Among 2 job offers, which would be best choice? One that pays high or one that has career growth?
Wonderful question! Here is my view on it. If you're looking for a more short term job, go for the one that pays more. If you want to stay there a while, pick career growth! Also, look at different factors! 401Ks, retirement and benefits are all important as well.
This is a good question that lot of job seekers might be pondering over to have an answer of. In my view, the answer could depend on your own situation and choices. Some people prefer high paying jobs and don't care for job security / building a career in a particular industry. These kind of people will also not hesitate to switch over between different industries / job sectors when they get a better high paying opportunity, regardless of the fact that how much of a career growth option this job offers. Thus they plan and care for the short term.
Others, who are more careful and risk averse, would prefer a wise decision of making a career growth by establishing them in a particular job industry. These kind of people do so because they have improvised in themselves market demanding professional skills and are always in a lookout to polish and improve their capabilities to be more productive and rewarding. These people are the long term planners and they in my view are more successful.
I would say career growth. Though the high pay seems like a good incentive now, you have the potential to level up to that same pay grade, maybe even more, in a place that offers career growth.
It depends on you future goals. I plan to have my own small business in the future so I would take as much pay and experience as quickly as I can.
Career growth for sure. One mistake I made in my career was taking the higher paying cushy office job. I now realize that while it has been nice, it has also caused my career to stagnate. If I had taken the other position offered, I would have a lot more career options and likely a higher pay level by now. You have to think strategically when choosing a job. I did not, and am paying the price.
It depends if one is older without dependents and their health is adequate perhaps the high paying job would be the one to consider. Since they may indeed be in the career for a relatively short time and their healthcare needs are minimal.
However, never underestimate any position that offers career growth, especially if it also offers significant fringe benefits like significant healthcare, pension, life insurance, liability insurance, education benefits, daycare options, etc.
I began as an assistant professor long ago. Due to the factor of career growth through the years I was promoted through positions such as a director of an institute, program manager and subsequently to the illusive title of Senior Professor & Psychologist; that is, after rising and doing time as an Associate and Full Professor. Now as a Senior Professor and Psychologist I am allowed the freedom and flexibility to pursue my research and travel the world.
My "brats" are about to graduate college and have saved tens of thousands by a significant fringe benefit I have for dependents. I was comatose for a month and my medical bills approached a cool million; yet I paid very little and more importantly, I thank God, that I had such comprehensive healthcare including rehabilitation at the hospital. Despite being brain dead and comatose I am still granted life insurance in an amount equal to 5 times my annual salary, approximately 1/2 million despite my rather significant actuary risks. Although I love my college position and I do not think of it as work, and I can't imagining retiring; I have a non-contributory pension that is positioned to supply for all of my and my Better Half's needs as we enter our twilight. Yet although in 2 years I will reach full-retirement need; at the rather young hockey playing age of 26 for the 2nd go around our sun I can't imagine retiring...
I believe it is in one's interest and loved ones' interest to be a part of a career that offers these fringe benefits above and beyond salary.
I'd say it depends... I'd lean towards job growth but if you are strapped for cash you may want to take the money and get the experience and then look for the job growth job a few years down the road, etc. Sometimes a job that you think might not have job growth actually fools you and there is a potential and vice-versa. If I could pay the bills though with the job growth employment, I think I'd take that job.
I believe it depends on where the individual is with regard to their financial obligations as well as their age group.
An older person who has children, a mortgage, and car notes to pay may not be in a position to take a lower salary with "growth potential" where as young recent college grad with no family obligations has time to take a long range approach to their career.
Surely that would depend upon whether or not the Career-growth job is something you'd really like to do. If it is, then my advice would be to take it. If it is not, take the high-paid job, save some money, then pay for and undertake a course or courses which will get you into the Career-growth job you really want.
It is always best and more profitable in the long run to choose a job that has career growth and potentialities. When one obtains a job, the most important aspect of the job is does that job has future potential and avenues for advancement. If the job does not have any prospects for future advancement and avenues for growth, then it would be career suicide to take such a job.
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