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[quote=Anonymous][quote=Anonymous]I could really use some advice.

I have what is - on paper - a great job (good title, salary, etc.).  In practice, it also like a lot about my job -  colleagues, flexibility, etc.  But, the company is not particularly stable and the management is in a certain amount of turmoil.  So, needless to say, I'm not feeling completely secure where I am.

With that background, I've been offered a new job, but at a significantly lower salary (say, $27k less).  This is at a larger, well known company (so, more stable I'd say).

I'm struggling with what to do.  I know there are pros and cons each way, but does anyone have any advice about taking a pay cut?  I'm worried about "re-setting" my salary and having to "dig out" of that new number as I progress at the new job…or later jobs.  But I'm also worried about the stability of my current company (there will be lay offs, etc.).

Help and thank you!
[/quote]

I did this once when leaving a startup to go to large company, $140 to $110K, but leaving a risky startup to a stable well known company, and had better benefits that made the jump really only a 15K drop.  But it was a huge mistake, mainly because a large stable company can be a career killer.  Much better to stay engaged in a smaller dynamic company with new and interesting work, than to coast in a big stable company.   Take a look around at the larger well known company, is it where you want to be 10 years from now?   you will get pegged and the large firms can be a stain on your resume.  Job market is not like it was 30 years ago when stability and loyalty were valued.[/quote]

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