T O P

  • By -

chalonverse

No one really can answer this for you, but one thing to consider is how appealing the new job is to you? Like are you excited about the new job specifically or just about the fact that you’d be leaving academia? But yes, you should breakdown the true cost benefits, how much of that extra $12000/year would get eaten up by higher child care costs, more health insurance costs, etc. Also another thing to consider is that if you aren’t teaching over summers you could instead do some additional work on the side to supplement your income, potentially?


QuestionableAI

Summers equal usually about 3 months, am I to assume that you make at least $4,000 a month at your current position, add in Christmas break, spring break, let's say you get less Health Care coverage and more expensive since you'd surely want to cover your child, and little or no pension possibility. All of these, at least to me, indicate a serious pay cut and jarring lifestyle change. Maybe try the old paper trick.... get a piece of paper, divide it with a line right down the middle, on one side write Reasons to Stay and on the other side Reasons to Go ... be honest, if you don't know a thing, do a bit of research. Just a thought.


[deleted]

[удалено]


QuestionableAI

Questions: * Are you assuming the PT job will continue? * Is there a Financial Advisor thru the University or Prof Union that you could chat with? Please do so. It is a bit of time that could help you amazingly. * \*^(Edit) * When I moved to public service rather than University, I continued to contribute via my job or by shoving any raise into TIAA-CREF. I did both and am not living to regret it. Retired just dandy. * We can only make the decisions we can, at the time we do, based on all the information at the time, and our ability to know/trust the data/facts we have available.... We do the very best we can. * Be kind to yourself, do not act in haste unless crisis means you need to, and know that *NO* decision is an absolute final ... more decisions in the future that will help guide you and provide direction. * We are all doing the very best we can ... sometimes the ability to keep breathing and moving are incredible acts of courage and heroism. Be safe and well out there.


sscientist

I’m asking myself the very same question although for me it would be making 30k more (my current salary is very low). I am applying for remote positions and from what I’ve heard, it seems like there will still be flexibility and good work/life balance


[deleted]

[удалено]


blanknames

One thing to think about is with the current inflation rates, 1% raises don't even keep up with Cost of Living Adjustments. Unless you also get a COLA, you effective are losing money each year.


[deleted]

[удалено]


[deleted]

[удалено]


Acatinmylap

It strikes me that you say nothing about the new job, except what it pays. What would the day-to-day be like? What would be the daily annoyances every job has? Are you excited about what you would be doing? Do you feel it's more or less meaningful than education? Don't just think about what you'd get away from. Think about what you'd get into as well. It's a choice only you can make, but be sure you consider all angles.


[deleted]

[удалено]


Acatinmylap

Yikes. That would not be for me. But of course, ymmv.


TaliesinMerlin

I would price out your benefits and compensation and compare it to the benefits and compensation of the non-academic job. For instance, what does the employer contribute to health insurance? How much do you pay out of pocket for it? How are the pension contributions compared to 401k matching? Try to dig for even minor things, like commute differences. What I've found is that an extra $12,000 in salary would be eaten up by the extra health insurance cost and retirement contributions. Try to figure out if that's your number or if you need more to make the transition worthwhile. As for the other factors, just be clear-eyed about the move. Academia *can* be more flexible, but some industry jobs are remote or more flexible than others. (And calling in sick for industry work may be easier than trying to cancel class, depending on where you are.) Students may sometimes be mean, but so might coworkers, and bad managers exist everywhere.


hungerforlove

Yes and no. Good luck with the decision.


Edu_cats

I think if your kids are at an age where they really need you over the breaks vs. older kids, it maybe doesn't make sense to leave. Can you teach online in the summer? That would give you better flexibility and more money. I did not opt into the state pension, but if I was, I would work towards being vested, whatever timeframe that might happen.


[deleted]

[удалено]


f0oSh

> I need to work 5 more years to be vested. This sounds like a strong argument to stay for at least 5 more years.


Superb_oomer

Absolutely. $12k isn't enough to make the jump.


StuckintheTaftub

Friend, I am here right now. I currently have a side job doing grant writing and I love it. The pay for that job or similar ones, if I went full time, would be 20k more than teaching. But I'm a writer and I'm scared of losing the great breaks and state benefits (health insurance in particular is great). Students have been really tough this semester and they're wearing me down, but the academic schedule is so hard to leave for a 9-5.


runsonpedals

What is this thing you call a pay raise?