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Which one would you choose?

 
Rancher
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Job A(current):
1. working for a very famous firm
2. salary okay
3. you have gotten used to the kind of work done; you try to learn new things on your own
4. established goodwill;
5. if you wait for another year or two you get opportunity to work onshore which triples your actual salary

Job B(the offer):
1. unknown firm; in operation for about 5 years
2. salary is double your current
3. job description sounds like work would be very consuming but will offer good learning exp
4. you will start as a junior
5. no onshore opportunity

Given A and B, which one would you choose?
 
Marshal
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What a nice question!

What are the risks of the new firm going bankrupt in January 2010?
 
Monu Tripathi
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Campbell Ritchie wrote:What a nice question!

What are the risks of the new firm going bankrupt in January 2010?


Thank you!

Honestly, I had never heard of this new firm until recently; I dont know much. From what I've heard and read, they help startups with product development. They provide Agile software product development and QA/testing services to such companies. They are based in US and have offshore development center in India. They have about dozen or so clients.
 
Campbell Ritchie
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How likely is it that you will get the 3× salary at your present place? Maybe you should go for the exciting post. But only you can decide for yourself.
 
Bartender
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You will have to decide this for yourself. It is a matter of personal taste. If the need for money is immediate then you can wait in your current position. Waiting is also a form of taking risk since you never know if the opportunity will materialize. You can take the new job and you will know for sure that the salary will double, however you do not know if the company is stable, as Campbell pointed out, which is another form of risk. But this risk seems to have the added incentive of more learning whether you like it or not. It may or may not be an incentive depending on how you look at it.

But wait a minute, the subject says 'Which one would you choose'. Given that I know very little about the situation, take this with a grain of salt. Job B looks attractive to me. But there are opportunities where you can get into a company that is well established, yet get a good salary with / without an onshore opportunity. Explore them too
 
Monu Tripathi
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thanks for your replies..

CR: I cannot get 3x at my current place unless I go onshore and that is not going to happen at least for a year.

I know I will have to find an answer to this question myself only that I have very less time (have to give them an answer by next week); If only I could see into the future...

 
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It has been my experience that working for small companies is more fun and rewarding (money, but more importantly knowledge and experience). People in big companies exchange documents, in small ones, they talk to other human beings.
I am with Campbell and Deepak here. I would go for B.

Just to back up my opinion
1) Fortune favors the brave
2) Who dares wins
3) Phoenix (the bird, not Arizona)
 
Campbell Ritchie
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I'm sure the Phoenix in Arizona is called after the bird.

I suspect it will take a lot of courage to make the decision . . . Good luck with it.
 
Author
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Also list your objectives and career aspirations. For example,

-- where you would like to be in 1 year, 3 years, and 5 years?
-- what skills and experience you would like to have acquired?

Try to marry, what is on offer with your goals and aspirations you had listed. This is never an easy decision to make. If there is a tie, go with your heart. Trust your instincts.



It has been my experience that working for small companies is more fun and rewarding (money, but more importantly knowledge and experience). People in big companies exchange documents, in small ones, they talk to other human beings.

Just to back up my opinion
1) Fortune favors the brave
2) Who dares wins




-- good points to take note of
 
Monu Tripathi
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many thanks guys for your counsel..
 
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