What % increase does it make sense to switch jobs for?

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If you don’t hate your current job then 20% minimum. If you do hate your current job than that’s a different conversation

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Like with everything else, it depends. I switched for 20% less pay, but still make more than enough, work 30% less, do very interesting work, and have significant equity upside in case of a liquidation event

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20% minimum.

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Should it be 20% minimum on just the base salary or plus bonus too?

At more junior levels pay disparity is large across companies/industries and therefore its common to see 20-50% increase in pay (post-MBA a lot of folks see that higher end spike)

As you become more senior, incentives often outweigh base comp and these are often highly volatile (KPIs you may or may not control - e.g., company performance, stock price). If you are exiting to one of these you may see anywhere between a 5-20% increase depending on how the cards fall. IMO at this point, comp is a tiny sliver of the decision to take the role

likehelpful

Depends. I took a job with comparable pay but my benefits, happiness, free time, relationships have all benefited so I consider it a win for me (realize others are driven solely by $$). For me it was the whole package and not just 1 number of it.

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20%

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25% minimum.

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20%

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Highish is relative, I'm at 240 and probably wouldnot leave for less than 300k unless my hours were halfed

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M1 if your company is hiring and you’re looking to get some extra referral $ let me know 😊

What if you're already at a pretty high-ish salary. Making 150K as an M1 but have offer for 170K

Think it matters how long you’ve been with company and how old you are.

I just joined my current firm 2 months ago and I’m 26 making 135 base, if a competitor offered me 150 base and covered my sign on bonus clawback (15k) I think I’d take it.

A minimum of $500-$1000 per paycheck increase based on your current comp

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