I have got an offer letter from Morgan Stanley for the QA role in regulatory reporting. Currently I am in a BA role with 7 yrs experience. In MS they are giving a good hike (45%) plus joining bonus. Not sure at this stage should i switch from BA to QA role.

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Not a good idea to switch from BA to QA. Your growth in future will be impacted. However for hike you can accept the offer and join to start with QA and then later try to get back in BA continuing in same org.

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