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I would take this offer without a second thought, in a heatbeat, etc. Reasons why:
I will add some pros and cons since I think this is a good discussion
My all-in last year was 700k. Granted, most years I did around 400-450k so last year was a bit of an outlier but I killed it.
I took a job six months ago where my new all in will probably be 200-225k. Smaller shop. My hours are now a solid 40-45 hours, where as I was doing 80 before.
I can work remotely and have a decent life now. I'll never go back to in office, I'd rather start my own firm and work from home lol
Yea not sure why you got MS. I'm curious how you down shifted and knew that the new shop would have a much better culture/WLB because that is a trade off I am looking for as well.
My buddy works there and I've coinvested with them on occasion. I was lucky to have first hand experience dealing with them. I went from UMM to MM and probably won't ever go back.
maybe the monkey shit is some WSO users can't comprehend taking a HUGE hit to pay... what they fail to realize is the marginal benefit from an additional 30-40hrs/week is huge and the marginal gain from the extra $500k/yr is not nearly as important (depending on your overall situation). Congrats!
What are your avg. hours?
Wtf. What was the point of the monkey shit?
People on this app believe that anyone talking about going from $700K to ~225K is either a failure who gave up the grind for stupid things like family and happiness or just a saboteur who is trying to get them to quit their high paying job so they can take it
/s
MS is from freshman who have convinced themselves they are built to work 120 hr weeks for the rest of their lives
I would probably take a 25% pay cut to be full remote and live where I wanted
I would too and I really dont make that much lmao.
Made a similar tradeoff for a hybrid in-office/WFH schedule - was also getting obliterated at my prior role. Totally worth it imo. Even having one or two remote days is nice to have time to cook dinner, go out with friends, mid-day workout, run errands, etc.
Last role was remote until RTO where it was 3-4 days in office (which was one of the driving factors in my looking to move on to a new role).
Current role is virtual until further notice and I would not trade it for anything. I am also fortunate that the new role came with higher comp and title. The flexibility I have during the day (and I imagine my co-workers as well) is making RTO a difficult proposition.
I have worked remote most of my career but found that most employees suck at remote + training noobs is much slower + harder to build great culture.
Our ideal is hybrid. 1x to 3x a week in person. Rest remote.
For me, it's a top priority. I would reduce my salary probably around 5-10% per day gained remote. Right now my bank wants 3 days in. I am happy to do 2 days in, so I would take a 10% pay to get a day back.
On the flip side, I would just straight quit above 3 days. 2 years of remote, and my personal life has been wildly improved by this. That said, I don't want 100% remote. I want to go in 1-2 days a week and coordinate with co workers so we are all in on the same days.
Wouldn't trade it for a penny.
My ideal is 2-3 days in the office, with the option to work remotely if you want. Why should I not spend the summer working at my cottage if it’s not work that needs to be in person? Would gladly take a pay cut
guys where would you live in that case? you still need to be in Americas to be able to attend meetings, right? are we thinking something in LatAm?
Somewhere warmer in the winters, and maybe the mountains in the summer. But yea I think for meetings, and to stay on the same time zone, it has to be in the US.
As long as you’re a 3-4 hr flight from a hub / ideally where you work, it should be fine, so all the nice places in Canada and Mexico, and most of the bigger Caribbean islands w direct flights like Antigua and Bermuda.
Most remote jobs want you to be in US
$350k is a lot of money. Even with the crazy rent increases and inflation, you'll still be comfortable in Manhattan (assuming single with no kids). In most cities you'll be living like a king and can do whatever you want whenever you want without caring for the cost. At that comp level I think anyone would take the deal and just rent WeWork space if they really feel isolated. That level of comp though is way too high for what you probably can realistically get for remote, because it's mainly random back office roles at unknown companies that are going remote.
The realistic tradeoff is far more difficult. Think $500k -> $125k.
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