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when i got out of college, i set an extremely aspirational goal for myself: VP by 30 y/o. what i didn’t understand then is just how fluid the relationship between title & salary is. after 3 years, i finally made manager. the salary increase was laughable, but i didn’t care cause tunnel vision didn’t allow me to think outside of title alone. jumped from analyst to manager for a grand total salary increase of $12.5k ($70k to $82.5k)—no bonuses, no equity, nothing else. during this tenure, i was promoted to sr. manager for a (again, laughable) measly $7.5k salary increase to $90k. finished my MBA in year 4 of my career & got headhunted for a director job paying just a straight salary of $140k (nothing else). horrible experience, left that job for a salary decrease of $20k to $120k but finally negotiated a variable component ($24k per year, OTE of $144k). stepped back from a director title back to sr. manager for the same-ish OTE & way less pressure. in year 5, i left that job for another sr. manager job (this year) with a publicly traded company, bumping my base from $120k to $170k with a variable component of $30k & roughly $30k stock package. the takeaway here is that title sometimes carries measurable salary increase, but from 2020 to now, i’ve gone from the initial sr. manager title back to that exact same title/seniority & have more than 2x’d my earnings while also dodging executive pressures. i also know that several VPs i’ve worked with along the way here had lower base & TC than i have now (startups, non-faang companies). i have always managed bonuses & commissions so that’s how i know what those folks were making. chase the money, always. TC: 230k YOE: 5 technical/non-engineering role (revops)
Uh duh...but as you said tunnel vision
yep, young & dumb as hell.
Director at 4 YOE? Any place hiring Directors/Senior Managers with a few years of experience should be avoided.
yep- at a shitty startup (awful)
The reality is you need 10-15 YOE to really be a Senior Manager. There is no shortcut.
Titles are very misleading. VP in FAANG and startup are completely different. Different roles, different salaries.
yep- again, young & dumb & had no idea where to place value (now i do lol)
^^^Tell me you’re a privileged white male without telling me…
nope- actually a dirty ghetto kid with a GED who made it out the trenches. nice try tho!👍🏼
You are Still better than accent heavy immigrant brown kid
IMHO to be a young director and get a high TC basically come down to luck.
Can confirm. When taking with the younger folks I always ask them to be honest with themselves as to whether their after money or truly into management/advancement. They don’t always go hand in hand. Had a buddy of mine who acknowledge that he new people under him that made more than he did, but he preferred the leadership aspect and he was okay with that. Personally, I’m mostly about TC. I sometimes want more leadership/strategic roles, then again I can find fulfillment outside of my work life (my identity isn’t tied to my work) and good TC helps with that.
What? You mean this Vice President title isn’t prestigious?! Damn
if you’re with Goldman, then it absolutely is haha but in tech, with the FAANG exception, yes, no prestige, too much work, and not enough TC
YOLO. Title is also relative to company and industry. VP in a certain firm ensures massive bonuses, stock and other compensation. Small Bank VP could be the title of the 20 year veteran office clerk. Plenty of sole props who have business cards saying they are the CEO, President and Owner of said company.
this this this
Weird flex