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Hi fishes,
I am planning a switch so was going through some salary data for a software engineer. My ex-senior manager recommended me a website: Growceed.com which helped me a lot in getting clarification about a lot of things but I am in doubt whether the average salaries of software engineer mentioned on Growceed.com really that much in top MNC companies.
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Do it. I make $100k as a manager at EY and looking to leave as I’m underpaid.
Yea. I’d leave and if you ever come back if I’m a year or more you can command a higher salary.
I am very similar to you (a couple grand higher in base). Considered moving to industry, talked to the higher ups in my office, and ended up getting close to that this year in retention bonuses and raises.
Should also say I had a very similar offer. Manager title at a job I was interested in. Juuuust over six figures gross. Uncle D doesn’t pay bonus until June though so sticking around for that payoff. After this year I deserve it.
It’s hard to know for sure without more details on your location, but what I found is that on cash basis (just base and cash bonus) you’ll see the biggest jump if you leave in first year at each level but by the time you reach an EY promotion year, you’ll likely be at the same if not potentially lower salary in industry due to the lower annual increases there, even if you also earn a promotion in industry. However, if you get equity as part of your comp then that changes the equation
You only make $67k as a senior? I’m a staff and started at $65k I’m not sticking around for that
Nobody is asking the right question:”what do you want to be when you grow up?” The money is incidental right now compared to the answer to the question.
No context without your current salary and market. Do the math. Conservatively maybe you’ll get 5% raises each year at EY
The gap is just so tiny since last year
Are you happy where you are at? What’s the COL?
@senior associate 1 I believe it’s because at a manager level you’d be expecting an even higher salary (say $150k) but yet you have no experience in industry even closing books and using erp systems, so difficult to imagine putting you in a director position. That’s my understanding. However, people do it all the time so you need to find the right employer that appreciates your knowledge and skill set.
If you don’t take it I will
Yeah if you’re offered a 50% pay bump take it
You seem to really be excited about the industry and opportunity. Nothing wrong in jumping on it and then re-evaluate after a year or 2. In terms of money, the salary gaps might outweigh the opportunity to work in the industry and with the CFO.