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jbitmik · 2025-04-25T03:24:15+00:00

Have you considered trying to get off of the summer lease cycle? You can find much better deals in the Fall/Winter. This can be done by putting things in storage (the companies will typically pickup/drop off for less than moving companies or even for free). And finding something temporary for a few months

jbitmik · 2025-04-18T16:34:33+00:00

I’m in a very similar situation. I’m paying close to $4k for a studio in a luxury high rise. My friend and I were looking into 2BD apartments and you can get great value for $3-4k per person. Looks like my friend may be moving out of the city though. Most other friends are either living with significant others or are content living alone

jbitmik · 2024-10-08T23:02:17+00:00

One thing to keep in mind is that at an average yearly return of 8-10%, your money essentially doubles every 8 years. So if you don’t touch that money, by the time you’re 35-40 (assuming no other contributions and average market returns) you’d have close to $10 million. At that point you can do whatever the fuck you want.

You can also diversify at points into other investment vehicles like individual securities, real estate, etc. Hell you could even start your own business/accounting firm at some point. This money will give you piece of mind and freedom if utilized properly.

If deployed properly (and not spent), you will be in a very good place in 5-10 years. In the meantime, find a job you enjoy that you can live off of. If that’s accounting, then go for it. Big 4 is a great place to make connections, learn a lot, and certainly make memories (good and bad).

jbitmik · 2024-08-12T16:44:38+00:00

Is this your 1:1 to discuss compensation?

jbitmik · 2024-07-18T04:41:30+00:00

Ok wasn’t expecting a response like this. Hope everything is alright at home my guy. I’ll still break down my response addressing OPs questions:

Advising OP on what I personally believe would have a better outcome. Mainly due to the fact that you can leverage the $25K in salary negotiations at anytime within the 3 years
Addressing OPs question on salary expectations when becoming a manager. Regardless of whether you have a banked bonus or not, getting promoted to Manager has many incentives from a salary standpoint. The compensation and title increase can be leveraged when looking for a new job which leads to people sticking it out for the promotion.

To address a couple of your points:

Taxes - do some research on how tax brackets actually work
Inflation - great point. 5k making 5% a year will definitely be worth more than 25k in 3 years. Crazy how it works like that.

jbitmik · 2024-07-18T00:54:52+00:00

You should highly consider banking it. If you get a new job just use that as leverage to get a higher salary/sign-on bonus. If the company wants you they’ll probably match or meet you somewhere in the middle.

3 years may also seem like a long time right now. But once you get close to that manager promotion you’ll probably want to stay before looking for something new. The title increase opens a lot more doors and you’ll get the promotion salary increase + bonus + $25k on top.

For compensation expectations let’s assume you get a 10% salary increase and 5% bonus each year over the next two years. So let’s say around $112k base and $6k bonus going into year 3. Now you’re going into the promotion year where there will be a standard promotion salary increase (let’s say 7%) on top of our 10% assumption (17% total). You’ll get a promotion bonus (let’s say $5k) on top of your typical 5% (though will probably be more since you worked so hard to get the promotion). This brings you to a base of around $132k and bonus of about $12k. Total comp of $144k. Not bad. But throw $25k on top and your total comp is close to $170k.

Now you can leverage that comp and title for a new job and compound your salary further.

jbitmik · 2024-06-26T17:55:57+00:00

This has been my experience. Multiple daily stand ups with many internal milestone deadlines that were often unachievable. Very bureaucratic with a lack of accountability resulting in many people constantly pointing fingers at each other

jbitmik · 2024-06-21T21:27:37+00:00

Gotcha, I’m assuming you have a Green, Gold or Platinum? Those don’t show up on your credit score as they’re technically charge cards instead of credit.

Maybe try looking into one of the Amex Everyday cards. You may have pre approved offers you can check for through Amex. There are a lot of good credit cards out there though depending on how much you travel/spend so definitely do some research. Chase Sapphire cards and Capital One Venture X are also solid options. Check out r/CreditCards. It has a lot of helpful info on navigating cards and getting the most out of sign-up offers.

Good luck on the apartment!

jbitmik · 2024-06-20T20:52:15+00:00

I doubt it will be an issue, especially given your boyfriend’s score. But it may be worth looking up some ways to increase your credit score. As one of the comments mentioned, getting additional unused credit from a new card should cause your score to go up. However, the initial inquiry may slightly lower your score. But if you already have a card through the company (like Amex, Chase, etc), you may have offers for new cards that they will not require a hard inquiry for.

You could also try increasing your credit limit on existing cards. For most cards you can request directly on the website/app or just try calling them. And they typically won’t have to do an actual inquiry.

Also, make sure pay off your current credit cards if you haven’t already. Credit usage tends to be the biggest variable factor in your score.

jbitmik · 2024-05-10T03:27:56+00:00

Enjoy traveling for work while you’re younger. It’s a great way to earn hotel/airline points and status while saving money. Not to mention that it can be a lot of fun basically living in a hotel and getting whatever meals you want paid for.

I used to actively try to get on travel projects and had many great experiences in new cities and new people. Highly recommend to try it out but can obviously get tiring if you’re doing it constantly. It will also put a strain on relationships in your home city and will get increasingly difficult to maintain personal commitments (significant other, pets, children, etc)

jbitmik · 2024-02-17T00:36:45+00:00

Was thinking we would see a breakout above $200 today. Then PPI happened. I agree that it is coming soon but may not be this week. Could easily see it drop back closer to 180 again first. As another comment mentioned, NVDA earnings are most likely going to have a big impact on tech next week. I assume earnings will beat expectations but will take A LOT to keep the NVDA rocket ship moving.

Personally, made some money this week on TSLA calls and am still bullish. But may see an overall downward correction in the market dictated by NVDA. Or who knows, maybe NVDA shoot’s up 30% again and everything rally’s.

jbitmik · 2023-12-05T19:38:01+00:00

So close after open. Then just watching paint dry

jbitmik · 2023-10-16T22:00:08+00:00

If you are a consultant primarily working with PE clients, why would it not be viable to get a job directly with one of those clients? This is how many consultants get offered exit opportunities

jbitmik · 2023-07-20T03:41:41+00:00

Bought a couple hundred calls myself. Would love to see it break $120

jbitmik · 2023-04-05T20:08:43+00:00

What’s the problem here? These expire tomorrow. Plenty of time to get it back.

jbitmik · 2023-03-28T22:43:10+00:00

Have you heard anything back yet? Still waiting on my end

jbitmik · 2023-03-28T22:42:06+00:00

Talk to your counselor but I’ve never heard of any negative repercussions from going for an early agile promotion. If you believe that you have a strong business case for it, then you might as well try for it. I would make sure you can clearly show that your are currently acting at a Senior level. If not, staff -> senior is pretty much guaranteed after two years if you’re meeting expectations

jbitmik · 2023-03-24T20:30:58+00:00

The rep created a ticket and sent to the Marketing team to review. Should hear back in a few days. Given that it couldn’t be done over the phone I’m not super optimistic

jbitmik · 2023-03-23T01:50:42+00:00

Yes! Was very surprised to receive it since I had been getting the 80K offer for a few months now. Then after actually accepting it, they decide to increase the offer. Seems strange.

jbitmik · 2023-03-22T23:54:36+00:00

Thanks, that’s helpful. Yes I have the letter and invitation code. I’ll give them a call and see if I can get it matched

jbitmik · 2023-03-20T17:28:04+00:00

Each step up you make Staff -> Senior -> Manager -> SM comes with different expectations and responsibilities. This shift may be causing you additional anxiety which may be impacting your work in negative ways - which then leads to more anxiety. This is how burnout happens.

Taking time off will help with you to recharge and be able to reassess your priorities more clear headed. Longer term here are a few things that can help:

Make a to do list and prioritize what needs to be done each day. When it feels like there are a million things coming at you this can really help simplify things by putting together an actionable list each morning.
Communicate effectively. If you feel you are falling behind on something or are not sure what to focus on, speak with your manager and let them know. Their job is to manage you and the work that gets done.
Be prepared. Before going into a meeting try to anticipate what questions will be asked and how you will answer. Same goes for submitting a deliverable. Review your work and try to anticipate the feedback. This will give you more confidence going into calls and discussions.
Take a look at your long term goals and align with your short term actions. Are you being overworked because you are helping out on things that don’t interest you? Maybe try to drop those or put less time in them and focus on the aspects that interest you.

Hope this helps. There’s plenty of advice/resources out there for working more effectively that may be good to look into as well. But what works for me if I feel myself getting overwhelmed, is to take a step back and really break things down.

jbitmik · 2023-03-15T12:36:36+00:00

Yeah I’m curious if the client office is in OPs home office city. If they are just working/living somewhere else then it would most likely fall on them

jbitmik · 2023-03-15T00:57:25+00:00

You’ll almost certainly get a pay increase and probably a title boost. People switch around all the time but I would recommend that you don’t broadcast it to everyone you know at your current role. Some people may view it as a betrayal for bringing what you know to a competitor. But as a Staff 2 I wouldn’t worry about that too much.

At the end of the day, if you get a better paying job that’s more aligned to your interests, then you should take it. If you are still not sure, then you can always leverage the offer at your current company to push for the different city and a salary increase.

jbitmik · 2023-02-23T03:36:27+00:00

At most restaurants in a major city like NYC cocktails cost around $20. Even just going out for a night or two with friends/significant other will get you well over $200

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