- Chartered Jobs Newsletter
- Posts
- €60k to stay in practice or disappear into a PLC😍🏧
€60k to stay in practice or disappear into a PLC😍🏧
Oi oi!
Back to bread and butter today (jobs, cash, advice) but first, a quick update.
We’re working on the new website and the plan is to launch it in two weeks. Our current updated jobs are at 90, and you can see them here. We’re hoping the new changes will bring it back to 250+ each week which will give you a central place to assess your options.
An Observation on Cash 💰 💸
Nobody wants you to get paid more than me. It’s the reason we set this up. I want to warn you that I’ve noticed in our interactions here and on Insta that the lines are getting blurry between wanting to get paid what you’re worth and wanting the maximum cash. There is definitely a balance between cash and other important factors like job satisfaction and career growth. I’ll walk you through what I mean.
You shouldn’t take €55k if the market rate in Dublin is €60k at the average level.
You should take €60k if you really like the company and the manager you’ll be working for. It’s worth the extra €5-7k annually in the long run.
You shouldn’t go cold on a job because it’s offering you €62k and Johnny who is friends with one of the lads is after getting offered €72k, a 20% bonus and a coppers gold card to sign onto his job.
Getting paid the top amount (€65k+) to me is more about timing than a reflection of your CV/quality/ability. There was a girl I knew well in work who was dead sound but not good at her job. Interviewed for a start-up and was working as a financial accountant in the team. The start-up was in trouble when she joined but she wanted out of big 4. Got 1/100th of a percent in a share option. Getting 1/100th of a percent is hard to comprehend until the company sold for ~$25 billion and she got €280k 😂
The reason I told you that story is so you understand that a lot of really high salary or pay outcomes you hear about are down to timing and luck, not something that is in your control.
I’ll bore you to sleep with this next sentence, so if you have anything important to do in the next hour don’t read it:
You would be much better off working for a good manager and taking less money (within reason) than getting paid the top level cash. For every €5k reduction you take, it’s going to cost you approx €50 a week.
Annual | Monthly Net | Annual cost |
---|---|---|
55,000 | 3,378 | - |
60,000 | 3,593 | 2,580 |
65,000 | 3,807 | 2,568 |
70,000 | 4,022 | 2,580 |
Now to the jobs.
This is a bog standard good exit job. The only thing that annoyed me was they put “The Rewards” in at the end. This is pseudo psychology of “oh if we put reward they’ll be more likely to take the job”. You’ll be more likely to take the job if you had an impressive manager to work for. Decent job, good perks. Def worth a look.
A lot of my old friends loved accountancy but hated the Big 4 bureaucracy and long hours. This is a job to stay in practice in a 2 partner firm in Dublin. If you like accounting but hate the big 4, slide into this link.
Chat next week you fine thang.
Yours in jobs,
BM & TF
PS. Here’s some useful free resources
Reply