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Hi Sharks, Need help in deciding between EPAM Anywhere EPAM Anywhere versusBT BT on following parameters considering package offered is almost same. Role offered as TDM 1. WLB 2. Projects Quality 3. Employee benefits 4. Management policies 5. Job security w.r.t culture and bench policy.. Thank you so much as your inputs will definitely help me to take right decision having family and kids.
Should I get out of workers’ comp defense?
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Assuming no other debt and you’re ok with a tight budget elsewhere it’s doable with a 30 year loan. What is the monthly PITI? You really need to make a budget with the new numbers to see if it’ll work though. Make sure you have enough savings for any unexpected expenses and that your budget includes maintenance and anything else you need to maintain your property (e.g. lawn service)
Don’t listen to SC1. You can’t bank on steady raises nor staying at a job that has an up or out policy. DC doesn’t have as many high paying jobs like other big cities
Your industry focus or specialty will have a heavy influence in your ability to exit at a higher salary.. I exited at a strategy manager level and given my health industry focus, it was a challenge to find higher paying jobs in the DC health market. In DC, there a lot of health companies, but a lot of them are tied to nonprofit, or government, which aren’t lucrative. Only a handful could potentially match pay.... Biotech, Defense, Hospitality, Financial, probably have better prospects.
That’s a stretch, doable but house poor
Yes - possible
Unless you plan to rent out a room or two, then it’s feasible, but still risky
Harder to do today with higher interest rates.
That said, definitely possible if you have no other debt and a strict budget.
Other considerations are if you can rent a room or don’t need a car.
I am doing something similar temporarily, as I know I will have wage growth + wife will go back to work in next couple years
Unwise. That leaves very little room for repairs, emergencies, savings, kids (they cost so much), etc.
I agree generally, but also need to factor in we all work in consulting and get 6%+ raises every year
Yes. I did get into the dc housing market 10 years ago. Very different as I got an exceptional house from a bank foreclosure. Your results will vary but 10+ years of steadily increasing salary should cover the payments. If you are risk averse, definitely don’t do it.
What are you a “generalist” in? People at the manager level usually have some type of focus, whether it’s functional or industry alignment
Depends. If it is a house, likely yes. Condo would depend highly on condo fees as they can be high but go up over time. Part would also depend on property real estate taxes. But if you were looking at 675k with 20 % down that's a loan of 540k. Current rates you'd be looking principal and interest of 2600 a month with another 150 or so for insurance and likely another 500 a month for property taxes. You're also going to take off a large chunk of your interest on your taxes which makes this likely cheaper than a 2 bedroom apartment in a downtown or upscale area.
Yes. I did $550k starting at $135k. House is now $750k and I am at $200k after 8 years
Yah but 550 on 135/yr is not 675 on 140/yr. I need to pretend my income will stay even or go down if I lifestyle out of this job.
I guess I don’t know what expenses a house would incur until I live in it. I know HOA, property tax, etc but not heating for a bigger space, utilities for it, etc...
Quick google says you should target 500k.
I would either have a bigger buffer saving or larger deposit,
No
Only if you’re going to rent out part of it. Are you single? There are tons of 1 bedrooms for way less than that.
I’m single and I need three bedrooms, a giant den, a whirlpool tub, and a big kitchen. Marrying someone doesn’t suddenly justify a huge house from a shoebox.
A1, I am moving there next year. Is this true overall? Do people exiting consulting leave with higher pay in the area?
A1 thanks.
Thanks for the heads up. Going in as generalist, but will take that as consideration when I specialize. Or I guess moving again is an option always....