I work in hedge fund, we also need to jump if the goal is to cover a different sector. It’s common to see people jolt every 1.5 years until principal / director, but getting to managing director requires a bit of tenure. However, average joe will never get there so I am not sure promoting loyalty at the opportunity cost of xxx makes sense in their 20s. |
NP. I think there is a distinction between an employee with technical skills, such as a software developer, vs an employee with soft skills (e.g. consultant, project manager). Completely agree with previous posts that tech people can switch jobs constantly and not harm their careers, at least while they are in their 20s and 30s.
Non-tech people can get away with this for awhile, but as a previous poster said, eventually the music stops. As you get older, the constant churn on the resume raises questions. As another poster said, if you can point to solid accomplishments at those positions, you should be able to overcome the objections. But the reality is that people are judgmental, and competition from younger, cheaper people grows more fierce in your 30s, and this will be exacerbated by an economic downturn. Additionally, it is not the norm for people to shoot up in salary so quickly. Going from under $40k to $150k in less than four years would seem to make you a rock star with excellent achievements. You are approaching a ceiling for the non-C level, and with such little work experience, unless you have relationships to leverage, I doubt that you will get a C-suite position anytime soon. So moving to go up may not be possible next time. Lastly, as an aside, I picked up a little undercurrent of "that's not my job"-ism from your previous post. That attitude is generally looked upon as immature and not worthy of a high-paid professional. If your soft skills are worthy of the salary, then "figure it out" and wow your employer with what you can do. |
It's a major red flag that the companies you were with for such brief periods didn't try to retain you. I'm a hiring manager and right now we're filling butts in seats as fast as possible, but this will ebb...now is a good time to project stability and then you'd be able to explain as "took awhile to find the right fit". Not being fulfilling enough after 3 months isn't a good look. |
I would see it as a red flag bc companies don’t want to invest the time and money recruiting and onboarding someone to have them leave within the year. We turn down candidates all the time who are not a direct fit for the role. It’s a waste of our staff’s time and money. However, on the flip side, if you can land a higher paying job and stick with that job for 3-4 years, then go for it! It doesn’t hurt to continue to put feelers out and keep your resume and interview skills polished. |
Are you still in policy OP?
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In my experience, every hiring manager will have personal preferences. One HM disliked the fact that I did a role in a different area for 3 years. Another one disliked for not knowing who the Fed chair was. If they don't like you first impression, they will find something to pick on. If you can establish a solid work-chemistry, then everything is negotiable.
Once you get into your mid-30s, you will be offered a wide range of salaries, some HM will want to offer you 60k and another may offer you 260k. While some of the executives here are great leaders, the average hiring managers are not. In FACT, some are so pathetic, they can't keep anyone decent for longer than 10 month, then they recruit whoever is desperate to take their lowly paid job, fail and PIP the employee only to repeat. don't let their bias define you. |
If I saw a resume with serial short-stay jobs, I’d be concerned that the reason you left them was that you weren’t hitting the mark and either got told to move on or did so yourself to cheat the hangman. |
Exactly |
Follow up question. What if company did try and retain you as evidenced by resume? Like, got promotion to next rung and you left 2 months later because opportunity was too good to pass up/new job counter offered to beat promotion. |
If it's truly just a rungs/title promotion, not a problem for me, although I'd be pushing you hard on judgement (what made you want to leave, what made you decide to stay, what made you change your mind and be talking to me now, what are the chances you're about to use my offer to do the same thing again?) Leaving immediately after a substantial promotion (e.g. something like taking on a team) would be a yellow flag I would want explained. |
I should add... I can't think of a reason to tell anyone you took a retention promotion (vs. just a regular promotion). |
Sorry, I was a little too theoretical there. Promotion wasn’t retention-based but regular but I was pretty far down the road with another company unbeknownst to current employer. Took the promotion as I figured I earned it but gave notice as soon as background check cleared 2 weeks later and stayed another six to help transition. Let new employer know in passing and they offered additional RSUs worth about $200K over 3 years. Smart of new employer tbh since it incentivizes me to stay. But it sounds like the gist is that’s still a yellow flag, which is really helpful to know. I tend to keep getting better offers (many unsolicited) but I agree that gravy train ends at some point. |
Honestly you sound out of touch. I live in the real world we don’t have vacation homes, nannies, travel much. Your flexibility impacts my flexibility. Take today. I dropped kid off at school as no bus, got Starbucks, went to home office and started work. I took a 45 minute break at 12:30 for lunch with wife and two kids home college. Then back to work till 630 pm. Had dinner with family and hung out family. I don’t want to work till middle of night cause you are goofing off in Hawaii and working weird hours, same for Folks skiing, in fact we called out our CEO of America’s today for doing what you do. I got strict KPIs our whole team does. The CEO of America’s was off in Cabo hiking, traveling to NY in different time zones. Legal, HR, Audit, Credit, IT missed some key Jira and road map deadlines do to hard cut offs. We all finished in time. We all our getting 30 percent off our bonus. He got canned this week. Now we have no CEO and even more crap slipping. Hopefully we get a real CEO. Tomorrow I have a 6:30 am meeting do to a schmuck in Europe. Same day a 7 pm meeting for a San Fran meeting. Executives traveling around. Senior people need to stay in time zone. |
OP, if I am reading your posts correctly, you've been working awhile, not just since 2018, and your goal is to retire in 10 years? Then all the input about difficulty finding a job in a recession due to lots of job hops on a resume are irrelevant to your situation. In your case, I would take the jump in salary plus bonuses and equity and build your retirement as much as possible in the years you have left. Just in case you decide to work longer, you need to stay at the next one as long as you can before any more moves. But the financial benefit in preparation for your retirement, particularly if you continue to keep your expenses down and sock it away, is just too important to pass up.
Once you move to this next job, please remember that you are senior management and you are expected to to be flexible with whatever they need you to do. Hopefully with the equity share, you will be committed to take on whatever they need because doing so helps guarantee more profit coming your way. But in your comments I'm hearing you say that these companies don't meet your expectations when you haven't put in a lot of effort to meet theirs. And that would need to change with this next job, so choose wisely. |
Ugh to the poster with the unlimited time off. We’ve had multiple jerks take 2-3 weeks and back up the rest of us because they are out of pocket. Meanwhile I get bothered at night / on weekends because we have such a great vacation / flexible work schedule. I’ve actually started looking because I’m sick of being the grownup with a work ethic in the room. |