Ever a good idea to take a paycut?

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josemnz83
Posts: 62
Joined: Tue Jun 19, 2012 4:19 pm

Ever a good idea to take a paycut?

Postby josemnz83 » Thu Jun 21, 2012 6:07 pm

I would like to know if you guys think taking a paycut is ever a good idea. Here is my scenario:
Right now I'm making about 52k a year. I'm getting a stipend because I'm multilingual. However I have many responsibilities and work under direct supervision. I also have to work tons on the weekend!

I have been offered a "leadership" opportunity at another place, but I would only be racking in 46,500, which is almost 5,000 less than my current job. The base salary is the same as my current job but I would not be receiving the multilingual stipend. This job would not require that I work as much on the weekends and i would have more autonomy while doing my job (i.e. I could potentially sneak in a few breaks to study if I go to LS part time).

What would you guys do in my situation? I have job offers at both places and have a week to decide! Is it ever a good idea to take a paycut?

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laxbrah420
Posts: 2748
Joined: Fri Aug 12, 2011 1:53 am

Re: Ever a good idea to take a paycut?

Postby laxbrah420 » Thu Jun 21, 2012 6:09 pm

You need to value your leisure time per hour and then optimize it, brah.

Renzo
Posts: 4265
Joined: Tue Dec 02, 2008 3:23 am

Re: Ever a good idea to take a paycut?

Postby Renzo » Thu Jun 21, 2012 6:34 pm

You always have to balance pay, stability, advancement opportunity, enjoyment of your work, and workload. So yeah, there are plenty of times it makes sense to take a paycut.

Yossarian79
Posts: 48
Joined: Tue Jan 10, 2012 3:34 pm

Re: Ever a good idea to take a paycut?

Postby Yossarian79 » Thu Jun 21, 2012 6:39 pm

Going to law school certainly qualifies as "taking a pay cut." And then some.

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dingbat
Posts: 4976
Joined: Wed Jan 11, 2012 9:12 pm

Re: Ever a good idea to take a paycut?

Postby dingbat » Thu Jun 21, 2012 7:16 pm

Yossarian79 wrote:Going to law school certainly qualifies as "taking a pay cut." And then some.

+1




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