Should I change jobs?

FType22 · 03-07-2016, 01:36 PM

I'm going to attempt to make this as brief and explanation as possible, and because I can't figure out how to make a poll you guys get to vote with your keyboard instead of your mouse clicks.

I have been in my current position as a global company for 3 years. They recently took away our pensions and have kept budgets flat while increasing revenue. It took me 3 years to get a promotion because the culture here is to promote top down, but the quota is filled by the time you get to my level in the hierarchy so I get told "sorry no room at the inn."

The plus? I get to work with some of the best sports properties in the world (NFL FIFA Olympics) and travel to cool ass places and meet awesome people (met Gronk, Montana, Sherman, etc etc in Feb). Some of the work I do is really cool, but 70-80% of the time I'm doing boring work.

New job will be 80% boring work. I don't have covered parking (I'm still an M driver, lets be honest, this matters!). I have to build my function from the ground up. It's a start up with good financial backing and private (going public in second half of 2016) they're offering more money and similar benefits. No travel, no fun work projects, no sponsorships. Could offer me a lot more room to grow, could be a new challenge in my career that could honestly be stagnating.

Opinions?

ASBSECU E93 · 03-07-2016, 01:43 PM

Look for a different line of work altogether....

FType22 · 03-07-2016, 01:46 PM

Quote:

Originally Posted by ASBSECU E93

Look for a different line of work altogether....

Probably realistic given my age, unrealistic given my cost of living

ASBSECU E93 · 03-07-2016, 01:51 PM

Move to where the COL isn't a factor....

Verbiage · 03-07-2016, 01:56 PM

Hey, OP.

If your main goal (given your seeming stagnation at your current position) is to obtain opportunities for expansion, then the latter option seems best for you. I think it will be a good investment in the long run to do this and evaluate this corporate environment, extend feelers, and possibly move onward/upward quicker. Considering you will be making more money, your financial and lifestyle obligations should also go unaffected. Just buy a Honda Civic to drive to work.

Also, never turn down a challenge at work. You never know who's watching/what can come from it.

CANGRKE70 · 03-07-2016, 02:01 PM

How much money difference are we talking...would it make a significant impact to your bi-weekly pay?

Open your own firm and get others to do 80% boring work.

My plan in 5 years.

FType22 · 03-07-2016, 02:04 PM

Quote:

Originally Posted by Verbiage

Hey, OP.

If your main goal (given your seeming stagnation at your current position) is to obtain opportunities for expansion, then the latter option seems best for you. I think it will be a good investment in the long run to do this and evaluate this corporate environment, extend feelers, and possibly move onward/upward quicker. Considering you will be making more money, your financial and lifestyle obligations should also go unaffected. Just buy a Honda Civic to drive to work.

Also, never turn down a challenge at work. You never know who's watching/what can come from it.

Actually the new job is so close I wouldn't even have to drive if I wanted, It would be a 5 minute bike ride. Maybe 10. I think you're right about my primary goals, I am afraid of being stuck like some of the people I work with who are 55 and haven't had a significant increase in their mediocre job title for the 15 years they've been at this company.

M3 Esq · 03-07-2016, 02:04 PM

Is this a new job function? I usually avoid those situations. Too much unknown and if it doesn't work out then what? You're better off finding something where the position has been established.

FType22 · 03-07-2016, 02:05 PM

Quote:

Originally Posted by CANGRKE70

How much money difference are we talking...would it make a significant impact to your bi-weekly pay?

Open your own firm and get others to do 80% boring work.

My plan in 5 years.

$$ difference in about 30k + stock prior to IPO. No idea what they are in the running of making/what they are raising though. Stock price is probably not going to be that high.

Verbiage · 03-07-2016, 02:05 PM

Quote:

Originally Posted by DJP86

Actually the new job is so close I wouldn't even have to drive if I wanted, It would be a 5 minute bike ride. Maybe 10. I think you're right about my primary goals, I am afraid of being stuck like some of the people I work with who are 55 and haven't had a significant increase in their mediocre job title for the 15 years they've been at this company.

The most important thing is not getting to that point in a career to realize that stagnation has eliminated your opportunities for forward progress. You seem to be a younger person. There's not a better time than now to take advantage of these kinds of opportunities.

Biking will be good cardio.

Alfisti · 03-07-2016, 02:06 PM

How much cash extra after taxes?

kscarrol · 03-07-2016, 02:06 PM

Edit: I see you answered this as I was typing...

You get any equity in the new firm? Might be a nice bit of upside with the pending offering...

Either way the new job sounds like it has more upside for you.

FType22 · 03-07-2016, 02:06 PM

Quote:

Originally Posted by M3 Esq

Is this a new job function? I usually avoid those situations. Too much unknown and if it doesn't work out then what? You're better off finding something where the position has been established.

Yes it is a new job function. they hired the VP for the new function about 2 months ago and I would be the first hire in the function under her to build out the infrastructure and team. Keep in mind I have never done anything like that before and the idea is kind of exciting, but daunting given my lack of experience.

FType22 · 03-07-2016, 02:07 PM

Quote:

Originally Posted by kscarrol

You get any equity in the new firm? Might be a nice bit of upside with the pending offering...

Either way the new job sounds like it has more upside for you.

Yes I will get 1,000 shares

ASBSECU E93 · 03-07-2016, 02:08 PM

OP - far too vague in the details for me (or anyone) to really give you constructive feedback....

If you're unhappy - of course you should change. If you are not financially able to change, then it becomes a question of how long until you are no longer able to submit to the company's will or have the financial capacity to leave for other endeavors.

I can completely relate - I HATED one of my jobs to the point that I would become physically ill every morning at just the thought of dealing with the CEO....like vomit in the shower each morning sick...

FType22 · 03-07-2016, 02:09 PM

Quote:

Originally Posted by Alfisti

How much cash extra after taxes?

Eh post tax I'm not exactly sure. Pre-tax I'm estimating 30k but because my current position is non-exempt it could be more or less depending on how much OT I (would) make this year. Over last year it's almost exactly 30k more.

Verbiage · 03-07-2016, 02:09 PM

Quote:

Originally Posted by ASBSECU E93

I can completely relate - I HATED one of my jobs to the point that I would become physically ill every morning at just the thought of dealing with the CEO....like vomit in the shower each morning sick...

That's terrible......

FType22 · 03-07-2016, 02:09 PM

Quote:

Originally Posted by Verbiage

The most important thing is not getting to that point in a career to realize that stagnation has eliminated your opportunities for forward progress. You seem to be a younger person. There's not a better time than now to take advantage of these kinds of opportunities.

Biking will be good cardio.

Haha that's how I felt! yay cardio!

ASBSECU E93 · 03-07-2016, 02:10 PM

Verbiage - It was a 24 month lesson in, "don't always chase the money."

It did lead me to my current role and much greener pastures...

FType22 · 03-07-2016, 02:12 PM

Quote:

Originally Posted by ASBSECU E93

OP - far too vague in the details for me (or anyone) to really give you constructive feedback....

If you're unhappy - of course you should change. If you are not financially able to change, then it becomes a question of how long until you are no longer able to submit to the company's will or have the financial capacity to leave for other endeavors.

I can completely relate - I HATED one of my jobs to the point that I would become physically ill every morning at just the thought of dealing with the CEO....like vomit in the shower each morning sick...

Well I'd like to give more details to help you give an opinion. I would say I'm not sure I would be able to change without going back to school or starting in a very jr position somewhere that would want to teach me everything there was to know about the new position. I figure you're talking about something in sales, finance, or tech.

I don't think I'm at the point where I have become ill, that really does sound awful, but I also don't want to reach that point either.

FType22 · 03-07-2016, 02:13 PM

Quote:

Originally Posted by ASBSECU E93

Verbiage - It was a 24 month lesson in, "don't always chase the money."

It did lead me to my current role and much greener pastures...

I think what you said here "don't chase the money" is what I have in the back of my head, will this position really give me more happiness or not. Obviously no one can answer that for me, I have to evaluate the work for myself, but I was just trying to get some feelers from a forum that has some exceptionally successful people in it and I was wondering if any of them have been in this situation before and how they dealt with it.

jtodd_fl · 03-07-2016, 02:16 PM

Sooo... interesting thread. There does seem to be a lot of upside, but there is also a LOT of risk in a startup. I am not sure exactly what you do, but I am kind thinking the TV show "Ballers". (Not really.) Anyway, the key is the level of risk you that is acceptable to you. It is true that there aren't enough details to really advise well. What funding round are they through yet? Are these A series shares, preferred shares, how many are outstanding? What is the current valuation of the company? Have the primary investors and C-suite ever taken a company public before? What is their exit horizon if IPO in 2nd half 2016 doesn't fly? (They often get delayed - especially in an election year if uncertainty hits the IPO market.) Then again, there are great upside potentials. What risk and sacrifice are you willing to tolerate? For every FB or Twitter, there are hundreds of fucked.com stories. I have worked for a $40 Billion company and I have done 2 startups. They are VASTLY different environments. The third option is to take your skills to a similar company and try to move up by moving on. This is very common. Just my 2 cents.

03-07-2016, 01:36 PM	#1
FType22 First Lieutenant 143 Rep 300 Posts Drives: 2011 e92 M3 Join Date: Nov 2015 Location: NY iTrader: (1)	Should I change jobs? I'm going to attempt to make this as brief and explanation as possible, and because I can't figure out how to make a poll you guys get to vote with your keyboard instead of your mouse clicks. I have been in my current position as a global company for 3 years. They recently took away our pensions and have kept budgets flat while increasing revenue. It took me 3 years to get a promotion because the culture here is to promote top down, but the quota is filled by the time you get to my level in the hierarchy so I get told "sorry no room at the inn." The plus? I get to work with some of the best sports properties in the world (NFL FIFA Olympics) and travel to cool ass places and meet awesome people (met Gronk, Montana, Sherman, etc etc in Feb). Some of the work I do is really cool, but 70-80% of the time I'm doing boring work. New job will be 80% boring work. I don't have covered parking (I'm still an M driver, lets be honest, this matters!). I have to build my function from the ground up. It's a start up with good financial backing and private (going public in second half of 2016) they're offering more money and similar benefits. No travel, no fun work projects, no sponsorships. Could offer me a lot more room to grow, could be a new challenge in my career that could honestly be stagnating. Opinions?
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03-07-2016, 01:56 PM	#5
Verbiage Dismembered Member 3628 Rep 9,213 Posts Drives: F80 ZCP 6MT, R55 Clubman S 6MT Join Date: Jan 2010 Location: DMV iTrader: (6)	Hey, OP. If your main goal (given your seeming stagnation at your current position) is to obtain opportunities for expansion, then the latter option seems best for you. I think it will be a good investment in the long run to do this and evaluate this corporate environment, extend feelers, and possibly move onward/upward quicker. Considering you will be making more money, your financial and lifestyle obligations should also go unaffected. Just buy a Honda Civic to drive to work. Also, never turn down a challenge at work. You never know who's watching/what can come from it. __________________ My delivery experience and beach photoshoot here. Last edited by Verbiage; 03-07-2016 at 02:02 PM..
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03-07-2016, 02:01 PM	#6
CANGRKE70 ΜΟΛΩΝ ΛΑΒΕ 818 Rep 172 Posts Drives: 2012 BMW X5 Join Date: May 2015 Location: Toronto iTrader: (0)	How much money difference are we talking...would it make a significant impact to your bi-weekly pay? Open your own firm and get others to do 80% boring work. My plan in 5 years. __________________ Peter. Current Ride:2012 Alpine While BMW X5 35i Past Rides: 2005 Titanium Silver Metallic BMW X3 2005 Winning Blue Mica Mazda 3 1993 Milano Red Honda Prelude SR
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03-07-2016, 02:04 PM	#8
M3 Esq Automobilist 397 Rep 2,632 Posts Drives: E70 X5, 911 GT3 Join Date: Aug 2007 Location: CT iTrader: (12)	Is this a new job function? I usually avoid those situations. Too much unknown and if it doesn't work out then what? You're better off finding something where the position has been established.
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03-07-2016, 02:06 PM	#11
Alfisti Brigadier General 6799 Rep 3,161 Posts Drives: 2008 Saab 9-3 Combi Join Date: Nov 2014 Location: Toronto, Canada iTrader: (0)	How much cash extra after taxes?
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03-07-2016, 02:06 PM	#12
kscarrol Brigadier General 9272 Rep 4,124 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	Edit: I see you answered this as I was typing... You get any equity in the new firm? Might be a nice bit of upside with the pending offering... Either way the new job sounds like it has more upside for you. __________________ 2021 X3 M40i 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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03-07-2016, 02:16 PM	#22
jtodd_fl 2nd Asst to Dept Undersecretary 6707 Rep 1,298 Posts Drives: People crazy Join Date: Sep 2013 Location: Florida iTrader: (0) Garage List 2015 F82 M4 [9.00] 2016 F87 M2 [0.00] 2011 E92 M3 [0.00]	Sooo... interesting thread. There does seem to be a lot of upside, but there is also a LOT of risk in a startup. I am not sure exactly what you do, but I am kind thinking the TV show "Ballers". (Not really.) Anyway, the key is the level of risk you that is acceptable to you. It is true that there aren't enough details to really advise well. What funding round are they through yet? Are these A series shares, preferred shares, how many are outstanding? What is the current valuation of the company? Have the primary investors and C-suite ever taken a company public before? What is their exit horizon if IPO in 2nd half 2016 doesn't fly? (They often get delayed - especially in an election year if uncertainty hits the IPO market.) Then again, there are great upside potentials. What risk and sacrifice are you willing to tolerate? For every FB or Twitter, there are hundreds of fucked.com stories. I have worked for a $40 Billion company and I have done 2 startups. They are VASTLY different environments. The third option is to take your skills to a similar company and try to move up by moving on. This is very common. Just my 2 cents. __________________ This space for rent.
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