{"id":6575,"date":"2016-02-01T09:37:19","date_gmt":"2016-02-01T09:37:19","guid":{"rendered":"https:\/\/www.monsterindia.com\/career-advice\/are-you-suited-for-a-startup-or-a-corporate-job-6575\/"},"modified":"2023-03-30T17:58:38","modified_gmt":"2023-03-30T12:28:38","slug":"are-you-suited-for-a-startup-or-a-corporate-job","status":"publish","type":"post","link":"https:\/\/www.foundit.sg\/career-advice\/are-you-suited-for-a-startup-or-a-corporate-job\/","title":{"rendered":"Are you suited for a startup or a corporate job?"},"content":{"rendered":"\n
\"startup<\/figure>\n\n\n\n

<\/span><\/p>\n\n\n\n

There was a time when scoring a first job in a big corporation was considered an early career triumph. Today, times have changed, and so have perceptions of success. \u201cI want to promote those who have the courage to fail,\u201d Prime Minister Narendra Modi said at the launch of the Start-Up Action Plan in January 2016. <\/span><\/p>\n\n\n\n

India is transitioning from a 9-to-5 work culture to a start-up environment, where employees are consciously forgoing stability in exchange for the promise of accelerated growth. According to Nasscom, start-ups accounted for 80,000 jobs in 2015 while the number of active investors in start-ups more than doubled from 220 in 2014 to 490 in 2015. The media is awash with stories of how bright young IIT and IIM graduates are leaving well-paying jobs to turn entrepreneurs.<\/span><\/p>\n\n\n\n

As a new graduate looking for work, you need to ask yourself \u2013 are you ready to take risks or are you more comfortable with safe rewards? <\/span><\/p>\n\n\n\n


Here\u2019s how to know whether you are suited for a corporate job or start-up:<\/span><\/h2>\n\n\n\n


<\/span>
Are you set on a career path or are you still looking?<\/span><\/strong><\/h3>\n\n\n\n


<\/span><\/strong>Unlike in established companies where responsibilities are clearly defined, employees in a start-up are expected perform several roles at once. With fewer people on the team, everyone is expected to pitch in wherever needed. This can be great when you have no idea what you want in a long-term career. Learning first-hand what you enjoy doing by performing multiple tasks will help you arrive at a more focused job description later on. <\/span><\/p>\n\n\n\n

However, if you already know the role you aspire to or career path you wish to take, a corporate job may be more suitable. With its structured workflow and specific deliverables, you\u2019ll be able to hone your skills without being sidetracked with additional responsibilities.<\/span><\/p>\n\n\n\n

What do you need to succeed?<\/strong><\/span><\/h3>\n\n\n\n


In a start-up, chances are your boss won\u2019t have much more experience than you do. You\u2019ll be thrust into a leadership position before you\u2019ve had a chance to be mentored yourself and may need to rely on your instincts and self-learning to master the tricks of your trade.<\/span><\/p>\n\n\n\n

In a corporate job, on the other hand, you\u2019ll have a great deal of handholding in the early years. <\/span><\/p>\n\n\n\n

So ask yourself \u2013 how do you learn best? If you\u2019re comfortable with trial-and-error, you may not need a corporate job to succeed. On the other hand, if mentoring and systems will help you advance into the position you want, a big company may be your best bet.<\/span><\/p>\n\n\n\n

Do you want to make an impact\u2026now?<\/strong><\/span><\/h3>\n\n\n\n


Do you find it frustrating when you\u2019re not involved in decision-making processes? That\u2019s what happens when you start at the bottom in a strictly hierarchical corporate structure. In a start-up, owing to its size and newness, you\u2019ll be given more authority and visibility.<\/span><\/p>\n\n\n\n

Are you a risk-taker?<\/strong><\/span><\/h3>\n\n\n\n


Start-ups are risky because you\u2019re building something from nothing. If the company receives funding, salaries will be raised and you may inch towards your market rate. However if the start-up doesn\u2019t do well, you\u2019ll be out of a job when the company runs out of money. It\u2019s disheartening, but remember \u2013 you are in the early stages of your career, so it will be easier for you to move on.<\/span><\/p>\n\n\n\n

A corporate job, on the other hand, involves little risk. So if you don\u2019t have the stomach for uncertainty, this may be the right choice for you.<\/span><\/p>\n\n\n\n

Are you flexible about pay?\u00a0<\/strong><\/span><\/h3>\n\n\n\n


Compensation is a key differentiator in the start-up versus corporate job debate. Many start-ups offer intangible perks, such as flexibility and a unique culture, in place of a steady income and benefits. And while the likelihood of you being offered equity or ownership of the company is higher with a start-up, to make a financial killing, you need to be among the first few employees. Who could forget Infosys, who is well known for making its early employees millionaires<\/a>, so much so its drivers, electricians were among the few who made it big.<\/span><\/p>\n\n\n\n

\"startup<\/figure>\n\n\n\n

<\/span><\/p>\n\n\n\n

Conclusion <\/strong><\/span><\/h2>\n\n\n\n


As a new graduate joining a start-up, you\u2019ll be guaranteed a multi-dimensional role whereas a corporate job will set on you on the straight and narrow. Both paths can lead to success; you need to decide which way to go based on your career goals. Will you flourish in an out-of the-box kind of set up, or are you more suited for a structured work environment? Your personality, work style and career needs will determine what\u2019s best for you.<\/span><\/p>\n\n\n\n

Like what you\u2019ve read? Join Monster <\/a>to get personalized articles and job recommendations\u2014and to help recruiters find you. And if you think you’re cut out for a StartUp career, find a StartUp job here<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

There was a time when scoring a first job in a big corporation was considered an early career triumph. Today, times have changed, and so have perceptions of success. \u201cI want to promote those who have the courage to fail,\u201d Prime Minister Narendra Modi said at the launch of the Start-Up Action Plan in January […]<\/p>\n","protected":false},"author":1,"featured_media":6576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-6575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-startups"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/6575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/comments?post=6575"}],"version-history":[{"count":1,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/6575\/revisions"}],"predecessor-version":[{"id":16355,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/posts\/6575\/revisions\/16355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/media\/6576"}],"wp:attachment":[{"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/media?parent=6575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/categories?post=6575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.foundit.sg\/career-advice\/wp-json\/wp\/v2\/tags?post=6575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}