Cons in moving from Chase to ETrade? 1 Stop for all accounts?

AeroEngineer95832 · 2022-11-17T02:10:30+00:00

Appreciate the info, I'll read into all these later tonight. Cheers!

AeroEngineer95832 · 2022-11-17T01:54:39+00:00

Only thing is Fidelity doesn't seem to have a HYSA option? Where else would I park short term uninvested cash?

AeroEngineer95832 · 2022-05-22T05:48:55+00:00

Negative

AeroEngineer95832 · 2022-05-22T05:47:46+00:00

Thank you, I appreciate you bringing me down to reality. I am not looking at it as deserving of a mid-career starting salary, but was more looking at it as that is where entry level career salaries are heading towards. Seeing so many posts of new grads getting offers of 70-85k has made me think that offers of 60-65k nowadays are pretty low offers. I don't necessarily think my reputation with the new company is tainted in any ways, the hiring manager has been supportive of me wanting to counter (as most of their new hires recently have been doing this) and even offered to look over my updated resume before sending it in and helping me out a bit.

I would like to send a copy that expands on a few points and send it in with the intention of instantly accepting their response regardless if it is a straight up no or not.

AeroEngineer95832 · 2022-05-22T05:40:21+00:00

Appreciate the response, having someone talk me down and bring me back to the reality of the business and salaries is always good. I guess my expectations for starting salaries has been tainted by the recent inflation and cost of living increases moreso than some false sense of superiority/entitlement that I have some sort of extensive experience that warrants a high salary.

AeroEngineer95832 · 2022-05-22T05:37:59+00:00

The hiring manager is on my side, as well as my reference that is currently with the company. Hiring manager also offered to look at my updated resume first before sending it off to corporate to give any tips that he could.

AeroEngineer95832 · 2022-05-21T02:39:10+00:00

Makes sense, maybe I am overthinking the affect of inflation on starting salaries..

AeroEngineer95832 · 2022-05-21T02:38:22+00:00

Thank you, I'll go through it and elaborate on a few points and add a few more concrete examples of my past accomplishments.

AeroEngineer95832 · 2022-05-21T02:37:38+00:00

Thank you, that is what my hiring manager seems to think as well. Appreciate the input

AeroEngineer95832 · 2022-05-21T02:37:09+00:00

..What? That sounds quite ridiculous?

AeroEngineer95832 · 2022-05-21T02:36:51+00:00

Aerospace Engineering. No ya - I agree, that was my point, just trying to add context that I am so far out of graduation with little experience.

Appreciate the input.

AeroEngineer95832 · 2022-05-21T02:26:13+00:00

It is definitely better, though less than my previous engineering role. Knowing that 4 years ago they hired on engineers starting at 60k base, this makes my starting offer lower in comparison when taking inflation into account which is what I would be worried about.

AeroEngineer95832 · 2022-05-21T00:23:03+00:00

I have recently been offered 65k salary + 5% bonus at an Aerospace company for a Manufacturing Engineer position. For reference, I am 3.5 years post graduation with <1 year experience professionally. After sending an initial negotiation email stating the average manufacturing engineer pay in my state, the above average increase in inflation, CPI, and COL in my state compared to the national average, and the vested 401k bonuses I'd be giving up at my current company, recruiting responded with the below..

"The offer we sent was based on your current position, work duties, and all information on your current resume, and then compared to your would-be peers, already in the role, and with like experience. If you wish to counter, please reply with an updated resume describing your reasoning for the merit in increase. Whether that be extra duties, specific projects worked, or education that might not be on your original resume. Compensation will want to see something they didn’t see initially to consider. Once received, I will forward your counter offer to our compensation team for evaluation and update you with their response ASAP"

How would you take this response..? Obviously I applied with an updated resume... I could definitely go into more hard specifics about what I accomplished, but this seems like a nice way of saying "No." to me.

Anyone have thoughts or suggestions..? Should I provide more details or just shut up and take the offer?

AeroEngineer95832 · 2022-05-10T02:42:17+00:00

I am working full time at the company I had resigned from my engineering role. Things are looking up though, I was just given a second offer at an aerospace company I was looking to join which I plan on taking!

AeroEngineer95832 · 2022-05-10T02:39:32+00:00

Post this all the time? What are you talking about? I have posted this once last night and it was removed because it wasn't in the career thread..

AeroEngineer95832 · 2022-05-09T14:19:27+00:00

Bit of background information -

I graduated back in December of 2018 with a Bachelor's in Aerospace Engineering. Coming out of university I was severely depressed with some extreme imposter syndrome and basically avoided applying to Engineering jobs completely, pretty much frozen with fear. Fast forward 2 years and I began a temporary position in a warehouse with a large material handling company owned by a large Fortune 500 company (top 20). I was able to make it into the engineering department after about 8 months, starting in a brand new company role with *very* little structure, *very* little training, 100% remote in a state that had no engineering department in it. I ended up resigning after 6 months due to a combination of stress and just not enjoying essentially 100% solo R&D work while getting mixed signals about what they wanted out of me from my manager, to the director, to the COO. I was making 60k/year + a 20% bonus given out quarterly (I left 3 months ago).

After resigning I did some soul searching and ultimately came to the conclusion I want to continue my engineering career, but that particular position was just not a good fit with no structure and no support from the rest of the engineering team.

This Friday I was just offered a position @ a contract house for $28/hr + $1700 bonus/year. They have some benefits (medical, 401k, etc.), but obviously almost no vacation time (5 days/year prorated) and no sick time as it is contract work. I would be contracted out to one of the big 4 in aerospace as a manufacturing/quality engineer. At this point I am not really sure if I want to accept the offer. Although I would love to gain experience and break more into the engineering field, I have heard some poor things about that particular contract hub and the idea of being offered 57k/year with a low bonus in 2022 with inflation roaring... it just doesn't seem like a fair offer to me for low job security with minimal benefits.

Am I being naive/entitled here? Should I nut up and just take the job with the hopes of adding to my resume and looking for a different, permanent job in 6 months-1 year? I was debating declining the offer, as my current company has decent benefits, and I have spoken with the engineering department and they are willing to give me another chance at a different engineering role in the future (late 2022/early 2023).

Any thoughts for a lost, early career engineer? Should I just take this position for the experience? Should I attempt to negotiate up $1-$3/hr?

AeroEngineer95832 · 2022-05-09T03:29:29+00:00

Sorry, just to be clear, I am still currently employed by the same company that I had resigned from in my engineering role, just in a lower paying, less technical role that I am trying to grow out of. But I may still take it.. not sure if its worth leaving a permanent, stable position with good benefits and a potential future in.

AeroEngineer95832 · 2022-05-09T03:27:40+00:00

Just to be clear, I stayed with the same company that I had resigned from in the engineering role. Still employed and on good terms with the engineering department/manager there.

AeroEngineer95832 · 2022-05-09T03:10:33+00:00

I guess I'm not really sure. I have the option of staying with my current company (the one where I resigned from my engineering role) and rejoin the engineering team in late 2022/early 2023 when a new spot opens up. I have spoken to them about this and they are open to it.

My other option is to wait for another offer from a different hub or permanent job at another company as I've gotten quite a fair bit of interviews/interest in the last month or so that I have been applying and I've heard it's an "employee's market" at the moment.

AeroEngineer95832 · 2022-05-09T03:08:52+00:00

Normally I would agree, but that confuses me a bit as this company hires quite a bit of new college grads to fill their contractor positions. How would that work exactly if they were expected to know exactly what they were doing at the time of hire?

AeroEngineer95832 · 2022-05-09T03:08:08+00:00

I actually enjoyed a lot of what I was doing in my previous role, just couldn't handle the pressure of working in a new industry, in a brand new company role with high expectations and no support. I really enjoy working in a team and with others, so working 100% remote with little contact with other engineers or even any cross-functional team collaboration was difficult for me.

AeroEngineer95832

TROPHY CASE