When I watched NBA games, I knew LeBron James and other superstars would take pay cut to accept skillful players with relatively low salaries in order to build a strong team.
However top actuaries will not lower their salaries and some big firms will not offer average salaries on DWS in order to take entry to intermediate level analysts for senior level positions because of lack of experience.
If you are an entry level analyst with good technical skills, will you take a pay cut for a senior level position elsewhere for more technical and interesting work or the chance to work with top actuaries?
I have seen many users talked about Manhattan, so let's use it as an example.
65k in Manhattan for a senior analyst position in a big firm will be worth less than 50k in a small city in Nebraska for an entry level position after COL adjustment. But you will get a lot of growth opportunity and salary increase potential in New York if you do a good job there.
However top actuaries will not lower their salaries and some big firms will not offer average salaries on DWS in order to take entry to intermediate level analysts for senior level positions because of lack of experience.
If you are an entry level analyst with good technical skills, will you take a pay cut for a senior level position elsewhere for more technical and interesting work or the chance to work with top actuaries?
I have seen many users talked about Manhattan, so let's use it as an example.
65k in Manhattan for a senior analyst position in a big firm will be worth less than 50k in a small city in Nebraska for an entry level position after COL adjustment. But you will get a lot of growth opportunity and salary increase potential in New York if you do a good job there.
Would you consider taking paycut if you can get promoted to a higher level position?