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by opportune
1725 days ago
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It probably depends on your market. In areas where going from one company to another as a "senior" only ends up with like a 5k gross pay difference, it's almost negligible. In Silicon Valley hopping companies can be like $100k/year or more gross pay difference. In a few years you might leverage that when switching companies again to get even more. Adds up fast. |
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That has limits too. Its not like you can hop 20 companies in 10 years and end up making like $2+ million an year.
Eventually you will max out of levels to get promoted too. Then the only options are to startup on your own or be an exec at a large company.
Plus Im guessing any reasonable increase in your levels comes with fair degree of risks, workplace politics, up-or-out workplace policies and if you have a history of hopping 2 companies/year serious shops aren't going to hire you to only replace you 6 months from now.