How much of a premium do you guys put on hidden compensation like health and retirement? I’m currently at a mid-market firm making about $115k base, but I just got an offer from a boutique shop for $150k. The catch is that the benefits package at the new place is absolutely abysmal, with no 401k match and high-deductible health insurance. My current firm has incredible perks and a very stable culture. I’m trying to calculate if the raw cash increase covers the loss of those long-term benefits.

like
Posting as :
works at
You are currently posting as works at

Strong benefits usually worth around $30k. If you’re young with no dependents, it may be fine. Career advancement opportunities is probably the most important factor for you to consider

like

Strong benefits attract and retain top talent and are very important for quality of life.

like

The 401k match is free money to you, whether that is income now or later (with assumed growth over time). To me that is very important. When I was single and younger I rarely went to the doctor because I was overall healthy. Eventually as I’ve gotten older I’m seeing the benefits of a good health plan, it causes less stress in your life which can actually benefit your health! As long as you’re meeting your financial goals with the base you are currently getting, I would say benefits are important to your long-term success. You also have to weigh how long you plan to stay where you currently are, how long would you stay at the new company, and realize the grass isn’t always greener at a different place. You generally trade one set of problems or pain points for another set. Best of luck to you!

like

I would prefer the strong benefits

Is there anything else to consider with the pay package of the boutique shop? Equity? Any indication of what the bonus would be? What’s the bonus at your current job?

Related Posts

I know this is small dollars, but my firm only pays $25 per months for my cell phone. We all work remotely, so using cell a lot. Is it silly for me to push for full reimbursement? Is that pretty standard?

like

Industry vets - in your experience how recession proof is insurance? I was not yet in the job market last recession but I watched my mom get laid off and struggle to find employment during that time for the next 1.5 years. I was wanting to hit the job market towards the end of this year, but now I worry that if I do move companies, the recession could put me in position of last one hired first one fired. Is it better to stay put?

like

Hi Guys, I am 5.5 years Java Developer and I have offer from JPMorgan Chase and Walmart .

Jpmc: 50% on current fixed + jpmc benefits Walmrat: 50% on current fixed + yearly bonus + stocks.

Please help me choose which will be better, mainly looking for brand value, work life balance and yearly hikes.

like

How's HSBC in Coforge?
For 6+ yoe, mainframe developer
Hyderabad

Work culture, Job security, Bench policies?

like
like

Amex offer-Manager-Risk Management.

Base: 30.5 LPA CTC: 36.5 LPA Experience: 5.2 yrs College: Tier 1
Current Profile: Senior Data Scientist

Amex people thoughts on this offer, as I have recently(4 months back) joined a startup with Base(33) and CTC(35.5) but not enjoying the work here. Amex brand tag and culture is good.

Hence, considering the offer, does this offer look good or is there any scope of improvement? Amex American Express

like

Anyone know where/how to go about getting L/VL/VA CE credits form insurance carriers? Anyone have some specifics?

like

Hey Guys, Hope you all are doing great. Can someone let me know about the work culture, is Saturday working, are there any shifts and benefits of HSBC Electronic data processing india, ecospace, Bangalore?

Hi all,
Looking for a career change, I’ve experience in project management, oncology, health promotion, engagement, inclusion and diversity and hoping to work for a pharma. Happy to relocate and would love some guidance and referral please 🙏🏾

like

need review on Work life balance and work culture at Bank of America Global Banking and Markets FP&A Projects team, Gurgaon.

Please reply. I need to make a decision.

like

Just how bad would it be to quit without a two week notice? I’ve been bait & switched into a horrible role, overworked to the point of having medical problems, and no amount of diplomatic talks with my manager has improved the day to day. My mental health and my personal relationships have been on a steady decline.

I don’t have another job lined up yet. But I’m danger close to quitting and taking my chances with freelance. Could it be worth it?

like

How is CGI work culture and Banglore office?

In house insurance defense comp. What’s the highest paid and lowest paid companies? Which companies give bonuses? Please provide yoe and salary.

like

I have recently received an offer from Morgan stanley for bangalore location.
I wanted to know the following :
1. Work culture
2. Work life balance
3. On site opportunities
4. Salary hikes

TIA 😊

like

Hi-I have 120K in cash in HYSA. After keeping emergency fund aside. Still have 75-80K available that I plan to invest. After 401k, HSA, IRA and monthly expenses: we are left with 6K every month. So investing 12K every month in market. My worry is with that rate - it will take us 12-14 months to move the extra 75-80K mentioned above. However do not want to make a bulk move. Any advise how to plan the switch. At present have 60K invested in stocks. Thanks

like

Which are the top consulting firms in the region after MBBK , heard strategy& has a really bad culture so exclude that too?

like

Interview with Deloitte for Healthcare Ops transformation Senior Consultant. Wanted to know what salary range i should expect. Candidate with post 6 years of experience with Top 20 MBA degree. Currently at a competitor.

like

Does anyone know what McKinsey offers in terms of tuition reimbursement to non consulting staff?

like

SVP group client partner in NYC, Health agency. What do I ask for?

like

I have a client who needs a 401k, or a solo retirement account w loan options. When I was at UBS/Ameriprise, it was no issue but now it seems tougher to find a firm that does solo 401k as a RIA's.

likehelpful

More Posts

Did anyone else get a ridiculous rent increase this year?

like

Help me to get a job as a 3D Artist

like

Any recommendations (or watch outs) for au pair agencies? CT/NY area if it matters. TIA!

like

Is it ok to reach out to a recruiter via email on a previous job position thread in regards to a new/higher role that more matches what you are looking for now?

likehelpful

Looking for job change ,having 5+ years of experience in Internal audit and risk, base location is gurgaon, willing to join immediately. Any recommendations??

like

I currently work as a optician, referral coordinator and optometry technician. Busting my butt off wearing all 3 hats and I get paid $20 an hour… I don’t think this is a fare wage considering I’m doing the job of 3 people. I want to negotiate a higher wage any tips of what I should ask for?

like

What is the expected salary for a Director of Platform Strat position at MasterCard based out of NY?

like

🚀BNY current attrition rate is lower than the industry average and the rate of BNY ‘returnees’ [employees who return after shifting jobs] has also been encouraging.

Is this true? If yes, Anyone knows reason behind it ?

like

What is your definition of “underwater”? As in number of hours

like

EY Hiring alert

Post Photo

I have got an offer from juniper for notice period of 2 months but my company notice period is 3 months. Initially HR confirmed via mail that revised offer letter will be shared post confirming doj. But now after 1 month juniper HR is not picking call/not responding to emails.
Can they revoke the offer?

like

Looking for new team members! @covelle_company Boston Real Estate Team.

like

Hello everyone do you mind getting $100 just for 2 days part time fast job. Of 1 hour daily and 2/3 hours for those 2 days. Only just to assist me with a little residential property listing on Zillow and Avail.

like

My home had some water damage last year (water heater was leaking), so I had to do some repairs and took care of most of the work myself. If I refi, will my home have to pass an inspection?

like

Hey Folks,

Help me to unlock DM!

Thanks.

like

Has anyone recently attended a TCS Data science interview?

like
like
like

Our firm is hiring for ITS director, ITS manager and ITS senior. If any one is interested happy to connect you with the recruiting team.

like

Hello All,
What options are in Aviation Consulting for someone non:
-software
-finance
-manfufacturing
-military

My personal background
-BS Aeronautics & MS Safety Science
-3yr airline safety
-10yr airports (gov't), 7yr mgmt nonhub commercial service airport: annual 550k pax & 2mil FAA airport capital improvement grants
-2yr mgmt major tourism resort (airport was attached; included hotel, facilities, rafting): 350 staff, annual 1mil guest & 45mil budget
-1yr self-employed consultant

Thank you!

Additional Posts in Salaries in Finance

Curious what’s a fair salary in MA? Was just told that there is likely not going to be a chance for a raise during my upcoming performance review due to my salary already being “above average for the industry” based on my employer’s questionable research. I’ve been with the company 8.5 years & am the only one in my role, which they can’t operate without. I execute tasks from two investment advisors and two financial planners - they make the decisions of what should happen & I make it happen.

like

User experience mgr salary? I support six product teams and eight reports. 20+ years experience

Does anybody know what the typical salary range is and total comp for someone starting out as an internal or external wholesaler? If you are one of these, can you share about your experience in terms of whether you liked it or not, work life balance, travel, etc?

like

Currently a Wealth Advisor for Citi but I honestly hate it here with a passion it’s the worst company I’ve ever worked for in my life and I’ve been in Wealth Management in the banking channel for over a decade. Series 7, Series 63, Life, CFP, ChFC, and soon to have my MBA with a focus in Mergers & Acquisitions. I’m look to enter another area of Finance at this point instead of starting over somewhere else from scratch, but not sure what direction to go. Interested in Investment Banking or M&A.

I have an offer and want to negotiate

1. London base salary but I have to absorb all the expenses (train + stay)
I am thinking to negotiate to

2. home base salary and have my expenses paid for

I know that's depends on the amount I have to travel (and potentially stay) but at the moment this is unknown. Past 8 months was just twice a month + 2 nights stay.

The only thing I know is it won't be every week, the return trian ticket is about £80-100, depends I could plan ahead.

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal