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Leaving for close to 6 figures seems a bit premature unless the role is exactly what you're looking for. From a salary perspective I would ensure you're taking to account expected pay after your promo and not the status quo. Additionally you should make sure that the upward mobility is comparable to your current position or they would need to pay to make up for it in initial salary. I'm also considering a move but after 2.5 years with ACN
If you like the industry, focus on it. Companies pay for expertise, not generalists.
If you can do it, you'll learn more and get more responsibility in industry. Typically the talent is less so you will get more opportunities. You would get to work with MBB, Big 4, and tech shops.
You canalways boomerang and if you want to pivot, get an MBA. Ask if where you are going will pay for a masters too which could give you the degree with far less debt.
I thought signing bonus was only 1 year? At least mine was.
Make sure you aren't pushing yourself in a dead end role
Follow up question: are you really leaving to do PMO long term because of the dollars?
PM = dead end. You'll be a PM making the roughly same salary when you're 45.
1.5 years out of undergrad. Been with ey ever since in their ACP program. Pretty sure I'll have to pay back a portion of the signing bonus if I leave before the 2 year mark
Listen. Don't chase the money!!!! Evaluate everything else about the position. Is there room for career growth? What is the company atmosphere like? Do you want to do PM long term? It sounds like you are pretty young in your career. Find something you enjoy doing and makes you happy and then the money will follow... Think long term not short term!!! This is coming from someone who left as an S1 for 6 figs at a large company and boomeranged back.
You don't have to stay a PM though - people are looking at this thru a very narrow lens and I don't know why.
A lot of companies also have their own internal PM/consultancies - in the company, and thats getting more common.
If you PM a systems project, you can end up owning the system withinin the IT group.
If construction, you could get a site lead or engineering role.
If its a new product launch, there are proct mgmt opportunities.
There are just a lot of avenues beyond PM alone because you can use it to develop skills and knowledge across the board.
Real question is: Do you have the xperience to be a good and successful PM yet?
I think I'd need to be a senior 2 or 3 for EY to match this salary. The move is purely for the money right now but it's also a bump up in title
It's PM for a leading healthcare/pharma. Leaning towards leaving now but concerned about the long term implications I may not be seeing or know about
Is healthcare / pharma the industry you want to be in long term? Have you explored a variety of areas to try and find something to build a skill set or niche in?
Compare expected pay after 6 years at both firms and compare contrast possible roles and salaries.
Yeah go for it. EY is slowly capping pay for staff to Senior pay. I am in the same boat with looking for opportunity. You might make 6 figures as s3 only if you are 5 throughout. Take the job you always come back.
@ EY2. Yeah I'm leaning heavily on leaving. To reach 6 figures by S3 I'd need 10% each year
How many years is typical to make S3 at EY?
5 years typically
Sounds like a pretty tight pigeonhole you're putting yourself in, if it's a career interest I'd definitely switch but if not, you might have to pursue an MBA just to leave the industry
Damn I have been thinking of making a switch too. PM position sounds like a great deal