What’s good career advice you wouldn’t want to have your name on?
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Re: What’s good career advice you wouldn’t want to have your name on?
#2Value all parts of compensation that you cannot easily sell at zero. Options? Zero. RSUs for a private company? Zero. Promises for future raises? Zero. Actually: any promises - zero. (Promises on signed paper may sometimes be worth more than zero)
Always remember that the place you work at has no (and owes no) loyalty to you. Calculate accordingly.
Re: What’s good career advice you wouldn’t want to have your name on?
#3It's interesting that nearly all of these pieces of advice are fairly non-controversial. What's the point of posting stuff anonymously if it's the same stuff that most people would be happy to attach their name to?
Re: What’s good career advice you wouldn’t want to have your name on?
#4Value all parts of compensation that you cannot easily sell at zero. Options? Zero. RSUs for a private company? Zero. Promises for future raises? Zero. Actually: any promises - zero. (Promises on signed paper may sometimes be worth more than zero) Always remember that the place you work at has no (and owes no) loyalty to you. Calculate accordingly.
Important: same goes for bonuses, which are also practically promises, and are not guaranteed.
Re: What’s good career advice you wouldn’t want to have your name on?
#5Never see a job as a career.
The ONLY PATH for wealth is to work for yourself by starting and building your own business.
Make no mistake... You are always building a business, and if you're not building YOURS, you are building THEIRS.
Re: What’s good career advice you wouldn’t want to have your name on?
#6Value all parts of compensation that you cannot easily sell at zero. Options? Zero. RSUs for a private company? Zero. Promises for future raises? Zero. Actually: any promises - zero. (Promises on signed paper may sometimes be worth more than zero) Always remember that the place you work at has no (and owes no) loyalty to you. Calculate accordingly.
I’m in this situation right now. Got my first job 17 months ago at a FAANG. Was promised compounding RSUs every year and a bonus every year.
They’ve delayed the compensation by 5 months because “I joined late.” They didn’t tell me about this until I asked about 10 months in.
Hell I joined this company earlier out of college than most students. 2 weeks of vacation post-college when most students were taking 2-3 months. And now they turn around and tell me my compensation is going to be 30% less than what was promised my first year?
Now, 17 months later around the review cycle they are saying that our org has less money or whatever, and compensation will be lower this cycle. I’m expecting maybe a fourth of what I was promised.
Re: What’s good career advice you wouldn’t want to have your name on?
#7It's interesting that nearly all of these pieces of advice are fairly non-controversial. What's the point of posting stuff anonymously if it's the same stuff that most people would be happy to attach their name to?
I agree. I was expecting something sort of like the good Blind posts, but I guess these are controversial because... one said "fuck"? Another said that people put too much emphasis on career advice, which is probably controversial for the site/community the article is from?
Re: What’s good career advice you wouldn’t want to have your name on?
#8> When you’re in college... Your time is less valuable
This really jumped out at me.
As a college student, I've never had so many opportunities available to me at once -- nor so little maturity with which to take advantage of them.
That said, I certainly agree with taking care of low-level health problems, the sooner the better.
Re: What’s good career advice you wouldn’t want to have your name on?
#9Value all parts of compensation that you cannot easily sell at zero. Options? Zero. RSUs for a private company? Zero. Promises for future raises? Zero. Actually: any promises - zero. (Promises on signed paper may sometimes be worth more than zero) Always remember that the place you work at has no (and owes no) loyalty to you. Calculate accordingly.
I valued my stock options at 0, so I left after 2,5 years in a 4 year vesting. I didn’t believe the company would IPO. It did. The founders were good types, after all.
Those 2,5 years are now worth 1,7m$, which after tax is about half. I do wish I had stayed the 4 years, instead of valuing them at 0.
Re: What’s good career advice you wouldn’t want to have your name on?
#10Value all parts of compensation that you cannot easily sell at zero. Options? Zero. RSUs for a private company? Zero. Promises for future raises? Zero. Actually: any promises - zero. (Promises on signed paper may sometimes be worth more than zero) Always remember that the place you work at has no (and owes no) loyalty to you. Calculate accordingly.
Honestly this is bad advice. Sure, you shouldn’t plan your life around striking it rich but if you’re going to take a job thinking the equity comp is worthless then you are probably choosing the wrong company and/or going to negotiate poorly.
Late stage growth companies that offer RSUs can be sold on secondary markets, so even though it’s not as easy to sell it is probably not worth 0 unless something is very wrong, which again is something you should assess before accepting any offer.