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Career Advice

I have been working in a small bootstrap startup ( 50 employees). The company is profitable and have great culture and ethics ( best out of the 4 companies I have worked for). I am expecting a decent salary hike (30%), career and learning growth. Should I look for a larger organisation or make up my mind for a long term career in my current organisation. P.S. I have 3 years of post- MBA experience and I have done Btech and MBA from premium institutes. 2 years of PM experience.

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stealthyfime

Stealth

a year ago

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MojoJo

Others

a year ago

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Indian Startups on

by AlphaGrindset

Series A Startup

The Generalist - #1: Why you should not stay only in startups

Hi folks, thinking of writing a regular mini blog here about my learnings being a generalist in the ecosystem. I currently handle growth at an ecom startup and have previously been through 2-3 startups + a large corporate in my 7 year career. #1: Why you should not stay only in startups Recently started reflecting on salaries of many peers who are also startup folks and trying to see where it stands. There are 3 cohorts: a. People who started out in Big 4/Corporate & then became a generalist: They've been underpaid the most. First pay was 4-5L, and when they transitioned to startups, started at 7-9L. Over time, growing from there is difficult without MBA. b. People who have forever been in startups: They earn more than A on average. But here too, there is a delta in their salaries vs. people with same YoE who went to an MBA and are in corporate now. Side note: I've seen this cohort has usually loved what they've done, and being in startups definitely has positively impacted their thought process. c. People who went to a corporate/big tech etc. mid way: This cohort has done the best long term. Their pay got recalibrated when they went to a larger company in the middle through their career, and when they rejoined startups, they were respected more in salary negotiation. This is to anybody out there who is a generalist and sees a similar path. Try to sandwich a proper, large company in your career. It gives you perspective on whether you like it and if startups is really your preferred route. And it also recalibrates your pay. Startups will limit you basis your last salary. Corporates have standards basis bands. Just something to think over. NOTE: Do share feedback, if this makes sense. And if you'd like to read more of these too.

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Indian Startups on

by Somedude

Stealth

Career Dilemma. Please help with your suggestions

I am currently working in a Series A funded startup based out of Blr, and we are hopeful to raise another round in a few months (let’s assume this is certain for the sake of discussion). I’m thinking b/w between deciding to stick here for 4-5 years min, and pursuing MBA (aiming for abroad ideally) I am a growth manager right now, with 4 years experience in total, w/ 1.5yr at my present company. I get along with my team very well, think my manager is a great mentor for me right now and really love the product we are building. The growth prospects of the company are pretty good as well and we are very (cautiously) optimistic about raising Series B in this funding winter. My main dilemma comes when I think of money that I can probably earn here or elsewhere if I pursue education further. No matter where I work I’d rather do it for the stock options and give myself a chance at an early age to get to a good financial state asap. At the same time, despite the upfront costs that an MBA brings, there’s sureshot way that I’ll get to a higher pay whereas relying on a Startup’s ESOPs is riskier comparatively. I’ll be walking into my appraisal call in a couple of weeks. I’m paid 20L fixed + 10L ESOPs right now. I studied at a tier 1 institute, not that it matters, but compensation wise I want to be matched to my peers. Is it sensible for me to ask for a marginal fixed comp hike and ESOPs of 30L-40L (is this the right amount to ask for the risk I’m taking) in the hopes of getting wealth - Is this significant enough for me to ditch my other options (or companies)? Or should I stick to standard hikes and pursue an MBA?