I'm a project manager with an opportunity to work on luxury high rises for a relatively small development shop, and they have a line up of towers I could work on for the next 5-10yrs. These guys are shaping the skyline of my city (2-3 million population). Base pay is 25% less than what I would like it to be, could be somewhat made up on discretionary bonus, but would not go up much over the next 5 years (we discussed this openly).
The real problem I have is they want the person they hire to stay as a PM long term (at least 5 years), and I want to move to the development side soon (within 2yrs max). I'm a bit older and I want to make this jump soon. It sounds pretty clear I won't get that opportunity here so I'm thinking of turning it down. Am I crazy to pass up on the opportunity to work on this asset type? Seems like opportunities like these do not come around often, but they admitted there's not room right now for fast advancement at their company. I have another offer to keep doing PM consulting work at a 25% higher base pay (think JLL/CBRE) so I'm thinking I will do that and seek out another development role later.
tl;dr Talk me into taking this offer to work on high-rises. What benefits am I not thinking of long-term that I will miss out on by passing up this opportunity?