Looking for some sincere wisdom and advice on an exit opp. I have a Corp strategy offer but comp is significantly lower than current ($50K lower base and same bonus). I know it’s a good step forward in terms of career but just can’t seem to swallow the pill of a huge paycut. It also feels like a double whammy with $50K in childcare costs. Anyone been in a similar situation? How does it feel on the other end? Thank you! 🙏🏽

likefunny
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One does the job to earn money so that they can take care of their family. People are doing multiple jobs just to earn enough to support their family, Even if they don’t like the jobs. In my opinion, $50K cut is a big number. I wouldn’t advise you to take that offer. But, go with your inner instincts. No decision is wrong as long as you made that decision after careful consideration.

likesmart

I had a similar decision to make although the pay cut was smaller (but was still a pay cut). In the end I went for it.
I realised that I was truly done with consulting and if I didn't take it I would spend the rest of my time in my current job lamenting what could have been

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Most people who have left my company (BCG) recently told me they did indeed take a pay cut when they moved to industry. But this is in a smaller US city which doubtless matters. And yeah…. Childcare cost is no joke

smarthelpful

Yeah, you've just gotta pass on that offer unless there's some other benefit (WLB, location, travel) that money can't buy.

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🤷🏾‍♂️ I have a cush corporate strategy job - some weeks are 50 hrs, most are closer to 35 hrs. You've gotta set your boundaries and add your value around them. That doesn't sound like a change that's worth that pay cut imo.

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Maybe this has already been done (but not mentioned), but have you asked them to match?

Update: I took the job and will be staring next week. I decided that I would gain much more over the next 2 years in the new role than at my current firm doing the same thing

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