Should I stay to lead a new project, or go elsewhere?
I’ve been at my company (no-name, relatively small, very profitable) for 2.5 years. Promoted to Lead Engineer in January. Despite my title, I’m not doing much leadership (to improve my leadership/managerial skills), and the work isn’t new or technically complex either. Compensation is decent for the role, but not amazing. I started looking for new jobs about a month ago. The roles that I’m going for are not leadership roles, but are new, better paid, and at better known companies. Better benefits too (work from home, unlimited vacation). Turns out, my company is starting a big new project and want me to lead it. They approached me, and I was honest and told them that I was planning on leaving. This role would be a big move towards leadership, would look great on a resume, and they also offered me a 20% raise. I’m seriously considering it because it would basically be a new role in the same company. Is it worth going to a new company for a change in scenery, or would it be stupid to pass up on this new offer from my current company?
TC at new companies would probably be less. I don’t have any offers yet (just scheduled some onsites), but none of them are public companies or unicorns, so I wouldn’t get any crazy RSU packages.
I like to see increasing responsibility over time, so it’s not an awful idea to lead the project if you think it’s got a chance of being successful.
It’s a new product and they’ve demonstrated the market demand and already booked sales. Which sounds pretty good. The projected ARR is in the 8 figures, which would look good on a resume for sure
Stay put. Until you find something that is definitely better.
OP I envy you. Sounds like your company is investing in you. Take advantage because speaking from experience not all companies do. At the very least you will have a strong answer for "your biggest accomplishment" which will definitely help you when it's time to get your next job. Interview around to build practice because like it or not, interviewing itself is a skill. You'll also get a sense of your market value and the things you need to work on when it's time to find a new job later. Can you interview candidates for your own company's jobs? Even better.
Go for it dude, if it doesn't work out then you can leave. Google, Facebook or whatever else will always be there bit this opportunity is now and they gave you a raise so they appreciate you
A 20% raise? Just how underpaid are you?
Ok it’s actually a 16% raise. $150k -> $175k salary. I got a $25k bonus last year, so total comp would probably be ~$200k
Depends on many factors.What’s TC at new company and how big your chances to get into leadership there.? Also remember you know everything at your current company and you going to need to proof yourself at the new