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Forum » Is it even worth switching companies and jumping from 70k to 80k?
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Thread: Is it even worth switching companies and jumping from 70k to 80k?

post 1662663693 06-10-2022, 04:00 PM
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Is it even worth switching companies and jumping from 70k to 80k?

Just started my first week of i onboarding and the company seems great but the pay is ****. Just got an offer today for 80k at a large pharma company and I checked after taxes in my current state it’s an extra $130 a week and it won’t even start till July 18.

Should I use this offer and try to increase my salary at current company? I counter offered to them for 90k but they rejected it. If I reject their offer will they crawl back lol? Not sure what to do idek if it’s worth going through another onboarding phase for an extra $130 a week
post 1662664113 06-10-2022, 04:07 PM
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  1. Retoaded
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If you are young just choose the company that will make you more valuable in 3 to 5 years or offers a better quality of life. 10k dont make a chit unless that money will change your life right now which it probably wont.
post 1662664133 06-10-2022, 04:08 PM
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  1. bigdownunder
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I assume they are part-time jobs at those levels, so can’t you just work both?
post 1662664203 06-10-2022, 04:09 PM
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Originally Posted By Retoaded⏩
If you are young just choose the company that will make you more valuable in 3 to 5 years or offers a better quality of life. 10k dont make a chit unless that money will change your life right now which it probably wont.
See this is great advice I am new to the adult world and I was thinking to myself 10k barely changes **** but I wasn’t sure. My current company is a tech consultant company, the other is a software engineer role at a pharma company and my current company is growing like crazy so I think I’d have more opportunities here
post 1662664243 06-10-2022, 04:10 PM
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Who has the better pto, insurance and retirement packages? 10k shouldn't really even be in the equation.
-SF Gigantes y SF 49ers-
post 1662664293 06-10-2022, 04:11 PM
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Originally Posted By bigdownunder⏩
I assume they are part-time jobs at those levels, so can’t you just work both?
They’re both full time
post 1662664423 06-10-2022, 04:14 PM
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Originally Posted By homersexual⏩
Who has the better pto, insurance and retirement packages? 10k shouldn't really even be in the equation.
My current company just introduced FTO so basically “unlimited “ and it doesn’t have to accumulate like some other PTO programs do. I can just book 3 weeks off whenever and get it approved. Insurance I don’t care much about but I will definitely look into retirement package at the pharma company I guess that will be the deciding factor as my gf uncle gets 100k a year in retirement from Merck and my current company doesn’t have any good retirement program just the typical 401k percentage match but it wasn’t anything extraordinary
post 1662664943 06-10-2022, 04:35 PM
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Originally Posted By TugOfPeace⏩
Companies spend a fairly decent amount of money trying to hire someone so if you quit after a week they'd take a loss on all that money spent hiring you. This could give you some leverage to negotiate a higher starting salary on top of the fact that you already have an offer on hand elsewhere.

If they say no, just move on.

However keep in mind that the business world is small and the people you work with now could work with you in the future if they move around, and this kind of move (leaving a week in) could leave you with a negative reputation.

In this economy though, $10k extra per year is solid. You should weigh the opportunities at both companies though - which one will leave you in a better position experience wise a couple years down the line?
Right now I am thinking that my current company has more growth opportunities as they have been growing a lot over the past few years. They are hiring like crazy right now which makes me think they want to keep everyone’s salaries relatively low but the Glassdoor salaries seem pretty good for upper level positions which gives me hope. I guess the extra 10k is decent but after taxes it’s like $6.5k
post 1662665223 06-10-2022, 04:41 PM
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  1. Polaris
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80k?

Why even get out of bed?

post 1662665623 06-10-2022, 04:50 PM
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i mean $10k isn't "nothing. That's a 14% increase in pay. Also a lot of people say to make bank, it's more often you have to job hop a bit. If you aren't getting big promotions then you are only getting 2-5% annual raises. So the growth of your company might not matter. My friends who make the most money currently are the ones that always took the highest paying offer. They also job hopped a couple times, so one of em went from $70k, to $130k, to $220+k, totaling 3 different jobs in the same industry over 10 years.
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