Income vs Interesting

[einhander]

Got an offer to join a really interesting company this morning. Director always in Bloomberg and Financial Times. Interesting clients.

Work seems super cool. Benefits are solid - insurance, language training, good holiday time, 13 month bonus...standard Asia shit. Close with couple people on the leadership time so I'd have my rabbis, which is key when trying to move up.

Downside is it's like 30% of what I'm making running my own shop. Advancement is a given, but no guaranteed time frame.

What would you go for? Good money or fun work?

[flyboyx]

what is the job? to some people blowing dudes is a fun pastime. your thread is ridiculously vague.

i can't imagine taking a 70% pay cut unless there is some fantastic benefit in the near future.

why don't you make a list of all the good qualities of each job in separate columns, then make a list of all the bad qualities of both jobs the same way. i think putting it down on paper and taking a look at it can help you make your decision.

[Wh33lhop]

This is completely dependent on the person and situation but 70% is a serious fucking pay cut.

[rturbo 930]

I would have to be making a fuckload of money to start with to consider taking a 70% pay cut. 25% pay cut for a much more enjoyable job, sure, but 70%? No way.

[Farbin Kaiber]

How long after you are in will you recoup that 70% and climb above it, eventually becoming Chief Assistant Management Director of the Presidential Restrooms?

[einhander]

what is the job? to some people blowing dudes is a fun pastime. your thread is ridiculously vague.

i can't imagine taking a 70% pay cut unless there is some fantastic benefit in the near future.

Job is for a professional services firm conducting due diligence and advising. Really young company, but there one maybe three companies doing the work at the moment. Really niche so lots of potential.

How long after you are in will you recoup that 70% and climb above it, eventually becoming Chief Assistant Management Director of the Presidential Restrooms?

Maybe a year, 18 months.

That's my title now. I keep that porcelain clean.

[freeride53]

I was interested in hearing what you do but you never replied to my pm

[kickinindian]

why would u wanna go from being your own boss to being under someone again?

[MJCRO]

Promises of promotion and better pay in 12-18 months are all great, despite the fact that 8 out of 10 new firms (ventured funded or not) fail within that time frame. But since it's Asia, I don't doubt there's definitely a lot more chances for success.

I'd do it, but to make 30% of your current income sounds absolutely ridiculous. Could you still run the shop, and work at said firm?

[Stanley Rockafella]

selling yourself for money, you'll always regret your decision

follow something that's challenging/interesting, you'll never regret your decision

[z31maniac]

selling yourself for money, you'll always regret your decision

follow something that's challenging/interesting, you'll never regret your decision

To an extent, but then again I don't really hate my job, I just hate being in a cubicle farm.

But it allows me to do what I want when I'm not at work.

I can't imagine taking a 70% pay cut. I couldn't afford to.

[DEV0 E30]

A 70% pay cut would kill most. Mr. Liquid, you would no longer be.

Your current work which in the world of advising and due dillies could mean a thousand things. Expand on what sort of advising, besides helping kids earn their series seven.

Do you have people under you that you can trust to take the day to day responsibilities? With a clear contract and paperwork you could still have controlling interest in your "shop", they'd be like a VP/Manager. You could still gain a large share to substitute what you won't be making at shadow corp #2, while grooming this underling to expand your business IF you decide that you don't like shadow corp #2.

[freeride53]

I feel like the ability to withstand a 70% pay cut would be hard for most. Would you be able to endure such a harsh lifestyle-change? Or would that be even necessary given how much you have in your savings? Could you afford the upkeep of your E30 M3 and E92iS? Questions, questions, questions..

[ThatOneEuroE30]

Hell no I'd stay were your at.

[kronus]

If he's even considering it I'm sure it's survivable.

--

Einhander, from their perspective they're getting a year and a half of an industry professional at 30% of the cost, with no obligations. This is kind of shitty of them.

If you can't cover your own interests and keep at least a share of your own business on the side, it's not worth it unless you can guarantee that the company stays afloat and that you advance in it and that you like being in that position. That said, if you can enter into this arrangement with your manhole cover firmly on, it is probably ridiculously lucrative in the medium term.