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Money or Knowledge?

 
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Hi guys I'm applying for two different companies. One of them is quite generous and offers quite a lot of benefits/incentives but I get to work in a team of two. I currently have 8 months of experience from two different companies. Company A, the generous one and the other one, company B offers quite a lot of technical information I could acquire. Company B is composed of quite a lot of well-known people in the I.T. industry here in our country. However, company B doesn't really offer that much salary... Let's say I'm receiving $275.00 now, and on company B they would be giving me $313.00 with no overtime pay/incentives. I haven't negotiated on the other one yet but let's say they give me $400 with OT pay and support for certification, meal allowances(or free meal) but get to work with a Senior Developer only. If you were me, which would you choose? I am currently 21 years old if you need to know...
 
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As you are starting your career.....dont run after money......you need to learn and acquire knowledge....this would give you a market recognition.

Money will come automatically, if you are knowledgable.
 
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i totaly agree what Alfred said.
 
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yes, true said. once you have knowledge money will follow you.
 
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Originally posted by sachin yadav:
yes, true said. once you have knowledge money will follow you.



Is that guranteed?
 
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Nothing is guaranteed, only the probability is much higher.
 
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This is my $.02 and it's what I do, but you must do what's right for you.

I try to maximize my lifetime salary. This means that early in my career I never paid much attention to salary, but rather jobs that would teach me skills (not jst technical) and provide me with opportunities for career advancement. Your prime earning time is in your 40's and 50's. Getting 10% more earlier in your career means a lot less than 10% later on--unless you're very good at saving and investing it.

Need better: I actually don't maximize my lifetime salary per se; rather I maximize my lifetime "opportunities" which includes salary, benefits, job satisfaction, job choices, not excessive hours, good work culture, etc.

--Mark
 
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Originally posted by Mark Herschberg:
Getting 10% more earlier in your career means a lot less than 10% later on--unless you're very good at saving and investing it.
--Mark



Very well and truely said!!
I completely agree.
Specially, in India freshers are these days having multiple offers and just for the sake of extra 50K Rs or 1 lac they are changing the jobs without any heed to the fact whether they will end up learning more at one place vs the other.
If this trend goes on, I fear one day we'll kill the hen that lays eggs for us in want of more eggs.

Unfortunately, in India we have the attitude "Why me?". Everybody is doing this.Why shouldn't I do this?
I wish they could understand your concept.
 
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I believe your knowledge, skills will earn money automatically. So ignore money factor durin intial stage of career and gain as much knowledge and skills which will give you good money in later stages of your career.

For example in India why IIT freshers are getting more salary in their campus interviews compare to other freshers from other colleges? It is just because IITians already proofed that they are more competitive and more knowledge before joining IIT.

Good Luck
 
Timothy Sam
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Hi, thank you for your wonderful suggestions! To give you further insights about my current situation... I have not resigned from my company and I'm still waiting for their responses. These two companies mainly company A and Company B, the latter being the one which I think could provide me more technical knowledge but then... I am not sure...

There is another thing which I'm thinking thouroughly since Company B's nature of technology is very diverse... Meaning they use different sets of technologies other than Java, is it a good thing to be exposed to these other technologies(e.g. C++, Ruby, Java, ) or is it better to just concentrate with one? My nature is also that I have a diverse set of technologies that I know.

One more thing, I've been with two other companies before in my 8 month career... Those are both startup companies and Company B is just as the same... It's a startup company while Company A is already stable financially, and the company is just as generous as to give me the trainings I may need(I guess). I guess I had a trauma joining these startup companies before from my experience I never really get to enjoy working with them in the end....

[ August 26, 2006: Message edited by: Timothy Sam ]
[ August 26, 2006: Message edited by: Timothy Sam ]
 
pankaj shukla
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Originally posted by Timothy Sam:

One more thing, I've been with two other companies before in my 8 month career...

[ August 26, 2006: Message edited by: Timothy Sam ]

[ August 26, 2006: Message edited by: Timothy Sam ]



Now this requires a serious thinking from your side.
With in 8-9 months this will be your third company.
This is as bad as it can get.
Personally, I don't think being a jack of all trades pays in the long run.
Rest you decide!!
To me you already look like a spoilt case.
 
Timothy Sam
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To me you already look like a spoilt case



What do you mean by this?

Well... Some people are just not as lucky as other people are. I have my reasons for quitting the job, and the job before.
 
Mark Herschberg
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Originally posted by pankaj shukla:

Unfortunately, in India we have the attitude "Why me?". Everybody is doing this.Why shouldn't I do this?



Have you ever known any highly successful person (Ghandi, Martin Luther King, Steve Jobs, Bill Gates, Einstein, Halileo, etc) who said, "I should do it this way because everybody else is doing it like this?"

--Mark
 
pankaj shukla
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Originally posted by Mark Herschberg:


Have you ever known any highly successful person (Ghandi, Martin Luther King, Steve Jobs, Bill Gates, Einstein, Halileo, etc) who said, "I should do it this way because everybody else is doing it like this?"

--Mark



I agree with you to a great extent but the names that you have taken are the people who have made great contribution to the mankind.
Software professionals who jump from one job to the other for mere 50K Rs(not even dollors) cannot be expected to show such character.
Nobody is perfect including me and you Mark but I believe if we software professionals have even 1% of the integrity and passion of such great people, our life will be worth it.

And expecting it from job-hoppers for some money??Well, are you looking for oxygen on Moon?
 
pankaj shukla
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Originally posted by Timothy Sam:


What do you mean by this?

Well... Some people are just not as lucky as other people are. I have my reasons for quitting the job, and the job before.



Timothy,

If you say that you are not a job-hopper and you had your reasons then you can and should take it in a lighter vein. It should not trouble you.
All the best for your new job and select your new employer with utmost care.

All the best again.
 
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In my case, I had an opportunity to make what I thought was a lot of money, instead of pursuing a Bachelor's degree. If I had chosen to go to a 4 year institution, I would have had the ability to pick whichever place I wanted (great reference from people that mattered). In my case, I chose the money and after a few years was regularly increasing my salary double percentage points every year. Do I wish I had gone to the college? Yeah, I'm sure I'd have been making at least what I make now if I had gone.

However, my personality is not one that would have done well sitting in a classroom or library studying. I'm more aggressive than that and am a risk-taker. I believe the greater the risk, the greater the reward. I believe that you have to get your hands dirty, work the long hours, and be innovative to be successful. I chose more entrepreneurial goals than knowledge and have done fairly well.

So, here's my suggestion. Find out how entrepreneurial you are. Are you someone that likes taking big risks, or are you someone that would rather live life less dangerously? Are you a visionary, or do you prefer to have someone guide you? The pursuit of knowledge is a far nobler cause than the pursuit of money. But, without those who are willing to pursue money, the knowledgable wouldn't have jobs.

The world needs leaders just as much as it needs followers. If you have the opportunity to greatly expand yourself and you are entrepreneurial, go for the money. You can always hire someone with knowledge. Be careful though, the downside of risk is harsh. If you commit and lose, be prepared for a long climb back to the top.
 
Sumit Chopra
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Originally posted by Mike Van:
In my case, I had an opportunity to make what I thought was a lot of money, instead of pursuing a Bachelor's degree. If I had chosen to go to a 4 year institution, I would have had the ability to pick whichever place I wanted (great reference from people that mattered). In my case, I chose the money and after a few years was regularly increasing my salary double percentage points every year. Do I wish I had gone to the college? Yeah, I'm sure I'd have been making at least what I make now if I had gone.

However, my personality is not one that would have done well sitting in a classroom or library studying. I'm more aggressive than that and am a risk-taker. I believe the greater the risk, the greater the reward. I believe that you have to get your hands dirty, work the long hours, and be innovative to be successful. I chose more entrepreneurial goals than knowledge and have done fairly well.

So, here's my suggestion. Find out how entrepreneurial you are. Are you someone that likes taking big risks, or are you someone that would rather live life less dangerously? Are you a visionary, or do you prefer to have someone guide you? The pursuit of knowledge is a far nobler cause than the pursuit of money. But, without those who are willing to pursue money, the knowledgable wouldn't have jobs.

The world needs leaders just as much as it needs followers. If you have the opportunity to greatly expand yourself and you are entrepreneurial, go for the money. You can always hire someone with knowledge. Be careful though, the downside of risk is harsh. If you commit and lose, be prepared for a long climb back to the top.



Very well said. I really liked it and it did make me think..
 
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The world needs leaders just as much as it needs followers. If you have the opportunity to greatly expand yourself and you are entrepreneurial, go for the money. You can always hire someone with knowledge. Be careful though, the downside of risk is harsh. If you commit and lose, be prepared for a long climb back to the top.




Very well said , Mike. Thats true.
-Surya
 
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