Jumping Ship

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 a worse work/life balance - but for a few years, who cares?
    • Or go to gentler, slower places with a permanent drop in income
• GR is really a pretty good deal in many ways at the moment.
  • I could stay there for 5 years and not have a mortgage any longer.
  • An alternative really needs to make its case

Next steps

• Check the contract terms so I know exactly what's involved
  • 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