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?
