Pay for remote work
Hey guys -
Left banking two years ago for a remote Corp dev role. Long story short was burnt out and hates nyc so I spent the last two years working 9-5 and traveling the world. Absolutely LOVED it and had many incredible experiences that I’m going to tell my grandkids one day.
The work itself actually came with a lot of responsibility and I led many deal efforts. That being said the intensity picked up recently and I started to feel the major pay cut I took. It’s silly but sometimes I feel like I didn’t do my banking stint justice if I’m making so little. Luckily my good work was picked up by a large tech company who has offered me a much better comp structure along with a promotion. I’d be making more than all of my associates in IB. The downside - they have a restriction on remote work abroad.
I wanted to ask 1) is it worth it? Lifestyle matters more to me than resume. But I know my worth and want to be compensated for it as I financially plan for the future 2) is there anyway to get around these restrictions? Are they even tracked?
Any advice is helpful.
Based on the most helpful WSO content, here are some insights and advice regarding your situation:
Is it worth it?
Getting Around Remote Work Restrictions:
Additional Advice: - Long-Term Goals: Consider your long-term goals and how this role fits into them. If the tech company offers significant career advancement, it might be worth compromising on the remote work aspect for a few years. - Financial Planning: Better compensation can aid in financial planning and provide more security for future endeavors, including potential travel or lifestyle changes later on.
Ultimately, the decision should align with your personal and professional priorities. If lifestyle is your top priority, you might need to look for roles that offer both good compensation and the flexibility you desire.
Sources: Recruiting: Illegal ways companies are using your demographic data, The Work Always Gets Done, AirTags for All My Friends | The Daily Peel | 7/20/22, Git out the way, What Are Your Thoughts on Rent Control?
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