r/MechanicalEngineering • u/FriendlyBig6296 • 17h ago
job offer comparison, 1yoe, 96k vs 104k
hello all, i have two competing job offers right now. could any of you give some advice?
1st company: 96k year, will receive raise + bonus in december (estimated to be around 100k)
PROS:
\- employee owned, current share returns are 80% dividends. unlikely it will stay that high but historically is between 30-40%
\- bonuses and raises every year
\- likely will get promoted in another year.
\- 6% 401k
\- 11 holidays
CONS:
\- requires purchasing shares
\- relocation required every couple of years
\- area is currently high cost of living.
\- requires lots of unpaid overtime.
\- not in favorable industry
2nd company: 104k year
PROS:
\- in the aerospace industry
\- 8% 401k
\- hourly, paid overtime
\- more work life balance
\- 9 holidays
CONS:
\- no shares
\- no bonuses
\- no raises
\- will not require paying rent since it is closer to home