Author Topic: Job Offer Review: Do I take it? Should I move closer?  (Read 389 times)

teltic

  • Bristles
  • ***
  • Posts: 273
Job Offer Review: Do I take it? Should I move closer?
« on: March 20, 2019, 08:40:04 AM »
YESSS!!!

After 4 interviews, and countering the offer twice... I finally have agreed to terms.  I work in finance with 5 years experience (masters in finance as well).

Current company (national defense)
Sal: $67k; 5% 401k match ($70,350 gross)
Handcuffs:  I'll have to pay back $12,500 in tuition, and  lose $5k in my 401k (ouch)
Cost of Healthcare:$1,285

New company (FinTech)
Sal: $85k; 15% bonus paid quarterly  ($97,750 gross)
Cost of Healthcare: Free

My current job is extremely boring/slow.  The new one sounds fast due to extreme growth.  I love what the company is doing... I'm a little worried about this 15% bonus, but HR assured me everyone usually get this...


What would you do?


If I do take the job (which honestly I'm leaning heavily towards), do I move?

Current apartment: 27 minute commute (24.2 miles), I pay ~600 a month (I live alone, this is below market rent.  I don't know why he's renting it out for so low)

Potential new apartment: 7 minute commute (2.2 miles), I'd pay ~550 a month (assuming I get 1 roommate).  I could get a 1 bed apartment for $900 (to compare apples to apples)


Any feedback is GREATLY appreicated!  Bahhh I'm so excited!!!!
« Last Edit: March 20, 2019, 10:30:02 AM by teltic »

plog

  • Stubble
  • **
  • Posts: 212
Re: Job Offer Review: Do I take it? Should I move closer?
« Reply #1 on: March 20, 2019, 08:46:53 AM »
Quote
After 4 interviews, and countering the offer twice... I finally have agreed to terms

 Where I am from "agreed to terms" means you already accepted the offer. 

As for moving, I'd give it at least 2 months, or longer depending on when your current lease runs out.

FIRE@50

  • Bristles
  • ***
  • Posts: 494
  • Age: 41
  • Location: Maryland
Re: Job Offer Review: Do I take it? Should I move closer?
« Reply #2 on: March 20, 2019, 08:48:21 AM »
I would take the job and move.

teltic

  • Bristles
  • ***
  • Posts: 273
Re: Job Offer Review: Do I take it? Should I move closer?
« Reply #3 on: March 20, 2019, 08:58:20 AM »
Quote
After 4 interviews, and countering the offer twice... I finally have agreed to terms

 Where I am from "agreed to terms" means you already accepted the offer. 

As for moving, I'd give it at least 2 months, or longer depending on when your current lease runs out.

Haha yes I've already agreed.  But I guess I do have the option of burning the bridge and saying no once my current company tries to counter (they won't match).

One good thing is my sister is currently homeless and can take over my apartment the second I tell you (shes currently living with parents, hates it, but knows my rent is so cheap).

Any reason why you suggest waiting on moving?

plog

  • Stubble
  • **
  • Posts: 212
Re: Job Offer Review: Do I take it? Should I move closer?
« Reply #4 on: March 20, 2019, 02:52:26 PM »
I wouldn't rearrange my life immediately for this job, especially since you don't seem 100% certain this is the right choice.   Plus in the meantime your commute won't be horrible.  Give it a bit and make sure before moving.