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Eric Siu breaks down whether job-hopping every two years actually pays off. A Forbes study assumes 10% raises with each switch, but Siu moved from $40,000 to $60,000 by changing jobs, and notes this is common in Silicon Valley.
Eric Siu breaks down whether job-hopping every two years actually pays off. A Forbes study assumes 10% raises with each switch, but Siu moved from $40,000 to $60,000 by changing jobs, and notes this is common in Silicon Valley.
So should you actually quit your job every 2 years? Okay, so I did see that clip. And Vivian says that if you quit your job every 2 years, you'll earn on average over your lifetime at least double, right? She says if you don't quit your job, you'll earn 50% less over your lifetime. I actually think it's a lot more. So you actually make a lot more if you switch jobs every 2 years, because that Forbes study, I did look it up after the fact, it was accounting for a 10% raise every time you transitioned every 2 years. But you and I know if you've ever switched a job, like I switched jobs a few times in my 20s, my raise was much higher than 10%. I went One job, I went from $40,000 to $60,000 a year. That's a huge jump. That's not 10%. What is that, like 40%? And so if you think about that, if you can compound your salary that way, you're going to make a lot more money over the course of your career. And even the most successful people I know in Silicon Valley, I look up their LinkedIns, they're literally job hopping every 2 years. And now they're the VP of HR at NVIDIA and then boom, you know, so.
