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jgage
Newbie
Joined: 09 May 2008
Posts: 1
Career Advice: +0/-0
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 Posted: Fri May 09, 2008 4:57 am Post subject: When does it make sense to take a pay cut for advancement? |
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I'm on the bottom rung of a career in the health care field...a spot I've occupied for the past 16 years. It pays very well considering how much I have to actually work (about $65K), but I've always longed for an administrative position. I recently finished my undergraduate degree in health care management, and this has opened some doors for me.
Here's the problem: I'm being offered a management job with a company in another state, but the most they are willing to pay me, at least initially, is about $8K less than what I make now. On the surface, should be an easy decision. The first thing I thought (but fortunately did not say) was "hell no!" They've given me some time to think about it. My pride was the first thing, and then I thought about the practicality of it. How much sense would it make to take a job with a lot more responsibility with a lot less pay? The more I thought about it, however, the more I'm not so sure. I have no administrative experience...just a degree, so they're taking a chance on me. Second, if I could suck up the pay cut for a year or two...I could use the position and experience to move in to a better administrative position with a bigger company that paid more.
I'm just not sure what to do. The job and location are perfect. I just don't know if I can handle that big of a pay cut. All I'm thinking about right now is what I could get rid of to make up for that lost $8K.
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Randy
Expert
Joined: 03 Mar 2007
Posts: 406
Career Advice: +2/-1
Location: Vinton, VA
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lexa10881
Expert
Joined: 24 Mar 2007
Posts: 1789
Career Advice: +1/-0
Location: Ohio
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