Finally, a few job offers.....UPDATE 6/8/05

ZowieHowie

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Sep 23, 2002
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Well, I graduated a few weeks ago with my MBA, and have finally received 4 job offers. The point of this thread is just for others who have maybe had a choice of job to pick, and what things are important. Would you take a job with crap pay, if you know you would really enjoy it, or would you rather take one that may not be fun, but would offer significantly better pay and benefits?

OFFER 1:
Benefits company, (One of the top 150 compaines in Fortune500) . They would want me to do underwriting. Granted, this would force me to relocate (which I would rather not do since I LOVE Orlando), I believe that they made me a very good offer. Though I am not going to put exact numbers, it's quite a solid offer, and the benefits package is EXCELLENT! The issue with this is that I really do not want to move, and I feel that I might not enjoy it since it is not IT related, and I would probably sit at a desk all day.

Advantages:Benefits package, high promotion potential, good company to work for
Disadvantages: Forced to relocate, possibly a boring job


OFFER 2
A company that creates software for insurance companies. Their offer is about 6K less than the benefits company. Basically, they gave me good news and bad news.......

They want to hire me. They said that I have a lot to offer, and have experience in most of the things that the company does (sales, marketing, support, installations, tech, PR, etc.). I was also told that since I have my MBA, I could move up within the organization rather quickly.

The company is currently in a hiring freeze. Therefore, they cannot technically hire me until the freeze is lifted. The issue here is that they have no idea when the freeze will be lifted. It could be 2 weeks, it could be 6+ months. <CURRENTLY IN WEEK 3 of HIRING FREEZE>

OFFER 3: (WAS OFFERED TO ME TODAY, 6/8/05)
This offer is from my former boss when I worked at one of the computer labs on campus.
He basically asked me if I would want to work in his department, in a greater capacity than I had previously.
Advantages: would keep me in Orlando, awesome boss, work in IT
Disadvantages:
-The department wanted to add 2 more Full-Time IT positions, but the university only allowed them 1 full time, and 1 part time (though it would be 35-40 hours/week). Since one of the positions is not "full time," it would be hourly, meaning no benefits.
-There is not much of a chance of promotion, since my boss is young, loves his job, and I would basically be second in command for ever.
-The compensation would be about 12K less than the benefits company

OFFER 4:
I had an interview with a bank that is expanding into Florida. They have a training program that is 6 months, and at the end of the program, I would either be a branch manager or assistant branch manager. Starting salary is 35K + bonuses. Their bonus system is strange though. Basically, they say you will get 35K + a bonus (from $0-$10K) depending on how well they think you will do in the bank. I would rather them say 40K or something like that, instead of 35K + a bonus. Benefits package is lousy. Additionally, they would have me working at many different bank branches. I would have to work at 2-3 different banks per week, which I am not too fond of.


So.........in looking at the offers, their advantages/disadvantages/etc, what do you think? Is money important, or is a crappy paying job okay as long as it is something you will enjoy? I am about 80% sure what I want to do, but wanted to see what others think.
 

ZowieHowie

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Sep 23, 2002
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Ft. Lauderdale, Florida. I am currently in Orlando. I would rather stay in Orlando simply because I have lived here for the past 6 years, and all my friends are in Orlando.
 

aphex

Moderator<br>All Things Apple
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Jul 19, 2001
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My fiancee is an underwriter for a workers comp insurance company....

Not something she wants to stay in the rest of her life, but she likes it... Boring? I think at times, but they pay her well for what she does so she dosent mind it.
 

firefaux

Banned
May 5, 2005
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if this is somehting you plan on doing for the rest of your life (or making a career out of it) then i'd suggest making that decision yourself. what do you really want to do? what is important to you? is money a factor? is location a factor? ask your family or someone you trust.
 

ZowieHowie

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Sep 23, 2002
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I have already discussed this with my family and friends, and I think I have made a decision. I just wanted to see what the AT community thought, and if anyone had experience in Underwriting.

In regards to wage, they are offering me over 40K + benefits

The company making the offer is a Fortune 500, and though the Underwriting position is not something I believe I will be particularly fond of, there are ample opportunities for promotion. That is the key to me.

I know that if/when I am promoted, I may be forced to move. With the way companies are operating now, some say "if you want this promotion, you need to move to (insert state here). I feel that it is something that will eventually happen if I want to move up (which I do).

In regards to the job in which they are in a hiring freeze, I really want this job. I know a few people working for the company, and they love it. It is somewhat risky though not taking a job that was offered since the job market, though better than it was a few years ago, is not where it should be. Many of my colleagues (who also graduated with MBAs) have job offers, but none are in the Orlando area. Some have no offers at all! I think it may be too risky to wait for a job, therefore turning down the one I was offered.
 

Brackis

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Nov 14, 2004
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I say screw location, who wants to be stuck in the same psot their entire life?
If it means moving, enjoy the adventure!

Have you stopped looking for other options?
 

ZowieHowie

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Sep 23, 2002
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Originally posted by: Brackis
I say screw location, who wants to be stuck in the same psot their entire life?
If it means moving, enjoy the adventure!

Have you stopped looking for other options?


No, I have not stopped looking for other options. I have applied to numerous positions, and continue to. I just don't want to renew my lease, and then have to break it. Basically, I have 30 days to figure out what I am doing.
 

SouthPaW1227

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Aug 4, 2004
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Originally posted by: Britboy
Isn't 40K + Benefits crap money for an MBA?

aaahahhaha. Sorry bro, but yes. MBAs are next to worthless unless you're already in a company & will move up when you get your MBA, or you need the knowledge to start your own business. With a BUS degree, it's 99% worthless to go any higher. Just get in & market yourself higher.

Dang, if I had wasted my time getting an MBA and they only offered me 40k, I'd be hella pissed.

I know I'm above the market average, but I was able to get ~50k w/ a standard B.S. in business, in a very low-cost-of-living location (i.e. $300k buys a near mansion)
 

iversonyin

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Aug 12, 2004
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40K for an MBA? WHAT?! what this world has come to?

I'll take a chance at the company with hiring freeze. If not, keep looking.
 

ZowieHowie

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Sep 23, 2002
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The salary offer is more than 40K (not including benefits), but less than 50K. The benefits package I would say is worth between 7K-9K. Actually, in Florida, the basic salary range for someone with an MBA is between 47K-52K, and that is including benefits. The market just is not paying what it used to :-/
 

ScrapSilicon

Lifer
Apr 14, 2001
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Originally posted by: iversonyin
40K for an MBA? WHAT?! what this world has come to?
offshore outsourcing ..hmm...maybe next it'll be the politicians :D ..naw they part of the outsourcers cabal not the outsourcees :(

 

I deal with underwriters from banks on a daily basis. They say that the job is the typical boring paper shuffling desk job, but they get paid well enough not to care that much.

I would say sit it out and wait on that job you really want. Relocating is not all fun and games, and it's usually not an adventure. I relocated for my job 2 years ago, and this weekend I'm moving back home.
 

iversonyin

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Aug 12, 2004
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Originally posted by: ZowieHowie
The salary offer is more than 40K (not including benefits), but less than 50K. The benefits package I would say is worth between 7K-9K. Actually, in Florida, the basic salary range for someone with an MBA is between 47K-52K, and that is including benefits. The market just is not paying what it used to :-/

I don't know about that, from BusinessWeek, a MBA avg salary is 89K. But since the standard of living in Orlando is quite low compare to some of these big Northeast cities, I guess its an OK deal.

Look over your own financial situation and make the choice. Do you need money to pay off loan you take to pay tuition? and your day to day living expense and such.

and you have to relocate? o man....i think i'll pass unless I really need money
 

LS20

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Jan 22, 2002
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#3

if i were you, unless i had a family i needed to support, i'd rather enjoy my job and life rather than work harder, perform tasks i don tlike, work for a boss i dont like, live in a cd i dont like... all for money that i dont need
 

Dacalo

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Mar 31, 2000
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Go with #1 for long term growth. Whatever you do, DO NOT pick #4. Branch managers hit the glass ceiling really fast, not to mention their salary lacks much.

 

ZowieHowie

Diamond Member
Sep 23, 2002
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Originally posted by: Jadow
go with the benefits company

That choice is the one that I feel would be best. Haven't made my decision yet, but the growth potential is huge