More money, fewer problems? That’s what I was aiming for in my job hunt, and I think I got it!
I got offered the job that was my top choice! I did some negotiation! And yesterday I accepted the offer! Today I handed in my 2 weeks’ notice at my current job! Boom! Things are happening!
On a calmer note, let me proceed.
This blog is about money, so let’s talk money.
My new base salary is a 36% raise over my current salary and I’m getting a signing bonus of $7,500 in my first or second paycheck. There’s also a potential for a year end bonus in the thousands of dollars (it will be prorated for 2017), which I never had at my current federal job or any past job.
The 401(k) match is great—7.5% of my salary. That’s even better than my federal TSP match, which is only 5%.
There’s an Employee Stock Purchase Plan at the new job that I don’t have all the details on yet, but some back of the envelope calculations put it at earning me a potential ~$4,000 a year.
They say the proof’s in the pudding, so here’s some pudding:
|Old Job||New Job||Change|
|End-of-year Bonus||$0||$4,000-$8,000 for satisfactory performance||+$4,000?|
|Employee Stock Purchase Plan||$0||~$4,000||+$4,000|
I’m so glad that my “side gig” paid off! I probably worked 140 hours on updating my resume and sending it out, interview prep, and actual interviewing. Just going off the increase in my base salary for the first year, that’s an almost $200 per hour wage! Holy moly.
Besides all that money talk, I’ll learn some new technologies at my new job. I like my current job, but I was starting to get afraid that I was losing my edge because it just hasn’t been challenging to me for several months. I’m really excited to be thrust into some projects I don’t understand, so I can expand my brain!
In addition, the company I’m going to is fairly large and has several departments. From speaking with contacts I have who already work there, I know that people are pretty free to move between departments and move up the ladder. Both types of career movement interest me, and neither is available to me at my current job.
I’m just so psyched I had to bang out a post and put the new job out there!
Note: I’m just gonna combine my January and February income/net worth posts at this point, because I was too busy interview prepping to get the January one out promptly. Stay tuned!