I Got a 40% Raise by Switching Jobs - Heres What I Learned

Three years at my company. Three annual reviews that all said "exceeds expectations." Three years of taking on more responsibility, mentoring new hires, leading projects that my manager took credit for. And my total salary increase over those three years? Nine percent. Not nine percent per year. Nine percent total. I went from $68,000 to $74,000 over three years while doing the work of someone making $95,000. Then I quit and got that $95,000 job. Actually, I got $98,000 plus a $15,000 signing bonus. The math still makes me dizzy when I think about it. This is the story of how I finally understood my market value, found the courage to leave a comfortable job, and increased my income by 40% in one move. ## Why I Stayed Too Long Before I tell you how I left, you need to understand why I stayed. Because if you are in a similar situation, you probably have similar reasons keeping you stuck. **I liked my team.** My immediate coworkers were great. We had lunch together, complained about upper management together, genuinely enjoyed working together. Leaving felt like abandoning them. **I knew the systems.** After three years, I could do my job on autopilot. I knew every quirk of our legacy software, every shortcut in our processes, every person to contact for every type of problem. Starting over somewhere new sounded exhausting. **The devil you know.** My job was not terrible. It was fine. Stable, predictable, rarely stressful. Was more money worth risking that stability? **Fear of rejection.** What if I applied to other companies and discovered I was not as good as I thought? What if I was actually worth exactly what they were paying me? **The raise was always coming.** Every year, my manager assured me that my hard work was noticed and that a significant raise was coming in the next cycle. Every year, I got 3% and promises for next time. ## The Wake-Up Call A coworker quit. Not just any coworker - someone with the same job title, same experience level, same responsibilities. She left for a competitor. We had been work friends for two years. Over coffee a few weeks after she started her new job, she told me what she was making now. She got a 35% raise. Same skillset. Same experience. Different company, way more money. I went home that night and could not sleep. I was angry - not at her, but at myself. How long had I been underpaid? How much money had I left on the table because I was too comfortable to look around? The next morning, I updated my LinkedIn and set my status to "open to work" (visible only to recruiters, not to my company). Within a week, my inbox was flooded. ## The Research Phase Before I started interviewing, I needed to know my number. What was the market rate for my skills and experience? I gathered data from everywhere I could find it: **Glassdoor salary data** for my job title in my city. Range was $75,000 to $110,000, with a median around $88,000. **Levels.fyi** for more detailed compensation data including bonuses and equity at specific companies. **LinkedIn salary insights** for roles similar to mine. **Talking to people.** I reached out to former colleagues who had moved on and asked what the market looked like. This was uncomfortable but incredibly valuable. **Recruiter conversations.** When recruiters reached out, I asked about salary ranges before agreeing to interviews. No point wasting time on roles that would pay the same as my current job. After two weeks of research, I concluded that I should be making between $90,000 and $100,000. I was being underpaid by at least $15,000 a year. Probably more. That meant I had left approximately $45,000 on the table over three years by not job searching sooner. That number made me physically ill. ## The Job Search Process I treated the job search like a part-time job, dedicating 10-15 hours per week outside of work hours. **Week 1-2: Preparation.** Updated my resume with quantifiable achievements. Not "managed social media" but "grew social media engagement by 47% over 18 months, resulting in 12% increase in qualified leads." Numbers matter. **Week 3-4: Applications.** I applied to 25 positions that met my criteria. Not spray and pray - targeted applications to companies I actually wanted to work for, with customized cover letters. **Week 5-8: Interviews.** Phone screens, then virtual interviews, then final rounds. I was interviewing at three companies simultaneously, which gave me leverage and options. **Week 9: Offers.** Two offers came in within three days of each other. One for $92,000, one for $98,000 with the signing bonus. ## What Made the Difference in Interviews I had interviewed before and failed. This time, I did things differently. **I researched obsessively.** For each company, I knew their products, their competitors, their recent news, their challenges. I came with specific ideas for how I could contribute. **I asked hard questions.** Why is this position open? What happened to the previous person? What does success look like in the first year? What are the biggest challenges the team faces? Interviewers respected the directness. **I talked about results, not responsibilities.** Nobody cares that you "were responsible for" something. They care about what you actually accomplished and the impact it had. **I negotiated.** When the first offer came in at $92,000, I asked for $100,000. They came back with $95,000. I told them I had another offer I was considering. They went to $98,000 plus a $15,000 signing bonus. If I had not negotiated, I would have left $21,000 on the table. Just by asking. ## The Resignation Conversation This was the part I dreaded most. My manager was a decent person who had always been supportive of my development, even if he had not fought for my compensation. I scheduled a private meeting and kept it professional. "I have accepted an offer at another company. My last day will be two weeks from today." He was surprised. Then disappointed. Then he asked what it would take to keep me. Here is where it got interesting. He came back the next day with a counter-offer: a $15,000 raise, effective immediately, plus a commitment for a promotion within six months. I had already accepted the other offer, so I declined. But that moment was clarifying. They could have paid me more this whole time. They just chose not to until I forced their hand. If they can match your outside offer, they could have paid you that amount already. They just did not value you enough until you were about to walk out the door. That says something about how they see you. ## The Transition My last two weeks were bittersweet. I documented everything. I trained my replacement as best I could. I said goodbye to colleagues I genuinely cared about. Some people reacted poorly. One coworker was resentful - she felt stuck and my leaving highlighted her own stuckness. My manager was cordial but distant, probably feeling betrayed despite knowing it was business. But most people congratulated me. Several asked me privately about the job market, inspired to start their own searches. Good people leave bad situations, and sometimes that gives others permission to do the same. ## Six Months at the New Job I want to be honest: the transition was hard. The first month, I felt like an idiot. New systems, new people, new processes. Everything I knew at my old job was irrelevant. I went from being the expert to being the newbie, and my ego took a hit. The second month, things started clicking. I started seeing why they hired me - I brought perspectives and skills they did not have internally. My "outside" experience was actually valuable. By month three, I was contributing meaningfully. By month six, I had already had more impact than I had in my last year at the old company. And the extra $25,000+ per year? It changed my financial life. I maxed out my 401k for the first time. I built a real emergency fund. I paid off the last of my credit card debt. The salary increase was life-changing. ## What I Wish I Had Known Earlier **Loyalty is rarely rewarded.** The days of 30-year careers at one company with a pension at the end are over. Companies will lay you off without hesitation if it benefits their bottom line. You should approach your career with the same pragmatism. **The only way to get market rate is to test the market.** Internal raises are almost always smaller than what you can get by switching companies. The statistics support this - job switchers typically get 10-20% increases, while internal raises average 3-4%. **Interviewing is a skill that atrophies.** If you have not interviewed in years, you will be rusty. Even if you love your job, doing occasional interviews keeps your skills sharp and your knowledge of your market value current. **Your company is not your family.** I hear this phrase a lot, and it is manipulative. Families do not eliminate positions when revenue dips. The relationship between employer and employee is transactional, and pretending otherwise benefits only the employer. **You are probably underpaid.** Most people are. Companies have every incentive to pay you as little as possible while extracting maximum value from your labor. The only check on this is your willingness to leave for better pay elsewhere. ## Advice for Someone Considering a Jump **Start before you are desperate.** Job searching takes time. If you wait until you hate your job or get laid off, you will be negotiating from weakness. **Know your number.** Research until you have a confident range for your market value. Then aim for the upper end of that range. **Practice interviewing.** Do mock interviews with friends. Record yourself answering common questions. The awkwardness of practice is better than the awkwardness of a real interview you are not prepared for. **Create leverage.** Having multiple offers changes the dynamic completely. You stop being a supplicant and start being someone with options. **Negotiate.** Always. Even if the initial offer seems fair. The worst they can say is no, and most of the time they have room to go higher. **Keep relationships intact.** The industry is smaller than you think. The coworker you leave behind might be your boss someday, or might have a referral for your next job. Leave gracefully. ## One Year Later It has been fourteen months since I changed jobs. My old company had a round of layoffs six months after I left. Several of my former teammates reached out, suddenly interested in job search advice. I have since been promoted and gotten another raise. My total compensation is now $118,000 - almost double what I was making three years ago. But more than the money, my career has momentum now. I am learning new skills, tackling bigger challenges, working with smart people who push me to improve. I am not coasting anymore. The comfort zone I was so afraid to leave? In retrospect, it was not comfort - it was stagnation. If you are reading this and recognizing yourself in my old situation, I want you to know that the fear is normal. Leaving a stable job for the unknown is scary. But staying underpaid and undervalued is scarier in the long run. Start researching. Update your resume. Set your LinkedIn to open for opportunities. You might be surprised what you are actually worth.

I Got a 40% Raise by Switching Jobs - Heres What I Learned

Helpful Resources

Related Articles on Articalo

External Resources

jessica_brown

Comments (0)

Related Posts

Remote Work Changed My Life - And Not How You Think

About Author

jessica_brown

Popular Posts

Categories

Related Posts

Subscribe to Newsletter