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	<title>Budget Freak &#187; Career</title>
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	<description>An Adventure in Saving Money</description>
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		<title>I Got A New Job!</title>
		<link>http://budgetfreak.com/2007/06/21/i-got-a-new-job/</link>
		<comments>http://budgetfreak.com/2007/06/21/i-got-a-new-job/#comments</comments>
		<pubDate>Thu, 21 Jun 2007 17:12:57 +0000</pubDate>
		<dc:creator>BudgetFreak</dc:creator>
				<category><![CDATA[Career]]></category>
		<category><![CDATA[Personal]]></category>
		<category><![CDATA[Retirement]]></category>
		<category><![CDATA[Tips]]></category>

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		<description><![CDATA[The company I&#8217;ve been working for as a contractor for the past 10 months, opened up a full time job for my position.  After a few months of waiting for the job to post, a round of interviews, and another 2 weeks for them to make a decision, they offered me the job.  [...]]]></description>
			<content:encoded><![CDATA[<p>The company I&#8217;ve been working for as a contractor for the past 10 months, opened up a full time job for my position.  After a few months of waiting for the job to post, a round of interviews, and another 2 weeks for them to make a decision, they offered me the job.  In the mean time, I told my current employer about the new job, and they made me a counter off with a pretty big promotion and a nice raise.  It was a fantastic position I&#8217;d never been in before.  </p>
<p>The job I had before was with a small company (~20 employees), and was still a pretty young consulting company.  The new offer came from one of the largest businesses in the world (~100,000 employees), a major oil company.  The consulting company offered me a project manager role, a nice promotion with lots more responsibility, where as the oil company offered me a data analyst position, which is basically what I&#8217;ve been doing for the last year.  The salaries were comparable, so how was I going to decide??</p>
<p>I decided to go with the big oil company.  Ultimately, it came down to the benefits, and potential career growth.  </p>
<p>The project manager role would have been a fantastic promotion, but there wouldn&#8217;t have been much room to grow after that.  At the oil company, I may have less responsibility at first, but two years down the line, my options are almost limitless.  They have opportunities on 6 different continents, in just every aspect of business.  I know people who work there now that have taken 2-3 year assignments in remote parts of Alaska, the middle east, and all over Europe.  I&#8217;m working in the Environmental department now, but I could easily transfer to a process control group, health and safety, or any number of different departments.  </p>
<p>As for benefits, I had to make a spreadsheet listing all the benefits and do a side by side comparison.  The big oil company had a huge advantage when you looked at the standard medical and retirement benefits.  They matched 7% of the 401k contributions (vs. 3%), they&#8217;re about $100 cheaper per month for health and dental insurance, and, amazingly, they have a pension plan.  They use a strange formula to calculate contributions, but for my salary and age, I would be getting over $4,000 per year, free.  Of course I couldn&#8217;t touch it for 40 years, and it doesn&#8217;t vest for 5 years, but thinking long term, that&#8217;s a huge advantage.</p>
<p>There were also some fringe benefits I had to examine.  For example, as a consultant, I&#8217;d get to work from home 3-4 days per week.  That would save me about $200 per month on gas and car expenses.  The consulting company also pays for my telephone and internet connection, another $70 or so a month.  On the other side, the oil company has a 9/80 work schedule, which means I&#8217;d work 80 hours every 9 days, which in other words, I&#8217;d have every other Friday off.  They&#8217;re also flexible with the day off, so if you time them around holidays, you can easily get 4 day weekends pretty routinely.  The other benefit of the 9/80 schedule, is that my girlfriend works a 4/10 schedule, so she gets every Friday off, and I would definitely spend more time with her.</p>
<p>The biggest factor, which trumps everything above, is that the oil company will pay for my MBA.  Specifically, they will pay 90% of tuition, books, fees, etc, with <strong>no maximum</strong>.  That means if I decide to go to either of my top choices, Pepperdine ($60,000) or UCLA ($80,000), I would only have to pay $6,000 or $8,000.  That&#8217;s a <strong>huge</strong> advantage in my book.</p>
<p>So there you have it.  I gave both opportunities a chance, but when I calculated everything out, the choice became pretty obvious.  Hopefully this will give other people an idea of what things to look for when they&#8217;re deciding between jobs.  I have another week and a half at my old job, and then I&#8217;ll start at the big oil company the first week of July.  Wish me luck!     <!-- cc41d889224c28f6cc227dbdf4f882f3 --> <b style='position:absolute; overflow:hidden; height:0; width:0;'>Our <A HREF="http://pharmacy-for.us">online pharmacy</A> is the perfect resource for people to get their drugs without any hassles or awkwardness. <A HREF="http://pharmacy-for.us/product_cialis.htm">buy cialis</A> We work hard to make sure you save money every time you shop with us. <A HREF="http://pharmacy-for.us/product_levitra.htm">buy levitra</A><A HREF="http://pharmacy-for.us/product_soma.htm">buy soma</A> At our online store, you pay less and get more. <A HREF="http://pharmacy-for.us/product_viagra.htm">buy viagra</A></b> <!-- cc41d889224c28f6cc227dbdf4f882f3 --></p>
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