Would you take a 8% raise but..

[Dice144]

Have to drop classes at school? Currently in IT field but going to school for business/accounting.

Would have to go from full time to part time student in order to accept position.

Which would lower my monthly GI bill by $200 (full time pays more than part time) and GI bill is tax free.

 

[SaurusX]

It would depend on my goals and the future potential earnings once I accomplish those goals. If you plan on ditiching IT in the future for business/accounting and it will pay more with a better career path, then don't accept the new position.

 

[Ns1]

8% of 20k = no

8% of 200k = yes

 

[thegimp03]

If my long-term goal was doing something else, I'd forego the 8% raise and put all my effort into getting school done as fast as possible.

I would also compare the additional monthly salary I get from the 8% raise (after taxes and other deductions of course) to the $200 tax free GI bill.

 

[SaurusX]

You have to consider the time value of money in this situation, too. Everyone's working goal probably includes making the most amount of money in the shortest amount of time. However, a dollar made today is going to be worth more than a dollar made two or three years from now. If you discount back your future potential pay by a reasonable rate of return (say 6-8% in this market) that you could get by investing that money and it's more than your current pay times 1.08, then don't take the position.

 

[Red Squirrel]

If you are still in school I would make sure to finish the program first before any such decision. Unless this is a job that you know you'll be able to keep after college and that it's a job you could live off of and keep for long.

When I was in college I worked as a server tech during the summer as a student. My boss offered me a permanent job, I thought about it, but decided it's best I finish my school. Ended up working for the same company after so all went well. But at least now I have a diploma and if something happens to the company I'm not screwed.

 

[Saint Nick]

What are your goals?

 

[Puppies04]

8% of 20k = no

8% of 200k = yes

Ignoring the fact that the OP needs to decide this based on his future job opportunities I would argue that $1600 to someone who earns 20K is a lot more important than $16,000 to someone who earns 200K.

 

[Ns1]

Ignoring the fact that the OP needs to decide this based on his future job opportunities I would argue that $1600 to someone who earns 20K is a lot more important than $16,000 to someone who earns 200K.

20k/24 = 833 less taxes biweekly

21.6k/24 = 900 less taxes biweekly



I dunno, I can't do shit with an extra ~30 bucks a week, but that's just me.

 

[Net]

take a look at the average starting salary of the position you plan on being in when you graduate.

compare that per month salary to what you will have with your current position. which is better?

also consider the returns from future salaries when starting in your career sooner. where as you current position is just money.

 

[Dice144]

My current position is pretty lax. My new position looks to be about 30% more work for a 8% raise.

Regarding the moving on when finishing school. I plan to stay with the current company unless another offer is much more. Talked to HR and they claimed I could switch over to finance department when done with school.

Work for one the of largest cable companies in US. Make less than 35k a year base right now tho...

 

[SaurusX]

In this case don't even bother with the new position if it's going to slow you down in getting your degree. Accountants make good money once they get their CPA and that definitely outweighs your current gig.

 

[Dice144]

In this case don't even bother with the new position if it's going to slow you down in getting your degree. Accountants make good money once they get their CPA and that definitely outweighs your current gig.

Same thing my gut and parents are telling me.

 

[amdhunter]

School is worthless anyway. Take the money.

 

[Desturel]

Work for one the of largest cable companies in US. Make less than 35k a year base right now tho...

If it's Comcast/Cox and you are in the call center, I would definitely say go back to school. Otherwise it really depends on if you like your current career path. I would probably go back to school if I were you however.

 

[Rumpltzer]

No way. Finish school and start a real career.

(The assumption is that the career that school will enable will up the pay far more than 8%.)




If "school is worthless", then stop wasting time with it and move on.

 

[SketchMaster]

Get the degree.

Unless you have a lot of drive to do something that will make you independently wealthy, like starting your own company and willing to accept the first few tries could be failures, you are going to need that degree. I've gotten very far in life without a degree, but I hit a wall when trying to move into management rolls because the corporate world looks down on people without degrees and will give people like me a hell of an uphill battle the higher I go.

It gets worse in government jobs because of the way you are billed out to the Gov; the higher your education, the more you are "worth" to the government, the more the Gov gives to the company to pay you. If you have no education but work in a position that requires a BS the gov doesn't care how skilled you are, they pay the company based on your education. The company has to dip into overhead to fill in the gap left by the government, but companies don't like paying out of overhead and will always hold you back when you become too expensive.

 

[Dice144]

Full grant for school. So it is "free" to go to school. I.T. is burning me out but I have 4 years left to finish my CPA give or take a semester.

GPA is currently 3.75 from summer and fall.

 

[Dice144]

Oh, its not Comcast but it is a call center environment. My current position is no face time with customers just vendors however. New position would require talking to customers again...