From Technical Learning Rate Point of View
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Many fresher’s have this
doubt whether I have to start my career with a well-established giant
corporation like TCS, IBM , Infosys… or a start-up.
Reason for going for
bigger companies
Though having this doubt
without much investigation, they go for bigger names blindly for two main
reasons
·
I don’t want to take any risk on earnings,
- My
parents and relatives suggested/forced me to choose bigger firms as they
are secure.
Come on ! The generation of being conservative is gone.
This is the time to be
innovative/creative/disruptive in thinking. I would suggest you to think well
before deciding.
I don’t want to sound
diplomatic and confuse you more saying that both has its own pros and cons.
I will not try to give a exhaustive list of
items comparing them and leaving the decision to you.
I would suggest you to go
with a start-up!!! Only point is try to choose the start-up that suits your
passion.
Why start-up?
It’s all learning from day
one. You are in a sea where not many around you know how to swim in that water,
you learn it by yourself.
Learning something by
experiencing it lasts longer than learning from someone who experienced it.
The beginning of
anyone’s career is to learn more, and if you learn the basics initially
perfectly, your future will promise you more earnings.
I see many people
struck up with IBM, TCS, Accenture, etc for many years, it’s not because they
liked the company or they are earning more consistently, it’s just because they
are struck.
Their
technical learning is limited to the proprietary frameworks of that company.
A simple case study
Mr. A started with a small
start-up firm and Mr. B started with a big firm.
Mr. A is consistently
learning new technologies and of course good at basics.
Mr. A knows how to deal
with a issue with minimum resources available around him.
Mr. A’s earnings have
increased exponentially because of his good technical skills many companies
gave offers to him.
Mr. B is good at process.
Mr. B’s project gave him
less exposure to open-source technologies.
Mr. B’s salary has
increased only 5-10% per year consistently throughout his career.
The following graph
shows how A and B stack up in terms of Knowledge gained &
Salary over a period of
years.
As you can see, B’s Knowledge & Salary
stagnates over a period of time.
From Job Security point of View
*********************
When it comes to job security, a run of the mill corporation
will most likely offer security, better benefits, and structure.
There are certainly a number of perks that come with
taking a job at a startup, especially if it takes off. If you get in at the
ground floor you will be able to rise up the ranks as the company grows.
And if the startup succeeds, you will most likely hold a
significant stake in the company, which will pay off for the lower salary you
will have to take.
It’s hard to predict if a startup is viable.
Established corporations have a ton of data to fall back
on and you can easily research a big company to get a feel for how well it’s
doing and it’s trajectory.
You will also be able to find reviews from other
employees to get an idea of whether or not it’s a good fit for you and if the
company has a solid future.
Startups aren’t so easy to research and it's impossible
to know whether or not you are taking a job with the next Facebook or
Twitter.
However, if a startup is offering you a
job in something you are passionate about,
even if it fails, it will be a great way to craft your resume with the skills
you want for future job opportunities.
But if you’re just
thinking of taking the job for the sake of the free lunch and flexible hours,
it might not be the best choice. Plus, you might be surprised to find a number
of big companies offer "startup perks" such as working from home,
flex time, on site gym facilities, and more.
If you aren't sure about a startup's future, Fast Company
has a list of questions to ask yourself to better determine the potential
success of a startup.
Startups require a lot of dedication
Any job you take will require you to work hard if you
want to succeed, but at a startup you may be required to do more than you were
anticipating.
Since startups generally have smaller teams, there aren’t
as many people to help out on new projects or to troubleshoot when problems
arise.
At a startup you might have to go far outside your job
description or work late hours since you will be a critical part in the
company’s potential success.
Eric Johnson wrote
about his experience at a startup in an article for Forbes, and states that
while he gained valuable experience from his four years at a startup, he isn't
sure he'd be able to do it again.
At a big company, you can still go above and beyond, but there are more
people to help you get projects done and there will already be structured
procedures in place.
If you need more structure and a predictable schedule, a
big company will probably be able to offer you that more than a startup.
But if you're passionate about what you
do, and don't mind putting in the extra hours and doing whatever it takes to
succeed, a startup might be right for you.
Successful startups become large companies.
If you take a job with a startup, you will want to see it
grow and succeed so you can keep your job. However, the more success a startup
finds, the faster it becomes a large company.
And with that growth, you will see many of the startup
perks start to disintegrate. In the end, you might end up working for the large
company initially set out to avoid.
Three out of four startups fail.
Taking a job with a startup can be a huge risk,
especially considering the startup fail rate is three out of every four,
according to the Wall Street Journal.
Even 25 to 30 percent of venture backed business fail,
according to the National Venture Capital Association.
The truth is – behind the free lunches and scooters –
successful startups take a lot of hard work and passion from not only the
founder, but the employees.
Ultimately, deciding whether or not to
work for a startup will depend on your experience and personal goals.
For one person, startup culture might be a great fit,
while another might thrive better at a big company.
The key is to do your research on both
avenues and figure out if a startup or a big company suits your career goals
best.
Remember the following points while making a comparison.
1) Responsibility, accountability, impact
2) Risk
3) Opportunities for generalists
4) Ownership and leadership
7) Hiring
8) Financial incentive
9) Politics
10) Be a part of something bigger than you
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Jay Jagannath Swami Nayana Patha Gami Bhaba Tume Bhaba Tume ...
Mr. Tribikram Pradhan
Research Scholar, Dept. of CSE
Indian Institute of Technology, (BHU), Varanasi
E-Mail: tribikram14@gmail.com
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