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Hedge Fund > New York, United States

Python Quant Developer

Location: New York, United States

Hedge Fund > New York

Quant Developer C++

Salary: USD 400000 - 500000
Location: New York

Hedge Fund > New York, United States

Quantitative Software Engineer

Location: New York, United States

Investment Banking > United States

Quantitative Risk Analyst - AVP

Salary: USD 100000 - 140000
Location: United States

Investment Banking > United States

Quantitative Risk Analyst - Vice President

Salary: USD 135000 - 180000
Location: United States

Investment Banking > United States

Quantitative Risk Associate

Salary: USD 75000 - 100000
Location: United States

Hedge Fund > New York, United States

DevOps Lead - Systematic Trading

Salary: USD 600000 - 900000
Location: New York, United States

Hedge Fund > New York City

Quant Strategist

Salary: USD 450000 - 650000
Location: New York City

Hedge Fund > Chicago

SWE Data

Salary: USD 500000 - 1000000
Location: Chicago

Asset Management > Boston

Quant Researcher - PhD Graduate

Salary: USD 175000 - 290000
Location: Boston

Hedge Fund > Hong Kong

DevOps Engineer

Salary: USD 250000 - 300000
Location: Hong Kong

ID: 19

Posted: 30-06-2022

Python Quant Developer

Type

Permanent

Industry

Hedge Fund

Location

New York, United States

Quantitative Developer/Software Engineer

Leading Systematic Hedge Fund

New York – On-site

$400k - $700k+ Total Comp(CASH)

 

We are representing one of the world's leading hedge funds with some of the strongest returns in the industry over the last few years. We are seeking the brightest minds to solve some of the most complex problems in quant investing.

 

This fund offers tremendous opportunities to grow both your technical & communicative skills further, whilst also providing a work environment harbouring some of the most dedicated and hardworking individuals in the market. With a flat structure, significant autonomy, and small, agile pods, you have the ability to make a huge impact on the return’s potential for both the business AND yourself!

 

We are looking for an experienced Quantitative Developer who can partner directly with the trading and research teams and play a key role in research, development of investment strategies, and other mission-critical projects to ensure this business continues to remain at the very top.

 

You will need:

 

·       At least 2+ years of experience working in a quantitative development role or similar(Software Dev/Engineer)

·       You must be able to demonstrate high proficiency in both writing and reviewing Python

·       Ideally you will have experience working with quantitative researchers and large development teams in previous roles.

·       Bachelor’s Degree in Computer Science, Mathematics, Statistics, or related field with demonstrably strong CS fundamentals

·       Practical understanding of SDLC best practices

·       Strong communicator - being able to work across multiple role types in engineering teams is critical.

·       Front office experience with any Asset Class is highly desirable, though not essential

 

If you’re interested in learning more about this position, in addition to the other dozen that we have available across other highly rated hedge funds – apply now!

 

ID: 18

Posted: 09-06-2022

Quant Developer C++

Salary

USD 400000 - 500000

Type

Permanent

Industry

Hedge Fund

Location

New York

Quantitative Developer (C++)

New York

Well-backed Startup Hedge Fund

 

Evolve is supporting a 10-person start-up hedge fund who are backed by one of the largest multi-manager platforms in the industry.

 

They are looking for a strong C++ Quant Developer to join them in NYC.

 

The team focuses on systematic strategies primarily trading macro-related instruments such as global stock index futures, bond futures, currencies, and commodities,

 

You will work closely with portfolio managers & researchers to build cutting-edge trading & research infrastructure, and to expand it to cover new products and markets. You will have the opportunity to work on the entire pipeline of technologies to manage market data, execution, simulation, data transformation, positions, and risk.

 

ID: 14

Posted: 23-05-2022

Quantitative Software Engineer

Type

Permanent

Industry

Hedge Fund

Location

New York, United States

Quantitative Software Engineer 

New York 

$400-$600k Total Compensation

Leading Hedge Fund 

 

This fund is known for having one of the best cultures globally when it comes to employee satisfaction and is always looking for strong Quantitative Software Engineers for their front office trading teams.

Their culture is well known for putting employees first and placing attention to career growth and continued learning. As a result, you won't often see someone working here on the open job market. 

There are multiple openings within this fund. 

 

You will need:

  • Top Tier Math (or similar) Undergraduate Degree.
  • Strong interest in quantitative trading and finance
  • Ideally, industry or big tech internships with return offers. 
  • No previous finance experience is required. 

You can come from:

  • A big tech firm with a strong engineering reputation 
  • Another hedge fund
  • A bank or financial institution 

 

 

ID: 12

Posted: 21-05-2022

Quantitative Risk Analyst - AVP

Salary

USD 100000 - 140000

Type

Permanent

Industry

Investment Banking

Location

United States

Quant Analyst - AVP 

Leading Investment Bank

New York, Tampa, Dallas

$100,000 - $140,000

 

Do you want to work on designing, building, and implementing risk models for one of the world’s leading investment banks?

 

We’re currently working on behalf of a risk team who are looking for Quant Analysts to join teams across New York, Tampa, and Dallas. This is the perfect opportunity for someone either completing a PhD program or with a few years experience within a related role who wants to build a career in investment banking working and work with a global team of highly experienced Quants and Risk Managers. 

 

Responsibilities

 

  • Research and develop models for a variety of front office risk models as well as macro-economic stress scenarios
  • Develop and implement methodologies, algorithms, and tools to support model performance and stability 
  • Create technical and non-technical documentation
  • Work with other quants and risk professionals to develop cutting-edge analytical solutions for senior management 

 

Skills

 

  • Academic background in a quantitative subject such as Mathematics, Statistics, Financial Engineering, Physics, or Computer Science (ideally MSc or PhD)
  • Experience with Python, R, SAS, or C/C++ either in academia or a commercial environment 
  • Knowledge of ML libraries such as SciPy, NumPy, Pandas, Tensorflow, or Keras would be advantageous

ID: 11

Posted: 21-05-2022

Quantitative Risk Analyst - Vice President

Salary

USD 135000 - 180000

Type

Permanent

Industry

Investment Banking

Location

United States

Quant Analyst - VP

Leading Investment Bank

New York, Tampa, Dallas

$135,000 - $180,000

 

Do you want to work on designing, building, and implementing risk models for one of the world’s leading investment banks?

 

We’re currently working on behalf of a risk team who are looking for Quant Analysts to join teams across New York, Tampa, and Dallas. This is the perfect opportunity for someone with a few years experience working within a risk function or a related role and wants to continue building a career in investment banking and work with a global team of highly experience Quants and Risk Managers.

 

Responsibilities

 

  • Research and develop models for a variety of front office risk models as well as macro-economic stress scenarios
  • Develop and implement methodologies, algorithms, and tools to support model performance and stability 
  • Create technical and non-technical documentation
  • Work with other quants and risk professionals to develop cutting-edge analytical solutions for senior management 

 

Skills

 

  • Academic background in a quantitative subject such as Mathematics, Statistics, Financial Engineering, Physics, or Computer Science (ideally MSc or PhD)
  • Experience with Python, R, SAS, or C/C++ either in academia or a commercial environment 
  • Knowledge of ML libraries such as SciPy, NumPy, Pandas, Tensorflow, or Keras would be advantageous

ID: 10

Posted: 11-05-2022

Quantitative Risk Associate

Salary

USD 75000 - 100000

Type

Permanent

Industry

Investment Banking

Location

United States

Quant Analyst

Leading Investment Bank

New York, Tampa, Dallas

$75,000 – $100,000

 

Do you want to work on designing, building, and implementing risk models for one of the world’s leading investment banks?

 

We’re currently working on behalf of a risk team who are looking for Quant Analysts to join teams across New York, Tampa, and Dallas. This is the perfect opportunity for someone either leaving academia or early on in their career and wants to build a career in investment banking and work with a global team of highly experience Quants and Risk Managers.

 

Responsibilities

 

  • Research and develop models for a variety of front office risk models as well as macro-economic stress scenarios
  • Develop and implement methodologies, algorithms, and tools to support model performance and stability 
  • Create technical and non-technical documentation
  • Work with other quants and risk professionals to develop cutting-edge analytical solutions for senior management 

 

Skills

 

  • Academic background in a quantitative subject such as Mathematics, Statistics, Financial Engineering, Physics, or Computer Science (ideally MSc or PhD)
  • Experience with Python, R, SAS, or C/C++ either in academia or a commercial environment 
  • Knowledge of ML libraries such as SciPy, NumPy, Pandas, Tensorflow, or Keras would be advantageous

ID: 9

Posted: 17-02-2022

DevOps Lead - Systematic Trading

Salary

USD 600000 - 900000

Type

Permanent

Industry

Hedge Fund

Location

New York, United States

Systems Engineering/DevOps Lead 

Systematic Hedge Fund 

NYC

$600 - $900k total compensation

 

Evolve Group is working on behalf of a top-three systematic hedge fund looking to add a Lead Engineer to their global trade technology team in NYC. This team is responsible for all of the trading infrastructure globally including the fully automated trading system, market data research platform and the non-market data feeds. You will mentor several junior engineers within the team and take charge of their growth and development. You will work closely with traders, developers, and quantitative researchers to extend, support, and maintain several key systems that are global and live around the clock including

This is an opportunity to join one of the most sought-after trading environments globally with huge career and personal growth upside. 

 

  1. Qualifications:

    • Extensive Linux knowledge required

    • Working knowledge of networking fundamentals required

    • Experience of system configuration management required

    • Prior automatic trading systems experience required

    • Python and shell scripting experience a plus

    • FIX protocol and Market data is a plus

    • Systems administrative experience is a plus

    • Familiar with tools/systems like git, bamboo, Jenkins, Kafka, AWS, is a plus

    • Experience with databases, SQL, kdb is a plus

ID: 15

Posted: 25-01-2022

Quant Strategist

Salary

USD 450000 - 650000

Type

Permanent

Industry

Hedge Fund

Location

New York City

Quant Strategist - Portfolio Construction

New York

Hedge Fund - $20bn AUM 

 

Evolve Group is supporting a Hedge Fund who are building a new systematic investing team based in New York. This fund has grown significantly over the last 4 years doubling twice in headcount. This is an opportunity to get into a brand new team and build P&L from the ground up. 

You will lead portfolio construction and optimization efforts for the team. In collaboration with the alpha researchers, you will identify the realizable alpha across the team’s signal library, using state-of-the-art machine learning techniques to combine alphas and systematically construct these into portfolios. Working with the quantitative developers you will design and implement the team’s optimization & backtesting platform.

 

You will need:

  • Extensive equity market neutral portfolio construction experience: alpha combination, risk modelling and optimization

    a must have (transaction cost modelling a nice-to-have)

  • Exceptional quantitative and programming skills, particularly Python

  • A scientific approach to research; process orientated and methodical in implementing a creative and rigorous research

    agenda

  • Entrepreneurial in identifying and realizing new PL impacting opportunities; highly self-motivated to succeed

  • Ownership mentality with a proven track record of realizing alpha through deployed quantitative systematic

    strategies/portfolios

 

 

ID: 16

Posted: 10-12-2021

SWE Data

Salary

USD 500000 - 1000000

Type

Permanent

Industry

Hedge Fund

Location

Chicago

Software Engineer - Systematic Trading 

Chicago or New York 

$500k - $1mm total comp

 

Evolve is partnered with one of the genuinely highest performing Quant teams in the market. This is a small and highly collaborative team within one of the most well-known hedge funds globally. 

This team is looking to add Software Engineers to their central infrastructure team. This team is responsible for all of the real-time data processing and infra within a live trading environment currently doing 15,000 queries per second. 

This is one of the highest impact teams within the hedge fund whose work is visible all the way up the org chart daily.  This group builds a firm wide data platform of real-time/historical data, including reference data, market data, risk models, and derived quantitative statistical terms. Multiple types of instruments, including equity, futures, bond, and swaps, are supported.

 

  • Real-time data processes/data streaming 
  • C++ and Python Stack
  • High academic achievement 

ID: 1

Posted: 31-08-2021

Quant Researcher - PhD Graduate

Salary

USD 175000 - 290000

Type

Permanent

Industry

Asset Management

Location

Boston

Quantitative Researcher - Hedge Fund

Entry Level Post PhD - No finance experience required.

Boston

 

I'm working with a highly collaborative fund with a very academic heritage looking to bring several PhD level Quant Researchers into the firm.

 

This is an excellent opportunity for anyone recently completed or due to complete a PhD in a Quantitative discipline from a Top-tier School.

 

NO Finance experience is required. Curious minds looking to solve complex problems are required!

 

You will be mentored individually throughout your career and given access to multiple teams and investment strategies in the early stages to find your best fit.

 

You will have the ability to script in at least one coding language, ideally Python.

 

This firm has no glass ceilings and unlimited career growth as well as a highly collaborative culture. Entrepreneurial, self motivated problem solvers are required. 

ID: 17

Posted: 09-07-2021

DevOps Engineer

Salary

USD 250000 - 300000

Type

Permanent

Industry

Hedge Fund

Location

Hong Kong

DevOps - Systems Engineering 

Hong Kong 

Hedge Fund 

 

Evolve Group is supporting a leading systematic fund in a search for their global systems technology team in Hong Kong. 

This DevOps Engineer will work closely with traders, developers, and quantitative researchers to extend, support, and maintain several key systems that are global and live around the clock including:

  • The fully automated trading system

  • The market data research platform

  • The non-market data feeds and research platform

Responsibilities:

  • Follow best practices while monitoring the global systems; consistently work to improve availability and reliability

  • Work with traders and quant researchers to provide best tools and effective environment for daily trading and

    research work

  • Partner with the development team to identify and develop tools for automation in all phases of development cycles,

    including rigorous testing, release, and deployment process

ready to take your career to the next level?

we partner with some of the most sought-after funds, banks and trading environments in the market.

get in touch

market insights

May 30, 2022

Tech workers at companies like Amazon, Uber, and Block are seeing up to $400,000 vanish from their compensation as stocks continue to plunge

Big Tech's penchant for luring top talent with stock coupled with the latest market...

May 30, 2022

The rise of Crypto Funds: Why hedge funds are turning to cryptocurrency

Cryptocurrencies like Bitcoin have dominated the news cycle for years now...

May 30, 2022

5 reasons to never consider that counteroffer

A higher salary is always a welcome career development, but it’s never just about the money.

May 30, 2022

Tech workers at companies like Amazon, Uber, and Block are seeing up to $400,000 vanish from their compensation as stocks continue to plunge

Big Tech's penchant for luring top talent with stock coupled with the latest market volatility has sent some employees' total compensation spiraling.

In recent years, engineers and other tech workers have been recruited to Big Tech Firms with offers that include large chunks of equity known as restricted stock units, or RSUs. The value of the award is frequently determined by the market price on the day they are given. This can make for some large, compelling offers when tech stocks are skyrocketing.

But now the market has crashed, decimating many tech workers' salaries and costing some hundreds of thousands in compensation.

"I think it used to be super reliable joining a large company that the RSUs were at least worth what they said they would be worth and hopefully more," an Uber employee told Insider. "Seems like the new thinking is they're probably not going to be worth anywhere close to what they are at grant, so you should probably plan like you don't have that money."

Some companies have rushed to retain employees by issuing millions of more shares to level out their compensation. However, not all companies take this route since it dilutes current stockholders and often prompts investors to publicly express their dissatisfaction.

As a result, employees at companies like Amazon, Uber, and Block (formerly known as Square) told Insider they've seen more than two-thirds of their total compensation vanish. Additionally, they said the crash impacts their retention, with some adding that this makes for the perfect time to jump ship for a new company. 

"It has definitely reduced my stickiness to the job," a Block employee said. "There's far less to lose if I were to leave to a competing offer somewhere else."

The employees requested to remain anonymous because they're not authorized to speak to the press, but their identities are known to Insider.

 

Nearly half a million dollars vanishing from compensation

Since tech employees tend to receive high offers, the losses are equally large if they've accepted an offer that is equity-heavy.

Amazon is the most well-known example of offering equity-heavy compensation. According to regulatory papers seen by Insider, the business awarded 1.4 million RSUs in the first quarter of this year, more than twice the number issued in the same period of 2021. Recently, Amazon shares lost nearly all of their pandemic gains, which has resulted in massive losses for employees hired at its peak.

An employee at Amazon, who's been working there less than a year, told Insider he's lost over $250,000 in total compensation due to the stock dip.

"My fundamental issue is that the way Amazon puts together compensation plans is in no way designed to be beneficial for the employees," the employee told Insider.

Uber has been hit equally hard. The firm faced a $5.9 billion loss last week after it released its first-quarter earnings, and Uber CEO Dara Khosrowshahi told employees the firm will begin to "treat hiring as a privilege" as the company aims to cut costs.

One Uber employee told Insider their initial offer included roughly $178,000 in RSUs, which were granted at a market price of $60.64. Today, Uber is trading at $23.11 a share, which means the current value of the employee's RSUs has plummeted to just $67,836.

"I have never been used to relying on that RSU money," the Uber employee said. "But I could see how a lot of people have maybe been living on that compensation now have the rug pulled out from under them and could be in trouble."

Similarly, one Block employee told Insider he was granted $250,000 in RSUs at a market price of $234. At the time of writing, Block is trading at $73 a share, which makes his equity worth roughly $78,000 today. Another Block employee was also awarded his options at roughly $200 a share and has lost a whopping $400,000 in total compensation.

"It's definitely a tough pill to swallow," one Block employee told Insider. "It is somewhat deflating to look at the numbers so I try not to."

Since the employees still make good money, they don't want to come off as complaining. More so, it's the uncertainty that's the issue. The Uber employee pointed out that many people have mortgages and families to support under the assumption they'd be making the amount they were offered.

"It's hard to plan your life around unpredictable compensation," they said. 

 

Some tech employees might look to jump ship

The plummeting stock prices present a low bar for competing offers at rival companies, and many might look to jump ship. In fact, some insiders said this might be the best time to defect to a new company if you can find a decent offer.

"If you can get a new job, it's actually a good time to do it because getting a huge grant when the stock is low has a lot of upside," an Uber employee said.

This could prove beneficial for tech firms who aren't as equity-heavy with their offers, as spiraling stocks prove that this compensation model might be completely unsustainable.

"Even if you like the company, and even if you like your job, and even if you negotiated a great compensation plan, something that is as completely out of your control as the stock price can end up making it a place that you can't stay for more than two years," an Amazon employee said. "There's something fundamentally broken there."

 

Source: Business Insider.

May 30, 2022

The rise of Crypto Funds: Why hedge funds are turning to cryptocurrency

Cryptocurrencies like Bitcoin have dominated the news cycle for years now. 

The reception they get is a mixed bag - with tales of both exponential returns and devastating losses. By now, it’s likely that even your mom knows about the person who’s spent the last decade trying to find the harddrive worth millions of dollars in BTC. 

Despite the volatility of crypto markets, many hedge funds now invest heavily in the development of Crypto Funds. This marks a sea change following many years of well-known hedge fund founders and senior execs stepping up to spread anti-crypto sentiment. 

So what’s changed? Why are crypto markets shaping up to be a hotbed of hedge fund investment and trading activity? Let’s take a look.

 

First mover advantage

Despite crypto funds feeling like a recent phenomenon, the first hedge fund that ventured 

But Morehead was way ahead of the pack, and interest in Crypto Funds didn’t peak until a few years ago. According to the 2020 PWC Crypto Hedge Fund Report, the majority of crypto hedge funds were opened during or after 2018, a full 5 years after Morehead’s initial venture.  

 

Rising popularity of crypto hedge funds

Cryptocurrencies have captured the public interest because they allow almost anyone to enter into the world of asset trading. But that doesn’t explain why large-sum investors like hedge funds have developed an interest in this unregulated and often unpredictable market.

It goes without saying that the appetite to get involved is impacted by the many accounts of sharp rises in value. BTC isn’t the only crypto asset to experience value increase percentiles in the thousand - other popular cryptocurrencies like Ethereum and XRP have similar stories to tell.

Media hype around crypto gains and losses is focused on the tendency towards huge short term value fluctuations. But hedge funds don’t think short-term. Long term, high-growth investments are highly sought after.

And despite what the news cycle might say, crypto is proving to deliver on that front. Take Ether (ETH), the native Ethereum token. Since being valued at $0.311 on launch in 2015, late 2021 saw the cost of a single ETH reach as high as $4800 in late 2021, with this predicted to increase again in 2022.

Cryptocurrencies haven’t been particularly well understood in the past, even by leading hedge funds. It’s a different picture in 2022 as analysis around the year-on-year gains of cryptocurrencies continues to build. 

 

Hedge funds were wrong about cryptocurrencies

Increased understanding is probably the main driver towards the changing attitude hedge funds have to cryptocurrency. To quote Ken Griffin, the founder of leading hedge fund Citadel, in 2021:

 “Crypto has been one of the great stories in finance over the course of the last 15 years. And I’ll be clear, I’ve been in the naysayer camp over that period of time, but the crypto market today has a market capitalization of about $2 trillion in round numbers, which tells you that I haven’t been right on this call.”

The returns of pioneer funds like Pantera’s can’t be argued with. Hedge fund leaders like Griffin who as recently as 2017 stated he gets “worried that people that are buying bitcoins don’t really understand what they’re participating in” have been holding their hands up. They made the wrong call, and they know it.

The world of trading and investment moves fast though. The value of the crypto market has increased annually, and it didn’t take funds like Citadel long to 180 and get involved when it became apparent tokens like BTC and ETH were a lucrative way to diversify their portfolio.

 

How is the market shift impacting investors? 

If the continued rise of open crypto funds on the market is anything to go by, it’s been well accepted by those with the capital to buy in.

As with any other hedge fund, investors are attracted to the additional security of managing these higher risk investments through a channel that offers extensive knowledge and experience. For an asset type as relatively new and misunderstood as crypto, the value of a hedge fund's financial acumen increases a thousandfold.

The other security comes from the fact that via a crypto fund, an investor adds multiple currencies to their portfolio. Crypto funds are constantly analyzing new and existing ICOs to offer a cross-currency investment option that’s incredibly popular with people that want to ride the crypto train with large sums, but don’t want the large risk that comes with sole trading.

It should be noted here that crypto funds aren’t risk-free. They’re a safer investment, but they are still an investment. A growth in returns is never guaranteed.

 

The crypto fund market today

The number of hedge funds foraying into cryptocurrencies has increased every year, with 2022 set to be pivotal. A 2021 survey by EY found that almost a third of hedge fund managers planned to add crypto assets to their portfolio in the future.

With large funds like Jump Trading and Brevan Howard Asset Management now investing heavily in crypto, it’s safe to say that we’re firmly out of the canaries and coal mines phase of the crypto fund story and it will be fascinating to see what the coming years bring. 

Do you think crypto funds will endure as successful hedge fund digital asset investments? Or do you still see it as a bubble that will burst?

May 30, 2022

5 reasons to never consider that counteroffer

A higher salary is always a welcome career development, but it’s never just about the money. People choose to change jobs for many reasons - such as to pursue a more fulfilling career, to escape toxic cultures, or because the old one feels stale and they want something new.

At a time where many are moving on, and hiring is more competitive than ever - employers will do all they can to avoid letting key players go. This has led to a rise in counteroffers.

Is it a good idea to take one? That depends. Only you know whether your current job is fulfilling and if that’s ever likely to change.

However, we know a lot about counteroffers. If you’re considering one right now - here are 5 reasons why you may want to think again.

 

1. Wanting you to stay doesn’t mean you’re truly valued

Here’s the thing about hiring new staff: it’s expensive. 

Employers are faced with going through a lengthy hiring process, paying fees, training new people, getting to the point where they actually perform, all while never knowing if it’s going to pay off. So from an employer’s perspective, what’s a salary rise for a single employee? It’s not personal - it’s simply good business sense.

Now let’s think about that potential new employer. If you went through an agency, they could be forking out over $25k before your training even starts. Despite the entire process being costly and uncertain, they still chose you. A decent indicator that they see your value from the start.

 

2.Things may not stay the same after accepting a counteroffer

Accepting an offer elsewhere speaks volumes. It shows that you’re not really engaged with your current position, and this could erode trust with managers and colleagues.

Some workplaces take a toxic turn once word gets out that someone landed a salary-upping counteroffer. Even if such matters should be confidential, that’s much easier said than done.

Many choose the counteroffer because a new workplace is intimidating - especially if you’ve worked somewhere for a long time. The great unknown is a scary place, after all. But like any risk, the payoff can also be highly rewarding and satisfying.

 

3. A counteroffer isn’t the same as a pay rise

Earning a pay rise feels great because you get a sense of recognition, achievement, and progression. You might think that a salary hike from a counteroffer brings the same positive feelings, but sadly it usually doesn’t.

A counteroffer doesn’t feature that same sense of accomplishment, especially once the elation from an increased pay packet fades. This is because they’re often seen as a way of throwing money at that problem until it goes away (even by the person accepting).

Do you think the counteroffer is the start of a new chapter? Or an attempt to buy your loyalty?

A job offer, on the other hand, is always an achievement. You got chosen. It may or may not be a great move long term, but you’ll always experience greater fulfillment by achieving a new milestone in your professional journey.

 

4. Counteroffers could compromise your job security

Since the events of 2020, most people have now experienced working through a tough market. And when times call to consider who may be unaffordable organizational bloat, replacement costs aren’t a consideration. Salaries are. Engagement levels are. Relationships are.

It’s a good idea to ask yourself: is the business you’re in now future-proof? Are they keeping up with a fast changing society? Or are they holding on to days gone by? 

This will help you understand the likelihood of being exposed if the winds of fortune change and hard choices need to be made. Sometimes the perceived safer option actually is not.

 

5. New challenges can progress your career 

New challenges, environments, clients, and cultures create chances to learn and develop in your career.

If you’re frustrated in your current position but can’t pinpoint exactly what’s wrong, you’ve probably plateaued. There’s every chance you’ve reached the limits of where you can go in your current company - something a counteroffer likely can’t fix.

You can’t climb a career ladder by standing still, so it’s on you to decide whether that’s important for you. Each time you take a step, you go a little further. Growth isn’t found in your comfort zone.

 

Still not sure what to do?

As compelling as each of these arguments may be, we’re still recruiters. There’s no hiding our bias. And what we say doesn’t actually matter, because taking or refusing a counteroffer is entirely up to you. 

Remember, you can push back on that counteroffer too. Ask questions. Explain why you’re considering leaving and put the onus on your employer to provide assurance that your problems will be addressed. Discern the credibility and substance of how they respond, a few well-placed words may be a shallow indication of true intent when time is of the essence and cash is on the line.

If they genuinely value you and want you to stay because they know what they stand to lose - it should be an extremely constructive conversation. If it’s not, then you’ll know what your final decision should be.

 

Good luck out there.

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Doing the right thing is an all the time thing, not a sometimes thing. People trust us with their careers, integrity is paramount to our success.

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