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Product Management at a large bank vs Business Analytics/S&O for FAANG? Recently started in the former role, but have interview calls for the latter just come up in my mailbox. Similar comp when adjusted for the different job locations. Can anyone help me with the Pros and Cons please. I know the roles are different, and so are the industries, need to understand difference career paths and difference in corporate cultures. JPMorgan Chase Google LinkedIn Citi
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Honestly titles are just ego at the end of the day. The only real point of promotions for me is the earning potential so easier choice for me is higher pay rather than higher title. Are the benefits better for you though?
Untrue. If you get a better title, then the job after this job may be a better job too because they will see that you already held the position of IT manager. It’s the long game.
If this job will give you the experience of the IT manager which allows you to move to another company later and earn much more then yes. If it’s a title but no experience upgrade then no it’s not a good move. Think about the next step and ask :” would this move enable me (in one year) to get another IT manager job somewhere else with a a substantial salary upgrade ?
I managed teams of a dozen plus while in customer service because it was the only way to make any money in that space. I moved to IT and make a lot more NOT managing anyone. I'm not sure you could pay me enough now to go back and manage people... and for less money? That'd be a hard no. But to your point... if it's going to allow you to make more in the future go for it. I just realized my happiness not having to manage other people was the better fit.
I did the opposite. I took a step down in title, but gained a 30% pay increase.
Same here..
Titles don’t mean a thing. Speaking from personal experience
Depends on industry. In the IT world helpdesk, technician, analyst, admin, engineer all have kinda specific meanings. But titles like Vice President don't mean diddly....And cause people to think more highly of themselves than they should. and don't get me started on the paragraph-length job titles no one cares to even finish reading!
nah brother, unless entire comp package + benefits are worth it as well. but title alone? no
I took a job with less responsibility for more money. M9 to I10. For me it's all about staying out of debt, taking care of my family, and building retirement wealth. If you are doing it to get the experience, I'm sure there are management opportunities where it would be more lateral monetarily for you. Check other opportunities before taking this one.
16k is nothing, think big picture if the role is for you. If you ask they will match it.
I am a big fan of an Excel spreadsheet with two columns: pros and cons. For all the people saying that titles don’t mean anything, I hear you but it’s the first thing that they look at on a resume when they’re scanning it under 60 seconds. Forget about keyword data pull. For me it’s generally the scope of the position and the money - that’s all. If I’m making less, the only reason is the pros have to outweigh enough to be able to justify it in one sentence.
If you want a title, start your own company and make yourself CEO title. Otherwise, stick with the place that pays you more, bro.
Reminds me of a guy who thought titles were meaningless and owned a pub. So he called himself the CEO of the pub.
Call me anything u want, just give me more money.
The most lucrative strategy is generally to take the lowest ranking position for the highest possible value. This increases your overall earning potential before you cap out and have to find a new gig to increase it.
Note: value is subjective and I value $$$. Sometimes you sacrifice $$$ for stability, good healthcare or to add something to your portfolio because of your values.
No way lower pay for a title,
that's like elon musk saying Im going work for NASA
I was offered 15K less to go from software architect to manager of engineering. Pushed back and ended up 5K lower. It gives me two good paths now though. Architect and Management to move forwards with.
Like it or not, titles matter. When that shows up on your resume, it stands out.
Less is not better. The company is the one giving you the title but not the worth.
If you can use it as a stepping stone on your resume. It may make sense in the long run.
Depends what your reason is for working. Mine was always to earn money. The more the better.
However if the lower paying job can lead to a much higher salary, the temporary hit might be worth it
Mate, title names are just another reason to put a load on your plate, stick with your worth and look around. As even with a promotion you still won't reach your current wage package, unless you are being pushed out or being made redundant, stay put. Everything around this time of year Hiring wise is little or far between. Wait till February to start looking. I hope this helps
Don't do it. Titles don't always mean the same thing at different companies. So you're taking a paycut for a title that may not actually gain you anything in the future.
I'd say pass on it
As someone who's reviewed resumes for years, titles matter when getting in the door no matter what everyone else here thinks. We all know it's SO much harder to get the first assignment at a new level but once you're there for a year or two, suddenly you have a flood of recruiters for that job on LinkedIn.
I took a minor pay cut (same salary, no equity) for my first EM job which led me to being recruited for FAANG management roles 2 years later and eventually landing one. It's all about where you want to go.
This can be a good move or a bad move based on your personal circumstances and goals.
Is that pay not essential to your immediate plans? Future raises, promotions or taking that title and experience to another shop to get the better money is a common and great plan, especially if you just need the experience to get you there.
If the title would be nice in the future but you need the money now, look for better money opportunities regardless of the title and get the title later.
In my personal experience, technical expertise and experience in individual contributor roles (Senior and lead technical roles) commonly can pay more than lower to middle, semi-technical or non-technical management jobs.