Current Events > Just got a contract to hire offer at Chase for $60 an Hour

(+) Yeah! (+)

I currently work remotely on an 80,000 per year salary for a health insurance company as a Software Engineer

The current offer is 3 days in office 2 days at home JP Morgan Chase. I'd also have to relocate from CT to Jersey City. In the transition time I can stay at my family house in Brooklyn before I get a new spot thats closer.

Should I accept the offer? Or is it not worth the travel and changes I'd have to do through. And loss of freedom?

What will you be chasing

hmm...

That hourly seems way too good to be true. Be sure to read the fine print!

Might help if you specify what the job is

Irony posted...

What will you be chasing

Chase Bank

Chevy Chase? I wouldn't trust him.

Teh_Dr_Phil posted...

Might help if you specify what the job is

Sorry about that it's Software Engineering

go for the money here. if it sucks you can get another 80k job remote

2Pacavelli posted...

Chase Bank

I didn't know buildings could move that fast.

I spent a lot of time in NJ, lot of people hate it, I like it overall. Different area compared to Connecticut for sure.

ToadallyAwesome posted...

That hourly seems way too good to be true. Be sure to read the fine print!

that seems pretty normal for a contract software engineer

Do you have any visibility into what a final offer at the end of your contract would be? Contractors often make a significantly higher hourly rate because the company isn't providing any benefits.

If my math doesn't fail me that's 115K/year on your new offer. Have you considered:

1. What is the difference in cost of living between your place and the new one?
2. What other benefits do they offer and how do they compare with your current job? e.g. signing bonus, 401k, vacations, stocks
3. Do you have room for growth in the new job? If you want that.
4. Do you want to live in the new location?
5. How do state taxes compare?

If all the above is worth 35k/year, then move. Otherwise stay or ask for more. You really want to be sure that the extra 35k is going to be money for you instead of just an adjustment to reflect the cost of living/taxes in the new place.

Damn. Bigger raise than I make in a year.

AlleyViper620 posted...

Do you have any visibility into what a final offer at the end of your contract would be? Contractors often make a significantly higher hourly rate because the company isn't providing any benefits.

The conversion rate would be $120,000 but I may be able to negotiate it it

One of the most evil companies ever. I would never

[LFAQs-redacted-quote]


Right these are the main things that has me hesitant.

I'd be going from full time remote to a contract job that I have to come in office and relocate to and work hard to prove myself. Its more pay, but after going through the transition I probably will wind up spending the difference in travel etc.

And if I do not get picked up that would really mess me up.

Currently in employed with a really reputable full time consulting/tech company that has me on a contract with a health insurance company.

If the current health insurance company decides I'm underperforming, I have already put in so much work that I'll just be transitioned to some other contract with my company. So in kind of comfortable secure and have a lot of benefits (health care and even legal insurance).

I'm still debating over it and asking others of opinions.

Talk2DaHand posted...

One of the most evil companies ever. I would never

I understand they built their wealth off the slave trade. The current company I work for is an Indian company that was built into reputable company and so far they've treated me really well

Ethically I do greatly prefer working for the company that I do work for now

I have a friend who turned down some supremely good offers to go work for them. Not sure if that means anything but take it for what it's worth.

[LFAQs-redacted-quote]


Yeah I'm thinking this too, the recruiter is going to be mad though. He's already been giving me microaggressions for being hesitant accepting the offer lol

The numbers aren't adding up though. He does say adding JP Morgan to my resume is a great thing for experience but I don't know if I care enough for all of that. The only thing I feel I'm missing out on is the potential chance to get back closer to NYC my home city been wanting to try to hey back for a while

$60 an hour? Wow that's a whole lot of money. Seeing as how most people make less than $20

EricDraven59 posted...

$60 an hour? Wow that's a whole lot of money. Seeing as how most people make less than $20

For a software engineer within spitting distance of NY it's low. He's already severely underpaid at 80K, could make that doing desktop support.

2Pacavelli posted...

Yeah I'm thinking this too, the recruiter is going to be mad though. He's already been giving me microaggressions for being hesitant accepting the offer lol

The numbers aren't adding up though. He does say adding JP Morgan to my resume is a great thing for experience but I don't know if I care enough for all of that. The only thing I feel I'm missing out on is the potential chance to get back closer to NYC my home city been wanting to try to hey back for a while

You're really underpaid already, but you should be looking for a full time from day 1 job, fully remote. Also fuck that recruiter. You don't owe them anything, he needs to put a better ob offer in front of you.

Fony posted...

You're really underpaid already, but you should be looking for a full time from day 1 job, fully remote. Also fuck that recruiter. You don't owe them anything, he needs to put a better ob offer in front of you.

Fact. He said "you're an adult you should already know what you want to do". I didn't take it harshly I just took it as him being salty. Im not going to let their desires influence my opinion

2Pacavelli posted...

Fact. He said "you're an adult you should already know what you want to do". I didn't take it harshly I just took it as him being salty. Im not going to let their desires influence my opinion

Lmao, block his number.

i would not relocate for a software job in 2022, especially one thats just a contract position

imo you can easily find a comparable job, working remote, for that amount of money if you put in the time looking

source: I just got a new software job for a 25% raise

as an aside, I would have no interest in working in the financial sector as a software engineer especially for JP Morgan

TheGoldenEel posted...

as an aside, I would have no interest in working in the financial sector as a software engineer especially for JP Morgan

I have the same feeling, why do you feel that way though?

2Pacavelli posted...

I have the same feeling, why do you feel that way though?

For one, its just not interesting to me

but also, the stakes are super high; if shit goes down in off hours somebodys gotta be available. Pressure is on for any changes to work exactly correct because money is involved

A_Good_Boy posted...

I didn't know buildings could move that fast.

It depends on if it's a bear or bull economy.

About to just turn the offer down...

Kinda hurts turning it down

Use this link to compare the cost of living in Jersey City to your current location. It'll help you figure out if the extra $40,000 is actually a pay raise or not.

https://www.numbeo.com/cost-of-living/comparison.jsp

Jersey City is really, really expensive.

Also, you might want to look into software engineering work in Washington, D.C. or it's surroundings, specially the contractor companies for the DOD. Their pay and benefits are much nicer than this offer. You'd have to live in Maryland or Northern Virginia, though. Which is cheaper than Jersey City, but the traffic is worse.

It's a little low (I mean I don't know how many years of experience you have)

JPMC would look good on your resume, not sure about the commute but anything longer than 1hr in NYC area will destroy you mentally

--i am a software engineer, making more than that--

if you only have a couple YoE under your belt this could be a great opp

additionally, if your resume has never had a big company, it WILL open doors for you 100%

$60/hr for 40 hrs a week is $124,800 base salary per year. Multiply by 2080.

Wow, only the guy with the DBZ Username knows how to do math right.

Super Saiyan 3 Goku posted...

$60/hr for 40 hrs a week is $124,800 base salary per year. Multiply by 2080.

This makes me feel more like its an offer that I shouldn't refuse...

[LFAQs-redacted-quote]


Rent is expensive as heck in Jersey City smh

WarfireX posted...

Wow, only the guy with the DBZ Username knows how to do math right.

The math is technically correct, but working at a bank he'll have a lot of "forced" holidays. I think you guys ought to skip 3 weeks of pay in the math to get a better estimate.

$60/hour x 8 hours x 5 days x 49 weeks = $117600