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by not_your_vase 1046 days ago
Job hopping comes with significant salary raise, that's usually the point. If your hop doesn't come with 20%+ raise, you just hopped wrong. After 1.5-2 years repeat. It compounds.

It's not really skill dependent. I mean of course you need some skill, but the point is that the raise comes for the skill you already have, why the employers are willing to shell out more.

2 comments

Very true. I job hopped a few years ago and came to a startup. I took a small pay cut, but it came with options and other perks. If the options hit, it’s still two to three years out. Tempted to purchase what I’ve vested and job hop again. Though I would eventually like to stay somewhere awhile and mentor. Thanks!
This is a common but unfortunately very narrow perspective. Frequent lateral moves can inch you upwards but asymptotically to a limit.

If project manager's in OP's area make $90K, no amount of job hopping is going to making him a $350K earner. Agree all else equal, better earn $95K than 90K but the better bet is to break out of that range.

Just lateral moves won't get you there. You need a different strategy.

At least in my experience, you need the job hop to get the change shift of role, industry, or promotion as well. I would be doing my previous bosses' job and then some, and show it in review cycles, only to get the 'yeah you're right, just wait a bit longer, we'll figure it out' over and over again. Leaving for another company was the only way it happened.