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I have recently joined EY SaT group as senior consultant recently in Netherlands. I’m tripple masters in MS economics, MBA and MS business analytics. Have 4 YOE in different industries but no M&A experience specifically. Any ideas what company should be offering me? I’ll be working as expert on commercial due diligence, FDD and valuation teams and doing automation alongside. is it wise to demand higher salary or promotion soon after I have proven that I can work and do it better than most?EY
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Follow your gut. 99% of the people on this bowl will tell you to follow the money because company’s hate you and could and would drop you any second, and blah, blah, entitlement. And they’re not necessarily wrong.
Just consider one thing:
As much as you know the people you’re working for, you don’t know the people you’ll be working with - immediate peers or key stakeholders - or processes. And they don’t know you. That is harder than many realize. I left a company after 16 years and 2 years later I’m with that company’s distributor where I know a third of the people who have an impact on my life. They know me and trust me. Buuuuut - I don’t know HR, or finance or their systems (and their processes are beyond antiquated) and it is haaaaaaaarrrrrrd. I wouldn’t change my path here, because my previous employer was an absolute dumpster fire and I just wanted out (and my current comp package is ~35% more), but I could still get things done a lot faster and knew exactly who to speak to to get help.
Appreciate you validating my point.
I think it sounds like a great opportunity to move to a senior role with better pay (I wonder if you could negotiate even more than 20k). You don't have to stay at any company forever, but jumping your salary up that much will give you opportunities to keep your salary competitive (and your title) so you can keep moving up.
Thank you for responding! I do plan to negotiate it a bit more, but still haven’t made a decision. I think I’m a bit underpaid now so this bump would be welcomed.
You need to provide more context for more solid guidance but I will say that as long as your current company has a competitive offering and reasonable brand recognition in the AI space, you’re better off staying.
At this stage of your career an extra $20k a year isn’t nearly as important as your longer-term career trajectory - assuming you can pay your bills.
Nothing wrong with health tech, but AI is going to be an incredibly fast growing space over the next 10+ years.
At least until the robots take over. 😬
Thanks for responding! Still thinking! I don’t think that my current company will be able to make the same offer at this time, budget freeze till next year. So if they say “we’ll promote next year”, it doesn’t mean they will.
I agree that AI space is developing and in terms of the industry, my current company is probably more innovative. But who knows, maybe this healthtech company will start launching AI features (😅).
Thank you!
Tough call. Sounds like both have some clear pros and cons. Would also say go with your gut on it, because for every good point at one place there will be a bad point. If anything take into consideration future endeavors, but seems like you also did that. Very rarely is there a clear cut winner in most decisions.
Thank you for taking the time to respond! I haven’t made a decision yet, listening to the gut is tricky lol. One day it’s telling one thing and then another. I don’t think either of these two jobs is a dream job (if it even exists).
Honestly in these types of situations the best thing you can do is a pros and cons list. I would see which job is ultimately going to benefit you the most as far as longevity with the company and career advancement and then I would go with that company. At then end of the day you have to do what benefits you the most.
Which role is more aligned to your long-term career goals? All companies have their problems. Can you leverage one of them into something bigger/better in a few years?
Did you leave your former employer on good terms? If so, list out in as much detail the pros and cons of staying or leaving. If health tech is what you love, then the new offer might be worth it. AI companies are currently facing a dilemma where they’re simultaneously exploding in growth and behind on moral and legal regulations, which might lead some to be wary