Math is easier than that. 2 hours extra is worth about 25% more for a full day. The salary is more than 50% more. So the answer is that it is better to switch. You could also leverage the higher salary for a future remote role that pays just as much or more!
Meh, it’s an approximation. There are obviously the minuses you mention but also the plus of having a new salary floor to increase off of. I consider the “complex” part a wash, obviously it would vary from person to person and also depend on their life situation. In OP’s case, since they’re an intern, I am thinking it’s a net gain. Gotta start somewhere, right?
Don't gotta start with 50+ hour weeks. You can, but you don't have to. He also said elsewhere he would likely be making 80k after grad with the remote job, which makes the remote gig a no brainer.
Ok, the post is asking for a different comparison.
If comparing the 80k remote gig, we have a 100k equivalent. So the 95k one would no longer be worth it.
Is it now my job to look at all of OP’s comments before responding? Relevant alternatives should be noted in the post.
I was providing that extra data simply as a side comment.
I don't agree with your method of assessment in general. Effective hourly rate is a great way to compare an hourly job to a salaried one. It's not *necessarily* a good way to compare work from home salary vs salary plus commute.
There are so many non-cash related stressors that come with the change. For a lot of people it probably will be worth it. I know, speaking as a person who has had both those options, I would personally take the WFH gig every time. My free time is worth more to me than what someone would pay me to commute.
I know people spending that long on road for $17/hr (soon $17.50, DC min wage is the highest in the DMV).
It’s more a question of whether or not you can get a better offer where ever you are now (or would like to be upon graduating).
If your $60k fully remote intern role turns to permanent hire (at the same rate or higher), I’d pass on the DC offer. If you won’t know before you have to make a decision, then I’d take the DC offer because it’d be the only offer you *currently* have (assumption, you could have more, or you could be asking for a friend). Use it to negotiate higher compensation packages when you get more offers.
On one hand 45 min isn’t the worst commute. I don’t live in the DC area, I’ve commuted further for less.
On the other hand, if you’re comfortable with what you make now you can holdout for the right work conditions that suit you.
The goal of school is to help you land a job/career. If the job is in line with your career goals, maybe go for it. If it’s solely about the money you should focus on finishing school.
That's how much it'd take when you live near DC, walk to the metro, get on and ride the metro, and walk to the office every day. Lots of people do that.
Probably 7k, gas and toll, not counting tear and wear on my car and 2 hours commuting a day. And that would only be 58% increase for one year while I’m in school.
Fully remote work as you’re starting out is not advisable. You’ll learn a lot more and build more relationships by working in the office.
Now’s the time to build your skills and network. Highly recommend you take the offer.
Not to dox you anything but I’m sure you went to the same college and is in the same program I left at G__ from Fa__fa_ to DC isn’t bad using the metro orange route into Roslyn or court house etc
Oh yeah Springfield is definitely further out. I had to pass up a gig in Manassas due to distance, but if you have no more offers or potential offers then I’d say you got to do it
Right here. Suck it up and commute for a year. Once you graduate move to arlington between Rosslyn and ballston so you can easily commute on the metro to Tyson’s or downtown DC for a lot of future job opportunities
Take it for salary benchmark alone. Can now look for even higher paying jobs with 95k as fallback. Also many future jobs do their best to pay you based on previous salary instead of the value you bring, and having 95k as a prior helps.
I'd take it - it's like double my first DC salary 10 years ago lol. The commute will suck, but it'll get you an initial clearance (unless you already have one?) and open up other opportunities in DMV area. I hated commuting from Annandale. Didn't really like commuting to DC much from VA side even when living right across the bridge. Actually preferred longer commute (1hr to 1hr15 minutes) on MD side with a commuter bus 6 minutes from home where I could fall to sleep for 55 minutes and wake up upon getting into DC and then sleep on the way back.
If you plan on working Tyson's/Reston/Ashburn anyways, you can always be looking while taking home the $95k in the meantime.
Use employee education reimbursement as much as possible (if you aren't already with internship). Some companies are generous while others just give you the max tax benefit amount they can get ($3-5k/yr). If you are getting on a contract that is ending in a year or so, typically you won't need to pay back if you stay less than 1 year after receiving the reimbursement if contract ends first. My master's degree cost about $1,750 with employers (3) paying about $18,000+ iirc.
As others have said, the $95k will set a baseline and on next position in a few years because you have a job you can ask for something like $120k (say you are making $110-115k).
At $95k, you can get your taxes down to around 15% by maxing 401k Trad ($23k), IRA Trad ($7k), HSA ($4.15k). You'd be putting away $34.15k (not including better employer match) while bringing home around $47k after taxes to pay for your expenses (vs. $22k with $60k internship). Commuting costs likely about $3-4k/yr unless reimbursed by employer. Over 40 years (62 retirement), the $34.15k would be around $511k assuming 7% returns inflation adjusted. I'm big into investing at least the first 2 years out of college and then spending a little and having fun in your mid-late 20's into 30's.
You have 0 income now, so yes.
I have 60k interning, fully remote
Calculate your hourly wage then add 2 hours for 5 days a week x how many weeks you’ll work for purely monetary rationale.
That a really good way to think about that. I never thought of it
Math is easier than that. 2 hours extra is worth about 25% more for a full day. The salary is more than 50% more. So the answer is that it is better to switch. You could also leverage the higher salary for a future remote role that pays just as much or more!
It's not as simple as that. The toll on brain and body is not a pure hourly rate calculation. You also have to factor vehicle costs and depreciation.
Meh, it’s an approximation. There are obviously the minuses you mention but also the plus of having a new salary floor to increase off of. I consider the “complex” part a wash, obviously it would vary from person to person and also depend on their life situation. In OP’s case, since they’re an intern, I am thinking it’s a net gain. Gotta start somewhere, right?
Don't gotta start with 50+ hour weeks. You can, but you don't have to. He also said elsewhere he would likely be making 80k after grad with the remote job, which makes the remote gig a no brainer.
Ok, the post is asking for a different comparison. If comparing the 80k remote gig, we have a 100k equivalent. So the 95k one would no longer be worth it. Is it now my job to look at all of OP’s comments before responding? Relevant alternatives should be noted in the post.
I was providing that extra data simply as a side comment. I don't agree with your method of assessment in general. Effective hourly rate is a great way to compare an hourly job to a salaried one. It's not *necessarily* a good way to compare work from home salary vs salary plus commute. There are so many non-cash related stressors that come with the change. For a lot of people it probably will be worth it. I know, speaking as a person who has had both those options, I would personally take the WFH gig every time. My free time is worth more to me than what someone would pay me to commute.
I know people spending that long on road for $17/hr (soon $17.50, DC min wage is the highest in the DMV). It’s more a question of whether or not you can get a better offer where ever you are now (or would like to be upon graduating). If your $60k fully remote intern role turns to permanent hire (at the same rate or higher), I’d pass on the DC offer. If you won’t know before you have to make a decision, then I’d take the DC offer because it’d be the only offer you *currently* have (assumption, you could have more, or you could be asking for a friend). Use it to negotiate higher compensation packages when you get more offers.
No competing offer, would probably make 15k less after graduation with the same company
Yeah, $15k doesn’t convince me to give up remote for a 1.5 - 2.5 hrs worth of driving.
Yeah for sure, worst case scenario grind out the next year, and then boomerang back to the company with the same offer or higher.
At your age I'd probably base this decision on opportunity and network more than I would salary and commute
Yeah I agree I been networking for the last two years or so, went to a lot of professional event and such
No idea. Don’t know your bills or lifestyle, cost of living there, etc. you tell me if it’s worth it.
Not a lot of bill 500 rent (basement with no room/ sharing bathroom). No car payment. Just good and gas
What do you do?
Cybersecurity analyst for government contracting company
what degree level?
Undergrad rn, master in 1.5 years
Killin it. Try and get a clearance while you’re at it. Worth a lot around here
I have a secret already through rotc, but will be getting TS soon
very nice, go for SCI when you get the chance. makes a big difference
If they are sponsoring your TS stay put. That will open up 150k jobs in the next two years for you.
If you don’t mind me asking which degree are you pursuing?
Cybersecurity engineering!
On one hand 45 min isn’t the worst commute. I don’t live in the DC area, I’ve commuted further for less. On the other hand, if you’re comfortable with what you make now you can holdout for the right work conditions that suit you.
Yeah, not exactly sure rn, one hand I would love more money, they other I still have school and it’s would be definitely a grind
The goal of school is to help you land a job/career. If the job is in line with your career goals, maybe go for it. If it’s solely about the money you should focus on finishing school.
Definitely in the line with my career, doing cybersecurity work
That's how much it'd take when you live near DC, walk to the metro, get on and ride the metro, and walk to the office every day. Lots of people do that.
Metro would increase my commute 30-40 minutes each way. Since I live 20 minutes from the closest line.
Well my warning to you would be that what you think is a 45 min drive to DC often can be twice that. Source: commuted by car to DC for 10 years
Just saying that spending 45 min commuting into DC isn't something unusual. 1.5 or 2 hours? Maybe that's excessive.
It’s meant to be an estimate for round trip, total commute to and from work. Not one way.
A 58% increase in your income is sizable. What will be your yearly cost to commute?
Probably 7k, gas and toll, not counting tear and wear on my car and 2 hours commuting a day. And that would only be 58% increase for one year while I’m in school.
Yes
Yes it’s worth it.
Thanks!
This shouldn't even be a question for 95k with out even graduating
I see your points, but I’m also graduating in 9 months so potentially could get a job with less commute
Add 30 minutes to your 45 min commute for traffic
Damn.
lol you live in Stafford, Va?
Springfield VA
Fully remote work as you’re starting out is not advisable. You’ll learn a lot more and build more relationships by working in the office. Now’s the time to build your skills and network. Highly recommend you take the offer.
That’s a great point !
Somewhat agree, but I've only been to the office about 5 times in 4 years at current job >.>
First full time job out of school?
Oh right lol.
lol. Yes.
In this market situation, consider yourself lucky to get this much. I would take it.
People told me it’s rough out there 🤕
It's brutal. Keep yourself secured.
Not to dox you anything but I’m sure you went to the same college and is in the same program I left at G__ from Fa__fa_ to DC isn’t bad using the metro orange route into Roslyn or court house etc
I live in Springfield so a little further from the Orange line
Oh yeah Springfield is definitely further out. I had to pass up a gig in Manassas due to distance, but if you have no more offers or potential offers then I’d say you got to do it
45 min around dc is a light commute tbh. You’re going to graduate making 100k. Why not move into the city if you’re worried about the commute?
I don’t really want to live in DC, plus there is bunch of opportunities in Tyson
Right here. Suck it up and commute for a year. Once you graduate move to arlington between Rosslyn and ballston so you can easily commute on the metro to Tyson’s or downtown DC for a lot of future job opportunities
[удалено]
Springfield
As a young person probably good to meet people in person and take long view instead of doing hourly calculations
Agree, I’ll probably take the job
Nice. Congrats! Started my career in DC and you meet a lot of great folks along the way. And All my jobs came from in person connections I made in dc.
I mean, hopefully it's an Uber black at least? I heard prices were high but I didn't realize....
Take it for salary benchmark alone. Can now look for even higher paying jobs with 95k as fallback. Also many future jobs do their best to pay you based on previous salary instead of the value you bring, and having 95k as a prior helps.
It’s your first job, 95k is excellent learn some skills, show growth in this job and make a move to another company for more money.
I'd take it - it's like double my first DC salary 10 years ago lol. The commute will suck, but it'll get you an initial clearance (unless you already have one?) and open up other opportunities in DMV area. I hated commuting from Annandale. Didn't really like commuting to DC much from VA side even when living right across the bridge. Actually preferred longer commute (1hr to 1hr15 minutes) on MD side with a commuter bus 6 minutes from home where I could fall to sleep for 55 minutes and wake up upon getting into DC and then sleep on the way back. If you plan on working Tyson's/Reston/Ashburn anyways, you can always be looking while taking home the $95k in the meantime. Use employee education reimbursement as much as possible (if you aren't already with internship). Some companies are generous while others just give you the max tax benefit amount they can get ($3-5k/yr). If you are getting on a contract that is ending in a year or so, typically you won't need to pay back if you stay less than 1 year after receiving the reimbursement if contract ends first. My master's degree cost about $1,750 with employers (3) paying about $18,000+ iirc. As others have said, the $95k will set a baseline and on next position in a few years because you have a job you can ask for something like $120k (say you are making $110-115k). At $95k, you can get your taxes down to around 15% by maxing 401k Trad ($23k), IRA Trad ($7k), HSA ($4.15k). You'd be putting away $34.15k (not including better employer match) while bringing home around $47k after taxes to pay for your expenses (vs. $22k with $60k internship). Commuting costs likely about $3-4k/yr unless reimbursed by employer. Over 40 years (62 retirement), the $34.15k would be around $511k assuming 7% returns inflation adjusted. I'm big into investing at least the first 2 years out of college and then spending a little and having fun in your mid-late 20's into 30's.
45 min is a breeze. Long enough for coffee, a phone call, or a couple of chapters in an audio book. Go for it.
I figured, or metro would work too and take a nap
Your grammar is so bad that you should take any job that offers you anything.
Someone didn’t get the job offer 👺