Confused between money & growth
Hi everyone, I am a data engineer (~4 YOE). Currently (>20 in-hand). I have worked for 2 companies, both product based and blessed with good leads, WLB and technical learnings.
I randomly gave an interview for an unheard service based company which is working for Morgan Stanley client and is in a bit outdated tech stack but is offering me a 90% hike.
I am confused as even the big paying companies won't give me that much compensation but should I compromise on the tech stack, WLB and join as a DE consultant for a handsome salary?
Please offer your wisdom. Need it bad
If you have less responsibilities, would pick up the challenge.
Do research the hell out of that company though
40L at 4yoe isn't as uncommon as you think. Hundreds of companies offering that comp.
Make sure you have an option to come back if things don't work out.
A few consultant companies operate in niches and hire less. The mass recruiters often don't have the best clients.
Money is always good. I don't think you should skip this hike.
Come on its pretty uncommon
Please don't compromise on tech stack. Been there, done that. You won't be able to work whole heartedly. I regret doing same.
Risk is what if the client goes away - they will unlikely absorb u in another project - now they have critical skill requirement , they will take he’ll out of u - it is like a lot at stake for u … I do not think this would be a great move in long term
This is the biggest risk if client goes away.You need to be prepared for that scenario.As it is NOT EASY to get a job After a certain CTC.
It really depends on how much money and WLB is a priority to you.
Save yourself find something worthy, join ms if only full time employee
What’s your age? And are you married or have major financial responsibilities yet? If not, I’d say go for growth over money — especially since you already have good pay in hand. Once you hit senior roles, your growth and skills will decide your future earnings far more than one early salary jump.
Look for other offers
Do yourself a favor and skip this one. Companies like JP Morgan and other float tenders for short term contractual roles to fulfill urgent requirement. But these are often closed in a matter of months. 40Lpa with 4YOE would put you in a risk of being jobless as soon as JPMC is done with the requirement
When you say outdated tech stack what do you mean. Isn't the whole DE stack new.
Tech stack for DE I am aware of is SQL, Databricks, pyspark, any cloud GCP/AWS/Azure depending upon the client.
Add if I am missing and what are outdated stack.
