Coming up on the dawn of my fourth decade with the same company. By all measures, I've been compensated handsomely as the company grew.
It only worked because of growth: both of the company and of my personal development at every stage in the growth. It's been like changing companies 4-5 times, but with no risk of getting into a situation I regretted. And a lot of my peers jumped at 10% raises or minor status improvements, and fell behind.
If you can hit the right company in the right market at the right time in its growth, prove yourself valuable and acquire equity, you will find many professional challenges that will far outweigh job-hopping for short term bumps. Take risks on this if you are under 30.
I can't emphasize enough the importance of growth and health of the company though. FAANGs get all the joy from eager 22-year-olds and antsy 25-year-olds, but at some point each of those companies were 200 or 500 or 1000 person companies--when it made a lot more sense to join.
My advice: pick a small, promising company in a field that holds risk but will still be relevant 30 or more years from now, and build your career there.
It only worked because of growth: both of the company and of my personal development at every stage in the growth. It's been like changing companies 4-5 times, but with no risk of getting into a situation I regretted. And a lot of my peers jumped at 10% raises or minor status improvements, and fell behind.
If you can hit the right company in the right market at the right time in its growth, prove yourself valuable and acquire equity, you will find many professional challenges that will far outweigh job-hopping for short term bumps. Take risks on this if you are under 30.
I can't emphasize enough the importance of growth and health of the company though. FAANGs get all the joy from eager 22-year-olds and antsy 25-year-olds, but at some point each of those companies were 200 or 500 or 1000 person companies--when it made a lot more sense to join.
My advice: pick a small, promising company in a field that holds risk but will still be relevant 30 or more years from now, and build your career there.