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20% more isn't worth being 300% busier for me. If I were you, I would do some pretty hefty negotiation before I accepted that offer. Especially if you like your job.
Rising Star
It’s not really a 20% increase since the new role doesn’t include a bonus structure. Overall, the total comp works out to about the same. The upside is the equity if it does go IPO.
Risks are necessary to achieve your goals. The worse that can happen is that you don’t like the job and will have to get another one.
Rising Star
That’s true. The thing is, I actually don’t mind my current job at all. It’s just that it doesn’t offer much upward mobility.
With which firm do you see a clearer runaway toward your long-term growth? Are opportunities to climb higher limited or even crowded, does the new company seem mature enough that they have a clear vision of how they need to grow in 5-10years and can you identify what opportunities that could mean for you?
Pro
Considering your 5-10yr plan is a good way to weigh the benefits
Pro
Sounds like its not a good tradeoff especially if your current position is much cushier.
Rising Star
True. The only real draw is the potential upside from the equity if it does IPO. But the elephant in the room is whether it actually will, and on what timeline.
Pro
It depends on where you’re at in life. Can your personal life take the time hit? 401k is a big downside. If you take the match difference that would reduce overall comp a bit to get the equivalent contribution amount to your current job.
My gut would say no to the new opp, but I also am very protective of my personal time.
Rising Star
You're right. With the reduced 401(k) match, the total comp would probably end up lower than what I’m making now. After sleeping on it, I’m also leaning toward staying in my current role. Thx for the advice!
Conversation Starter
Depends on your stage of life. If you are young I’d take the risk.