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I was advancing into a plant manager role and took a relocation down South. I decided that I would rather live somewhere I really wanted to and preferred more work-life balance. I left that job and moved back into HR, relocated to my current location and took a 15% pay cut. It was definitely worth it and the only regret I have is that I didn't do it sooner
naming names:
promoted out of the Charlotte division of Procter&Gamble to Richmond regional and then offered
major money to move to the home office in Cincinnati. no. i am not a Chief, but i am a great Indian.
finessed a move to Raleigh and switched to Lever Brothers after P&G sold my division, which i knew
was imminent. high-flying can be fun until the engines fail.
Depends on what you study. Doctors (i.e. "high flying careers" which is the topic of this post) typically owe a lot more than 40K in student loans.
Sorry if I touched a nerve with anyone. It appears that clearly, I have.
Oh well...
Our former neighbor is a neurologist: he paid for his entire education. He told me he owed over $200k. However, as a neurologist, he earns almost that a year. He began practice at 33.
Only if you are looking to climb the corporate management ladder. I learned almost immediately that there are two classes of employees. The management class that are almost exclusively concerned with their careers, and a worker class that wants to do the work and takes pride in doing it. It all depends how you measure success and more importantly what type of person you are.
As a manager I was a failure. I was told by a consultant to find a niche where I could work as a specialist. It was the best advice I ever got and brought me true enjoyment and satisfaction. I made enough to have a comfortable middle class life and retirement. I kept my self respect and did it my way. To me that's more success than most of the rats at the top of the rat race ever will know.
Quote:
Originally Posted by DorianRo
After a year or two into your career, you find that the workplace is not a meritocracy, Its a high school filled with politics, cronyism, and nepotism. Where you see the biggest idiots promoted up the chain with ridiculous fast success even if they FAILED in their previous positions. While the more qualified individuals are placed off into a corner or laid off.
If you're someone that expects just hard work, accountability, skills value to mean something today, you will QUICKLY give up on a "high flying career" under the current climate and just accept whatever hand you have been dealt unfortunately.
Hard work/value/skills has LITTLE return investment these days. Its all about connections. Its a superficial, shallow, extremely pathetic, brain dead society we live in as humans today
I took a $16k pay cut to come to the job I have now. It's less stressful, less demanding, etc. I settled on a mid-level corporate career instead of going for something higher purely for the better quality of life.
It was the best decision I ever made. Getting nights/weekends back, being able to sleep better at night, etc. is worth every penny of the pay cut.
Worth it, IMO.
16K is not a lot over the course of a year and it's pre-tax also.
I took a more than 50% pay cut to leave a high pay job at the top of my field -- so I could move back home and be closer to family. I also hated my higher paying job and was bored with it after more than 30 years -- and most of all -- my financial situation allowed me to be able to afford to take the leap.
Love being home. Hate the job I'm working now.
But being home seeing family and friends almost daily is why I made the move.
I took a more than 50% pay cut to leave a high pay job at the top of my field -- so I could move back home and be closer to family. I also hated my higher paying job and was bored with it after more than 30 years -- and most of all -- my financial situation allowed me to be able to afford to take the leap.
Love being home. Hate the job I'm working now.
But being home seeing family and friends almost daily is why I made the move.
How old were you when you made the move back home? I'm in a similar situation.
I have put it on pause for now. I went to the public sector for a better work life balance despite being able to make twice my salary in the private one. But I’m home every evening with my son and have a ton of time off and can pay my bills and then some. For our family it’s worth it. When he’s grown and out of our house I’ll possibly move back to private sector for the end of my career. But now that I’ve had a taste of work life balance idk.
Our former neighbor is a neurologist: he paid for his entire education. He told me he owed over $200k. However, as a neurologist, he earns almost that a year. He began practice at 33.
Doctors start out working in a residency. The average salary for a resident doctor in the US is $59,300. Not $200K.
He might earn 200K now but he didn't after he graduated from med school with his debt.
If he set up his own private practice, there would have been massive expenses for that, too, (office rent, equipment, paying salaries for workers, etc). That would add to the debt of student loans.
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,350 posts, read 8,567,170 times
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Quote:
Originally Posted by buenos
Berkeley EE PhD program $30k/semester. Times 8 = $240k.
But please, it's off topic.
I don’t know if it’s off topic. If one had that much in student debt it might certainly play in their decision to leave a high paying job no matter the stress.
I don’t know how much a chiropractor makes, but a friend just graduated with over $300k of student debt.
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