Related Posts
Conversation Starter
Conversation Starter
What is the pay bracket for DI AM level (A&A)?
More Posts
Rising Star
Community Builder
How do you find in-house positions?
Thoughtworks Referrals
QA Automation (4+ years exp in automation)
Location : Hyderabad ,Bangalore , Gurgaon
Senior Devops Engineer(4-9 yrs exp)
Location: Pune, Mumbai ,Gurgaon , Bangalore , Hyderabad, Chennai
Senior Java developer (Java+ Kafka)
Location: Bangalore , Pune , Chennai , Hyderabad Gurgaon, Mumbai
If you are seriously looking for switch, Mail your resume to devm8366@gmail.com for referral, with position name and preferred location
Pro
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
That’s largely up to you, a lot of factors to think of such as location, workload, relationships etc etc. But regardless 76k to 90k is a huge jump
Healthcare strategy with 1 YOE…how much value do you think you’d actually bring to this startup? And what is the average age / YOE of the 10 or so employees? If it’s something similar to you I’d stay away for now, especially because of the impending recession. After 1-2 years of average / above average performance you would be at 90k anyways (started at 72 and went to 93 after 1st year).
Of course if you truly believe in the startup vision and trust the leadership then do what your gut says.
It depends how well capitalized the startup is
FWIW, I left consulting for a startup and was in a similar situation. Feel free to dm
It definitely will be a lot of work given how few employees there are. You might be making even less if you account for al the hours you might be working.
I was told that a 40 hour work week would be abnormally high, but I guess I can’t be sure that they’re telling the truth.
What level are you at right now?
76k -> 90k isn't a huge jump; if you're at the Analyst/Undergrad entry level right now you'll probably see a similar (if not greater) jump as you move towards the Associate/Grad entry level.
I personally wouldn't jump to a small startup right now unless I had a lot of passion for the field and was absolutely certain of their long term success.
Most firms nowadays should have more analytics focused roles, have you tried networking your way through internally?
Otherwise, firms with a large presence in tech like BCG, Deloitte, ACN, BAH, PS, etc. might make for a better jump
I worked for a startup before getting into consulting. The benefits alone are $15k+ more at the consulting firm vs a startup with ~$10M in funding. I work for a smaller tech implementation firm so I’m sure they’re worth even more at Big4 or MBB.
Some things the startup might not have:
401k + Match (without it you lose out on tons of tax savings and match money)
Bonus - Unless your startup is well-funded or profitable, forget about a bonus. Even if they promise one, it’s always contingent on funding.
Security - Ask them what their current runway is. If they don’t know or don’t answer directly, they’re either delusional or intentionally trying to deceive you. At most startups you’re going to have somewhere between 3 months and year of funding with current staffing.
For an offer of $90k I would 100% not switch for the money unless this is like a $50M+ “startup” with decent runway and prospects. Cash is king and don’t be tricked into taking worthless equity comps. I know a guy who got 5% of a $10M company only to be diluted to .25% of a $12M company. Statistically only 1/10 startups actually make it or something like that, so consider equity to be close to worthless.
I took this plunge, had two offers and choose the one with a consulting firm.
What factors were you considering when you were making your choice?
Joining a start up vs working for a well established company is two very different things.
I will break it down into these 5 questions…
1. Do you feel like you will learn something hard and new that will make you grow your skillset?
2. Do you feel you will be adequately compensated - through salary, title and other benefits for the effort you put in?
3. Do you feel your role is impactful for the company's bottomline? Would people care if you leave? Would people do everything to retain you and shower you with care and love?
4. Do you feel a sense of connection with the people around you, especially your manager?
5. (Extra) How much are you worried about the company you will be working for and your success?
Largely it will depend on how much stress you can handle and if you like to have a challenge and get motivated by it.
I hope this helps
Money shouldn't be your object since you're just starting out. You have 30 odd years to make a lot of it. I have student loans myself and consulting pays a lot in bonuses so adding that to a base of 76k would still be a better choice rather than getting into a startup with a risk of getting laid off. Also you make great connections in consulting; resulting in a getting better second job etc.
Agree, consulting is the safer and smarter move in my opinion
If I weee you I would just switch firm to another consulting firm and possibly double if not make 50 percent more then what you make
I’m in the same position rn.
This was me last week. I declined the offer for a few reasons but stability of this job is nice
To be fair consulting is just as flaky.
What kind of startup is it?
Can the startup survive the recession? That would be my first concern.