It’s very easy to get swept up by the startup hype. While there are numerous benefits to taking a startup job, it might not always be the best choice. There are also big plus points to joining an established company (such as a consultancy, a large tech company, or a corporate) - and here, we run down five good reasons to opt for a corporate job over a startup gig.
1. You’ll reap the benefits of a brand name
The value that having a big and recognizable name of your CV is considerable. When people see that you have worked at a well-known company, in their mind, you’ll embody the traits of that company, and they will think of you in a positive light. This will pay dividends for your future career, and recruiters and employers you interact with will be impressed by the name. Being part of a prestigious company will also mean that you will have access to a network of smart and talented people, which can open up even more doors for you in the future.
2. You’ll experience deep learning opportunities
In the hustle-heavy environment of a startup, you will often take care of many tasks, which can make you a jack of all trades but a master of none. As part of a corporate job, you’ll have the opportunity to hone your skills in an area and become an expert in that field. This will help you to move along a defined career path and make you a valuable asset to future employers who may require your particular set of skills. You will also be able to see firsthand how a large business runs and what success looks like at scale.
3. There is a defined structure
When you join a corporate, your job and work will be clearly defined, and you’ll know precisely what is expected of you. Often, you’ll receive extensive and well-structured training to prepare you for the role. This is in stark contrast to a startup where you are often left to learn on the job and pick things up as you go. At a corporate, you’ll be guided on best practices and industry standards. Career paths are also more properly defined in a large company, and you’ll be able to see what your next move will be.
4. Your projects will be on a bigger scale
Corporates, by their very nature, operate at a much bigger scale than startups. Often, they will have offices in multiple locations around the world. This means that the work you do can often have a global impact, and a product you help build can have an effect in countries that you have never even set foot in before. A corporate often has much more resources at its disposal than a startup does, meaning good ideas can usually get the backing they need to become a global success.
5. The perks and benefits will be tangible
A startup might have a casual dress code, table tennis in the office, and drinks on Fridays, but will it offer you a retirement plan? Will it offer an employee development program that pays for a Master’s or MBA at a business school? The answer is probably no. A major advantage of taking a role in an established company is that employee benefit programs like health insurance and pension plans are standard. A corporate also has the necessary resources to invest in your professional development, and the training courses and further educational opportunities they provide can lead to real long-term success.