In a FO position at a global bank. I've been in my current role for about 3 months and I just received an offer (similar role, different city) which pays double what I currently earn. I'm worried how bad it will look if I leave so early into my new job. Is the difference in earnings worth potentially burning bridges over?
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my guess is that if you stay at the new place for over 12-18 mos, tour should be totally fine. I’d asked, you can probably just simply say it was a big pay bump and you’ve been there for a while now. maybe even keep the low paying one off tour resume - the the mo gap is not that bad. others thought
Take the new job and explain to future employers if they ask you which I doubt they will
OP - This is a mercenary business - there is little to no honor. Do you think your bank/managers would cut you if it saved them some amount of money or their jobs? You bet.
If your only concern is "looking bad" then F-that. Note how I am not taking into account geography, taxes, social life, love life, colleagues, work quality, company benefits and lord knows what else... All of that stuff is very important by the way.
In short, all else equal, taking the offer is worth a strong consideration. Not only do you get paid 2x, but remember then when you move to your next job your pay level expectations will be that much higher as well.
Need to explain it? "Hey so I got offered the same job with 2x money and so all else equal, what would you choose?" Would be an easy way to explain it. People getting hurt over all of that, especially in this business means they have an ego or are insecure. Supportive colleagues and bosses should push you to take it.
Good Luck
My colleagues and bosses are definitely supportive and should understand given the substantial difference in pay. Thanks for the reassurance.
As someone who lateraled to IB from a non-IB role after 4 months, I would say go ahead and don't look back.
As mentioned earlier, you will have to be in the new role for at least 12 months and I would say closer to the 18 months floated earlier just to ease away concerns of being noncommittal about a job.
I would say definitely take the new role. However, as stated, you can't leave that role in a short time to have a third role.
So just do your due diligence on the new role. You don't want to switch to a place that is a bad environment. Also ask yourself, why are comparable jobs paying so different. Is the firm you're working at now the bad one, or is the new one bad that they have to pay double market.
At the end of the day, I always say take the cash. As stated, its a mercenary business, firms aren't loyal to employees as they once were.
how did you receive an offer 3 months into a job? were you still interviewing during your first week and thereafter? the timeline doesn’t make sense
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