U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.

MSchemist80

Senior Member

Visitor Messages (Public)

Showing Public Visitor Messages 1 to 6 of 6
  1. Humboldt1
    01-20-2017 04:18 PM - permalink
    Humboldt1
    I agree with many of your posts.

    Illinois is in major fiscal crisis and taxes continue to rise to pay for unsustainable public sector pensions.

    They actually are freezing my company's pension this year to save costs.

    I continue to work downtown and live in Oak Park but my wife and I are not interested in paying excessive taxes to buy a house. I have considered Munster but wish it had more amenities and better train service (although the extension should help).

    I do wonder how posters like IrishIllini can continue to promote Chicago RE, but they may be trying to avoid buyers remorse for 2015 Chicago condo purchase.
  2. bluemonday
    02-17-2016 09:56 AM - permalink
    bluemonday
    I was a chemist after getting my BS as well and read some of your previous posts. I now work in quality assurance in a manufacturing environment. My credentials past the BS level include certifications instead of a MS or MBA degree (I attempted an MBA but gave up). Your analysis of the field is spot-on, and quite depressing!

    If my career fails or I get outsourced and I can't get that momentum back, sadly I think I will work just about anywhere - local manufacturing assistance, mini market manager, sales...whatever pays the bills! I am SO DONE with schooling that won't pay off, and keeping up with the rat race only to fall short because of things outside of my control (i.e. corporate initiatives, outsourcing, competing with H1B visas, etc.)
  3. Humboldt1
    02-11-2016 08:38 PM - permalink
    Humboldt1
    I get a pension but it was scaled way back for new employees 15 years ago from a guaranteed annual payout based upon max of 1.2mm, which amounts to around 35k per year. My pension (I started with my present employer in 2009) contributes up 3.5 percent of the first 100k of my compensation. If I am there and retire at 66 (highly unlikely given the turnover in this industry) I will have as much as 350k in my plan. Currently, my plan has 30k in it after 7 years as real life example. We get 5 percent annual return on our plan.

    For the company 401k, I also do 10 percent of my salary plus 5 percent max, which gets me to the max I am allowed to do. I no longer qualify for the Roth but did it from age of 22 to 30, when I qualified (I am 38 now).

    Wife and I are good savers and we invest 100 percent of our tax return along with bonuses.

    We are good savers and in a good spot but I still get steamed when I hear unions demanding more taxes to pay for unsustainable pensions.
  4. matt_in_atl
    11-12-2013 07:24 PM - permalink
    matt_in_atl
    MSC 80,

    been following your contributions for quite a while. You are spot on, but still too kind in your analysis/ conclusions about the chemical profession in particular, and STEM in general.

    I am a classically-trained PhD-level chemist (UO) w/ an MBA (GaTech) to boot. Decided to leave the corporate treadmill seven years ago, and never looked back.

    Two kids. Will never allow them to enter into science.
  5. MSchemist80
    05-10-2012 07:08 PM - permalink
    MSchemist80
    My dream is to get a fed job. I considered getting the MBA but I am told only a top 10 program will be worth it and there is no way I could afford one. I also considered and MSA and go accounting but I decided I would probably end up a bookkeeper making $40k and doubt I could hack 70 hour weeks staring at excel data. Now I am considering economics.

    Heck my brother suggested I take the police exam. He was the smartest of all of us and just got a AAS and joined the police.
  6. Samus Aran
    05-10-2012 05:08 PM - permalink
    Samus Aran
    Read your posts about being a chemist. I did it for 2 years after finishing my BS and gave up on it. Have gotten into my own business and have been happier since. Right now just pursuing my MBA for my own merit... but suggesting you might want to do the same as well.

    It sucks the way the industry has become, and has just driven more and more people away.

About Me

  • About MSchemist80
    Location
    Chicago area
    ZIP Code
    60714
    Occupation
    "contract" lab serf
    Marital/Relationship status
    Not answered
  • Status updates
    I hate the Democratic Party - 07-07-2017 06:07 PM
    Finally have a decent job with a good company - 07-30-2012 08:28 PM
    My last week as a Perma-temp - 07-02-2012 08:10 AM
    Attempting to career change out of science - 10-30-2010 08:29 AM

Statistics

Total Posts
Visitor Messages (Public)
Blog
General Information
  • Last Activity: Yesterday 10:33 AM
  • Join Date: 11-11-2008
Top Forums
  • Work and Employment: 3788
  • Job Search: 1777
  • Chicago: 727
  • Colleges and Universities: 531
  • Chicago Suburbs: 486

Friends

Showing Friends 1 to 20 of 27

All times are GMT -6. The time now is 04:33 AM.

2005-2019, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top