Internal raises feel like adjustments, but external offers feel like a reset. Two completely different ways your comp moves. Curious which one people rely on more.

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I went from $53k to $105k in 4 years right out of college by making a strategic move. I did this three more times to get to $215k. Now I’m staying put because I’ve gained the experiences and exposures along the way and built reputation and trust at my current employer. Rebuilding that doesn’t make sense now. Dog chase the dollar at a sacrifice to experience and skill accumulation but I recommend strategically hopping early and then settling in somewhere.

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Great stuff love hearing that

It seems like internal merit raises barely keep up with what inflation. Where the external pay increase really seems like a raise.

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I will say I listen to opportunities because you never know but you’re going to have to blow my socks off. Head of tax at Fortune 500 with enough remote/hybrid for me to see my kids some during the week.

To be clear, that’s what it would take to blow my socks off. That’s not my current job. #dreams

Internal for me. Moving feels too risky to me because I really like the people I work with and the flexibility I have. Currently up 50% after two internal raises and pretty happy with the trajectory.

I feel that

95k to 135k in one move.

Huge!

Personally, I never received a decent internal raise in my 20 year career. Every decent bump came from a new opportunity. This varies and others have different experiences. I just advise people to not stick around for too long waiting on a promised raise because long-term your career earning potential will suffer. If you find a place that actually gives real increases then it's a completely different story. Last year I landed the biggest jump in my career going from 114k to 155k while the most I ever received on an internal raise was 3%. Moving on was the only way I was able to grow my earning potential in my career.

You usually get a bigger pay bump by switching companies every 2-3 years or so.

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