Hi RFDers, I am currently in a dilemma debating whether i should accept this job offer or not. All of your input is greatly appreciated. Here is some background info about myself.
I am currently a sr hedge fund accountant producing net asset values and reconciliations for some major US hedge funds. Recently, I have gone to a few interviews and I am [fortunately] offered an Analyst position in the Risk and Investment analytics division at one of the big 5 banks. I went on this job search mainly because I feel my current role is a little redundant and boring, and basically because I want to get out of fund admin and not get stuck and try something new.
I really like the description of this new job, it seems to offer a lot of new challenges and growth potential. The only drawback of it, however, is the salary. I am currently sitting at high 50's for my fund admin position (after 3 yrs of exp), and if I proceed with this job offer, I would be taking a pay cut of about 5k! This analyst role starts at around low-mid 50s, so it feels like I am starting everything over again from the bottom and it doesnt feel good to be making less when you look for a new job :(
Hopefully you guys will be able to offer me some feedback and insights to this situation. Am I better off taking this job offer that pays less? Or should I stay where I am? (I should be eligible for a promotion in the next yr or so to the supervisor level, but i really don't like working in this industry) How is the career advancement prospects like working at a big bank? Anyone been in a similar situation?
Thanks all!
I am currently a sr hedge fund accountant producing net asset values and reconciliations for some major US hedge funds. Recently, I have gone to a few interviews and I am [fortunately] offered an Analyst position in the Risk and Investment analytics division at one of the big 5 banks. I went on this job search mainly because I feel my current role is a little redundant and boring, and basically because I want to get out of fund admin and not get stuck and try something new.
I really like the description of this new job, it seems to offer a lot of new challenges and growth potential. The only drawback of it, however, is the salary. I am currently sitting at high 50's for my fund admin position (after 3 yrs of exp), and if I proceed with this job offer, I would be taking a pay cut of about 5k! This analyst role starts at around low-mid 50s, so it feels like I am starting everything over again from the bottom and it doesnt feel good to be making less when you look for a new job :(
Hopefully you guys will be able to offer me some feedback and insights to this situation. Am I better off taking this job offer that pays less? Or should I stay where I am? (I should be eligible for a promotion in the next yr or so to the supervisor level, but i really don't like working in this industry) How is the career advancement prospects like working at a big bank? Anyone been in a similar situation?
Thanks all!
