What drives people to stay at the same company, same office, same city seeing the same people every day for more than 5-6 years?
I know few fellow graduates, who have clinged with the same for 6 years now! I find it hard to fathom people staying at same firm for 10+ years!, that too when it is your first company. Sounds too institutional like the good old blue collar job days, when one started and ended up bending rods in same manufacturing factory for whole life.
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Alternatively there are some niche areas where there’s a ton of depth. Some people build a technology from its inception and they go on to literally right the book on the subject. If someone loves that space and there are only a few places to work on something similar, why leave.
While job jumping can grow your TC faster, we all make enough to be able to make decisions on other factors.
I worked for 3 companies, each for 2 years or less before joining Microsoft. I still change teams every 18mo-3yrs. Will I stay forever, probably not. Changing externally vs internally have different pros and cons but it’s not that big of a deal.
While changing environments is a good learning opportunity, at some point in your career it can also be good to learn how to develop depth in an area and environment to understand how systems and organizations evolve.
Some stay for joy. Others stay out of fear of change.
Some change for the joy of it. Some change for fear of staying.
Do what works for you. There are people who will make a different choice than you for every decision you ever make.