What's your plan if you quit tech?
What's your plan if you quit tech?
I'm really not in a place to plan beyond that right now.
I'm curious, what did you mean by playing the game properly?
I did a masters of comp sci in my late 20s, and instead of going for FAANG internships, I took a role that was similar to what I was doing previously (Dev Infra/DevOps). I was stubborn and thought "Why would I be an intern? I was managing two teams at my last job", but didn't realize that FAANG interns actually made equal or more money than I did, and an entry level FAANG offer was much higher than the role I had accepted. I just didn't know, and I had nobody helping me.
So, here I am, mid-30s, making less than my peers at a trading company for the same work because I didn't come from FAANG. This is actually a big reason I'm ready to quit tech. It just doesn't seem worth it. A little over a year ago, I was hiring someone, and the internal recruiter slipped up on a phone call with me while talking about putting together an offer. They mentioned what an indirect report of mine made as a comparison. His base was more than my total comp. After that, I pretty much checked out for a year and did the bare minimum.
At this point, the only way for me to increase my comp is to move companies, likely to FAANG, and from what I hear, I'll be 'down-leveled' coming from outside of FAANG, and in a similar position I'm in now. At most non-FAANG companies, my next comp package will be driven off of my current one, so I'm pretty boned. It feels like the only option is to get competing offers from multiple top-tier companies, which I just don't have time for. My day job is already super draining, so I'm not sure how I'll have time to prep for interviews to the level that will get me those multiple offers.
That's a lot of text to say I'm underpaid, and have been for most of my career because I didn't know what I should be getting paid.
Also, I don't ever plan on retiring. I'll still have to work, I'll just have enough to where I can work for myself and in a less demanding type of role. I'll probably pick up consulting contracts, and maybe turn that into a business.
Edit: About 50% of my investments were building a small business on the side in my early 20s that I sold, and some real estate. This isn't all coming from tech job income.