It doesn't necessarily improve future career prospects but probably will as long as I do well in the position.
It is an indefinite move where I don't have a guaranteed return date, but I see myself doing it for 2-4 years then coming back to the states.
When I come back to the states, I'll get bumped back up to my original compensation.
Company doesn't provide for a housing allowance or anything, but they set me up with tax advisors, immigration support, and someone to help find a housing.
Thanks for the input so far!
If this was me, I would want this in writing:
1. How long will I be staying in Barcelona. I would set up a definite time instead of open ended. Something like I want to return in 2 years, but with option to renew every year if things works out. Not sure if this is possible with your company.
2. When I return to US, will I have my old job? Will I have my compensation back? This is important because what happen you return, and they offer you at a reduced salary, or your present job is not available - they have hire someone. Now what will you do?
Understand that company moves on, and people moves on. In 2-4 years, your boss in the US may not be with the company anymore, so now you are dealing with a new boss/manager. New manager said yeah your deal 2 years ago was with so and so, and since it is not written, I do not need to honor it. Too bad we already hire this new kid to replace you. Heck, this company maybe bought out by another company, and you are dealing with a new management team.
Sounds like a great opportunity, but think long term and make sure you have plan B incase it does not work out.
"It doesn't necessarily improve future career prospects but probably will as long as I do well in the position."
Personally, I would not do it if it does not improve future career. I will need something very solid in return before taking a 25% paycut. Such as after this Barcelona adventure in 2 years, I am not coming back to my old position, instead I will be the manager that comes with higher compensation.