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Hi all, recently in touch by Spotify recruiter for a Sec Engineer position for remote EU and was told that range was 60-80 out of base salary and equity. Had 2 years of security experience out of my 4 years. Was also told that there is no bonus scheme or no sign in bonus 😕 Not sure how I feel about this tbh.
What do you think?
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Wanted to highlight Prudential Financial’s hiring practices. They rescinded my offer once I attempted to negotiate the salary. The official reason given was that I didn’t “sound excited enough”.
They then admittedly gave the offer to someone who was less qualified. There were other red flags throughout the job offer process that the HR team should overall be ashamed of.
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Anyone have insights into Zions investment bank?
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Technically no, but no one needs a $2M house. To me, that's a very poor investment choice.
Coach
Agreed but we aren’t looking at this as an investment (except to the extent we’d be moving to a good neighborhood and school district for our daughter)!
Assume your take home is around $24k a month, 50% will go towards the house. What other monthly expenses you have? And how much are you contributing to retirement savings accounts? It’s doable I guess, but doesn’t seem very wise. My HHI about 2x yours, I would never buy a $2M house because i don’t need it and I don’t want to be house poor. But it’s a personal choice though.
Coach
Yup. CA is stupid but alas it is home. Thanks, appreciate it!
Subject Expert
I’m kind of with A1 here. Numbers should shake out fine but, why a 2 million house? NYC? Or just buying massive house?
Not that it’s really our business.
Coach
Los Angeles, houses are around $1000/sqft in the area we are looking. 🙁
Also live in LA and would say that $2M for a home in a good school district is not some crazy luxury. What you are you looking at 2-3,000 sq ft? Plus (though no guarantees), there is a housing shortage and a pretty strong history of rent and price appreciation here.
Good luck. If helpful, generally, I believe in a detailed budgeting approach. Don't just look at current income, etc. Create a simple excel multi-year model. You can easily build in scenarios for childcare / school costs, one spouse no longer working, increasing income, all the things that are possible/likely as life happens. If you look in a fixed mortgage and the house is a long term place for you, your housing costs will also hold still while your income likely increases (assuming both are still working).
OP, can you afford the total house payments with a single income? total = mortgage + insurance + property taxes + HOA + maintenance.
Coach
On mine, yes. On my spouse’s, no.