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Hello fishes,
I have 8.5 year .net full stack+azure. I am having below offers
1. honeywell - 24lpa fix - advance software engineer
2. Kpmg global - 25 lpa fix +1jb -assistant manager 3. Pearson education - 27.5 lpa ( 25 fix +2.5 variable) - .net specialist
4. Smc squared 26 lpa fix + 1jb - technical lead
5. Schneider electric ( in pipeline) for staff engineer
Which ones to choose according to wlb, job security and new learning
Honeywell KPMG Schneider Electric
Hello Gang, I’m on the business side for Walmart right now. Walmart Global Tech recently offered me a role to move to the San Bruno office, but I’d be taking a demotion from L6 to E5. YOE: 8, COMP(200k base, 25% bonus, 100k RSU). Is this competitive in the bay? I have Doordash and Instacart in the pipeline, but no final offers yet.
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I would ask for more, they are most likely putting you at the absolute minimum they have for that band, especially if it’s big bank but if you are looking for other SVP roles in the future or just looking for a change of scenery because you feel you need a change, it might be worth it to you- all depends on personal specifics. Ask about hybrid schedules, evenings, weekends- all that matters.
Corporate titles matter if you are looking at career progression. I would compare the entire package to get a more holistic view of the difference in total comp. Also consider things like WLB, as a pp stated.
I'm going to be a little mean, but if you can't figure it out not sure if you're ready to be an SVP.
SVP at Citi just equals a senior manager. Matching the comp they spoke about. To answer your question. Take the job. Simple unless your WLB will be ruined or something
Op probably could figure it out but everyone needs a helping hand once in a while
@Jpm can you let me know when you leave so I can have your job?
Well a lot of you people answering have zero perception of the SVP role at a bulge bracket bank lol. It’s a tiny step above VP. Most are individual contributors and do not manage teams. Quit shitting on OP and let them live lol. It’s really a perfectly reasonable question
Titles mean nothing unless it’s MD. I would not move JUST for the 12%.
What are the $$ amounts we are talking here?
Stuck with VP title for 6 years means it is time to move. From VP to ED, you have to have a very good supported manager who guides through the process, and helps you build relationships with your sponsors. Maybe after couple years outside of JPMC and you can go back with ED title.
Depends if you want to progress I guess…. More title means more responsibility.
What’s that mean on path to md?
Take the SVP title now, go back in 12-18 months for the same title and turn that 12% increase into 30% within 18 months
Yes, I would take it. It's better than a 3% increase and moving up a level gives you experience at that level. Which means you can always move back to the old bank for more money.
Everyone has doubts. It's normal
It depends on how you like your new role and how different it is from your current job. Titles at Banks are not an effective way of measuring career satisfaction. VP/SVP kind of do the same things: think through what you don't like about your current job and whether a new role fills the void.
SVP is a meaningless intermediary title banks create from time to time to create the illusion of progress. But 12% salary is real. Have you tried asking for more. I usually aim for 20 to 30% each move.
If you have a good bonding with your existing manager then even a good salary rise isn’t worth the title change.
I would say it's worth it, though I'd think a bump up to SVP would be worth a little more than 12%.
Nah because svp doesn’t really exist lmao
Not many banks have SVP - so if it is Citi you have the offer from, i would think twice in this current scenario at Citi.
I think the OP is looking for opinions if people who have actually done it, was it worth it in the short and long run?