You are grossly underpaid at your current company. A company as large as the one that wants to hire you might be paying above market salary, but not by 3x. Say

You are grossly underpaid at your current company. A company as large as the one that wants to hire you might be paying above market salary, but not by 3x. Say you are making $50-60k, and they offered $75-90k but other developers make $150-200k. Staying at your current company is holding you back financially, do you should take the offer at the new company if everything else looks good (hours, workload, people). Don't bother with a counter offer from your current job for a jump that big. 25% is about as big as you want to go when threatening to leave. I would start the negotiations by letting them know you are aware of what people make and that you should be in line with that, or there should be a valid reason why not. That should get you somewhere between 1.5x and 3x. Big companies usually have strict raise guidelines so you might be capped at 5% a year so you need to get all you can in the initial negotiations.