Difference between revisions of "Jumping Ship"

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** I might get some help from JS but it's not guaranteed.
** I might get some help from JS but it's not guaranteed.
* Risk
* Risk
** This is the biggie. What happens if I go to Jane Street and it doesn't work out?
** This is the biggie. '''What happens if I go to Jane Street and it doesn't work out?'''
** (If JS works out I could do very well. But this is not really about the money, right?)
** I'd need to try other places
** I'd need to try other places
*** Rokos maybe. More money but potentially a bad work/life balance
*** Rokos maybe. More money but potentially a bad work/life balance

Revision as of 21:03, 27 March 2024

So... what's involved?

  • Lost income during non-compete
    • I need to double-check contract, but about 9.5 * 6 = 57k of lost income during non-compete.
    • If I lose the engineering allowance during the 6 month notice period, that's maybe another 1.375*6 = 8.25k?
    • So maybe 65k in all
    • Maybe I'd get some contract work but I have no idea to what extent that practically be possible, need to research conditions
  • Lost bonus
    • Also, a year's worth of bonus is effectively written off, e.g. 2024.
    • There's an element of time-is-money over bonus, I need to get a move on there.
    • I might get some help from JS but it's not guaranteed.
  • Risk
    • This is the biggie. What happens if I go to Jane Street and it doesn't work out?
    • (If JS works out I could do very well. But this is not really about the money, right?)
    • I'd need to try other places
      • Rokos maybe. More money but potentially a bad work/life balance
      • Or go to gentler places with a permanent drop in income

Next steps

  • Check the contract
    • Do I get paid engineering allowance if I'm on notice to leave for a competitor?
    • What are the terms of the non-compete - how is this defined?
  • Draw up a firmer list of what's involved. What's your gut feel?
  • Discuss with Cath