Should I Switch Jobs?

Compare total compensation including salary, bonus, commute, pension, benefits, and tax.

Tax assumptions

Current role

New role

Annual gain
+$7,780.00

The new role is worth about $7,780.00 more per year after factoring in all costs.

Switch looks favourable
The numbers support the move, but consider non-financial factors too.
Monthly difference
+$648.33
Current total value
$40,840
New total value
$48,620
Tax rate used
28%

Results are estimates for informational purposes only. Not financial advice.

How to use this calculator

  1. 1Enter your effective tax rate (combined income + payroll).
  2. 2Fill in your current role: salary, bonus, commute, pension, benefits.
  3. 3Do the same for the new offer.
  4. 4Compare the annual gain and use the verdict as one input among many.

What is a job switch calculator?

A job switch calculator compares the true total compensation of two roles, not just the headline salary. It accounts for base pay, bonus, equity, pension matching, healthcare, commute costs, work-from-home savings, parking, and tax differences (especially across state or country lines). The headline 'pay rise' is often half the real story — and sometimes a 'higher salary' offer ends up worse after you account for everything that disappears.

How to use this calculator

Enter your current role's full compensation (salary, bonus, benefits, commute) and the same fields for the new role. The calculator returns net annual compensation for each, the true difference in your bank account, and the year-one cost of any sign-on bonus or relocation.

What people forget when comparing job offers

Equity vesting schedules (a 4-year cliff means you may walk away from significant value), 401(k)/pension match (a 6% match on $100k is $6,000/year of free money), commute costs and time (a 1-hour-each-way commute is 500 hours/year — a part-time job's worth of unpaid time), healthcare premiums and deductibles, paid time off, and any non-compete or repayment clauses on bonuses. Always model the true difference, not the salary line.

FAQ

Results are estimates for informational purposes only.