How significant was it? Looking at a 25k paycut, not sure if Im crazy or not. Going from 95k to 70k but for a team I would prefer.
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No don't do it. No team at TIAA is worth it. Once you join the other team you are going to quickly find out it's su-ks as well. Atleast you are making more now. Move up the pay scale n not down
Yeah, that is not a smart move on any level.
Are you smoking crack or trolling? You can’t possibly love TIAA that much to make $25K to stay there.
I took a $10K pay cut for a fully remote job and my quality of life has improved greatly. I couldn’t imagine ever voluntarily making less to stay there.
That's hilarious....you must be rich...why are you even working?
don’t do it. Remember a pay cut also affects your bonus and it also affects your retirement plan contribution amount so a $25,000 pay cut will be more like taking a $40,000 pay cut in the end when you consider total compensation.
Awww he-l nah!
$25k. Only if you are married and your spouse makes like 250k then sure.
I wouldn't take a pay cut especially here. Heck I'd sooner leave the firm for a role making the same salary or more than take a paycut.
HR would be mo--ns if they offer you 70k knowing you make 95k. Anything less than 90k offer from them is pathetic. I would fight well rather negotiate to get a salary match at the bare minimum.
Nope. Not one cent of a paycut in probably 7 transfers for me.
Most of mine were pay increases one recent one was a 1k increase along with one in my early career being the exact same salary but I had to get out of that toxic team with boring work and a micromanager so t was worth it.
Never ever take a pay cut. Especially that much money.
Heck no. That’s way too much of a pay cut. You would regret this immediately. I’m all for finding a better role and even for a pay cut, but it would take you years to get back financially to where you are.
It’s never advisable to take a pay cut for a new job, internally or externally, unless for extreme situations. Your purchasing power is already eroded due to lack of raise and 26% pay cut is absolutely ridiculous, especially for a company that will drop you at their convenience. Stick it out with the higher paying role; you’ll probably never recover finally as that’s the new anchor for any other raises/promotions/new outside roles.