TS, I'm in a similar situation like you.

Same age, same salary and progression in the small company seemed stagnant.

I'm already holding a managerial position and I report to the boss directly.

Apart from me are a few managers and we are considered the same in hierarchy. Where can we advance to if the next position available is the MD which is held by the boss? Although there may be no progression in career, salary increment is decent at about 5 - 10% every year.

Thus, dilemma sets in cos I'll not be able to find another job elsewhere that pays similar or higher salary.

If I want a job with better career advancement, I'll have to settle for a pay cut of at least 20%, maybe 30%.

How?

Stay in my comfort zone or take the cut?