Uncertain about move to NYC

MountainMonkey's picture
Rank: Chimp | 14

Hi everyone,
I currently live in a tertiary market working in credit risk for a regional commercial bank. My wife and I have been planning a move to NYC for about a year - the goal would be to expand our career opportunities and be able to do more leisure travel (it's very difficult/expensive to leave the US from where I live). I've begun networking and applying to jobs in NYC, but haven't had much success - I've chalked this up to limited effort, my current location, and my start date (we aren't willing to move for a few more months).

My current employer is aware that I'm planning to move, but they recently offered me a promotion. The promotion would have been offered regardless of the move.

The job would pay $120,000 (COL adjustment to NYC is $244,000 based on Sperling calculator) and would be on a promotion path for Director within 3 years, which would come with another raise.

I'd plan to transition into AM or RE Acquisition/Development with the move. My wife is a commercial photographer, which is much more difficult to break into in my market.

My question: if you were in my shoes, would you risk it and move or take the safe bet and take the promotion?

Region: 
United States - Northeast

Comments (3)

Most Helpful
Mar 3, 2020
MountainMonkey:

Hi everyone,
I currently live in a tertiary market working in credit risk for a regional commercial bank. My wife and I have been planning a move to NYC for about a year - the goal would be to expand our career opportunities and be able to do more leisure travel (it's very difficult/expensive to leave the US from where I live). I've begun networking and applying to jobs in NYC, but haven't had much success - I've chalked this up to limited effort, my current location, and my start date (we aren't willing to move for a few more months).

My current employer is aware that I'm planning to move, but they recently offered me a promotion. The promotion would have been offered regardless of the move.

The job would pay $120,000 (COL adjustment to NYC is $244,000 based on Sperling calculator) and would be on a promotion path for Director within 3 years, which would come with another raise.

I'd plan to transition into AM or RE Acquisition/Development with the move. My wife is a commercial photographer, which is much more difficult to break into in my market.

My question: if you were in my shoes, would you risk it and move or take the safe bet and take the promotion?

It sounds like you don't have a job in NYC, so maybe get one there first and then think about moving? Yeah, just take the promotion.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

    • 3
Mar 4, 2020

Accept the promo. Use new position to apply for jobs in NYC. Hopefully, double bump your pay.

    • 1
Mar 4, 2020
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