A difference between 30 and 40% is not very high
In addition, with the new company you have to relocate, which has its own problems (what's the cost of housing in the new location?)
Further, they are going to give you a higher designation and higher pay after 4 months, which will definately out you higher than the 40% the new company is offering.
About your being the bottom of the bracket, you need to speak to your manager and hr to work out how your career can be accelerated and what you need todo to move up faster.
Taking up the counter offer after resigning is not unethical. Sure, you put the new company in a spot as they have to recruit someone else, but you need to think of your future, not theirs
Having said that, you also need to see a few other things :
- is your existing company looking at this as a blackmail ? Meaning they are reluctantly offering you a rise ?
- how will this affect your future relation with your company, managers and others ? You can't keep threatening to leave every year
- the possiblity of future growth in your current industry (as compared to the niche you were going to join) and the chance of moving from here to elsewhere in the next 2-4 years
The decision is going to be on a combination of all of that
In addition, with the new company you have to relocate, which has its own problems (what's the cost of housing in the new location?)
Further, they are going to give you a higher designation and higher pay after 4 months, which will definately out you higher than the 40% the new company is offering.
About your being the bottom of the bracket, you need to speak to your manager and hr to work out how your career can be accelerated and what you need todo to move up faster.
Taking up the counter offer after resigning is not unethical. Sure, you put the new company in a spot as they have to recruit someone else, but you need to think of your future, not theirs
Having said that, you also need to see a few other things :
- is your existing company looking at this as a blackmail ? Meaning they are reluctantly offering you a rise ?
- how will this affect your future relation with your company, managers and others ? You can't keep threatening to leave every year
- the possiblity of future growth in your current industry (as compared to the niche you were going to join) and the chance of moving from here to elsewhere in the next 2-4 years
The decision is going to be on a combination of all of that