to 7 days a week, indefinitely. And this pace likely will not let up for years to come. But there is the potential to keep growing total comp. Next step function would be closer to $1.5m, then $2m, and $5m. It would take years to get there, but there's at least a path to keep growing. I have a great relationship with my manager and team, and generally have built up a good reputation already.

Sorry for the tldr, but I'd really love to know what others' perspectives are.

Wow, mind sharing what industry you work in?

Finance

My partner is trying to break into the data analysis field, do you have any tips on how to get your foot in the door?

Stick with current employer if you believe that the business will keep growing. If it’s in a tailspin then you should jump ship. Money talks and they are going to pay you more than you would potentially make at new employer in year one.

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