Working long time at one place vs switching every few years

Apr 10, 2019 23 Comments

So I've been with Goldman almost 4 years (joined straight out of college) and I see many people jump around every 2-3 years. Many of my friends have switched companies at least once in this period. I'm kinda starting to feel the FOMO to change companies even though my current situation is pretty good - high potential, great visibility, learning a lot, decent income (2019 TC: 140k). Just want to mention that I've been switching teams internally during this time so I've been exposed to different parts of the company.

How do I deal with this FOMO? I've tried getting offers a couple months back but got rejected after a few on-sites (Google, Flatiron Health, Compass to name a few). If I switch I'd go for higher comp and more prestige companies with good tech. So I guess I'm not good enough for higher bar companies, the market is competitive or it's a combination of both. What would you do in my situation, stay for another year and learn as much as possible and then reevaluate or try finding something again this year?

2019 TC: 140k
YOE: 3.5


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TOP 23 Comments
  • Two Sigma iufA74
    Are you doing software at Goldman? If so you’re severely underpaid. Their new grads got 200k this year
    Apr 10, 2019 4
    • Capital One

      Capital One

      Hello, I like turtles.
      $200k at GS? No way. Closer to 120-150k
      Apr 10, 2019
    • BNY Mellon

      BNY Mellon

      Goldman Sachs, Enigma, HP
      Yeah, impossible.
      May 10, 2019
  • Amazon / Eng neighbormo
    Wtf your 2019 TC is only $140k?!?!
    Apr 10, 2019 10
    • Amazon / Eng neighbormo
      At Goldman
      Apr 10, 2019
    • Oracle pzd
      Good for your friend
      Apr 10, 2019
  • Google SergeyBlin
    It pays to change jobs when the market is strong. Once the recession hits, it is LIFO.
    Apr 10, 2019 2
    • Goldman Sachs / Eng Mr Satoshi
      So your suggestion is..?
      Apr 10, 2019
    • Google SergeyBlin
      Now is probably a good time. You are early in your career so you can level up and get the TC bump.
      If you decide to stay, you may get stuck with low TC for a while.
      Apr 10, 2019
  • Cisco / Eng 0xdeadbad
    The old proverb “A rolling stone gathers no moss” is applicable to your situation. I would suggest not to jump often and never in the middle of project. A generally accepted practice of switching every three to four years will help advance your career in terms of getting more exposure to diverse work cultures, technologies, people and last but not least, helps improve your salary growth. It also keeps you on your toes and forces you to update your technical and interviewing skills.

    That said, I’ve not followed my own advice and this old stone is full of moss😀
    Apr 10, 2019 1
    • Goldman Sachs / Eng Mr Satoshi
      I stayed at my previous team for far too long and got super rusty. Recently made a switch and learning so much in a very short amount of time. But they don't adjust comp when you move internally so that sucks...
      Apr 10, 2019
  • Compass someguy851
    you’re only underpaid if the market determines you’re underpaid

    also fwiw our interview process is a mess, difficulty can either be G level or a joke depending on the day. definitely reapply in 6 mo, we will pay base = your current TC
    Apr 12, 2019 0
  • Amazon / Other y2dry3
    Always keep trying and learn / practice more. Of course it could be IQ related as well, you have to honestly self assess yourself and honestly conclude if you're a premier league player in tech or not. Some less talented people made fortunes with singing or acting or simply selling. There are limits and not everyone is physically and mentally able to achieve highest league. But it's never wrong to keep trying. You can only learn from failure and by challenging others that are way ahead of you.
    Apr 10, 2019 0


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