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Hello ZSers,
I have been shortlisted for AC role and my HR discussion is scheduled next week.
1. Need some insights on the maximum and minimum ctc (fixed and variable) that can be offered for 3 yoe (all relevant) . My current ctc is 7.2 (6.5 fixed) . Tech stack - Big data and AWS developer.
2. Is there any joining bonus. If yes , what should be the ask.
Any inputs will be very helpful for me to go with my expectations to the HR. Thanks!
ZS Associates
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I would absolutely stay where you are for as long as possible.
Omg this. In house can be a nightmare. And financially, you have the better gig. In house bonuses are fairytales sometimes lol trust me
Stay. Makes very little sense to leave your current role, unless you think the Lawfirm is about to push you out (think PIP, bad reviews, etc.).
Goodness - stay where you are! You have a good thing going. Don’t blow it.
I would stay and wait for a better in-house offer if that’s where you want to go. For what it’s worth you make good money for 1600 hours. Plus you would have commuting/leaving the house costs for a lower salary.
Why take an approx $100K pay cut for an opportunity to jump on a ladder to climb to upper management? In the 10-15 years it’ll take to you get to upper management (which is uncertain outcome) you’ll have, conservatively, made $700K in post tax income you wouldn’t gave otherwise made.
That’s your nest egg.
I could see a rational basis if your payoff for upper management is really large. But even if a senior legal person makes $500K/yr (of which a substantial portion will likely be in non-cash comp) it’ll take a while to catch up to where you would be had you made the extra $70K/yr post-tax and invested it for 10+ years.
This is a great perspective. I think the upper limit would be about $800k/year at this specific company, but it would be for what is essentially 24/7 on call work at that point, and that’s why I’m a bit torn. A few years of that and I could be done working, or stick with what I’m doing and work a while longer under easier conditions.
Why do you want to leave/why did you start looking?
It’s very possible you will wind up working way more hours in house. You have a great gig, and I wouldn’t leave for this.
YOE?
Good question, should have listed that. 13 YOE
I would take either job because both are better than what I’m currently doing, and I’ve been trying so hard to go in-house for over 10 years. Nice to see some people can get such gigs.
I’d stay where you are. I’m in house with a small law dept making close to the salary you mentioned. I left because I was at a firm where the billables were 2,000 and I was regularly billing 2200-2300. I don’t work weekends typically but I do work most evenings and if I were to track billing, it would for sure be more than 1600 hours. I very much miss the resources of a firm and if I could find a gig like what you mentioned that’s remote with no billable requirement, I’d consider going back!
I fear you may be right!!
Stay there. It sounds like a dream job!
Very silly to leave unless you’re hoping this in house role will bring a bigger one later
Stay. Most go in house for lifestyle upgrade but you have a good work life balance and pay.
Which will be more interesting? Which would you enjoy more? I mean, once you start making that kind of money more pay becomes meaningless-the main question is do you love what you’re doing now?
I think it depends on what year you are and what the end goal is. If you want to be GC or Deputy GC at a company like this, I would probably jump even though this isn't a particularly ideal in-house offer when compared to your current gig. If you're just looking to go in-house because you want better work-life balance and get away from the billable rat race, I'd probably stay put given how solid your current situation is.
I think the calculus changes a little bit if you're an 8th-10th year. Do you have a manageable shot at partner? Do you want to make partner here, if you could? How long would the commute be and does that adversely affect your home life (kids, spouse, etc.)?
I would stay where you are unless you know that your current firm would hire you back if things don't work out.
You current job sounds like a dream! STAY!