Offer selection
Hello friends, Can you please help me in deciding between these 2 offers:
Trigent Software: -35lpa: all fixed, (it feels can go upto 36) -Service based but hiring for good client who is there from last more than 5 years and will be there for another atleast 5 years according to them -25 years old company -1300 employees
Inito(product based startup): 30 + 2(esops over 4 years, so we can assume 30.5) -This got started in 2015 but still having only around 110 employees -Out of 110, 32 from IITs...so good people are there
Yoe: 4.3
Been in the same position 4.5 YOE got couple of offers among them one was service based company offering 36 LPA all fixed (Brillio) client was (verizon) and a mid sized start up offered me 32 LPA base and 25% performance bonus of base. So after careful consideration joined the startup because i am in early phase of my Data engineering journey where i would build and take ownership of a product from scratch but in a service based company you hardly get the involved in design discussions.
Early phase of DE, so what was your work in 4.5 yoe?
It sounds like you made a thoughtful decision based on your career goals, especially since you're in the early phase of your data engineering journey. Choosing the startup over the service-based company aligns well with your desire for more ownership and involvement in building a product from the ground up.
Here’s a breakdown of why your choice seems like a great fit:
Why the Startup Was a Good Choice for You:
Ownership and Impact: Being part of a smaller, growing team in a startup means you can contribute significantly to the product’s design, architecture, and development. This will help you build a strong skill set in data engineering and gain experience in both the technical and business aspects of the product.
Learning and Growth: In a startup, you’ll likely be involved in a broader range of tasks, which can accelerate your learning curve. You'll gain experience in not just data engineering but potentially in other areas like product management, operations, and customer-facing work. Plus, with fewer hierarchical layers, you might find it easier to take initiative and showcase your skills.
Faster Career Progression: Startups, while riskier, often offer faster career growth and the opportunity to take on more responsibilities sooner. Given that you’re still in the early stages of your career, this could provide more rapid development opportunities.
Experience in Design and Architecture: As you pointed out, in a service-based company, you're less likely to be involved in design discussions or have a say in the technical direction of projects. In contrast, at a startup, you’ll likely be part of shaping the design and architecture, which is valuable experience for your long-term growth in the field.
Why the Service-Based Company (Brillio) Was Less Attractive:
Less Ownership: In a service-based role, you might not have as much freedom or involvement in shaping the product or its technical architecture. Often, service roles are more about executing predefined solutions rather than driving innovation or product design.
Limited Exposure to Product Development: As you mentioned, design discussions and strategic decisions are often limited in service-based roles. If your goal is to specialize in data engineering and product development, the startup will provide more relevant experience.
Financials and Compensation:
The salary at the startup (32 LPA + performance bonus) may be lower than Brillio's 36 LPA, but the performance bonus gives you the potential to earn more, and the long-term career growth, learning, and ownership opportunities in the startup will likely outweigh the slightly higher immediate salary at Brillio.
Conclusion:
It seems like you made a well-rounded choice based on your professional aspirations. In a startup, you'll gain hands-on experience, learn quickly, and contribute directly to building a product. This experience will be invaluable as you progress in your data engineering career, and the exposure to design and ownership will set you up for more exciting opportunities down the line. Plus, as your skills grow, so will your earning potential.
When deciding between two offers, it’s important to consider various factors like salary, job stability, growth potential, company culture, and the opportunities for learning and development. Let’s break down the details of both offers:
Trigent Software:
Salary: 35 LPA (fixed), with a possibility of a small increase (up to 36 LPA).
Company Profile:
Established 25 years ago, so it offers stability.
With 1300 employees, it’s larger and likely to offer more structured processes and benefits.
Service-based, but with long-term clients, which means job stability and consistent work.
The potential downside is that service-based companies often have less product innovation, which could limit exposure to cutting-edge technologies.
Pros:
Higher salary with stability from long-term clients.
Potential for structured growth and job security.
Larger company might have better benefits like health insurance, paid time off, and professional development programs.
Cons:
Service-based companies can sometimes feel less dynamic, with limited exposure to the ownership and creative aspects of a product.
The role might focus more on managing existing projects rather than building new ones.
Inito (Product-Based Startup):
Salary: 30 LPA + 2 LPA in ESOPs (equity), which could amount to around 30.5 LPA.
Company Profile:
Startup culture can be exciting, offering more ownership and opportunities to work on innovative products.
With only 110 employees and a large portion from IITs, the company has a strong, talented team, which could be great for mentorship and learning.
Being a product-based company, the focus is likely on building and scaling products, offering hands-on experience in software development.
Pros:
Working in a startup can provide exposure to diverse challenges and a greater impact on product development.
The smaller team and IIT representation can lead to great networking and learning opportunities.
The ESOPs could be valuable in the long term if the company grows successfully.
Cons:
Startups can be riskier in terms of job stability, as they often go through funding rounds and could face uncertainty.
Lower salary compared to Trigent and a smaller company with less structure.
Potential lack of structured benefits (like health insurance or retirement plans).
Key Considerations:
Salary & Financial Security: Trigent offers higher financial security with a higher fixed salary.
Growth Opportunities & Learning: Inito, being a startup, offers more learning opportunities and the potential to make a big impact on the product. If you're interested in working on innovative products and want to be involved in every stage, Inito could be a great choice.
Company Stability & Risk: Trigent offers more stability and long-term job security, which is important if you value a secure career path. Inito, as a startup, offers potential but comes with higher risk, as startups can face market challenges.
Long-term Potential: If you believe in Inito's potential for growth and want to be part of building something from the ground up, the ESOPs might be a lucrative option if the company succeeds.
Final Thoughts:
If you prioritize stability and a higher salary with job security, Trigent Software would be a safer choice.
If you're looking for growth, learning, and innovation, and are comfortable with some risk (while accepting a slightly lower salary), Inito could be a great option, especially if you're interested in product development and want to be part of a close-knit, talented team.
Ultimately, it comes down to what you're seeking in terms of career growth, work environment, and risk tolerance.