Move For the Money? Maybe a Bad Move.

During the last two years, demand has risen for experienced BV talent. There are many reasons why, but you would have to have been asleep not to have noticed. The law of supply and demand has pushed salary offers higher and higher.

It’s normal to want to earn more. No one can blame you for wanting a change that will improve your paycheck. There are things you should think about, though.

Employer expectations. When you pay a higher price for something, a car let’s say, you expect that it will have more features. Run better. Last longer. The same is true for the BV practice leader who pays more for talent. Unfortunately for you, those expectations are not always obvious. They exist, however, and deserve your careful investigation and questioning.

Your resume. One money-motivated move won’t likely be a problem. Even a second one might not. Sooner or later, you could find yourself in a box. You will have reasons (maybe you will call them “growth”) for every move. At some point, the reasons won’t matter if you encounter an interviewer (with a job you really want) who asks, “If you weren’t happy at any of these other practices, why do you think you would be happy working here?”

We aren’t saying that money shouldn’t play a role in your decision to make a move. We are saying that it should be much further down your list of reasons.

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