I spent too long expecting things to improve internally, but the better opportunities seemed to go to a select few. Once I moved on, I got a $30,000 pay increase and finally had access to more challenging work. If you're feeling stuck, start comparing what other companies have to offer instead of assuming another internal opportunity will come along.
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@106 brutal but not wrong.
No excuse for hair and shoes like that for any self-respecting gala-goer making that sort of money.
Sadly Schwab has a lot of gatekeepers in leadership positions and it’s easy to fall into the trap of thinking they determine your value, which they might at Schwab, but they don’t everywhere else.
Current leadership at Schwab seems to focus on branding, visibility and executive presence (i.e. LinkedIn posts full of gala photos, conference photos, panel photos, vacation photos). Basically nonstop self-promotion dressed up as leadership, or more specifically, “authentic transformational leadership.”
Actual knowledge is a lot harder to fake than securing an invite to a gala. The good news is actual knowledge can help get you hired somewhere else. Now at Schwab, that gala pic just might help someone land the CRO role if the current guy ever retires. We’ll see!
Everyone must find their path but a good rule is to always interview every three years. Why? It keeps the skill fresh and the only way you’ll get an actual raise is to leave. Far too many take a 3% merit in a 4% inflation market and think it’s fine. It isn’t.
Show me one person who quit and later had regrets
I agree 100%. I applied externally not long and received a job offer, which I wasn’t able to accept (long story, which had to do with some personal obligations at the time). That said, we are in talks for a future position.
What’s important is it was a lateral move with a $50,000 increase in pay. That offer was without any type of negotiations; it was their opening offer. The benefits were almost identical to what is offered in our company. The work was definitely more challenging, but in a good way. Oh, and it was remote. And not remote without job security; remote in that remote is a normal way that they operate.
Were there going to be trade offs? Yes. No sabbatical. Actually having to use my brain and skills on the regular (so no dialing it in). Expected to know what you’re doing without being taught how to do everything or using a procedural job aid for everything. In other words, know your stuff and work like an adult.
So I agree with OP. I’m not saying leave, but OP is right in that exploring options is not a bad thing. It can be very eye opening.