Shooby
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Post by Shooby on Dec 6, 2014 19:54:01 GMT -5
Who said it was wrong? I am just saying that if you accept those terms then you accept the terms and do your best. And if you can find a better position with more money, better bennies and perks and vacay, then go for it.
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justme
Senior Associate
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Post by justme on Dec 6, 2014 20:04:09 GMT -5
Are they new at the bank or have they been a while. I tried for more pto but they couldn't because it's company standard. They gave me my max though so I'm not too bitter.
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Post by The Walk of the Penguin Mich on Dec 6, 2014 20:34:05 GMT -5
I have my M.B.A. and only get 15 days. 17 would be nice and few would call that bad. Pretty sure both are above average. You are new at your job. I've been here 2 1/2 years. Besides, I am comparing my PTO to people who are in the same industry in a similar position but at other companies. I don't see it as being ungrateful, it's just informing yourself of what's the norm in the industry. Would you be happy if your company gave you considerably less than the average benefits for the industry?
PTO is usually a function of how long you have been with your employer, NOT how long you have been in the industry. Comparing your PTO with 2 years of experience is not the same as comparing it with someone who has been with the same employer for 15 years. Most times, you work up to vacation - like you did when you worked at the cafeteria. When I started out at the university, I got 2 weeks. After 5 years, it jumped to 3 weeks. At 10 years (I was there 11 years when I left), I got 4 weeks. When they paid me out my vacation, I was able to collect my entire 160 hours.
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Ava
Senior Member
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Post by Ava on Dec 6, 2014 21:52:08 GMT -5
You are new at your job. I've been here 2 1/2 years. Besides, I am comparing my PTO to people who are in the same industry in a similar position but at other companies. I don't see it as being ungrateful, it's just informing yourself of what's the norm in the industry. Would you be happy if your company gave you considerably less than the average benefits for the industry?
PTO is usually a function of how long you have been with your employer, NOT how long you have been in the industry. Comparing your PTO with 2 years of experience is not the same as comparing it with someone who has been with the same employer for 15 years. Most times, you work up to vacation - like you did when you worked at the cafeteria. When I started out at the university, I got 2 weeks. After 5 years, it jumped to 3 weeks. At 10 years (I was there 11 years when I left), I got 4 weeks. When they paid me out my vacation, I was able to collect my entire 160 hours. In the cafeteria you started with 1 week, after 2 years it was 2 weeks, then 3 weeks after 7 years.
In banking depends on your salary level and it also goes up with time. The company I work for is small, so you start with less, and you have to go up several salary levels to get 5 more days a year. Or you get 5 more days after 5 years with the company. But I know people who are at my level who get more just because they work at a bigger company. One of them worked with me and got hired by a bigger bank. Same salary level but 15 vacation days and 10 personal/sick from day one.
I am taking this information into account for when I start applying for a new job. If I keep working in banking, I'm definitely going to apply at the big banks because the benefits are better and there are better promotion opportunities.
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TheOtherMe
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Post by TheOtherMe on Dec 6, 2014 23:21:06 GMT -5
Be careful about only looking at PTO when it comes to a job. It isn't the only important thing that matters in a job.
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Deleted
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Post by Deleted on Dec 6, 2014 23:22:33 GMT -5
"If 15 vacation days plus 10 sick/personal is the average, then I'll try to get that."
Are you basing this on the one person you know that got it? Maybe others can chime in but I don't think that is the average at all, only for government type maybe. Your current 17 days with 2.5 years at a company is a little closer to the average, even slightly higher than the average. I think you have this country mixed up with some of Europe.
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Deleted
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Post by Deleted on Dec 6, 2014 23:25:37 GMT -5
Is taking time off without pay a normal benefit at your company Ava? If not, your boss is still doing you a favor even if you are not getting paid. You come across as such an entitled person! I'd be careful if i were you because an MBA does not guarantee you a job. These days half the world has an MBA!
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justme
Senior Associate
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Post by justme on Dec 6, 2014 23:32:55 GMT -5
Yeah that to bunny. I had limited experience with an M.B.A. and it's only almost five years later and I'm finally getting pay commiserate with my degree. I graduated in a crappy economy so that has part of the blame but I was surprised at how many places didn't give a crap about my M.B.A. when I was short on experience.
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Deleted
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Post by Deleted on Dec 6, 2014 23:37:16 GMT -5
Unless it is from one of the really really top notch schools, an MBA doesn't really do much anymore. You are better off doing a more specialized masters, like Finance for example.
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justme
Senior Associate
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Post by justme on Dec 6, 2014 23:42:48 GMT -5
It's helped me well in my search for my second job. They all asked for a M.B.A. not masters in finance. But without experience I don't think either helped much.
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Ava
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Post by Ava on Dec 7, 2014 2:02:33 GMT -5
Be careful about only looking at PTO when it comes to a job. It isn't the only important thing that matters in a job. No, health insurance is also important. I don't have good health insurance right now.
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Ava
Senior Member
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Post by Ava on Dec 7, 2014 2:05:07 GMT -5
"If 15 vacation days plus 10 sick/personal is the average, then I'll try to get that." Are you basing this on the one person you know that got it? Maybe others can chime in but I don't think that is the average at all, only for government type maybe. Your current 17 days with 2.5 years at a company is a little closer to the average, even slightly higher than the average. I think you have this country mixed up with some of Europe. I've talked to several people who work in banking. It seems to be pretty standard for the level of work I do. No, I don't have this country mixed up with Europe, though I think we'll be better off if we adopted some of Europe's policies, such as paid maternity leave and a good amount of yearly vacation, affordable education for all, universal healthcare, etc.
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Ava
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Post by Ava on Dec 7, 2014 2:14:42 GMT -5
Is taking time off without pay a normal benefit at your company Ava? If not, your boss is still doing you a favor even if you are not getting paid. You come across as such an entitled person! I'd be careful if i were you because an MBA does not guarantee you a job. These days half the world has an MBA! Unpaid time off is not the norm. Nobody asks for it as far as I know. My previous manager in this company used to give all the unpaid time off I wanted. This one is doing the same.
I don't care if I come across as entitled or as anything else. People in the internet don't know me and don't get the full picture. I've stopped caring what others think of me. I'm happier than when I tried to please everybody.
You are right that an MBA is becoming common. But for me it's big. I arrived in this country a few years ago and I had to learn English and get a GED, then go to Community College, etc. I'm very proud of what I've achieved. And I hope to get a CPA designation after I finish the MBA.
What for most Americans would be a mediocre or even low salary, for me is a lot and I'm used to do with less.
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Ava
Senior Member
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Post by Ava on Dec 7, 2014 2:15:55 GMT -5
Unless it is from one of the really really top notch schools, an MBA doesn't really do much anymore. You are better off doing a more specialized masters, like Finance for example. The only reason I'm doing the MBA is because I need to reach the 150 credits for the CPA.
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plugginaway22
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Post by plugginaway22 on Dec 7, 2014 7:47:27 GMT -5
My DDs experience after MBA was better benefits overall, including PTO, healthcare, bonuses, etc...keep dreaming big, Ava.
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Shooby
Senior Associate
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Post by Shooby on Dec 7, 2014 9:54:22 GMT -5
The best way to get more money and benefits is to change jobs. The time to really negotiate hard is when you first get there and that is your playing chip. If you accept less just to get in the door, chances are you are never really going to get what you want. I rarely have ever seen any employer renogiate after you are already there. Yeah, you might negotiate a slightly better raise or whatever but it is unlikely to be significantly different from what you walked in at. The time to play hardball is when they want to hire you. However, like anything, you can over play that hand as well. It's a balancing act.
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TheHaitian
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Post by TheHaitian on Dec 7, 2014 10:44:04 GMT -5
The best way to get more money and benefits is to change jobs. The time to really negotiate hard is when you first get there and that is your playing chip. If you accept less just to get in the door, chances are you are never really going to get what you want. I rarely have ever seen any employer renogiate after you are already there. Yeah, you might negotiate a slightly better raise or whatever but it is unlikely to be significantly different from what you walked in at. The time to play hardball is when they want to hire you. However, like anything, you can over play that hand as well. It's a balancing act. What she said!!!
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Lizard Queen
Senior Associate
103/2024
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Post by Lizard Queen on Dec 7, 2014 11:53:17 GMT -5
DH gets either 5 & 0 or 10 & 0, and is expected to work 45-50 he's/week.
It sucks.. He needs to get out of there, and it's only been 5 months so far. Yes, not a very good deal. And at only 5 months I guess he'll have to put up with it for a little while longer. But if that's what you have to do to put food on the table, I guess he'll do it. Sorry, hope he finds something better down the line.
Thanks, we hope one of us does. There's a twist in that they're talking about converting the company into an ESOP. It seems like that could be really lucrative in the long run--if he can put up with the job for long enough.
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TheOtherMe
Distinguished Associate
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Post by TheOtherMe on Dec 7, 2014 12:16:04 GMT -5
The best way to get more money and benefits is to change jobs. The time to really negotiate hard is when you first get there and that is your playing chip. If you accept less just to get in the door, chances are you are never really going to get what you want. I rarely have ever seen any employer renogiate after you are already there. Yeah, you might negotiate a slightly better raise or whatever but it is unlikely to be significantly different from what you walked in at. The time to play hardball is when they want to hire you. However, like anything, you can over play that hand as well. It's a balancing act. ![](http://syonidv.hodginsmedia.com/vsmileys/yeahthat.gif) My nephew negotiated a lot of things when he got his first job after earning his MBA. His big one was a sign on bonus. Yes, he has to stay 2 years or pay it back, but he said he can endure anything for 2 years. He had done his internship there and he is liking his job. The company allowed him to work remotely on the Friday after Thanksgiving. He said they allowed people who were going long distances for Thanksgiving day to do the same.
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dannylion
Junior Associate
Gravity is a harsh mistress
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Location: Miles over the madness horizon and accelerating
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Post by dannylion on Dec 7, 2014 13:34:22 GMT -5
Fortunately, licensed CPAs don't have to follow any laws or rules they think are silly or inconvenient. ![](http://images.proboards.com/new/smiley.png)
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