Acceptance With Grace. The best_case scenario__and honestly, the most common reaction__is that your boss will accept your resignation with understanding and sincere congratulations. Your manager will be happy to see that you're advancing your career and moving on to something bigger and better.
Tempting You to Stay. It's a reaction that's both good and bad: Your boss values you so much that he or she offers you a raise or promotion to stay. But it can leave you feeling conflicted: You have another great job lined up__but now that there's more money on the table, do you really want to leave your current position?