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My gut feeling is if they offered it to you, the "unqualified" and "too young" aspects are a lie. Unless they've misjudged you terribly, they've surmised you'll figure it out quickly enough. You've never done the job. They've hired for it (or something similar to it) before. Don't look down your nose at that vote of confidence. My one word of caution is that university salaries tend to increase more slowly than salaries out in the marketplace and with the economics we're looking at for the next few years, "pay cut" now might be "deep pay cut" a few years from now. If you've got an exit strategy should that pinchpoint squeeze you too tightly I say go for it.