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Started By
Message
Higher paying job offer
Posted on 3/14/24 at 9:50 am
Posted on 3/14/24 at 9:50 am
Situation: 13 years into my career and I’ve hit a plateau it seems at my current level as a senior accountant. There is a job opening for an sec reporting manager at a much smaller company but with a 33%+ raise. Also chance to become controller in 5 years. I’ve done non-sec reporting before for about 4 years, but I’m pretty intimidated by this role. What do y’all think? Is the stress of this role worth the raise? My family (wife and 3 kids) have been barely keeping our heads above water financially these last 3 years so the money would be great, but I’m already stressed about the job and I haven’t even taken it. Do I simply need to man up and do the work for my family…or should I keep looking for options?
22
Posted on 3/14/24 at 9:55 am to OT_Marvel
Sounds like you are already stressed in your current position with money that has no room for upward growth. Is there any reason to think there isn’t stability at the new company and position? If stability is not a concern, it seems like a no brainer to me and a challenge that may be stressful work wise but alleviate personal life money stress.
Posted on 3/14/24 at 10:03 am to OT_Marvel
Take the raise!
Posted on 3/14/24 at 10:08 am to OT_Marvel
I was stressed about taking my new job. Turns out it was for nothing. This job is better in every way than my previous job
Posted on 3/14/24 at 10:18 am to OT_Marvel
quote:
My family (wife and 3 kids) have been barely keeping our heads above water financially these last 3 years
Will that extra 33% in salary actually get you to where you are more comfortable and can alleviate the money stress, or will it be a lesser impact? Will there be additional costs to switch companies? Longer commute, more gas, higher insurance costs...
quote:
Do I simply need to man up and do the work for my family
This is not an easy answer for anyone that does not know you. Sure, the additional money may alleviate the financial stress, but you could also be introducing new stressors in your household because you are unsure of yourself in the new role. It could be nothing, and you are just hard on yourself; or it could be huge and you underperform and the company decides to go in a different direction.
You also have to factor int he work/life balance aspect. You are already established in your current routine, how will this new job affect your household routine. Longer/shorter commute, time at home, work from home, brining your work home...
Posted on 3/14/24 at 10:21 am to OT_Marvel
No offense, but you should have been made partner by now. 13 years and capped as a senior? Start looking around.
Man up for sure. Don't let fear of the unknown keep you from achieving success.
Man up for sure. Don't let fear of the unknown keep you from achieving success.
Posted on 3/14/24 at 10:26 am to OT_Marvel
If you make decisions based on getting more money to make things easier, they will never get easier. You'll always be chasing more. Until you can find a way to be financially content with your current situation, nothing will change.
The less stressful path would be work where you are happy with low stress and find ways to cut expenses. Many things we feel are "needs" these days are not needs at all (especially with kids). I have been there as I am a single income household with a stay at home wife and 3 kids. We all want to give our kids everything but they really need so very little. Food, basic clothing and attention. That is about it. We struggle with that a lot and I constantly have to ask my wife if we "really need" something she wants to get for the kids.
The less stressful path would be work where you are happy with low stress and find ways to cut expenses. Many things we feel are "needs" these days are not needs at all (especially with kids). I have been there as I am a single income household with a stay at home wife and 3 kids. We all want to give our kids everything but they really need so very little. Food, basic clothing and attention. That is about it. We struggle with that a lot and I constantly have to ask my wife if we "really need" something she wants to get for the kids.
Posted on 3/14/24 at 10:57 am to OT_Marvel
Take the raise and see if current company counters.
Posted on 3/14/24 at 11:11 am to OT_Marvel
You are probably aware of all this, but that's a job that has a lot of peaks and valleys in terms of WLB. Plenty of downtown during the quarter but lots of hours at quarter end. There can obviously be a big difference between SEC reporting and non SEC reporting, so I get why you're wary about it. If it's an established company that has good processes in place then you should be fine. If they're new to SEC reporting then there really is no telling what it will look like. Could be fine. Could be a dumpster fire.
At any rate, if you hate it after a year or two, then move on. It's not like jobs in accounting are hard to come by.
At any rate, if you hate it after a year or two, then move on. It's not like jobs in accounting are hard to come by.
Posted on 3/14/24 at 11:28 am to OT_Marvel
Stress is something you need to deal with regardless of this job or that job. Meditation helps but that’s for another post.
They would not have offered you the position if they thought you couldn’t do the job.
What does wife think?
They would not have offered you the position if they thought you couldn’t do the job.
What does wife think?
This post was edited on 3/14/24 at 1:40 pm
Posted on 3/14/24 at 11:39 am to TJack
Wife doesn’t love the idea of an extra 15 minutes to my commute. But she also understands we need a change in order to live the life we want. My current work life balance is great. But that is because I’ve pretty much stopped progressing and have mastered my current work.
It might seem trivial, but my biggest fear is missing out on dinner time/play time at home. My dad always made it a priority to be at home for dinner and I want to do that also. Once the kids are grown and gone, I won’t be as stressed about this part of a job.
It might seem trivial, but my biggest fear is missing out on dinner time/play time at home. My dad always made it a priority to be at home for dinner and I want to do that also. Once the kids are grown and gone, I won’t be as stressed about this part of a job.
Posted on 3/14/24 at 11:50 am to OT_Marvel
Depends on the market you’re in and what your other options are. I wouldn’t be too worried about the role itself if there is someone there that will train you on the SEC reporting components.
Posted on 3/14/24 at 12:05 pm to OT_Marvel
I feel like if y’all are broke and you turn down a big raise because of “stress” your wife will resent you for it
Posted on 3/14/24 at 12:55 pm to OT_Marvel
If youve been a senior accountant for a while you should be looking at controller roles now, not have to wait for another 5 years. Even if its an assistant controller role at a larger company but certainly sole controller role at smaller/mid-size companies.
If you really dont want to be an SEC reporting manager then dont do it. I've worked in finance at private equity owned companies last 11-12ish years now and being a controller or assistant/divisional controller is really not bad roles at all to fill. None of them were overworked at all.
If you really dont want to be an SEC reporting manager then dont do it. I've worked in finance at private equity owned companies last 11-12ish years now and being a controller or assistant/divisional controller is really not bad roles at all to fill. None of them were overworked at all.
This post was edited on 3/14/24 at 12:58 pm
Posted on 3/14/24 at 1:11 pm to OT_Marvel
In your position, accepting the offer isn't a end of career decision. I'd suggest taking the job (once you've researched the company etc) and give it a couple years. Then re-evaluate. Not only can you look elsewhere, but you'll have additional meat in your resume.
"You miss 100% of the shots you don't take." ~ Michael Scott (Wayne Gretzky)
"You miss 100% of the shots you don't take." ~ Michael Scott (Wayne Gretzky)
Posted on 3/14/24 at 2:49 pm to OT_Marvel
33% is a hell of a lot. Have you been applying elsewhere? I'm not sure why you are trying to take such a big step unless you have been applying elsewhere with no luck?
They are only going to hire you if they are somewhat confident you can do the job, so there's that...
IMO you also have money problems at home if you are squeezed that tight. Its not always good to have more money all of a sudden and already have places to spend it.
They are only going to hire you if they are somewhat confident you can do the job, so there's that...
IMO you also have money problems at home if you are squeezed that tight. Its not always good to have more money all of a sudden and already have places to spend it.
Posted on 3/14/24 at 3:59 pm to OT_Marvel
New jobs/promotions are never as hard as we initially think. Go for it. You'll be fine.
Posted on 3/14/24 at 4:24 pm to OT_Marvel
So you are capped out at your current job.
Another company offered you a big raise where the job you are taking is not a plateau. You are struggling financially. Expenses go up as kids age. If you salary is maxed out you need to consider cutting back or getting paid more.
Take the job. You can always quit if you hate it or go back to what you are doing.
Another company offered you a big raise where the job you are taking is not a plateau. You are struggling financially. Expenses go up as kids age. If you salary is maxed out you need to consider cutting back or getting paid more.
Take the job. You can always quit if you hate it or go back to what you are doing.
Posted on 3/15/24 at 7:17 am to OT_Marvel
Dude take the job. A buddy of mine is a sec reporter for a large accelerated filer and other than reporting windows has very low stress.
He did 8-9 years at a big four but hated the long weeks.
He did 8-9 years at a big four but hated the long weeks.
Posted on 3/15/24 at 9:06 am to baldona
quote:
33% is a hell of a lot.
Face value it's a big number...what's the actual dollar value increase?
OP...you've been stuck in a job where you aren't progressing...here's your opportunity to get back on the tracks. The financial pressure you are under seems to only reinforce the move (unless you have concerns of job stability, getting laid off in the new role).
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