Should I take higher paying job?

Question

I am a single, 24 year old and currently work for a small company (40 employees). However, I have been here since we were at about 10 employees. I make $36K/year + about $35K in commission. I love my job, the relaxed environment of a start up, and flexible work hours. This job is low stress for me and I feel like I am apart of something that could be big someday. My work is appreciated here and feel very secure at my job. 

However, I have been offered a job in the insurance industry that will pay 75K/year + commission. The average employees complete compensation is around $115K/year. Members of my family work in the same industry and could help me through the learning curve and getting started with the new career. 

I realize this is a nice problem to have but it has proven to be a very difficult decision for me. I am loyal to my current company but it is difficult to look past the almost double salary and long term future. I would also hate to leave the young company I am with only to see them grow into a billion dollar company someday. I would appreciate any feedback and response from people who have been in a similar situation.

wu_yakumo_fuji · Accepted Answer

Go for the new job.

By the time you are 30, you'll end up with an additional $200000. (just from financial aspect)

Right now, you are young enough to swap jobs without it being a big deal, but as you grow older and gain more commitments, it can be very difficult to pursue other options.  You'll have other responsibilities to think about.

? · Answer

The likelihood that your current company will grow from 40 employees to thousands is pretty small, most start ups fail.  Yours could succeed though, who knows?  You don't mention the industry, so It's tough to make that judgment call.

Insurance is a good business and isn't going anywhere anytime soon.  The fact that your base salary would be more than your entire compensation at your current employer says something.  

However, compensation includes more than just money (which you'll figure out in years to come).  What other benefits do each of these jobs offer?  You say that your current position is relatively laid back.  If you will be getting commission from insurance, you will be working in sales.  Insurance sales (especially life insurance) are tough and you wouldn't want to change carriers and fail.

This is a real issue for you, I wouldn't assume the new job is better just because of the increased monetary compensation.  

I would take the insurance job, but already work in that industry anyway.

Tessa · Answer

Top Ten Highest Paying Jobs in America 1. Anesthesiologists $184,340 2. Surgeons $184,150 3. Obstetricians & Gynecologists $178,040 4. Orthodontists $176,900 5. Oral & Maxillofacial Surgeons $164,760 6. Internists - General $160,860 7. Prosthodontists $158,940 8. Psychiatrists $149,990 9. Family & General Practitioners $149,850 10. Chief Executives $144,600

KILLACAL · Answer

I just accepted a conditional job offer from an insurance company today. Go for it bc insurance companies especially large ones will be around forever and are rather stable. I just graduated college in May worked in retail/lp for 6 months and just accepted a job with a 15k raise on top of what I was making at my former job. That's a large starting salary you would be enjoying and its hard to pass up those bigger paychecks but it aint all about money.

Anonymous · Answer

Our economy is bad and you never know what will happen tomorrow. You make more than the average American family now, you have a low stress job and you love it. 

The new job pays almost if not double what you are making now but will you like that job or ill it be more stressful. the question is what if you dont like the new job, will you be able to go back to your old one? better yet would they consider taking you back if you leave them?

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Should I take higher paying job?

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