More money now against a bigger track.
A worked example
Starting figures
- Salary
- $80,000
- Raise offered
- 6%
- Promotion increase
- 14%
- Growth after promotion
- 5%
- Growth without it
- 3%
- Years
- 8
What it returns
- Take the promotion
- $116,809
- Promotion path total
- $870,879
- Raise path total
- $754,070
How to read the results
With the defaults above, take the promotion works out at $116,809.