If you’re considering joining a hot startup or a big tech company, you may want to weigh the differences — in terms of dollars in your bank account. The StartupDigest quantifies the loss for you.
According to data gathered from startup employees who are part of the StartupDigest community, if you work for a startup that has raised millions in funding, your base salary will be 5 to 10 per cent lower than you’d get at bigger tech companies like Microsoft or Google (though specific companies weren’t mentioned for the sake of privacy).
And sure, you’ll get some benefits like health insurance, but when it comes to other things like tax-free retirement plans, don’t count on it. If you have to move, then you’ll likely be footing the bill.
Things like stock options or ALL THE FUN that comes with working at a startup may make up for cut in pay.
Are you still torn between money and the thrill of working in a scrappy startup?