Finding it tough to leave after pay bumps
Wondering if any of the more senior analysts / associates have experienced this as they look to leave the industry. Currently a first-year associate having just been promoted as a second-year analyst. I've been pretty determined to leave the industry altogether and move to something outside of high finance. I received a couple of offers for PE but realizing I want to actually build something / work at a company and hopefully have better WLB.
However, with pay bumps over the past year I made ~250k as a 2nd year and I'm expecting to make ~$350k as a first-year associate excluding my A2A bonus. I know that I'm going to have to take a paycut when leaving banking to a non-PE role but as I've been talking to firms I've been really struggling to justify the paycut to myself. A number of roles have been quoted to me as ~$120-$150k all-in.
So, for anyone who has made the jump to corporate when you're a little more senior and/or have looked at some of these roles - how did you justify taking the paycut? Is it just a function of the new banking salaries skewing everything, or is there something I'm missing here as far as negotiating upwards, perks, etc?