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Reply to "New Job Offer-30% Less than Current Salary"
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[quote=Anonymous]My total comp currently is structured as $300k base and 70k “bonus” that’s more deferred comp to the end of year but guaranteed. If I leave before end of year they give me the $70k prorated. I can get a little more on top based on performance, but it’s tiny. I get an 7 percent retirement contribution regardless of what I contribute. New job definitely pegs bonus to performance. There’s a path to partnership but I’m guessing comp is not that high. The managing partner left for government last year and his salary was $2 million. It’s a boutique organization. It’s been a long and slow courtship so we haven’t discussed money. I’m really ready for a fresh start and apart from the money it’s a very good fit. I’m also ready to negotiate and walk away if needed. I’m in decent shape financially. We can make our bills work with the offer but wouldn’t be saving much (I save about $75k a year now and max my 401k)[/quote]
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