All,
I'm in a bit of a quandary. At my current company I just came up for a promotion, but they were taking there sweet time, so I managed to get a job offer from another company, forcing an expedited counter-offer from my current company.
Here are the two offers and how it affect me:
Job 1:Current job
$46,000/yr (with about 3% yearly merit increases each year judging by my past history with them)
3% in employee 401k match (we'll say vested at 60% for simplicity)=$803
$5,400 one time relocation expenses (revokes if I leave in a year)
$2,000 one time bonus (revokes if I leave in a year)
$2,000 in tuition reimbursement/yr (I'll be getting my MBA via night school)
Yearly costs per paycheck (medical, dental, vision)=$1,452
So a 1 year take of approximately $54,751 (I'm not planning on being there much more than a year, ideally)
Pros: Like how an internal promotion looks on my resume
Will have a lot of autonomy and freedom to set my schedule
Established company
Cons: Will require me to relocate about an hour and a half away from where I currently am in a religious, conservative city that just isn't quite my vibe
Even after relocating will still be several hours of driving a few night a week for business school, which is not in that town.
Company is slowly dying (but may be 5-10 years before they realize)
Job 2:
$55,000 year (no merit increases)
$14k worth of restricted stock (I'm treating this as $0, as there's no guarantee it'll be worth anything)
Free phone plan=$420/yr
Free gym membership=$540/yr
Yearly costs per paycheck (medical, dental vision)=$2,189
So $53,770/yr (could see myself being there several years, just depends how I like it)
Pros: Unlimited vacation
New challenge
Get to experience a variety of sides of the company, since it's still relatively small
A quick ten minute drive to work
Cons: What if I don't like it? May not be creatively rewarding.
More established office hours (I'm used to having pretty free reign)
Start-up (albeit an established one)
About me: Fortunate to live relatively frugally naturally. Not hurting for cash, but also definitely not FIRE (and I wouldn't say that's the goal at all costs, workplace happiness definitely matters).
I've received a bevy of good advice from friends, family, and colleagues. Now it's your turn :)
Look forward to hearing from you all!