To make a move to management or ride a single year of great money?
I am having a bit of a dilemma with my career. We get salary plus bonus based on YoY sales.
I had a kick ass year last year and got $25k bump to my base salary and this also comes with a larger bonus potential. Essentially we have different "levels" and the higher your level the more money you can get on your bonus.
Been in the job for about 5 years and I know long term I dont want to be in street sales. My company has a great track record of promoting from within. Id like to explore a management track.
Jobs at the level above me rarely open. In the time I've been with the company only 1 of the 10 manager positions have ever come open. The big boss has let me know there are 3 coming very soon due to 1 retirement and 2 promotions.
Next week I will get the biggest bonus check of my life. 3x what I was able to get prior. My biggest customer recently expanded and I will easily make the same figures for the next 10 to 11 months.
Its incredibly tempting to ride out the money and make more money than I've ever seen. However the leadership roles rarely come up. To have 3 in one shot open is as rare as Haleys comet. I dont want to hold out for the money and it takes another 5 years for a spot to open up.
My dilemma is do I ride out the year and make more money than id ever dreamed of or forgo that to advance my career the way id like? Management comes with a modest increase in salary but their bonus potential is about a third of what I can do now, and its entirely dependent on the team.
I dont NEED the bonus money to pay my bills, my salary covers us with a little cushion. But man its hard to not want to bank as much as possible. Any advice appreciated.