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I’d definitely take #2 for that much money difference. Once the Sr. Director title is in your resume you can find a similar level role in analytics
I disagree. It’s like you cannot move from an IT MD to IB MD. They are two distinct roles
Do what you love. 50k difference after tax is like 30k. Commute is about 500 hr (2 hours each day, 10 hrs a week, 50 week), so the commute is about $60 an hour. So the question boils down to… is $60 worth giving up what you love to do now ?
This. You couldn’t pay me to go back to what I didn’t enjoy doing. Not $100k more not $50k more, and I’ve gotten those offers and turned them down. Stick w what you’re excited about and in a few years the money will come.
Any chances to move closer to job #2?
@portfolio manager how did your quality of life increase?
Do they reimburse any of your miles or could you negotiate that in? I personally would take the higher paid amount position and get some experience behind that. Then, find a job similar to what you prefer (analytics). “Money isn’t everything, but it’s a lot”
Once you lock into accounting tech, that’s a very operational/IT project management role. Yes, you may get more money upfront, but analytical skillset may fetch him bigger fish in the long run. Less commute time, if leveraged properly, will make you scalable in other aspects in your life. Eyes on the prize.
So there are a 100k different now? Do they have it in writing that you will be promoted to vp in 2.5 months?
How many years of experience?
Is 150k the base? If you add bonus to JPMC role would it get closer to the 200k for the f100 insurance company?
Could possibly compare TC instead of base then
No brainer, 50-70k difference is worth a 40 minute commute which I don’t think is that bad either
I think as a first year analyst, I can understand why you look at it that way. But as you progress in rank, you have to look at a bigger picture. Tax is more with higher income, so the pay per hour better be worth it. I also assume that his investment portfolio should be around 1mm a year, so 50-70k cap gain with long term cap gain tax of 15% is doable and better than getting taxed at 40-60%. You need to work smart, not hard. Commuting without reimbursement for gas and car depreciation, that’s a huge no no. And so thar $60 an hour that I gave was only a conservative estimate; in reality, it could be just $45 to 50. And if you have a family and loved one, 10 hours a week is precious.
Do what you like and passionate about - seems ri be analytics. Try to get #1 to come close to #2
I had a similar trajectory, from fund accounting to credit analyst and now back in a more senior role in fund accounting at 250k. At the senior level you can definitely shape the analytic component of your team.
SA, which did you choose?