Need advice on changing jobs

jarfykk

Senior member
Mar 29, 2001
501
1
0
Cliffs:
-Currently a federal government employee, like my job
-Had some issues, since resolved, in September, so looked elsewhere
-New, INTERESTING job available, probably 2.5 times my current salary plus large annual bonus doing securities research
-Downside of new job is worse hours, general uncertainty about changing jobs, etc.

My question is, had anyone LEFT government service to take a private sector offer and regretted it. I'm young, engaged, no kids, so I guess now would be the time to try a change in career...just a bit worried. I'm comfortable now, but like new challenges. Thoughts?

------------------

Currently I work for the government as a researcher. Good group of people, decent salary ($60-70k), great benefits obviously. Only downsides are limited career opportunities within my agency, general government red-tape, and the lack of direction on my current position. I do research on any number of areas/topics, but it is the kind of research and analysis that is 100-feet wide but only 10-feet deep. I find it interesting, but not sure how well it will translate into a new job 2-3 years down the road.

Been in this position for almost 2 years, part-time while in graduate school and full-time since graduation. Great boss, good coworkers, no real complaints except as noted above. Good quality of life, too. Every other Friday off with the way the schedule is setup.

Going back to September, there were some issues in transferring my from one rating to another (government red tape :frown:), so I decided to see what else was out there. I found a posting on my alumni network for a securities analyst at a local investment company (so no need to move, uproot fiancee, etc.) that looked VERY interesting to me. I would be doing industry and regional analysis on the focus of my graduate degree, using my foreign language skills, and generally be moving in a direction that I would happy doing. New position still has good benefits (vacation, insurance, retirement, etc.) but the kicker is the salary; the position is 2-2.5 times what I make now PLUS a large bonus (mid-5 to low 6-figures each year for 12+ years now).

Did a 5+ hour interview with the folks I'd be working with yesterday. All of them were nice and seemed like good people, and the job sounds awesome. Haven't extended me a formal offer, but I'm in the final 3 they're interviewing and I got the impression I had the inside track due to the interview (went WELL) and my language skills. Hours are different (1-9pm Sun-Thurs) to be there for the Asian markets, some travel which is a plus to me, and some overtime which I don't have now with current job.

It would be nice to make that kind of money, but I've never had or expected to be making that much until I was much older/never. Would go a long way towards home ownership, traveling the world, and kids down the road...but as stated the hours are a bit more difficult. Fiancee did sign off on it though, will hear back with final answer next week-ish.

Decisions...thoughts?
 

bonkers325

Lifer
Mar 9, 2000
13,076
1
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the longer u stay at a govt job the harder it is to leave - the skills u develop at govt positions arent very useful outside of the public sector
 

pstylesss

Platinum Member
Mar 21, 2007
2,914
0
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The plus with working for the government is you can't get fired. I'd like those hours, no traffic to deal with. 2.5x the salary is also a nice gig. Why is there a question? Scared to leave the nest?
 

BigJ

Lifer
Nov 18, 2001
21,330
1
81
So let me get this straight.

You're offered a job you are very interested in. You're going to be doing work related to the field you just happened to choose for your graduate degree. And it's going to be making use of languages that you have a strong grasp of.

And in addition to all that, they're paying you over $120k a year, plus great perks.

I wish I had your problems.
 

jarfykk

Senior member
Mar 29, 2001
501
1
0
BigJ's question and ZeroIQ's answer (scared to leave nest) kind of sum up the situation as well as it can be.

I'm glad I have this "problem" but was trying to get any feedback from a community like this. Already talked to my dad, fiancee, and best friend about it. Doing my homework more or less...I see these kind of posts now and again on the boards, figured I'd see if any current/former government folks or anyone for that matter had any angles I hadn't thought of. ZeroIQ pointed out that I wouldn't have traffic to deal with, which I hand't thought of...thanks!
 

sdifox

No Lifer
Sep 30, 2005
99,362
17,547
126
I just left a gov job to one that doesn't really pay better and is much further commute. You wonder why? Lack of respect from the senior administration. For me job satisfaction rank a bit higher than compensation. And my old job was pretty high up in payscale. I am in the 100K club.

New job has future potential. Last job is probably going to be outsourced.
 

daveshel

Diamond Member
Oct 10, 1999
5,453
2
81
Government jobs generally have better job security, but lower pay than the private sector. Then there's some 'cultural' infirmities in the public sector: 'job ownership,' decision by committee and its crippling effect on progress, and worst of all, politics.
 

classy

Lifer
Oct 12, 1999
15,219
1
81
Originally posted by: BigJ
So let me get this straight.

You're offered a job you are very interested in. You're going to be doing work related to the field you just happened to choose for your graduate degree. And it's going to be making use of languages that you have a strong grasp of.

And in addition to all that, they're paying you over $120k a year, plus great perks.

I wish I had your problems.


LOL True True :)