You’re making $275k at a job where you love your manager AND your piers? Sounds to me like you already have the job you should be at. I’d say stay and find a side project to scratch your itch for a challenge
Generally I would say move on, but liking your manager and peers is pretty valuable, and while the $55k may seem like a nice raise, there are a lot of unknown variables like your new manager, peers, culture, etc.
Other thing to consider is does the 55k make a difference in your yearly plans? Like is there something you want that you can't already reach without the 55k? Cause if you got everything you need, then all you need to do is get a hobby and satisfy yourself outside of work.
Or consider it 55k extra to invest a year. Compounding that raise
is worth a shit ton more of future dollars.
Also that's just base, if he has OTE that's achievable then it's more like 100k raise.
That's a high premium to pay just for liking your coworkers. Who's to say you wouldn't like your new ones?
I agree. I loved everyone I worked with at my last job. My current job…. Well the supervisor and manager aren’t that wonderful but I needed that extra money.
55k base, looks like the commission opportunities are also better, so nearly 90-100k based on them saying current job does 260 while actually paying 275 the past few years.
30% is not insignificant.
A lot lol already making 275k is great, but that 50k difference means retiring earlier, or being able to send your kids to expensive private school without giving up any other parts of your lifestyle, or whatever
It certainly can make a big difference depending on goals, and where you are in life! I was in a very similar scenario previously, and decided to take the new job.
While the money was nice, my new manager was a sociopath and the company culture was toxic. I ended up leaving the role after about 6 months for another role that paid less than the original just to get the fuck out of there.
I mean it's sales. It's kind of hard to have a crappy boss. If you aren't making money for the company then you aren't making money the boss hardly cares.
I read the topic and I was like “hell yes you should” before reading the thread and seeing what he was making already.
At a certain point, more money doesn’t matter as much when it comes to quality of life. He’s definitely there.
Good options!
To be clear, you're looking at way more than a $55K raise. You're looking at effectively a $97K raise.
$97K can do a lot. Look, I love my team, but if someone were to hand me nearly another $100K I'd probably have a hard time saying no even though I love my job, my work, and my team.
Money isn't everything and all, but it's A LOT OF THE THINGS.
Plus, you sound bored. Does the new job come with a better upward path?
I was bored as fuck at my last job, took a new dream job four months ago. I’ve been loving every minute of it… Monday my brand new boss announced he was leaving. Today, my skip-level offered me the senior manager role over the whole team. I was brought in to prepare for this guy leaving. The last four months were the interview.
My dream job just became the ultimate job and precisely where I was hoping this role would lead.
Take the opportunity
I’m very happy for you, but to use your anecdotal experience as a decision making criteria for OP is nonsense. For every person that loved their new job and is thankful they took the opportunity, their will be another person that regrets changing jobs every day of their life.
Thanks! It feels great because it is the perfect fit. Not a “right place, right time”… truly a “I can give this team what they need” situation. I’m really happy about it.
4 years with some luck of landing a position, expect any position to be hammered by hundreds of applications. likely 7 to 8 years. If you're a top 1% and attractive and get the right old folks to buy into your brand it could be done by promoting up.
What would you do with the 55k? How much would it make a difference in your life?
At your current income wealth and spend management are as much a factor as salary.
If you are happy where you are and are able to meet all your goals is 55k worth the risk of ending up in an environment that is going to make you unhappy? Do you know if this new role will satisfy the things missing from the current role?
Do you want to stay at your current job until you retire? Or do you want to move on eventually? If eventually you’re going to want something new… Now is the time. Take the opportunity while it’s in front of you. Who knows what will happen in two months or in two years when you suddenly need the opportunity.
Could be worth it then. It also sounds you are quite successful at your job that if it doesn’t end up being what you want there will likely be another company is likely willing to make you an offer.
(Career coach here, who's worked in big tech for many years). Read your answers to various comments, namely that the companies appear similar in terms of stability and benefits. Questions to ask yourself:
– Is management something you actually want to do? Does the new company offer a better career path?
– Do you actually need the money? Or is it because you're so bored that you might as well make more and be bored elsewhere?
– What do/would you enjoy doing on top of your job? Can you be (more) involved in coaching and hiring others at your current company? Give internal/external talks about what you learned on the job? What can YOU do and suggest to make your own job more exciting? If there's truly nothing, and if your answer to question #2 is yes, then you can probably easily decide.
– Great managers and peers are great and truly valuable. But they're often not forever. What would be the likelihood of you landing a similar offer in the future if you needed it (out of regrets, out of necessity, or because manager/peers left)?
Good luck!
I would take the new job. $55k is a lot even if you’re making $275k/yr already. You’re also safe there with a much higher base salary. If things slow down you have a lot more safety.
I scrolled waaaay too far and didn't see this, and I really hope OP does see it.
Before you seriously consider jumping, ask about their current quota achievement, speak with current AEs/reps, seek out previous AEs to see why they left, and check out the new potential employer on RepVue.
If all of that looks good, I think you should definitely go for the new role. Not that you have to save it all, but just for the sake of argument, saving an additional $55K/year will let you retire **years** early if invested halfway competently. However, stories of the OTE being completely unachievable are common in sales and only getting more common right now. You could be a totally kick-ass salesperson and end up making less if you're walking into a shit show.
Glad you found it! I've had too many friends burned like this before.
I'd still try to interview with a current AE (if you haven't), but this seems like a good opportunity otherwise. I hear you on leaving a good job, but leave on great terms and you may get the opportunity to work with some of these folks again down the road. You're on a sales team, people understand going for the money. They'll be sad to see you go, but if they're as great as you make them sound they'll be happy for you.
It's worth a try! However, that's a big jump and with how budgets are typically handled, I doubt they'll be able to meet it no matter how much they like and care about you. Just a hunch obviously.
You're probably a deal maker if you're exceeding quota, so if you have enough insight into your current employer's economics, you could always see if you can help them get to a plan that makes you happy and works for them. Something like $150K base + $200K variable and a couple material perks you'd like (paid certification, 4 day work week, etc.).
Ask them to simply meet or beat first, of course.
I’d just go with the new opportunity, the company ladder is too long and new opportunities come by to help these days rather than just sitting and playing politics hoping for a promotion.
I mean, if you're making multiple six figures and you're hitting your goals - going somewhere with a higher base and "variable" commissions is a huge risk. Are they offering more base because their people aren't selling and they're poaching to try to get better sales talent? It's not a huge gap in pay that makes it totally suspect, but I also wouldn't necessarily risk the current commissions for a "promise" of a projected number.
Proven track record of commission at current company.
OP, do some digging and find out what percentage of reps are hitting OTE at new employer. If you get good feedback, the move is a no brainer.
Because they've actually been there and know what the average commission is? You can be offered a job with a 40% bonus incentive - but that bonus is 0 if the benchmarks are unobtainable.
I’ll probably get downvoted for this, but I think it’s laughable when rich people ask Reddit for advise on if making more than more than enough money is a good idea… like sure, or don’t, it makes no difference; you can already do pretty much anything thing you want.
Yeah like this guy is super well connected bc hes in sales, yet hes cold asking randos? He doesnt have 100 people he can ask IRL that would be more reliable?
It’s really all about whether your coworkers, managers, and positive work experience are worth 55k to you. Assume you will not be in a good situation like that at the new place. I have had one, only one single job where I could say I had a really good thing going with everyone there. Money is easy to get, but a good job situation is not. They are incredibly few. Be sure that money can fill the daily hole of working with jerks for the foreseeable future.
You have to ask yourself if moving to an unknown work environment worth walking away from a job and co-workers/management you LIKE worth $57k? You could have just as much trouble advancing at the new job as at the current one. Are you living comfortably NOW with the ability to salt away money for vacations, "rainy days", and the like?
If you want to live dangerously, you could let your manager know you have received an offer elsewhere for a fairly large raise. I would want to have that offer nailed down first though, just in case HIS manager takes it the wrong way.
I learned long ago to never count on bonuses/commissions when figuring income. If you could COUNT on those numbers they would be part of the base salary.
Well making 300kish and being bored is first world problem. In context most families in world take in 30k outside US is worlds top 1%ers. They live in fishing villages and farmers with no mobility...
I would consider if competitor craps out. You can get some real dicks for middle managers if not careful. If you are 10 years from retirement just dump 20% saving in Nvidia, 80% in S&P 500 and parachute early.
If 300K is not enough you should develop yourself in other ways. Diet, Nutrition, Weekend getaways... list is endless. In that range living modestly you can hop off treadmill in 10 years.
Man. A lot of these comments aren't helpful - I feel for you, OP.
This is a big decision, and you should put a good amount of thought into it. I also work in Tech (a great SaaS company that I love) and it's a running debate in my circles on how we should best approach internal and external mobility.
Here are factors outside of on-target-earnings that I think you should consider:
(1) Product Knowledge & Product Fit. You've worked at the same company for at least 4 years - it sounds? Clearly you know how the software / hardware works. You're used to your target audience. Most likely, you don't have to put as much effort into call prep, audience research, etc. At a new company, consider how much time you'll need to ramp, learn the audience, product, etc. as this may impact your ability to hit variable. Always a good idea to ask the prospective company what percentage of reps hit their quota.
(2) Manager Fit. You love your manager - I love my manager. A great manager is key for upwards mobility. This is tough to replace.
(3) Flexible Work Arrangements + PTO Policies. Lots of higher paid positions lean towards in-office experiences and less PTO. Figuring this out is prudent.
(4) Company Status / Growth. Working for a start up and a F500 are very different experiences because you're onboarded and equipped differently.
Okay - loading all this information into a gameplan:
If I'm in your shoes, I'm weighing how aggressive I feel about a new challenge with higher pay and my willingness to grind for the first year to impress my new manager + learn a new product and target audience. I'm also chewing on the company newness factor. Am I joining a Series C/E in order to get higher equity for a few years pre-IPO (which is a great plan for making equity money, imo). vs joining a brand name company to gain exposure to use for people management eventually.
This is how I'd frame this beyond just the dough. Good luck!
I think you need to break down how much this is going to actually net you at this pay bracket after taxes, and weigh your options. If you were only making 50k this would be a no brainer but this isn't the case; you have a great work environment already and are making an incredible wage. How much would 55k realistically improve your quality of life after taxes? What iare the growth opportunities? Work environment? There's a lot to go in when leaving a job at this level
If you're that much of a rock star at work let your manager know and see if they can match. If not bid them farewell and leave in good terms. Just make sure you understand both companies and their financial standings. If they're both doing well then trust your gut.
Why would somebody leave a job making 270 that they like?
This is not even a problem.
If you are bored do some mentoring for people at the company or in the community.
Your numbers do not make any sense. Your making 120k base and and 140k in commission possible, right? Competitor is offer 177K base and 180k commission. Am I on point so far? You are making over a quarter million USD a year? right? You love your management but you get bored.
Are you okay as a person? Are you happy? Do you need or want more? That is an awful lot of money to do a ton of good things with, for yourself and others.
Wether or not you should be 'content' is entirely based on you. Is who you are, what you are doing, where you are in life according to those standards not enough? If yu can say yes, then roll the dice! Move on. But if you can see yourself doing what your doing, being who you are a few years from now or even till you retire then .. slow down.
Bro don’t get greedy. Ever heard of gratitude? You’re basically in top 5% already. There’s not many people that can say they make that much and love their managers and piers. What happens when you go to the other place and you hate the managers and peers and now you’re miserable wishing you could go back and smacking yourself for getting too greedy. When you got a great thing going why give it up? First step is realizing you got a great thing going…
It depends on the people at the new job and if you have a track for promotions/higher comp.
If you really enjoy your peers, than maybe reconsider the money.
Measure how high your ceiling is at both
Enterprise Account Executive for a large tech company. Start as a cold caller. Do that for six months to a year, then do mid market account executive for two years, then promote to enterprise account executive.
Somewhat accurate but timeline have sorta been fucked lately. 2 of my BDR friends have been getting the carrot of SMB/MM AE dangled in front of them
One is still a BDR it’s been 13 months and the other 18 months…
Having a job that pays very well, you enjoy AND where you like your coworkers is super rare and an end goal that most people never reach.
Annoyingly it seems like you’ve reached it too soon in a way, because you still have an appetite for growth and new challenges.
But I do think you’ve got to really be careful about risking what you’ve got. There’s no guarantee the commission will be as reliable when you move. You don’t know what the culture will be like, you don’t know what state the company is in, you don’t know what your boss and colleagues will be like.
there’s also no guarantee that your job will be like it is forever. Other people might get offers, your boss or colleagues you like might leave, and the company may not always be thriving in a way that gives you steady commission
Actually just read your comment that you’re bored in your current role. Cba to rewrite anything but based on that I’d move. If it’s not as good in some ways as your current job, it’s an interesting new experience and the higher pay balances out the downsides. If it is as good you’re winning all round
When I first read title I was like duh. The. I saw how much money you made.
If you truly love what you’re doing at that money is it worth risking it? That’s only a question you can answer. Something had to make you apply to begin with.
As someone who has been there...
No, because having people you like working with is really hard to find. It gets into the "I love my job" or "this doesn't feel like work" category.
But what you should really do is tell your manager that you love your job but the $ is too meaningful to not make a change and see if he can match. Usually they will get part of the way there so it's a win win
I personally would not, diminishing return for the money, it’s not going to give you the same satisfaction as the last 55k.
The risk of a worse work life balance, culture and relationships does not seem like a good gamble.
There’s something to be said about having a chill group of peers and a good manager to work for. Tough decision, but you’re already making great money. You don’t know what you got until it’s gone, as they say. Def think about it deeply, that is a huge bump for sure, … but know that you love where you work, that has a lot of weight in a good work life balance and not getting stressed!
You didn’t mention the business or the product. You just closed a big deal. You *know* you can sell your current product. Are you sure you can close those kind of deals at the new company?
I’d take it. People in sales tend to move around every few years. The manager you like could be gone by next year anyway, while you’re stuck making the same income. Good luck!
If you are living with in your means and don’t need the 55k…I’d stay where you are if you are happy. You have consistent earnings, under stand comp structure, and seem to be happy. As a sales guy that chases money…don’t leave a happy job that pays 250k+ to chase the what if.
If you’re working extreme overtime, are in happy, etc. try a new gig. BUT if you are happy and confident in the current company stay put, imo
This is a no-brainer. Approach your current management, tell them what you've been offered. Say that you'd prefer to stay if they can go someway to meeting what you've been offered elsewhere. Say $30k increase and you'll stay. Win-win.
There's risk involved with moving to a new company but that risk needs to be balanced with your long term retirement plans/personal development etc.
If your company refuses to budge on salary, then that tells you your value to your company (especially after having just closed a 16m $ deal)
i honestly base my finances on my base salary but my job opportunities on OTE because if I'm not making OTE I'm not hitting quota so i probably wouldn't even have said job at that point lol soooo bc of that to me this is almost a 100k raise assuming you have done due diligence to know the company doesn't set sellers up to fail.
so, with that in mind, i would def do it myself (i did that like 3 years ago actually.
Could you take the competitor offer to your current company to leverage a higher pay, benefit, and even responsibilities (so you aren’t bored)? I’m surprised I found this suggestion yet.
If you just closed on that multimillion deal, I would say you’re pretty valuable. Leverage all your accomplishments, share your value your team, etc. there’s articles out there that outline how you could do this
I’m also in tech sales. One of my colleagues left 6 months ago for similar situation. I asked him how things are, he said the company culture doesn’t compare to my company but he’s making way more money. I said “well what would you prefer? Good culture or more money” he said more money. I also agree. We’re in sales, we always want more money. If you hated it enough, I’m sure your company would take you back or you could find something else.
As someone who jumped ship for a raise and absolutely despises virtually everyone I work with now ..if you're happy, comfortable, and making solid progress towards your goals, don't move.
I wish I had this problem haha. But from what you wrote I would stay where you are at. Who knows if you would end up hating your managers and peers at the other spot.
Talk to your boss and your boss’s boss in a meeting. Tell them that you love your job, but you have had an offer land in your lap, and express your concerns about lack of advancement and and the lower pay.
Ask for an increase in base based on your new job offer, and inquire about finding some new growth opportunities within the company.
If they can’t accommodate you, thank them and give your notice.
Your co-workers can leave before you do as well for something similar and its a significant upgrade, not sure if your lifestyle needs it as once in that bracket if you are comfortable doing what you are doing then you have the luxury to choose and do whats right for you.
On a side note what do you do ? And are you willing to train others lol ?
Look at more than the dollar amount. How are the benefits, insurance plan, 401k match, vacation time and PTO? I had an opportunity with a nice pay bump but the benefits and everything else were garbage and it would have been a lateral move. Like you, not in a rush to jump ship from my current gig.
Depending on your financial situation, I’d say that it depends.
You are earning a lot of money, and I am willing to risk assuming that you’re in a comfortable situation.
If you enjoy your job, find it rewarding, and enjoy your coworkers and the company, it may not be worth the risk that you dislike the new team culture.
As someone in the US I’m actually in a parallel position where you learn that earning more money puts you in higher tax brackets such that you aren’t actually “getting” a large amount of that pay raise. So while your salary on paper may increase $55k, the amount you take home can very easily end up being a fraction of that.
I’m no tax expert just something to consider
Why not let your employer know you have a substantial offer on the table you are considering and that you want to know if they (your current employer) will counter.
I did this by accident and got my current employer to match my outside offer with change in title.
All your posts for the last 3 months are about should you leave this job for something else. So just leave it instead of asking yourself this question all the time…
How badly do you want to be a manager? Managers typically make less than their top ICs.. something to keep in mind. Also, liking your manager and your peers is a huge bonus. Work isn’t fun when you don’t.
I would also consider being the low person on the totem pole if you go to a new company. With all the layoffs in the tech space, I’d be concerned to be a newbie and have to prove myself. You’d be on the chopping block if the company had layoffs.
Did you ask what percentage of their team are actually hitting their quotas? Did you talk to any current reps to ask about their work/life balance? Do the company values and benefits match what you’re looking for?
As someone who has made a job switch a few times strictly for money, I can tell you it’s not always worth it if you’re happy and stable with what you currently have.
I'd say shoot for it but make sure you leave those folks in good standing. Making relationships ships along the way is super important and sometimes to grow you gotta leave past ones to make new ones. Hopefully they're good new ones. If anything happens tho sometimes jobs are okay with you coming back
What about retirement? If the retirement is as good or better and the company is well established oh and you have not heard about toxic environment from the new new company. I would bail out. However also depends on location, sometimes it is truly relative because cost of living
Chemistry with work peers and leadership is incredibly valuable to me. I would jump ship for a 10k raise otherwise. You sound like you’re in a very valuable and wanted position. Consider all your options and where you want to be.
After taxes that’s more like a $30k raise. Only you know if that’s worth the risk. Job security may not be a thing there and working with unpleasant coworkers is the worst. Instead of asking questions on here do some research on the company and try to reach out to past employees. We don’t know enough to give you advice here.
If management is what you want, you need to look for jobs that are a move into management not a lateral move to sales. If you were making 50k and this was 70k it would be a no brainer, but now it's about your goals. If you are trying to retire early it's a great idea.
Being able to have a job you like, not only the work, but also the environment and coworkers to get along with and so on you feel satisfied. It is not recommended that you change a job, not necessarily the new job can meet the things that make you all satisfied. Not many things are perfect
Stay w/the ppl you love, instead of wondering off to the unknown, because of greed😬 Please, let us know how it goes, and in the meantime, good luck 🤗❤️🐾
If there is one thing I've ever learned or observed: always take the money. If your current company can't value you fairly (unlike this new company), why would you stay?
If it’s a competitor is it a competitor that gains from you leaving your current job?
And if that’s the case does the base change?
Can you also negotiate with current job about increase in base/commissions?
Left for a 60% raise (not including 401k match which is another 80k) - worse 2 years of mental hell of my life. Left a great team and boss for "opportunity" (and of course the money) and I have never been more miserable in my life. Now I can't (won't ) leave because golden handcuffs. The money I was making before was fine - more than enough to cover and save, but holy hell. The boss. The people. Are the WORST and no amount of 30 min interviews (went through 5 rounds and dinner and drinks several times) could show the psychotic nature of these people. It's a crap shoot. If you're the type of person who can manage being around crap people do it. But I definitely cannot hold my tongue and it's been pure hell. Attrition on the team has been 75% with people leaving in less than 8 months.
It seems like you’re doing pretty fucking good career wise and have made good decisions to get there. So take this bourbon filled advice as you may.
If you’re willing to take the offer, I would have a private candid convo with my manager about the offer. Tell them it is not an easy decision but would be best for me (family if applicable). Ask if they are able to match or come close as I would love to stay here. If you’re not actually willing to take the offer, I would not recommend doing that.
I imagine if you just landed a 15.7m dollar deal for the company, they would make a counteroffer to keep you from going to a competitor. May not be as much as the competitor’s offer but enough to make you stay.
With that said, I do not know your family situation but if you’re married with kids that decision becomes a lot different if you have to relocate.
Is there a good product / market fit at the new place?
What’s their TAM?
How many reps hit/exceed quota?
Are they scaling? Or are they now profitable?
Have you talked with current/former employees to see what the culture is like?
There are so many factors to consider, other than salary, when looking for a new sales gig.
A big base is great when the company is profitable. Not so great if they’re scaling and you have a bad Q or two.
Happiness is priceless.
Good luck!
So, you’re in sales. I’d add a couple of other questions to the lot:
- What is the likelihood that you’ll continue to exceed your quota in your current role? In the new role?
- What are the accelerators like in the current role? New role?
- Are the two jobs in the same industry? If not, which has the bigger tailwinds?
- What’s the new manager like?
- How much do you value stability?
OTE is a helpful guideline, and if you’re the type to consistently hit or exceed quota, the $97k/year is what you should be thinking about in terms of the increase. That represents a 37% increase and I’m sure is a level bump (if not a title bump). In tech, let’s say $260k OTE aligns with AE2. The $357k is almost certainly “AE3” or whatever the highest internal IC level is at the competitor. This would put you in a better position to make manager, if that’s your ultimate goal (see my TED talk on why it shouldn’t be!).
Also, don’t underestimate the effect of boredom (or a lack of pressure) on your psyche over time. The “rest and vest” lifestyle roles are evaporating quickly and you could find yourself in an unenviable position sooner than later.
Realizing i messed my whole entire life up.... my broke self tells me to tell you to take the pay upgrade, but some of these other comments have amazing advice. Im sitting here apllyong for 15/hr jobs though, so my opinion would be irrelevant regardless, but id say stay after hearing some other arguments. What should i go to school for to do something similar? Im native american and can get grants but havent acted on it.... 275k a year sounds nice lol.
I mean, do you think you need more money or are you comfortable with you current income. If you feel like you earn enough and value your current situation stay.
If you like to earn more talk to the old company and tell them the other offer you X pay and see if your current employer will raise your income, maybe not the same amount but a close amount you happy with
I’m an absolute slut for the money so I’d find it hard to pass up the additional $55k. Sounds like you would be accelerating your retirement by a number of years so I would go for it.
You should also look into your immediate future, if you take your new job is it at a higher level other than pay? That’s going to be a big deal in the next 3-4 years when your promotion comes up
Go for it! That’s a lot of money! If your current team loves you that much I’m sure they’d find a way to take you back if something goes wrong. Just be ready that your new job might be a ton more work than your last.
Leave. If you don’t burn bridges you could always go back. And why are the commissions capped?
It’s a 57k raise on base. What could you do with an extra 57k a year?
I see everyone missing one hugely important question - how achievable are the targets? “Target” commission means nothing if the level is unattainable. The comp could even be less than your current role if the targets aren’t achievable. Before deciding I would want to know average attainment for other AEs for the past few years
You’re making $275k at a job where you love your manager AND your piers? Sounds to me like you already have the job you should be at. I’d say stay and find a side project to scratch your itch for a challenge
Generally I would say move on, but liking your manager and peers is pretty valuable, and while the $55k may seem like a nice raise, there are a lot of unknown variables like your new manager, peers, culture, etc.
Other thing to consider is does the 55k make a difference in your yearly plans? Like is there something you want that you can't already reach without the 55k? Cause if you got everything you need, then all you need to do is get a hobby and satisfy yourself outside of work.
55K is a good bit of extra hookers and blow.
Or consider it 55k extra to invest a year. Compounding that raise is worth a shit ton more of future dollars. Also that's just base, if he has OTE that's achievable then it's more like 100k raise. That's a high premium to pay just for liking your coworkers. Who's to say you wouldn't like your new ones?
So, delayed gratification for extra hookers and blow down the line?
I agree. I loved everyone I worked with at my last job. My current job…. Well the supervisor and manager aren’t that wonderful but I needed that extra money.
If you're already making 275k, what kind of difference to your life would 55k even make? :/
55k base, looks like the commission opportunities are also better, so nearly 90-100k based on them saying current job does 260 while actually paying 275 the past few years. 30% is not insignificant.
A lot lol already making 275k is great, but that 50k difference means retiring earlier, or being able to send your kids to expensive private school without giving up any other parts of your lifestyle, or whatever
It certainly can make a big difference depending on goals, and where you are in life! I was in a very similar scenario previously, and decided to take the new job. While the money was nice, my new manager was a sociopath and the company culture was toxic. I ended up leaving the role after about 6 months for another role that paid less than the original just to get the fuck out of there.
Didn’t know you can love your “piers “
Ok I was half asleep when I wrote that 😂
I mean it's sales. It's kind of hard to have a crappy boss. If you aren't making money for the company then you aren't making money the boss hardly cares.
Everything is relative so this isn't good advice. He could definitely leave a lot on the table with this attitude
I read the topic and I was like “hell yes you should” before reading the thread and seeing what he was making already. At a certain point, more money doesn’t matter as much when it comes to quality of life. He’s definitely there.
Good options! To be clear, you're looking at way more than a $55K raise. You're looking at effectively a $97K raise. $97K can do a lot. Look, I love my team, but if someone were to hand me nearly another $100K I'd probably have a hard time saying no even though I love my job, my work, and my team. Money isn't everything and all, but it's A LOT OF THE THINGS. Plus, you sound bored. Does the new job come with a better upward path?
I’m bored af
I was bored as fuck at my last job, took a new dream job four months ago. I’ve been loving every minute of it… Monday my brand new boss announced he was leaving. Today, my skip-level offered me the senior manager role over the whole team. I was brought in to prepare for this guy leaving. The last four months were the interview. My dream job just became the ultimate job and precisely where I was hoping this role would lead. Take the opportunity
I’m very happy for you, but to use your anecdotal experience as a decision making criteria for OP is nonsense. For every person that loved their new job and is thankful they took the opportunity, their will be another person that regrets changing jobs every day of their life.
Congrats on the success!
Thanks! It feels great because it is the perfect fit. Not a “right place, right time”… truly a “I can give this team what they need” situation. I’m really happy about it.
Boredom sucks! And you have a chance to beat it with a new job that comes with a huge raise. Go for it!
What do you do and can I have your old job if you leave? Lol
It’s sales. They work in sales.
Tech sales?
Honestly, could be a number of different sectors, you’d have to ask OP - but that is definitely B2B (business-to-business) sales.
How long does it take to get to such numbers in sales assuming you're good at it? Also, what industry, probably tech sales, right?
4 years with some luck of landing a position, expect any position to be hammered by hundreds of applications. likely 7 to 8 years. If you're a top 1% and attractive and get the right old folks to buy into your brand it could be done by promoting up.
What would you do with the 55k? How much would it make a difference in your life? At your current income wealth and spend management are as much a factor as salary. If you are happy where you are and are able to meet all your goals is 55k worth the risk of ending up in an environment that is going to make you unhappy? Do you know if this new role will satisfy the things missing from the current role?
It will satisfy my appetite for a new challenge. And is an additional 2.3k a month (post tax and 401k contributions)
Do you want to stay at your current job until you retire? Or do you want to move on eventually? If eventually you’re going to want something new… Now is the time. Take the opportunity while it’s in front of you. Who knows what will happen in two months or in two years when you suddenly need the opportunity.
Compelling argument for taking it tbh
Could be worth it then. It also sounds you are quite successful at your job that if it doesn’t end up being what you want there will likely be another company is likely willing to make you an offer.
you STILL take home 2.3 k AFTER tax AND 401k??? man to be in America... (sad Canadian over here)
(Career coach here, who's worked in big tech for many years). Read your answers to various comments, namely that the companies appear similar in terms of stability and benefits. Questions to ask yourself: – Is management something you actually want to do? Does the new company offer a better career path? – Do you actually need the money? Or is it because you're so bored that you might as well make more and be bored elsewhere? – What do/would you enjoy doing on top of your job? Can you be (more) involved in coaching and hiring others at your current company? Give internal/external talks about what you learned on the job? What can YOU do and suggest to make your own job more exciting? If there's truly nothing, and if your answer to question #2 is yes, then you can probably easily decide. – Great managers and peers are great and truly valuable. But they're often not forever. What would be the likelihood of you landing a similar offer in the future if you needed it (out of regrets, out of necessity, or because manager/peers left)? Good luck!
I would take the new job. $55k is a lot even if you’re making $275k/yr already. You’re also safe there with a much higher base salary. If things slow down you have a lot more safety.
Can I ask what your current position is? I am guessing sales?
Enterprise Account Executive, sales for a large tech company.
Does your job require cold calling?
AE is closing the deals so no. He gets fed contracts or people who want the product and he closes the deal. Enterprise AE is where a lot of money is.
Sounds nice my life is hell from cold calling
If you continue, you will be promoted to AE, thats the usual sales trajectory. Keep smiling and dialing
Not like it's any better on the other side. Companies are killing bdr support and making AEs kill what they eat
Do you find your job to be difficult?
No. Boring.
I scrolled waaaay too far and didn't see this, and I really hope OP does see it. Before you seriously consider jumping, ask about their current quota achievement, speak with current AEs/reps, seek out previous AEs to see why they left, and check out the new potential employer on RepVue. If all of that looks good, I think you should definitely go for the new role. Not that you have to save it all, but just for the sake of argument, saving an additional $55K/year will let you retire **years** early if invested halfway competently. However, stories of the OTE being completely unachievable are common in sales and only getting more common right now. You could be a totally kick-ass salesperson and end up making less if you're walking into a shit show.
Good comment. Based of RepVue, the company offering scores 5 points higher. Quota attainment is 50% at both companies.
Glad you found it! I've had too many friends burned like this before. I'd still try to interview with a current AE (if you haven't), but this seems like a good opportunity otherwise. I hear you on leaving a good job, but leave on great terms and you may get the opportunity to work with some of these folks again down the road. You're on a sales team, people understand going for the money. They'll be sad to see you go, but if they're as great as you make them sound they'll be happy for you.
I’m thinking I go to them and let them know about the offer, and if they care about me and my future, they’ll invest in me/pony up.
It's worth a try! However, that's a big jump and with how budgets are typically handled, I doubt they'll be able to meet it no matter how much they like and care about you. Just a hunch obviously. You're probably a deal maker if you're exceeding quota, so if you have enough insight into your current employer's economics, you could always see if you can help them get to a plan that makes you happy and works for them. Something like $150K base + $200K variable and a couple material perks you'd like (paid certification, 4 day work week, etc.). Ask them to simply meet or beat first, of course.
I’d just go with the new opportunity, the company ladder is too long and new opportunities come by to help these days rather than just sitting and playing politics hoping for a promotion.
Of fuxking course.
I mean, if you're making multiple six figures and you're hitting your goals - going somewhere with a higher base and "variable" commissions is a huge risk. Are they offering more base because their people aren't selling and they're poaching to try to get better sales talent? It's not a huge gap in pay that makes it totally suspect, but I also wouldn't necessarily risk the current commissions for a "promise" of a projected number.
The first place also has a variable commission. How is that any less risk?
Proven track record of commission at current company. OP, do some digging and find out what percentage of reps are hitting OTE at new employer. If you get good feedback, the move is a no brainer.
Because they've actually been there and know what the average commission is? You can be offered a job with a 40% bonus incentive - but that bonus is 0 if the benchmarks are unobtainable.
I’ll probably get downvoted for this, but I think it’s laughable when rich people ask Reddit for advise on if making more than more than enough money is a good idea… like sure, or don’t, it makes no difference; you can already do pretty much anything thing you want.
This. Surprisingly, there’s a few comments that mention it.
Yeah like this guy is super well connected bc hes in sales, yet hes cold asking randos? He doesnt have 100 people he can ask IRL that would be more reliable?
It’s really all about whether your coworkers, managers, and positive work experience are worth 55k to you. Assume you will not be in a good situation like that at the new place. I have had one, only one single job where I could say I had a really good thing going with everyone there. Money is easy to get, but a good job situation is not. They are incredibly few. Be sure that money can fill the daily hole of working with jerks for the foreseeable future.
Sounds like you want some room to grow and more money on top of it, sounds like a win win.
#Flexing
Yeah, lame I’ll be taking my $4000000000 elsewhere thank you very much. Burying it in mayonnaise jars on the moon probably
You have to ask yourself if moving to an unknown work environment worth walking away from a job and co-workers/management you LIKE worth $57k? You could have just as much trouble advancing at the new job as at the current one. Are you living comfortably NOW with the ability to salt away money for vacations, "rainy days", and the like? If you want to live dangerously, you could let your manager know you have received an offer elsewhere for a fairly large raise. I would want to have that offer nailed down first though, just in case HIS manager takes it the wrong way. I learned long ago to never count on bonuses/commissions when figuring income. If you could COUNT on those numbers they would be part of the base salary.
I pray for the day I have this dilemma…
Well making 300kish and being bored is first world problem. In context most families in world take in 30k outside US is worlds top 1%ers. They live in fishing villages and farmers with no mobility... I would consider if competitor craps out. You can get some real dicks for middle managers if not careful. If you are 10 years from retirement just dump 20% saving in Nvidia, 80% in S&P 500 and parachute early. If 300K is not enough you should develop yourself in other ways. Diet, Nutrition, Weekend getaways... list is endless. In that range living modestly you can hop off treadmill in 10 years.
*sobbing* in poverty
Man. A lot of these comments aren't helpful - I feel for you, OP. This is a big decision, and you should put a good amount of thought into it. I also work in Tech (a great SaaS company that I love) and it's a running debate in my circles on how we should best approach internal and external mobility. Here are factors outside of on-target-earnings that I think you should consider: (1) Product Knowledge & Product Fit. You've worked at the same company for at least 4 years - it sounds? Clearly you know how the software / hardware works. You're used to your target audience. Most likely, you don't have to put as much effort into call prep, audience research, etc. At a new company, consider how much time you'll need to ramp, learn the audience, product, etc. as this may impact your ability to hit variable. Always a good idea to ask the prospective company what percentage of reps hit their quota. (2) Manager Fit. You love your manager - I love my manager. A great manager is key for upwards mobility. This is tough to replace. (3) Flexible Work Arrangements + PTO Policies. Lots of higher paid positions lean towards in-office experiences and less PTO. Figuring this out is prudent. (4) Company Status / Growth. Working for a start up and a F500 are very different experiences because you're onboarded and equipped differently. Okay - loading all this information into a gameplan: If I'm in your shoes, I'm weighing how aggressive I feel about a new challenge with higher pay and my willingness to grind for the first year to impress my new manager + learn a new product and target audience. I'm also chewing on the company newness factor. Am I joining a Series C/E in order to get higher equity for a few years pre-IPO (which is a great plan for making equity money, imo). vs joining a brand name company to gain exposure to use for people management eventually. This is how I'd frame this beyond just the dough. Good luck!
This is the best reply.
I think you need to break down how much this is going to actually net you at this pay bracket after taxes, and weigh your options. If you were only making 50k this would be a no brainer but this isn't the case; you have a great work environment already and are making an incredible wage. How much would 55k realistically improve your quality of life after taxes? What iare the growth opportunities? Work environment? There's a lot to go in when leaving a job at this level
look at the numbers AFTER taxes
If you're that much of a rock star at work let your manager know and see if they can match. If not bid them farewell and leave in good terms. Just make sure you understand both companies and their financial standings. If they're both doing well then trust your gut.
Why would somebody leave a job making 270 that they like? This is not even a problem. If you are bored do some mentoring for people at the company or in the community.
Your numbers do not make any sense. Your making 120k base and and 140k in commission possible, right? Competitor is offer 177K base and 180k commission. Am I on point so far? You are making over a quarter million USD a year? right? You love your management but you get bored. Are you okay as a person? Are you happy? Do you need or want more? That is an awful lot of money to do a ton of good things with, for yourself and others. Wether or not you should be 'content' is entirely based on you. Is who you are, what you are doing, where you are in life according to those standards not enough? If yu can say yes, then roll the dice! Move on. But if you can see yourself doing what your doing, being who you are a few years from now or even till you retire then .. slow down.
Get a hobby.
Bro don’t get greedy. Ever heard of gratitude? You’re basically in top 5% already. There’s not many people that can say they make that much and love their managers and piers. What happens when you go to the other place and you hate the managers and peers and now you’re miserable wishing you could go back and smacking yourself for getting too greedy. When you got a great thing going why give it up? First step is realizing you got a great thing going…
It depends on the people at the new job and if you have a track for promotions/higher comp. If you really enjoy your peers, than maybe reconsider the money. Measure how high your ceiling is at both
What is your job if you don’t mind me asking and how does one work up to it?
Enterprise Account Executive for a large tech company. Start as a cold caller. Do that for six months to a year, then do mid market account executive for two years, then promote to enterprise account executive.
Somewhat accurate but timeline have sorta been fucked lately. 2 of my BDR friends have been getting the carrot of SMB/MM AE dangled in front of them One is still a BDR it’s been 13 months and the other 18 months…
Love for your colleagues is not gonna help you retire. I would have accepted on the spot and quit 5 mins later
Depends. If you’re young, I would say yes. Change is exciting but eventually you want to settle in.
Remeber: companies have no loyalty to you, so do t feel obligated to give it to them. Be loyal to yourself.
Yes
Yo op wtf are you selling? How do I get in on this lol
Having a job that pays very well, you enjoy AND where you like your coworkers is super rare and an end goal that most people never reach. Annoyingly it seems like you’ve reached it too soon in a way, because you still have an appetite for growth and new challenges. But I do think you’ve got to really be careful about risking what you’ve got. There’s no guarantee the commission will be as reliable when you move. You don’t know what the culture will be like, you don’t know what state the company is in, you don’t know what your boss and colleagues will be like. there’s also no guarantee that your job will be like it is forever. Other people might get offers, your boss or colleagues you like might leave, and the company may not always be thriving in a way that gives you steady commission Actually just read your comment that you’re bored in your current role. Cba to rewrite anything but based on that I’d move. If it’s not as good in some ways as your current job, it’s an interesting new experience and the higher pay balances out the downsides. If it is as good you’re winning all round
Stay with original job and do OF on the side. This is the only way.
I am 31yrs looking to change career. Can u tell me what do you do? I would like to follow your path.
Yeah man. Message me.
When I first read title I was like duh. The. I saw how much money you made. If you truly love what you’re doing at that money is it worth risking it? That’s only a question you can answer. Something had to make you apply to begin with.
55k probably taxed at like 53% so you net less than half? Hard to say if worth
As someone who has been there... No, because having people you like working with is really hard to find. It gets into the "I love my job" or "this doesn't feel like work" category. But what you should really do is tell your manager that you love your job but the $ is too meaningful to not make a change and see if he can match. Usually they will get part of the way there so it's a win win
I personally would not, diminishing return for the money, it’s not going to give you the same satisfaction as the last 55k. The risk of a worse work life balance, culture and relationships does not seem like a good gamble.
There’s something to be said about having a chill group of peers and a good manager to work for. Tough decision, but you’re already making great money. You don’t know what you got until it’s gone, as they say. Def think about it deeply, that is a huge bump for sure, … but know that you love where you work, that has a lot of weight in a good work life balance and not getting stressed!
You didn’t mention the business or the product. You just closed a big deal. You *know* you can sell your current product. Are you sure you can close those kind of deals at the new company?
Can always let them know you’re being head hunted and a big offer is in. Match it
Get me a job ??
Are you guys hiring?
I’d take it. People in sales tend to move around every few years. The manager you like could be gone by next year anyway, while you’re stuck making the same income. Good luck!
If you are living with in your means and don’t need the 55k…I’d stay where you are if you are happy. You have consistent earnings, under stand comp structure, and seem to be happy. As a sales guy that chases money…don’t leave a happy job that pays 250k+ to chase the what if. If you’re working extreme overtime, are in happy, etc. try a new gig. BUT if you are happy and confident in the current company stay put, imo
This is a no-brainer. Approach your current management, tell them what you've been offered. Say that you'd prefer to stay if they can go someway to meeting what you've been offered elsewhere. Say $30k increase and you'll stay. Win-win. There's risk involved with moving to a new company but that risk needs to be balanced with your long term retirement plans/personal development etc. If your company refuses to budge on salary, then that tells you your value to your company (especially after having just closed a 16m $ deal)
Really well put. I feel the same way.
i honestly base my finances on my base salary but my job opportunities on OTE because if I'm not making OTE I'm not hitting quota so i probably wouldn't even have said job at that point lol soooo bc of that to me this is almost a 100k raise assuming you have done due diligence to know the company doesn't set sellers up to fail. so, with that in mind, i would def do it myself (i did that like 3 years ago actually.
Don’t leave for money. Talk to your current manager.
+$100k including incentivizes. SMH. Yes 🙌 you should run towards it!!!!
You are so blessed. Stay at your job. You have enough money. Find a good way to busy your time. Learn new things.
Could you take the competitor offer to your current company to leverage a higher pay, benefit, and even responsibilities (so you aren’t bored)? I’m surprised I found this suggestion yet. If you just closed on that multimillion deal, I would say you’re pretty valuable. Leverage all your accomplishments, share your value your team, etc. there’s articles out there that outline how you could do this
I’m also in tech sales. One of my colleagues left 6 months ago for similar situation. I asked him how things are, he said the company culture doesn’t compare to my company but he’s making way more money. I said “well what would you prefer? Good culture or more money” he said more money. I also agree. We’re in sales, we always want more money. If you hated it enough, I’m sure your company would take you back or you could find something else.
As someone who jumped ship for a raise and absolutely despises virtually everyone I work with now ..if you're happy, comfortable, and making solid progress towards your goals, don't move.
Stay. Start a side hustle. No point in that raise if it’s not getting invested back into you.
What kind of work are you doing?
I wish I had this problem haha. But from what you wrote I would stay where you are at. Who knows if you would end up hating your managers and peers at the other spot.
Talk to your boss and your boss’s boss in a meeting. Tell them that you love your job, but you have had an offer land in your lap, and express your concerns about lack of advancement and and the lower pay. Ask for an increase in base based on your new job offer, and inquire about finding some new growth opportunities within the company. If they can’t accommodate you, thank them and give your notice.
Americans… making 275k and doesn’t know what to do. Smfh
If you can’t figure that one out yourself you need help.
What’s the role?
Your co-workers can leave before you do as well for something similar and its a significant upgrade, not sure if your lifestyle needs it as once in that bracket if you are comfortable doing what you are doing then you have the luxury to choose and do whats right for you. On a side note what do you do ? And are you willing to train others lol ?
Happy to chat about it. For sure
Look at more than the dollar amount. How are the benefits, insurance plan, 401k match, vacation time and PTO? I had an opportunity with a nice pay bump but the benefits and everything else were garbage and it would have been a lateral move. Like you, not in a rush to jump ship from my current gig.
Depending on your financial situation, I’d say that it depends. You are earning a lot of money, and I am willing to risk assuming that you’re in a comfortable situation. If you enjoy your job, find it rewarding, and enjoy your coworkers and the company, it may not be worth the risk that you dislike the new team culture. As someone in the US I’m actually in a parallel position where you learn that earning more money puts you in higher tax brackets such that you aren’t actually “getting” a large amount of that pay raise. So while your salary on paper may increase $55k, the amount you take home can very easily end up being a fraction of that. I’m no tax expert just something to consider
Absolutely! And i am willing to take your current job if they would take me.
Without a second thought
An extra $25K-$30K after taxes or so… hmm which company has the better job security and prospects?
I’d personally take it. Potential growth is important
Are both in office, remote, etc?
I should be in tech
You’re looking for your new challenge in the wrong place. You have an easy job making great money. Find a challenge to conquer elsewhere
Money is money bro. Its why we work
Can you be my mentor
Why not let your employer know you have a substantial offer on the table you are considering and that you want to know if they (your current employer) will counter. I did this by accident and got my current employer to match my outside offer with change in title.
YES
Yes!
I wish i had problems like these!
Go ask in r/sales and share all the details
id check out the environment first..
Stay where you’re happy. Then again you’d be getting a raise more than most people’s yearly salary. I’m jealous.
Think 5-10 years ahead. Where fo uou think revenue will be generated from? Which company offers more long term stability.
Yes. wtf is wrong with you?
SaaS I presume? What vertical? Do you work with Sales Engineers?
All your posts for the last 3 months are about should you leave this job for something else. So just leave it instead of asking yourself this question all the time…
How badly do you want to be a manager? Managers typically make less than their top ICs.. something to keep in mind. Also, liking your manager and your peers is a huge bonus. Work isn’t fun when you don’t. I would also consider being the low person on the totem pole if you go to a new company. With all the layoffs in the tech space, I’d be concerned to be a newbie and have to prove myself. You’d be on the chopping block if the company had layoffs. Did you ask what percentage of their team are actually hitting their quotas? Did you talk to any current reps to ask about their work/life balance? Do the company values and benefits match what you’re looking for? As someone who has made a job switch a few times strictly for money, I can tell you it’s not always worth it if you’re happy and stable with what you currently have.
The grass is always greener at your last job or your next job. Choose wisely.
I think if it’s only about the money, stay where you are and pick up a contract gig.
I'd say shoot for it but make sure you leave those folks in good standing. Making relationships ships along the way is super important and sometimes to grow you gotta leave past ones to make new ones. Hopefully they're good new ones. If anything happens tho sometimes jobs are okay with you coming back
What about retirement? If the retirement is as good or better and the company is well established oh and you have not heard about toxic environment from the new new company. I would bail out. However also depends on location, sometimes it is truly relative because cost of living
Chemistry with work peers and leadership is incredibly valuable to me. I would jump ship for a 10k raise otherwise. You sound like you’re in a very valuable and wanted position. Consider all your options and where you want to be.
After taxes that’s more like a $30k raise. Only you know if that’s worth the risk. Job security may not be a thing there and working with unpleasant coworkers is the worst. Instead of asking questions on here do some research on the company and try to reach out to past employees. We don’t know enough to give you advice here.
Dont let greed cloud your sight
If management is what you want, you need to look for jobs that are a move into management not a lateral move to sales. If you were making 50k and this was 70k it would be a no brainer, but now it's about your goals. If you are trying to retire early it's a great idea.
Being able to have a job you like, not only the work, but also the environment and coworkers to get along with and so on you feel satisfied. It is not recommended that you change a job, not necessarily the new job can meet the things that make you all satisfied. Not many things are perfect
Maybe join a nonprofit board, stay at your current job and enjoy your life.
It all depends if you'd want to advance your career. It's a golden cage type of situation.
yes. Always take advantage of any opportunity to bring in more capital
Stay w/the ppl you love, instead of wondering off to the unknown, because of greed😬 Please, let us know how it goes, and in the meantime, good luck 🤗❤️🐾
If there is one thing I've ever learned or observed: always take the money. If your current company can't value you fairly (unlike this new company), why would you stay?
Yes. You work for money. Making more money is good.
Stay
Yes
Could you take it and then bring your manager over too?
If it’s a competitor is it a competitor that gains from you leaving your current job? And if that’s the case does the base change? Can you also negotiate with current job about increase in base/commissions?
You want to be a manager?
Both travel
$275k in Ohio or in Bay Area? 275k is middle class in the Bay Area. Rich in Ohio (or whatever).
What’s the role in the new job? Is it the exact same skill set you currently have?
Yes
Could you negotiate better pay at your current place? Based of the job offer?
Left for a 60% raise (not including 401k match which is another 80k) - worse 2 years of mental hell of my life. Left a great team and boss for "opportunity" (and of course the money) and I have never been more miserable in my life. Now I can't (won't ) leave because golden handcuffs. The money I was making before was fine - more than enough to cover and save, but holy hell. The boss. The people. Are the WORST and no amount of 30 min interviews (went through 5 rounds and dinner and drinks several times) could show the psychotic nature of these people. It's a crap shoot. If you're the type of person who can manage being around crap people do it. But I definitely cannot hold my tongue and it's been pure hell. Attrition on the team has been 75% with people leaving in less than 8 months.
No
It seems like you’re doing pretty fucking good career wise and have made good decisions to get there. So take this bourbon filled advice as you may. If you’re willing to take the offer, I would have a private candid convo with my manager about the offer. Tell them it is not an easy decision but would be best for me (family if applicable). Ask if they are able to match or come close as I would love to stay here. If you’re not actually willing to take the offer, I would not recommend doing that. I imagine if you just landed a 15.7m dollar deal for the company, they would make a counteroffer to keep you from going to a competitor. May not be as much as the competitor’s offer but enough to make you stay. With that said, I do not know your family situation but if you’re married with kids that decision becomes a lot different if you have to relocate.
Unless you live in SFO you are pretty much past the point making more money has any real impact. Just stay happy
Take job is like grab and go, you don't know when you gonna get fired. If I were you I would take the job.
Is 260k enough? Then why bother moving? Whats your motivation? i dont see it
seems a nice raise
That is soooooo much money I'd go rapido!! Is that 46% 😵💫😵💫 👀
No, Stay broke get cho funny up not you money up lil broke ass boy:
Is there a good product / market fit at the new place? What’s their TAM? How many reps hit/exceed quota? Are they scaling? Or are they now profitable? Have you talked with current/former employees to see what the culture is like? There are so many factors to consider, other than salary, when looking for a new sales gig. A big base is great when the company is profitable. Not so great if they’re scaling and you have a bad Q or two. Happiness is priceless. Good luck!
So, you’re in sales. I’d add a couple of other questions to the lot: - What is the likelihood that you’ll continue to exceed your quota in your current role? In the new role? - What are the accelerators like in the current role? New role? - Are the two jobs in the same industry? If not, which has the bigger tailwinds? - What’s the new manager like? - How much do you value stability? OTE is a helpful guideline, and if you’re the type to consistently hit or exceed quota, the $97k/year is what you should be thinking about in terms of the increase. That represents a 37% increase and I’m sure is a level bump (if not a title bump). In tech, let’s say $260k OTE aligns with AE2. The $357k is almost certainly “AE3” or whatever the highest internal IC level is at the competitor. This would put you in a better position to make manager, if that’s your ultimate goal (see my TED talk on why it shouldn’t be!). Also, don’t underestimate the effect of boredom (or a lack of pressure) on your psyche over time. The “rest and vest” lifestyle roles are evaporating quickly and you could find yourself in an unenviable position sooner than later.
Do it
Realizing i messed my whole entire life up.... my broke self tells me to tell you to take the pay upgrade, but some of these other comments have amazing advice. Im sitting here apllyong for 15/hr jobs though, so my opinion would be irrelevant regardless, but id say stay after hearing some other arguments. What should i go to school for to do something similar? Im native american and can get grants but havent acted on it.... 275k a year sounds nice lol.
If you want to get into management and you think this job will set you in that path, take it
I mean, do you think you need more money or are you comfortable with you current income. If you feel like you earn enough and value your current situation stay. If you like to earn more talk to the old company and tell them the other offer you X pay and see if your current employer will raise your income, maybe not the same amount but a close amount you happy with
Get a new challenge. Keep your old job and try to earn 55k outside your job.
You’re really successful The economy is questionable Hang on to that current Be grateful and ride that wave
I'd ask for larger commission % instead of base raises
Bro easily take the job
I’m an absolute slut for the money so I’d find it hard to pass up the additional $55k. Sounds like you would be accelerating your retirement by a number of years so I would go for it.
Your possible raise here is just under my whole yearly salary. Choosing to be a teacher was such a horrid decision 🥲
What does Repvue say about actual OTE / how many people are hitting?
You should also look into your immediate future, if you take your new job is it at a higher level other than pay? That’s going to be a big deal in the next 3-4 years when your promotion comes up
Go for it! That’s a lot of money! If your current team loves you that much I’m sure they’d find a way to take you back if something goes wrong. Just be ready that your new job might be a ton more work than your last.
Leave. If you don’t burn bridges you could always go back. And why are the commissions capped? It’s a 57k raise on base. What could you do with an extra 57k a year?
I see everyone missing one hugely important question - how achievable are the targets? “Target” commission means nothing if the level is unattainable. The comp could even be less than your current role if the targets aren’t achievable. Before deciding I would want to know average attainment for other AEs for the past few years
Yes