Most of the freshers have this question in mind that which one should be the final destination for a better career growth.
Well when we hear the word ‘startup’ 2-3 geeky coders working in a small space while sitting in the bean bag comes to our mind. On the other side when we think about a corporate job, hundred of people sitting in their desk and working for 9-5 flash in our head.
In MNCs they hire people with very specific skill sets to do a certain job and deliver it to the manager on time. So they hire people who will handle the clients and deal with chaos. Here hierarchy system is followed and everyone has to report to a Boss. So basically no one is the actual BOSS!
Also you must have heard of Corporate Politics so it’s somewhat not wrong.
While in a start-up every single assignment is a big task for employers.
In startup most of them are responsible & answerable for their own work to the whole team or may be the Founder. Hence politics is less as people are more work oriented.
Even in small accomplishments, whole team party together & chill.
Recognition and Authority
In MNC, a CEO is a person who takes the major decisions in the company. In startup, decision and discussion happens through every employee. As well as they have ability to voice their opinion.
Hence performance makes a major difference in a startup. It’s easy to get recognised in a small team and make a huge impact but in MNCs, even if you put-in day and night, recognition remains limited.
Each person in a startup has an ownership & his say in the work while in a corporate job your authority is almost negligible unless you are at the top position in the funnel.
Salary & payout
Level of job security is higher in MNC but transparency is lesser as compared to a startup. Pay growth is steady in Corporates. In startups one starts from a small pay scale but the success in his/her specific department can give an exponential pay hike to the employee. If the startup becomes successful, the ESOPs can make for a much bigger payout. But the fact that 9 out of 10 startups fail to make a big impact.
So what’s better?
So let’s start and understand the Pros and Cons of both the world then decide which fits as per your vision and attitude.
Working in a Corporate
A name that speaks for itself– Larger companies are usually industry known brand which creates an impact while self-branding.
Master a role or skill- Corporate positions tend to have more direct roles: If you’re in sales, you sell. If you’re in customer service, you respond and help clients.
Fixing problems is a breeze- With these highly specialised roles, everyone knows who to reach out to when a new problem occurs.
Bigger benefits packages– They can usually offer their employees excellent perks such as private health care, pensions, childcare and corporate discounts. Sometimes, a bigger company can mean a bigger salary, too.
ZERO Influence- It’s really hard to make an impact or create an influence.
No Risks- Corporate or large companies are afraid to take risks. You cannot walk into the VP’s door with an idea that has the potential to increase income by 20%.
Less job satisfaction– As a tiny cog in a massive machine, it’s hard to truly see the value of your work.
Growing Pains– You may crush your role and beat everyone else around, but that doesn’t guarantee you that next promotion you’ve been wanting.
Working in a Start-up
GAIN Skills –If you have no clue what you want to do, a startup role can help you gain skills and insight into multiple positions.
Equity- Get in early with a startup who makes it big and you’ll never have to worry about money again!
More Responsibility/Learning Opportunities– The smaller the startup, the more frequently you’ll be picking up new responsibilities because there are simply fewer people to tackle any given challenge.
Opportunity to experiment & be Innovative- it allows you to grow your skill set and try new things. Startups need to grow fast, and this comes from employees innovating and trying new things.
You’ll need to solve problems on your own– There will be no teams you can defer to, or at least not the ones you have at corporate companies
The workload is heavy- with few holidays and vacations. Startups must capitalise on trends quickly, and early growth is vital. Work-life balance is a struggle.
Job stability/security- You’ll love your job, but you never know how long it will be there. Also, if the Startup is smart, they will only keep those around who are adding maximum value.
Well we hope If you are confused enough to decide, this blog gives you some insight of both the worlds and might help you in deciding which is better for your career.