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Focus on the type of work you want to do, and the money will come. Ive seen so many people leave and end up hating their jobs because they chased money.
If you like the job and the money is more, great - go for it!
Not always M1. Idk about you but a 30% raise to do the same consulting gig really isn’t that big of a deal. If anything, you build an even bigger network
Chief
I’ve been doing this for a long time and my #1 piece of advice i give people is that - the only person who genuinely cares about your career is you. And if you have a spouse/partner, that makes 2. Everyone else isn’t trying to understand how your departure will impact their career.
Run like the wind. Especially if you are actually at EY.
This.
Your partner doesn’t want you to leave and is trying to convince you to stay in a way the firm won’t have to pay for
Rising Star
Partners are so sneaky like that! Once got an offer at +20%, asked partner to match, he said no on the same way, I then proceeded to apologize, worked for the company for one more year and was like wait...
Sorry, wow I’m really bad at explaining. +45k new offer is from the firm I’m applying to. My current employer’s partner asked me to stay citing intangible assets such as connections.
I still have an EY pension due to me
The pension is a promise for tomorrow. I don’t believe EY will exist as it does now in 2050.
I would rather have the money in hand than an IOU.
They’re trying to say a strong network is hard to build which I agree with. It’s tough going to a new job and building a network. I don’t know how to respond to it to continue negotiating.....But I do think unless you’re really BFFs with higher ups or people moving up the ranks quickly I’ve seen people with “strong” networks get completely screwed over when they make a mistake on a project including low salaries raise and bonuses
Agree with SC1 - I left for a similar raise from D and have just as strong a network at my new job within 6 months! Network is important but not as important as the work you do - proving yourself is what really defines your path ahead!
I’m confused, are you saying you went back to your current employer with this counter offer and asked them to match it?
Please google it.
Leave, your partner is too cheap to even meet you part of the way so they gave you some bs..
That shrewd and thrifty attitude is how he made partner
If money is always going to be there and doesn’t matter according to your partner, why isn’t (s)he ready to match your offer?🤷🏻♂️
And btw in what exact ways your current connections are going to help you?
Exactly! Made that mistake once in my career and never again
Leave if they truly want you, they’ll take you back at the higher salary!
While it's a tough to leave a job where you're clearing doing well and are well liked, $45k is a significant jump imo for you not to do it. And that's such a bs excuse - I made connection and grew my network by moving jobs not staying at the same one forever. And the people you met at EY will always be your connections wherever you go unless you do something to burn bridges, as stated above. Congrats OP - that's a nice chunk of change :)
HA! We like to use a term for this, it’s “f$&@ you, pay me”. I left KPMG at 95k and had an offer for 120k. Senior manager tried to get me to stay saying “you’ll easily make that in a couple years” LOL-ed to the bank
He thinks you're a sucker and is trying some cheap words on the off chance that they work on you
You’ll make connections at your new job making 45k more? Lol
Can connections and growth pay your bills? Can it go into your bank account? Getcha money OP
Tell your current partner that you’re a capitalist. Also tell them that you look forward to maintaining great relationships and plan on working together in the future.
Take this as a compliment that they are trying to give you the hard sell to stay. EY isn’t going to match $170k senior salary in this market unless you had a unique critical client situation.
Good luck! Is this your first move?
Rising Star
I think that partner is wrong and got it the other way around. The connections will always be there but the money/offer won’t last forever! Grab the 💰 and move forward! Your connections will grow as you meet new colleagues.
“If a hater tells you money ain’t everything, then he don’t want you to get none”
- Jay Rock
He gave you the speech he’s supposed to give people who ask for a match on a $10-15k bump. $45k is a substantial raise and pulls you 3-4 years ahead of your current comp trajectory. Take it and don’t look back. Congrats.
Tell that to your partner if their client pays same money YoY but gives more connections.
Does EY or any company have objective that their company’s mission is about connections and NOT money. Wall street doesnt count your connections.
EY pays under market for years of experience relative to Deloitte, PWC and Accenture and other than certain units like TAS/Parthenon and a handful of others, it has a reputation of being inconsistent from a quality perspective.
EY has great teams an delivery in pockets but it lacks depth and still hasn’t made the commitment to be a consulting company.
You are likely to get better pay and opportunities to develop outside EY than you are within.
This is a no brainier. Take the money. No network is worth $45k in this business.