Hello,
I am currently a second year analyst in a s&t role at one of the top US BB.
I have recently been randomly approached by a big tech startup via a headhunter, i don't have any immediate transferable skills. My current salary is around 85-90 fixed + looking at 50-60k$ bonus.
They are asking for how much i would like to get to leave.
If i stay, Associate promotions are this july, which means getting a very significant bump to around 130k$ + the bonus etc...
I am a bit fed up of my job and i think the opportunity i am being offered is really cool in terms of content, so i am expecting to leave anyway. I just don't want to get lowballed too much.
Given the sector change + lack of directly transferable experience, i don't really know if it would make sense to ask for something like 130-140k$. (package also comes with SO / bonus, lower than in finance obviously)
But i feel that the potential associate promotion is a valid argument. Otherwise I might be better off just waiting another year to put a floor on my current salary.
What do you think ?
Thanks !
big tech startup? ... is this a riddle or something?
What's a big tech startup? is it an established business with a start-up culture? or is it a prerevenue company that's living off a shitload of VC funding. If it's the latter, you should aim for some sort of equity comp, on top of anything else.
Hey, thanks for your answer. Its not completely prerevenue but its already quite big and has a "shitlaod" of VC funding like you said. Its not a "high risk high reward type" exit/IPO multiple compared to today is going to be x6-7 at most. I view this more as a soft transition to the tech sector. I just find it annoying that if i wait just 1 year, this whole discussion will be void as noone is going to contest 130k$ by then. But i may not have this type of opportunity if i wait.
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