Tough Decision
1) Stay in Hong Kong (same company), return to frontline commercial banking job, salary increase: 17%. Timing: March 2007. Familiar role but sales target is going to be tough to reach. Limited Prospect.
2) Go to China (same company), also frontline commercial banking job, but in Beijing, salary increase: 17% plus China allowance plus free housing in Beijing; Timing: March 2007. Uncertainty exists in terms of customers type and management role (with local PRC subordinates). Prospect unknown but connections in Beijing and exposure in the PRC considered useful.
3) Quit current job and join a US hedge fund in an asset management role; stay in Hong Kong with some travelling, salary increase: >60%. Timing: End of Nov or Early Dec latest. Bonus for 2006 and options in hand would be compensated by a joining fee. I am unfamiliar with this hedge fund, despite that it is a large one. Considered high risk in terms of job security. Totally new exposure.
Considerations:
a) I am not a person who like to change job; I have been with my current company since I graudated (12 years already). My CV hasn't been updated since then.
b) I like to have more exposure in different countries
c) My baby is due in January 2007
d) Job stability is important to me, but that could be compensated by a premium in salary.
e) I don't want too much pressure but some challenges are OK for me.
f) This one is common to all people: I love salary increase!
g) I hope to have some leisure time for myself.
If you were me, how would you choose?