I have the option of switching from a lead UX designer to a principle UX designer in my current company. How will this title change be looked upon by recruiters/hiring managers on LinkedIn or at the next company I apply to? Would the pay bands be higher or lower?

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It really depends on the company you are working for, but in general principle is better than lead.

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I have heard that growing as a principle can be a bit difficult but ultimately they have more stakes in project development and conception so yeah, they get paid more. Be mindful it is not a full leadership role but a fully devoted execution role. If the intention is to continue being a principle then more power to you. It if your looking to manage people, it may be a bit of a heavy shift

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