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Tough career scenario... which choice would you make?
Posted on 4/3/23 at 7:03 pm
Posted on 4/3/23 at 7:03 pm
Job A: Semi cushy job, can coast till retirement. Large corporation with lots of bureaucracy. Higher base than Job B but lower overall compensation potential. Have to make a decision on it by end of April. Hybrid role.
Job B: "pedal to the metal" job, but in a startup company that I'm very passionate about. Lower base than Job A but stock options granted that could generate life changing wealth if company executes. But job won't be available until sometime in May most likely, and let's say 75% chance I would be the winning candidate for the position. Remote role.
So what do you do? Play it safe and accept an offer from Job A, or chase your dreams and roll the dice on winning Job B? Accepting Job A and then leaving a month or two later for Job B would be a terrible thing to do and would burn a lot of local bridges, so that's not an option.
Job B: "pedal to the metal" job, but in a startup company that I'm very passionate about. Lower base than Job A but stock options granted that could generate life changing wealth if company executes. But job won't be available until sometime in May most likely, and let's say 75% chance I would be the winning candidate for the position. Remote role.
So what do you do? Play it safe and accept an offer from Job A, or chase your dreams and roll the dice on winning Job B? Accepting Job A and then leaving a month or two later for Job B would be a terrible thing to do and would burn a lot of local bridges, so that's not an option.
This post was edited on 4/3/23 at 8:13 pm
48
Posted on 4/3/23 at 7:04 pm to GeneralLee
If you are young roll the dice
Posted on 4/3/23 at 7:04 pm to GeneralLee
quote:
Accepting Job A and then leaving a month or two later for Job B
It’s business
Posted on 4/3/23 at 7:04 pm to GeneralLee
How old are you?
Posted on 4/3/23 at 7:04 pm to GeneralLee
I’m pretty sure crowdsourcing the answer on the internet will be your best choice
Posted on 4/3/23 at 7:05 pm to GeneralLee
Yeah, depends on your age and aversion to risk.
So: “Not enough information”
So: “Not enough information”
Posted on 4/3/23 at 7:05 pm to GeneralLee
What is option C if you don’t land B and A is gone by the time B disappears?
Or take A and bounce to B
Or take A and bounce to B
This post was edited on 4/3/23 at 7:06 pm
Posted on 4/3/23 at 7:05 pm to GeneralLee
If you can back down the road and grab Job A...
go for Job B now.
go for Job B now.
Posted on 4/3/23 at 7:06 pm to GeneralLee
How many years before retirement?
Posted on 4/3/23 at 7:07 pm to GeneralLee
Just factor in that most start ups don't make it in the long run.
Those that do, great; those that don't, ....
Those that do, great; those that don't, ....
Posted on 4/3/23 at 7:08 pm to GeneralLee
quote:Think about it and try again.
pedal to the medal
Posted on 4/3/23 at 7:09 pm to GeneralLee
Usually I’d say “The devil you know is better than the one you don’t”
But I didn’t follow that advice and I’m much happier.
But I didn’t follow that advice and I’m much happier.
Posted on 4/3/23 at 7:14 pm to GeneralLee
quote:
Accepting Job A and then leaving a month or two later for Job B would be a terrible thing to do and would burn a lot of local bridges, so that's not an option
Why? Are they competitors? Would you be hurting cushy job business if you left? Seems unlikely to me. I’ve been working for the same company for 20+ years and if I have learned anything during this time it’s that loyalty doesn’t matter anymore. Not to employers or employees. Dog eat dog, do what’s best for you and don’t look back.
Posted on 4/3/23 at 7:15 pm to GeneralLee
Pedal to the metal AND being remote seems tough for work life balance…the odds of generational wealth” from a startup is pretty small also. If you’re passionate/driven/risk taker in general then could be great for you, though
The fact that it’s not even a sure thing doesn’t seem worth it from a financial family stability point of view
Take Job A and then wait for a new “Job B” once the economy settles down. Or just burn the bridge and jump to job B in a few months (I’ve seen jobs lay people off a month or two in…no loyalty look out for you)
The fact that it’s not even a sure thing doesn’t seem worth it from a financial family stability point of view
Take Job A and then wait for a new “Job B” once the economy settles down. Or just burn the bridge and jump to job B in a few months (I’ve seen jobs lay people off a month or two in…no loyalty look out for you)
This post was edited on 4/3/23 at 7:17 pm
Posted on 4/3/23 at 7:16 pm to GeneralLee
How much do I believe in what job B is selling and the leadership there? Do I have dependents and would it be difficult to cover job B not working out? (i.e. do I have a spouse that earns a good wage to cover any time between jobs and/or could I find other employment options relatively quickly).
I think I would tend toward job B, but there's nuance to it.
I think I would tend toward job B, but there's nuance to it.
Posted on 4/3/23 at 7:34 pm to GeneralLee
A
Posted on 4/3/23 at 7:38 pm to GeneralLee
quote:let me tell you something about this. I was 40 years old and broke dick busted. Deeply in debt in a mid-paying/high stress job with a kid in private school and a raft of credit cards keeping me afloat. Then Katrina came and took the job away but also set me free
but stock options granted that could generate life changing wealth if company executes
You want life changing wealth? Start your own company. It’s the only way and it’s the American way. I did it, you can too
Posted on 4/3/23 at 7:57 pm to GeneralLee
Start ups usually have to pay more to entice people to leap from established.
remote is good. It's hard to build a career remotely though.
remote is good. It's hard to build a career remotely though.
Posted on 4/3/23 at 8:24 pm to GeneralLee
Think of it like this: Lets say job A pays 50k more a year in base salary. For the next ten years at job B that would be a 500k income loss. If this startup company was publicly traded, would you take out a 500k loan today against your hypothetical paid for home’s equity and purchase stock? Because taking job B is basically a huge loan against your career that you think will pay off based on the company’s future success. If you wouldn’t gamble half a million in the stock market on them, don’t gamble your career on them if they want to compensate you with shares.
For every startup that generates life changing wealth for early employees, there are hundreds if not thousands who fail or stagnate, especially at companies who cant afford competitive salaries and compensate you with the equivalent of risky penny stocks.
For every startup that generates life changing wealth for early employees, there are hundreds if not thousands who fail or stagnate, especially at companies who cant afford competitive salaries and compensate you with the equivalent of risky penny stocks.
This post was edited on 4/3/23 at 8:29 pm
Posted on 4/3/23 at 8:31 pm to GeneralLee
B
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