Am I committing a career suicide?
Hey,
My CV looks like this:
- Fresh Grad (8 months)
- Currently: KPMG, Valuation, Senior Analyst
- Past:
- Procter & Gamble, finance, Intern
- Simon-Kucher, Consulting, Intern
- KPMG, Valuation, Intern
I have been offered a position as an investment senior associate with a salary that is 2.5 times my current salary and one level above my current role. My current salary is not enough to even rent a basic house.
However, the firm offering me this role is not well-known (a Portuguese real estate development firm that recently opened an office in my country), and that’s what makes me hesitant.
I am unsure about my career path, but I know that I enjoy finance. I value having options open to me, which KPMG provides. I understand that I have the potential to move to other companies if I choose to. Since I am still in the early stages of my career, I am unsure if joining such an unknown firm in my country would be beneficial for my future.
I would appreciate hearing your thoughts.
One response
Am I committing career suicide?
First of all, congratulations on receiving a great offer as an investment senior associate with a significant increase in salary and a higher role level. It’s understandable that you are feeling apprehensive about leaving a well-known firm like KPMG for a lesser-known Portuguese real estate development firm.
It’s important to consider a few factors before making your decision:
1. Financial Stability
If your current salary is not enough for basic needs like housing, it’s crucial to consider whether the increase in salary will significantly improve your financial stability. Sometimes, taking a risk for better financial opportunities can be beneficial in the long run.
2. Career Progression
Moving to a higher role level can provide you with valuable experience and skills that can benefit your future career progression. However, it’s essential to ensure that the new role aligns with your long-term career goals in finance.
3. Company Reputation
While the Portuguese real estate development firm may not be as well-known globally as KPMG, it’s essential to research the company’s reputation and growth potential in your country. Consider how this role may enhance your skills and experience in the finance sector.
4. Networking and Opportunities
Working in a smaller, lesser-known firm can provide you with ample networking opportunities and the chance to take on diverse responsibilities. It can also offer a more hands-on experience that may not be possible in larger firms like KPMG.
5. Career Flexibility
If you aren’t sure about your long-term career goals, keeping your options open is crucial. Consider whether the new role will allow you to explore different aspects of finance and provide you with the flexibility to pivot in the future.
In conclusion, it’s not necessarily committing career suicide to move from a well-known firm like KPMG to a lesser-known company. Consider your financial needs, career goals, and the potential for growth and learning in the new role. Ultimately, the decision should align with your long-term career aspirations and personal goals. Good luck with your decision-making process!