How much of a Comp hit would you/did you take for your first in-house role? Current offer is ~25% less base than current BigLaw position (Patent, Software). Targeted the role because it will let me broaden my experience.
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Should I leave a fully remote job that pays $450K to $500K total comp (range due to equity) to take an offer that pays $550K to $600K but requires 3 to 4 days per week in office with a 45 min commute each way? Everything else is about the same. The new in office job has a slightly higher title and slightly bigger team, but a slightly smaller scope and maybe a little less work, and the new job is at a slightly bigger company (Fortune 500). Only at the current role for about 2 years.
Stay at current role71%
Fellow in-house warriors, please help me with a situation. I'm a solo GC, tech start-up, series C-ish. My CEO has become increasingly unhinged, obsessed with closing deals super quick such that he says he will measure how long legal takes. Wants to accept all terms, regardless of risk and even if something is objectively just wrong. Provides super unclear risk posture input or definitive instructions except to say "we can't spend time on legal". Contd. in comments..
I took about a 1/3 hit (all in including RSUs) with 4YOE so that sounds like a decent offer, especially if you are also getting bonus/some equity plan on top of that base. I know people who’ve taken closer to a 50% hit and still don’t regret it.
Thanks for the reply. Got a bit of a sticker shock I guess.
Why not speak in $$ to help advance the conversation?
I went in-house as an after 3.5 years for a TC of 330. My wife went in house after 2 years for a TC of 180
I think it’s combo of years of experience and practice area
17.5% reduction in base comp and 16% reduction in total comp. Work about 40% less. Well worth it.
General corporate but in reality it’s mostly commercial
Sounds about right. The hit is easier if you’ve paid off your loans and saved a downpayment nest egg.
what’s your YOE? It sounds like you are less than 5YOE, and it also sounds like this will be your first in house role.
yeah its your first in house offer, dont assess purely on the salary, assess the culture and the fit
I took a pay cut of about $20k to go in house during my 3rd year