Klubbie
Recycles dryer sheets
Hello, I am looking for some advice about job changes and how to evaluate them when also trying to ER.
Just a little overview of my current situation and why I am looking for some insight. I am 31 years old with an MBA in finance and about 7 years work experience primarily in risk management. That time is split evenly between insurance and mortgage banking. I just received a call today about a position at another bank that would be a risk management role, but focused on model governance. So it would be a new career direction.
I currently work at a megacorp. I was "promoted" last year in title only and got no raise with it. My manager has admitted I am underpaid for the whole time I have worked there. Part of the reason for this is that when I got out of business school the job market was bad and I jumped on the first job I could find. But I am bitter about the 'promotion' with no raise. There are very positive things about my job though. The company gives a 5% 401k match and a 3% pension that they pay 4.5% interest credits on annually. So all in all I get about 8% retirement from the firm for only contributing 5% into my 401k. It's a pretty good deal.
The other issue in my current job is that I do not get a long at all with my boss's boss. Her and I simply do not get along. I think she is rude and unprofessional. She is the type of person who will bombard you with nasty emails and instant messages and then want to talk to you on the phone about what she has been yelling at you about electronically and when she speaks to you on the phone is is nice as can be. Needless to say, my relationship with her has been terrible. Top it off that she is incredibly caught up with office politics, both ones she creates herself and office politics of others. I am not exaggerating when I say she is the worst person I have ever had to work for, and quite frankly I think she is a vile human being.
My actual boss is someone who I have had an up and down relationship with. I worked for him for two years and spent the first 3/4 of last year under a different manager which is when I had to deal with the woman I described above. At times he has been the best boss I have had. At other times he has stepped on people for his own personal gain. But I do give him some credit as he has stepped up and done some things to try and help me since I started having to deal directly with his boss. That said, he and I have had some candid discussions about his boss and my relationship with her and he thinks that she does treat me differently than other people who are considered my peers.
All that being said, I still hesitate to accept the new position. I am trying to go over in my head what would be the appropriate salary to accept. I don't think I should accept a straight lateral salary since I would be losing out on some retirement income from the current 401K match and pension I receive, but how would you all weigh that against the misery of having to deal with someone who is a terrible manager and that you have a terrible relationship with? My career in my current firm is pretty dead in the water. I will probably not get a substantial raise at the megacorp without jumping ship. I am just trying to get some opinions and perspectives before I make a final decision.
Just a little overview of my current situation and why I am looking for some insight. I am 31 years old with an MBA in finance and about 7 years work experience primarily in risk management. That time is split evenly between insurance and mortgage banking. I just received a call today about a position at another bank that would be a risk management role, but focused on model governance. So it would be a new career direction.
I currently work at a megacorp. I was "promoted" last year in title only and got no raise with it. My manager has admitted I am underpaid for the whole time I have worked there. Part of the reason for this is that when I got out of business school the job market was bad and I jumped on the first job I could find. But I am bitter about the 'promotion' with no raise. There are very positive things about my job though. The company gives a 5% 401k match and a 3% pension that they pay 4.5% interest credits on annually. So all in all I get about 8% retirement from the firm for only contributing 5% into my 401k. It's a pretty good deal.
The other issue in my current job is that I do not get a long at all with my boss's boss. Her and I simply do not get along. I think she is rude and unprofessional. She is the type of person who will bombard you with nasty emails and instant messages and then want to talk to you on the phone about what she has been yelling at you about electronically and when she speaks to you on the phone is is nice as can be. Needless to say, my relationship with her has been terrible. Top it off that she is incredibly caught up with office politics, both ones she creates herself and office politics of others. I am not exaggerating when I say she is the worst person I have ever had to work for, and quite frankly I think she is a vile human being.
My actual boss is someone who I have had an up and down relationship with. I worked for him for two years and spent the first 3/4 of last year under a different manager which is when I had to deal with the woman I described above. At times he has been the best boss I have had. At other times he has stepped on people for his own personal gain. But I do give him some credit as he has stepped up and done some things to try and help me since I started having to deal directly with his boss. That said, he and I have had some candid discussions about his boss and my relationship with her and he thinks that she does treat me differently than other people who are considered my peers.
All that being said, I still hesitate to accept the new position. I am trying to go over in my head what would be the appropriate salary to accept. I don't think I should accept a straight lateral salary since I would be losing out on some retirement income from the current 401K match and pension I receive, but how would you all weigh that against the misery of having to deal with someone who is a terrible manager and that you have a terrible relationship with? My career in my current firm is pretty dead in the water. I will probably not get a substantial raise at the megacorp without jumping ship. I am just trying to get some opinions and perspectives before I make a final decision.